Stance Capital LLC Makes New Investment in Welltower Inc. $WELL

Key Points

• Stance Capital LLC acquired a new stake in Welltower Inc., purchasing 11,716 shares valued at approximately $1.8 million during the first quarter.
• Welltower's quarterly earnings report showed $1.28 earnings per share, surpassing analysts' expectations, while revenue grew by 39.6% year-over-year.
• The company recently increased its quarterly dividend to $0.74 per share, representing an annual yield of 1.8%, up from the previous dividend of $0.67.

Stance Capital LLC purchased a new stake in Welltower Inc. (NYSE:WELL - Free Report) in the first quarter, according to the company in its most recent filing with the SEC. The firm purchased 11,716 shares of the real estate investment trust's stock, valued at approximately $1,795,000.

Other large investors have also made changes to their positions in the company. LPL Financial LLC increased its holdings in shares of Welltower by 3.9% in the 1st quarter. LPL Financial LLC now owns 258,052 shares of the real estate investment trust's stock valued at $39,536,000 after purchasing an additional 9,678 shares in the last quarter. Cbre Investment Management Listed Real Assets LLC increased its holdings in Welltower by 55.6% during the 1st quarter. Cbre Investment Management Listed Real Assets LLC now owns 3,013,247 shares of the real estate investment trust's stock valued at $461,660,000 after acquiring an additional 1,076,293 shares in the last quarter. Jump Financial LLC purchased a new position in Welltower during the 1st quarter valued at about $1,697,000. Beacon Financial Planning Inc. increased its holdings in Welltower by 6.8% during the 1st quarter. Beacon Financial Planning Inc. now owns 27,893 shares of the real estate investment trust's stock valued at $4,274,000 after acquiring an additional 1,780 shares in the last quarter. Finally, Summit Trail Advisors LLC increased its holdings in Welltower by 61.4% during the 1st quarter. Summit Trail Advisors LLC now owns 6,756 shares of the real estate investment trust's stock valued at $1,035,000 after acquiring an additional 2,571 shares in the last quarter. Hedge funds and other institutional investors own 94.80% of the company's stock.

Insider Buying and Selling

In related news, Director Andrew Gundlach purchased 20,000 shares of the company's stock in a transaction that occurred on Monday, June 30th. The stock was purchased at an average price of $151.46 per share, with a total value 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 position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.21% of the company's stock.

Analyst Ratings Changes

Several equities analysts have weighed in on WELL shares. Evercore ISI raised their target price on shares of Welltower from $162.00 to $175.00 and gave the company an "in-line" rating in a report on Wednesday, July 30th. Scotiabank raised their target price on shares of Welltower from $172.00 to $181.00 and gave the company an "outperform" rating in a report on Thursday, August 28th. Wells Fargo & Company raised their target price on shares of Welltower from $175.00 to $185.00 and gave the company an "overweight" rating in a report on Wednesday, August 27th. Finally, Raymond James Financial restated a "strong-buy" rating on shares of Welltower in a report on Tuesday, September 2nd. 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 assigned a Sell rating to the company's stock. According to MarketBeat.com, Welltower has an average rating of "Moderate Buy" and an average target price of $175.00.

Welltower Trading Down 0.4%

Shares of NYSE:WELL traded down $0.73 during midday trading on Wednesday, reaching $168.12. The company's stock had a trading volume of 2,031,974 shares, compared to its average volume of 2,888,683. The firm has a market cap of $112.44 billion, a price-to-earnings ratio of 94.98, a price-to-earnings-growth ratio of 1.91 and a beta of 0.93. The company has a quick ratio of 4.19, a current ratio of 4.19 and a debt-to-equity ratio of 0.44. Welltower Inc. has a 1 year low of $122.34 and a 1 year high of $171.09. The business has a 50 day moving average price of $162.81 and a 200 day moving average price of $154.09.

Welltower (NYSE:WELL - Get Free Report) last announced 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 business had revenue of $2.55 billion during the quarter, compared to the consensus estimate of $2.49 billion. Welltower had a return on equity of 3.38% and a net margin of 12.18%.The business's revenue for the quarter was up 39.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.05 earnings per share. Welltower has set its FY 2025 guidance at 5.060-5.14 EPS. Research analysts forecast 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 was Tuesday, August 12th. This is a positive change from Welltower's previous quarterly dividend of $0.67. This represents a $2.96 dividend on an annualized basis and a yield of 1.8%. Welltower's payout ratio is presently 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.