Nomura Holdings Inc. Has $23.25 Million Position in Welltower Inc. $WELL

Key Points

• Nomura Holdings Inc. increased its stake in Welltower Inc. by 72.1%, acquiring an additional 63,604 shares, bringing their total holdings to 151,771 shares valued at approximately $23.25 million.
• Welltower Inc. reported better-than-expected quarterly earnings, with EPS of $1.28, surpassing the consensus estimate of $1.22 and recording a year-over-year revenue increase of 39.6% to $2.55 billion.
• The company recently announced a quarterly dividend increase to $0.74 per share, marking a positive change from $0.67, with a current yield of 1.8% and a payout ratio of 167.23%.

Nomura Holdings Inc. raised its stake in shares of Welltower Inc. (NYSE:WELL - Free Report) by 72.1% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 151,771 shares of the real estate investment trust's stock after acquiring an additional 63,604 shares during the period. Nomura Holdings Inc.'s holdings in Welltower were worth $23,253,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. Nuveen LLC acquired a new stake in Welltower during the first quarter worth approximately $762,204,000. Price T Rowe Associates Inc. MD lifted its holdings in shares of Welltower by 41.6% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 8,923,852 shares of the real estate investment trust's stock valued at $1,367,226,000 after buying an additional 2,622,384 shares during the period. Wellington Management Group LLP grew its position in Welltower by 14.0% during the first quarter. Wellington Management Group LLP now owns 21,289,684 shares of the real estate investment trust's stock worth $3,261,792,000 after buying an additional 2,614,562 shares during the period. GAMMA Investing LLC increased its stake in Welltower by 17,343.3% in the 1st quarter. GAMMA Investing LLC now owns 1,738,052 shares of the real estate investment trust's stock valued at $266,287,000 after purchasing an additional 1,728,088 shares in the last quarter. Finally, Bank of America Corp DE lifted its holdings in shares of Welltower by 9.7% in the fourth quarter. Bank of America Corp DE now owns 18,706,788 shares of the real estate investment trust's stock valued at $2,357,617,000 after purchasing an additional 1,652,611 shares in the last quarter. 94.80% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

WELL has been the topic of several recent analyst reports. Wall Street Zen downgraded Welltower from a "hold" rating to a "sell" rating in a research report on Thursday, May 8th. Raymond James Financial reissued a "strong-buy" rating on shares of Welltower in a research report on Tuesday. Morgan Stanley boosted their price target on shares of Welltower from $155.00 to $160.00 and gave the company an "overweight" rating in a report on Tuesday, May 6th. Evercore ISI upped their price objective on shares of Welltower from $162.00 to $175.00 and gave the stock an "in-line" rating in a report on Wednesday, July 30th. Finally, Wells Fargo & Company lifted their target price on Welltower from $175.00 to $185.00 and gave the stock an "overweight" rating in a report on Wednesday, August 27th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, one has given a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $175.00.

Insider Activity

In other Welltower news, Director Andrew Gundlach bought 20,000 shares of the stock in a transaction that occurred on Monday, June 30th. The stock was acquired at an average cost of $151.46 per share, with a total value of $3,029,200.00. Following the purchase, the director owned 20,000 shares in the company, valued at $3,029,200. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.21% of the company's stock.

Welltower Price Performance

NYSE WELL traded down $0.33 during trading on Wednesday, reaching $167.41. 2,090,906 shares of the company traded hands, compared to its average volume of 2,211,635. The company has a market cap of $111.97 billion, a price-to-earnings ratio of 35.65, a P/E/G ratio of 1.90 and a beta of 0.93. The stock's 50 day moving average price is $161.28 and its two-hundred day moving average price is $153.45. Welltower Inc. has a 1-year low of $122.18 and a 1-year high of $171.09. The company has a debt-to-equity ratio of 0.44, a quick ratio of 4.19 and a current ratio of 4.19.

Welltower (NYSE:WELL - Get Free Report) last released its quarterly earnings results on Monday, July 28th. The real estate investment trust reported $1.28 EPS for the quarter, beating analysts' consensus estimates of $1.22 by $0.06. Welltower had a net margin of 12.18% and a return on equity of 3.38%. The firm had revenue of $2.55 billion for the quarter, compared to analyst estimates of $2.49 billion. During the same period in the previous year, the business earned $1.05 earnings per share. The company's revenue for the quarter was up 39.6% compared to the same quarter last year. Welltower has set its FY 2025 guidance at 5.060-5.14 EPS. As a group, analysts anticipate that Welltower Inc. will post 4.88 EPS for the current year.

Welltower Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, August 21st. Stockholders of record on Tuesday, August 12th were given a dividend of $0.74 per share. This represents a $2.96 annualized dividend and a dividend yield of 1.8%. The ex-dividend date was Tuesday, August 12th. This is an increase from Welltower's previous quarterly dividend of $0.67. Welltower's dividend payout ratio is presently 167.23%.

About Welltower

Welltower Inc NYSE: WELL, a real estate investment trust ("REIT") and S&P 500 company headquartered in Toledo, Ohio, is driving the transformation of health care infrastructure. Welltower invests with leading seniors housing operators, post-acute providers and health systems to fund the real estate infrastructure needed to scale innovative care delivery models and improve people's wellness and overall health care experience.