Raiffeisen Bank International AG Purchases 25,362 Shares of Welltower Inc. (NYSE:WELL)

Key Points

• Raiffeisen Bank International AG increased its holdings in Welltower Inc. by 460.0% during the 1st quarter, now owning 30,875 shares valued at approximately $4.74 million.
• Welltower recently announced a quarterly dividend increase from $0.67 to $0.74, representing an annualized yield of 1.8%.
• Wall Street analysts maintain a consensus rating of "Moderate Buy" for Welltower, with a consensus price target of $169.82.

Raiffeisen Bank International AG grew its position in shares of Welltower Inc. (NYSE:WELL - Free Report) by 460.0% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 30,875 shares of the real estate investment trust's stock after buying an additional 25,362 shares during the quarter. Raiffeisen Bank International AG's holdings in Welltower were worth $4,737,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of WELL. Harbor Capital Advisors Inc. acquired a new stake in shares of Welltower during the first quarter worth $28,000. Smallwood Wealth Investment Management LLC acquired a new stake in Welltower in the 1st quarter valued at approximately $28,000. Hughes Financial Services LLC bought a new stake in shares of Welltower in the first quarter worth $31,000. Franchise Capital Ltd bought a new position in shares of Welltower in the 1st quarter valued at about $32,000. Finally, N.E.W. Advisory Services LLC acquired a new position in shares of Welltower during the 1st quarter worth approximately $32,000. 94.80% of the stock is owned by institutional investors and hedge funds.

Welltower Stock Performance

Shares of WELL traded up $0.97 on Tuesday, reaching $169.75. 3,127,455 shares of the company's stock traded hands, compared to its average volume of 2,342,111. The stock's 50 day simple moving average is $155.52 and its two-hundred day simple moving average is $149.62. The company has a current ratio of 4.19, a quick ratio of 4.19 and a debt-to-equity ratio of 0.44. Welltower Inc. has a 52-week low of $111.28 and a 52-week high of $170.30. The stock has a market cap of $113.53 billion, a PE ratio of 95.90, a PEG ratio of 1.93 and a beta of 0.93.

Welltower (NYSE:WELL - Get Free Report) last released its quarterly earnings data 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. The company had revenue of $2.55 billion during the quarter, compared to analyst estimates of $2.49 billion. Welltower had a net margin of 12.18% and a return on equity of 3.38%. Welltower's revenue was up 39.6% compared to the same quarter last year. During the same period last year, the business earned $1.05 earnings per share. On average, analysts forecast that Welltower Inc. will post 4.88 earnings per share for the current fiscal year.

Welltower Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, August 21st. Investors of record on Tuesday, August 12th will be paid a $0.74 dividend. The ex-dividend date of this dividend is Tuesday, August 12th. This is a boost from Welltower's previous quarterly dividend of $0.67. This represents a $2.96 annualized dividend and a dividend yield of 1.7%. Welltower's payout ratio is 151.41%.

Insider Activity

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 stock was bought at an average cost of $151.46 per share, with a total value of $3,029,200.00. Following the completion of the purchase, the director directly owned 20,000 shares in the company, valued at approximately $3,029,200. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.21% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the company. Morgan Stanley boosted their price target on Welltower from $155.00 to $160.00 and gave the stock an "overweight" rating in a research report on Tuesday, May 6th. Wedbush reissued an "underperform" rating on shares of Welltower in a research note on Thursday, April 17th. Wall Street Zen lowered shares of Welltower from a "hold" rating to a "sell" rating in a report on Thursday, May 8th. Scotiabank reaffirmed an "outperform" rating on shares of Welltower in a research note on Monday, June 23rd. Finally, Wells Fargo & Company upped their price objective on shares of Welltower from $158.00 to $175.00 and gave the company an "overweight" rating in a research note on Monday, June 2nd. Two analysts have rated the stock with a sell rating, one has issued a hold rating, eight have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $169.82.

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.