ST Germain D J Co. Inc. Buys 2,074 Shares of Welltower Inc. $WELL

Key Points

• ST Germain D J Co. Inc. increased its stake in Welltower Inc. by 86.7% during the second quarter, owning a total of 4,466 shares valued at approximately $687,000 after purchasing an additional 2,074 shares.
• Welltower recently reported earnings of $1.28 per share, surpassing analysts' expectations, with revenue growth of 39.6% year-over-year, totaling $2.55 billion.
• The company announced a dividend increase to $0.74 per share, reflecting an annualized dividend of $2.96 and a yield of 1.7%, with a payout ratio of 167.23%.

ST Germain D J Co. Inc. boosted its position in Welltower Inc. (NYSE:WELL - Free Report) by 86.7% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 4,466 shares of the real estate investment trust's stock after purchasing an additional 2,074 shares during the period. ST Germain D J Co. Inc.'s holdings in Welltower were worth $687,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the business. Brighton Jones LLC lifted its holdings in Welltower by 7.1% during the fourth quarter. Brighton Jones LLC now owns 4,185 shares of the real estate investment trust's stock valued at $527,000 after purchasing an additional 279 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its holdings in shares of Welltower by 0.8% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 121,080 shares of the real estate investment trust's stock worth $15,260,000 after purchasing an additional 946 shares in the last quarter. MassMutual Private Wealth & Trust FSB grew its holdings in shares of Welltower by 14.1% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 2,406 shares of the real estate investment trust's stock worth $369,000 after purchasing an additional 297 shares in the last quarter. Versant Capital Management Inc grew its holdings in shares of Welltower by 27.0% during the first quarter. Versant Capital Management Inc now owns 381 shares of the real estate investment trust's stock worth $58,000 after purchasing an additional 81 shares in the last quarter. Finally, Agate Pass Investment Management LLC grew its stake in Welltower by 40.1% in the 1st quarter. Agate Pass Investment Management LLC now owns 9,685 shares of the real estate investment trust's stock worth $1,484,000 after buying an additional 2,770 shares in the last quarter. 94.80% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, Director Andrew Gundlach bought 20,000 shares of the stock in a transaction that occurred 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 approximately $3,029,200. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.21% of the company's stock.

Welltower Stock Performance

Shares of NYSE WELL opened at $174.90 on Friday. Welltower Inc. has a 52-week low of $122.34 and a 52-week high of $175.10. The company has a quick ratio of 4.19, a current ratio of 4.19 and a debt-to-equity ratio of 0.44. The firm's 50-day moving average price is $166.49 and its 200-day moving average price is $155.66. The company has a market cap of $116.98 billion, a PE ratio of 98.81, a PEG ratio of 1.93 and a beta of 0.93.

Welltower (NYSE:WELL - Get Free Report) last posted its earnings results on Monday, July 28th. The real estate investment trust reported $1.28 earnings per share for the quarter, beating analysts' consensus estimates of $1.22 by $0.06. Welltower had a return on equity of 3.38% and a net margin of 12.18%.The company had revenue of $2.55 billion for the quarter, compared to the consensus estimate of $2.49 billion. During the same quarter in the prior year, the company earned $1.05 earnings per share. Welltower's revenue was up 39.6% on a year-over-year basis. 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. Investors of record on Tuesday, August 12th were issued a $0.74 dividend. The ex-dividend date of this dividend was Tuesday, August 12th. This represents a $2.96 dividend on an annualized basis and a yield of 1.7%. This is an increase from Welltower's previous quarterly dividend of $0.67. Welltower's payout ratio is 167.23%.

Analyst Ratings Changes

Several research analysts recently issued reports on WELL shares. Wells Fargo & Company upped their target price on shares of Welltower from $175.00 to $185.00 and gave the stock an "overweight" rating in a research report on Wednesday, August 27th. UBS Group started coverage on Welltower in a report on Friday, September 19th. They issued a "buy" rating and a $195.00 price objective for the company. Raymond James Financial reiterated a "strong-buy" rating on shares of Welltower in a report on Tuesday, September 2nd. KeyCorp upped their target price on Welltower from $150.00 to $200.00 and gave the stock an "overweight" rating in a research note on Tuesday. Finally, Scotiabank upped their price objective on shares of Welltower from $172.00 to $181.00 and gave the company an "outperform" rating in a research note on Thursday, August 28th. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Welltower presently has an average rating of "Moderate Buy" and a consensus price target of $179.42.

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.

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