Welltower Inc. $WELL Shares Sold by OMERS ADMINISTRATION Corp

Key Points

• OMERS ADMINISTRATION Corp reduced its stake in Welltower Inc. by 14.0%, holding 20,194 shares valued at approximately $3.09 million.
• Welltower recently reported quarterly earnings with an EPS of $1.28, exceeding analyst expectations, and experienced a 39.6% increase in year-over-year revenue.
• The company has increased its quarterly dividend from $0.67 to $0.74, reflecting a 1.8% yield with a payout ratio of 167.23%.

OMERS ADMINISTRATION Corp lowered its position in Welltower Inc. (NYSE:WELL - Free Report) by 14.0% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 20,194 shares of the real estate investment trust's stock after selling 3,297 shares during the quarter. OMERS ADMINISTRATION Corp's holdings in Welltower were worth $3,094,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Nuveen LLC purchased a new stake in shares of Welltower during the 1st quarter worth $762,204,000. Price T Rowe Associates Inc. MD boosted its position in shares of Welltower by 41.6% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 8,923,852 shares of the real estate investment trust's stock worth $1,367,226,000 after acquiring an additional 2,622,384 shares in the last quarter. Wellington Management Group LLP boosted its position in shares of Welltower by 14.0% during the 1st 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 acquiring an additional 2,614,562 shares in the last quarter. GAMMA Investing LLC increased its holdings in shares of 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 acquiring an additional 1,728,088 shares during the last quarter. Finally, Bank of America Corp DE lifted its stake in Welltower by 9.7% during the fourth quarter. Bank of America Corp DE now owns 18,706,788 shares of the real estate investment trust's stock worth $2,357,617,000 after purchasing an additional 1,652,611 shares during the last quarter. 94.80% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, Director Andrew Gundlach bought 20,000 shares of the stock in a transaction on Monday, June 30th. The shares were bought at an average cost of $151.46 per share, for a total transaction of $3,029,200.00. Following the completion of the transaction, the director owned 20,000 shares of the company's stock, valued at $3,029,200. This represents a ∞ increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.21% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on WELL. Evercore ISI raised 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. Scotiabank boosted their price target on shares of Welltower from $172.00 to $181.00 and gave the company an "outperform" rating in a research report on Thursday, August 28th. Wells Fargo & Company raised their price objective on Welltower from $175.00 to $185.00 and gave the stock an "overweight" rating in a report on Wednesday, August 27th. Morgan Stanley lifted their target price on Welltower from $155.00 to $160.00 and gave the stock an "overweight" rating in a research report on Tuesday, May 6th. Finally, Wall Street Zen cut Welltower from a "hold" rating to a "sell" rating in a research report on Thursday, May 8th. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $175.00.

Welltower Stock Performance

WELL traded down $0.66 during trading on Tuesday, hitting $167.63. The stock had a trading volume of 2,652,234 shares, compared to its average volume of 2,909,868. The firm has a market capitalization of $112.11 billion, a P/E ratio of 94.70, a PEG ratio of 1.90 and a beta of 0.93. 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 Inc. has a twelve month low of $120.23 and a twelve month high of $171.09. The company's 50-day moving average price is $161.01 and its 200 day moving average price is $153.35.

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

Welltower Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 21st. Investors of record on Tuesday, August 12th were paid a $0.74 dividend. This represents a $2.96 annualized dividend and a dividend yield of 1.8%. This is a positive change from Welltower's previous quarterly dividend of $0.67. The ex-dividend date was Tuesday, August 12th. Welltower's dividend payout ratio (DPR) is 167.23%.

Welltower Company Profile

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.