Swedbank AB Grows Stock Position in Welltower Inc. $WELL

Key Points

• Swedbank AB increased its holdings in Welltower Inc. by 11.0%, acquiring an additional 66,039 shares during the 2nd quarter, bringing its total ownership to approximately $102.4 million.
• Analysts have positive sentiments on Welltower, with several institutions raising their price targets; Scotiabank increased its target from $172 to $181, reflecting a growing confidence in the company's performance.
• Welltower recently boosted its quarterly dividend from $0.67 to $0.74, highlighting its commitment to returning value to shareholders, although its dividend payout ratio stands at a high 167.23%.

Swedbank AB raised its position in shares of Welltower Inc. (NYSE:WELL - Free Report) by 11.0% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 666,219 shares of the real estate investment trust's stock after purchasing an additional 66,039 shares during the period. Swedbank AB owned about 0.10% of Welltower worth $102,418,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Good Life Advisors LLC increased its holdings in shares of Welltower by 1.2% in the first quarter. Good Life Advisors LLC now owns 5,744 shares of the real estate investment trust's stock valued at $880,000 after purchasing an additional 69 shares during the period. Rise Advisors LLC increased its holdings in shares of Welltower by 23.3% in the first quarter. Rise Advisors LLC now owns 365 shares of the real estate investment trust's stock valued at $56,000 after purchasing an additional 69 shares during the period. Sivia Capital Partners LLC increased its holdings in shares of Welltower by 4.3% in the first quarter. Sivia Capital Partners LLC now owns 1,783 shares of the real estate investment trust's stock valued at $273,000 after purchasing an additional 73 shares during the period. Sound View Wealth Advisors Group LLC increased its holdings in shares of Welltower by 2.0% in the first quarter. Sound View Wealth Advisors Group LLC now owns 3,644 shares of the real estate investment trust's stock valued at $558,000 after purchasing an additional 73 shares during the period. Finally, Premier Path Wealth Partners LLC increased its holdings in shares of Welltower by 1.8% in the first quarter. Premier Path Wealth Partners LLC now owns 4,427 shares of the real estate investment trust's stock valued at $678,000 after purchasing an additional 77 shares during the period. 94.80% of the stock is owned by institutional investors.

Analysts Set New Price Targets

WELL has been the topic of a number of recent research reports. Raymond James Financial restated a "strong-buy" rating on shares of Welltower in a research note on Tuesday, September 2nd. Scotiabank upped their target price on Welltower from $172.00 to $181.00 and gave the stock an "outperform" rating in a research note on Thursday, August 28th. Wells Fargo & Company upped their target price on Welltower from $175.00 to $185.00 and gave the stock an "overweight" rating in a research note on Wednesday, August 27th. Evercore ISI upped their target price on Welltower from $175.00 to $183.00 and gave the stock an "in-line" rating in a research note on Monday, September 15th. Finally, UBS Group initiated coverage on Welltower in a research note on Friday. They issued a "buy" rating and a $195.00 target price on the stock. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $177.55.

Insider Transactions at Welltower

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

Welltower Trading Down 0.6%

WELL stock traded down $1.00 during midday trading on Friday, hitting $165.53. 20,205,185 shares of the company's stock were exchanged, compared to its average volume of 2,294,890. The business has a 50-day simple moving average of $165.11 and a two-hundred day simple moving average of $154.88. The company has a current ratio of 4.19, a quick ratio of 4.19 and a debt-to-equity ratio of 0.44. The stock has a market capitalization of $110.71 billion, a PE ratio of 93.52, a P/E/G ratio of 1.86 and a beta of 0.93. Welltower Inc. has a 1-year low of $122.34 and a 1-year high of $171.09.

Welltower (NYSE:WELL - Get Free Report) last released its quarterly earnings results on Monday, July 28th. The real estate investment trust reported $1.28 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 during the quarter, compared to analyst estimates of $2.49 billion. During the same period last year, the business posted $1.05 earnings per share. The company's quarterly revenue was up 39.6% on a year-over-year basis. Welltower has set its FY 2025 guidance at 5.060-5.14 EPS. On average, sell-side analysts predict that Welltower Inc. will post 4.88 EPS for the current fiscal year.

Welltower Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, August 21st. Stockholders of record on Tuesday, August 12th were given a dividend of $0.74 per share. This is an increase from Welltower's previous quarterly dividend of $0.67. This represents a $2.96 annualized dividend and a dividend yield of 1.8%. The ex-dividend date was Tuesday, August 12th. Welltower's dividend payout ratio (DPR) is 167.23%.

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.