Trek Financial LLC Buys 23,073 Shares of Welltower Inc. $WELL

Key Points

• Trek Financial LLC purchased 23,073 Welltower shares during the third quarter, valued at approximately $5.3 million. Institutional investors collectively own 94.8% of the healthcare REIT.
• Welltower exceeded quarterly expectations, reporting $1.67 in EPS and $3.72 billion in revenue, with revenue up 38.4% year over year.
• The company declared a quarterly dividend of $0.85 per share, equivalent to a $3.40 annualized payout and a 1.5% yield. Analysts maintain a “Moderate Buy” consensus with an average price target of $259.81.

Trek Financial LLC purchased a new stake in shares of Welltower Inc. (NYSE:WELL - Free Report) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 23,073 shares of the real estate investment trust's stock, valued at approximately $5,312,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Leonteq Securities AG grew its position in Welltower by 92.3% during the 1st quarter. Leonteq Securities AG now owns 125 shares of the real estate investment trust's stock valued at $25,000 after purchasing an additional 60 shares during the last quarter. Kilter Group LLC purchased a new stake in shares of Welltower during the second quarter valued at approximately $29,000. Sound Income Strategies LLC increased its position in shares of Welltower by 124.6% during the first quarter. Sound Income Strategies LLC now owns 137 shares of the real estate investment trust's stock valued at $27,000 after acquiring an additional 76 shares in the last quarter. Solstein Capital LLC purchased a new position in Welltower in the 2nd quarter worth approximately $34,000. Finally, Summit Securities Group LLC lifted its position in Welltower by 42.6% in the 2nd quarter. Summit Securities Group LLC now owns 164 shares of the real estate investment trust's stock valued at $37,000 after acquiring an additional 49 shares in the last quarter. 94.80% of the stock is owned by hedge funds and other institutional investors.

Welltower Stock Down 0.1%

Shares of WELL opened at $234.43 on Monday. The company has a market cap of $171.98 billion, a PE ratio of 101.48, a P/E/G ratio of 1.13 and a beta of 0.79. The business has a fifty day moving average of $233.51 and a 200 day moving average of $218.24. Welltower Inc. has a 52-week low of $178.19 and a 52-week high of $255.20. The company has a quick ratio of 3.16, a current ratio of 3.16 and a debt-to-equity ratio of 0.39.

Welltower (NYSE:WELL - Get Free Report) last announced its quarterly earnings data on Monday, October 26th. The real estate investment trust reported $1.67 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.64 by $0.03. The business had revenue of $3.72 billion during the quarter, compared to the consensus estimate of $3.64 billion. Welltower had a net margin of 12.08% and a return on equity of 3.61%. The firm's quarterly revenue was up 38.4% compared to the same quarter last year. During the same quarter last year, the firm earned $1.34 earnings per share. On average, sell-side analysts expect that Welltower Inc. will post 6.49 EPS for the current year.

Welltower Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, November 19th. Shareholders of record on Tuesday, November 10th will be issued a $0.85 dividend. This represents a $3.40 annualized dividend and a yield of 1.5%. The ex-dividend date of this dividend is Tuesday, November 10th. Welltower's dividend payout ratio (DPR) is presently 147.19%.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on WELL. Royal Bank Of Canada lifted their price target on shares of Welltower from $238.00 to $260.00 and gave the stock an "outperform" rating in a research note on Monday, August 3rd. Freedom Broker upgraded shares of Welltower from a "hold" rating to a "buy" rating and set a $255.00 price objective on the stock in a research report on Wednesday, October 28th. Mizuho raised their target price on shares of Welltower from $239.00 to $260.00 and gave the stock an "outperform" rating in a report on Wednesday, July 22nd. Citigroup raised their target price on shares of Welltower from $255.00 to $275.00 and gave the stock a "buy" rating in a report on Friday, July 31st. Finally, BMO Capital Markets lifted their target price on shares of Welltower from $245.00 to $265.00 and gave the stock an "outperform" rating in a research report on Monday, August 3rd. One analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $259.81.

Insider Buying and Selling

In related news, Director Andrew Gundlach purchased 5,000 shares of the company's stock in a transaction dated Wednesday, August 26th. The stock was acquired at an average cost of $242.06 per share, for a total transaction of $1,210,300.00. Following the completion of the transaction, the director directly owned 30,000 shares of the company's stock, valued at approximately $7,261,800. This trade represents a 20.00% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Purchased indirectly through two trusts. The transaction was executed in multiple trades at prices ranging from $241.59 to $242.59. The reported $242.06 price is the weighted-average purchase price. Company insiders own 0.37% of the company's stock.

About Welltower

Welltower Inc NYSE: WELL is a healthcare-focused real estate investment trust that owns, develops, and manages properties used to provide healthcare and related services. Its portfolio is centered on senior housing communities, outpatient medical facilities, and post-acute care properties, including assets operated by healthcare providers and senior living companies.

The company's senior housing investments support independent living, assisted living, and memory care services. Its outpatient medical properties accommodate physicians, clinics, and other healthcare providers, while its broader healthcare real estate portfolio is designed to serve demand for care delivered outside traditional hospitals.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.