Public Sector Pension Investment Board Purchases 8,752 Shares of Welltower Inc. (NYSE:WELL)

Key Points

• The Public Sector Pension Investment Board increased its stake in Welltower Inc. by 5.7%, acquiring an additional 8,752 shares for a total of 162,902 shares valued at approximately $24.96 million.
• Welltower recently declared a quarterly dividend of $0.74 per share, marking an increase from the previous $0.67, resulting in an annualized yield of 1.8%.
• Welltower reported earnings of $1.28 per share in its latest quarter, outperforming analyst expectations, with revenues increasing by 39.6% year-over-year to $2.55 billion.

Public Sector Pension Investment Board raised its position in shares of Welltower Inc. (NYSE:WELL - Free Report) by 5.7% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 162,902 shares of the real estate investment trust's stock after purchasing an additional 8,752 shares during the quarter. Public Sector Pension Investment Board's holdings in Welltower were worth $24,958,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in WELL. Capital International Investors grew its stake in shares of Welltower by 0.9% during the 4th quarter. Capital International Investors now owns 37,096,408 shares of the real estate investment trust's stock valued at $4,674,826,000 after acquiring an additional 318,496 shares during the period. Bank of America Corp DE grew its stake in shares of Welltower by 9.7% during the 4th 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 acquiring an additional 1,652,611 shares during the period. Northern Trust Corp grew its stake in shares of Welltower by 53.5% during the 4th quarter. Northern Trust Corp now owns 8,430,496 shares of the real estate investment trust's stock valued at $1,062,495,000 after acquiring an additional 2,939,229 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of Welltower by 10.3% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 7,632,705 shares of the real estate investment trust's stock valued at $961,950,000 after acquiring an additional 712,279 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its stake in shares of Welltower by 14.4% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 6,956,594 shares of the real estate investment trust's stock valued at $1,065,820,000 after acquiring an additional 877,856 shares during the period. 94.80% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, Director Andrew Gundlach purchased 20,000 shares of the firm's stock in a transaction that occurred on Monday, June 30th. The shares were bought at an average price of $151.46 per share, for a total transaction of $3,029,200.00. Following the acquisition, the director owned 20,000 shares of the company's stock, valued at approximately $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 at this link. Insiders own 0.21% of the company's stock.

Wall Street Analysts Forecast Growth

WELL has been the subject of a number of recent research reports. Wall Street Zen downgraded Welltower from a "hold" rating to a "sell" rating in a research note on Thursday, May 8th. Evercore ISI boosted their price target on Welltower from $162.00 to $175.00 and gave the stock an "in-line" rating in a report on Wednesday, July 30th. Scotiabank reissued an "outperform" rating on shares of Welltower in a report on Monday, June 23rd. Wells Fargo & Company boosted their price target on Welltower from $158.00 to $175.00 and gave the stock an "overweight" rating in a report on Monday, June 2nd. Finally, Wedbush reissued an "underperform" rating on shares of Welltower in a report on Thursday, April 17th. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $169.82.

Welltower Stock Down 0.1%

Shares of WELL opened at $167.93 on Tuesday. The stock has a market capitalization of $112.32 billion, a price-to-earnings ratio of 94.88, a price-to-earnings-growth ratio of 1.92 and a beta of 0.93. Welltower Inc. has a 1 year low of $115.18 and a 1 year high of $171.09. The business's 50 day simple moving average is $157.08 and its 200-day simple moving average is $150.89. The company has a debt-to-equity ratio of 0.44, a current ratio of 4.19 and a quick ratio of 4.19.

Welltower (NYSE:WELL - Get Free Report) last issued its quarterly earnings data on Monday, July 28th. The real estate investment trust reported $1.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.22 by $0.06. Welltower had a return on equity of 3.38% and a net margin of 12.18%. The business had revenue of $2.55 billion for the quarter, compared to analysts' expectations of $2.49 billion. During the same period in the prior year, the firm earned $1.05 EPS. The company's revenue for the quarter was up 39.6% on a year-over-year basis. As a group, equities analysts expect that Welltower Inc. will post 4.88 earnings per share for the current fiscal year.

Welltower Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, August 21st. Investors of record on Tuesday, August 12th will be issued a dividend of $0.74 per share. This represents a $2.96 annualized dividend and a yield of 1.8%. The ex-dividend date is Tuesday, August 12th. This is a boost from Welltower's previous quarterly dividend of $0.67. Welltower's payout ratio is currently 151.41%.

Welltower 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.

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