Twin Tree Management LP Decreases Stock Holdings in Welltower Inc. $WELL

Key Points

• Twin Tree Management LP reduced its stake in Welltower Inc. by 10.6%, resulting in ownership of 55,517 shares worth approximately $8.5 million.
• Welltower reported a quarterly EPS of $1.28, exceeding analyst expectations of $1.22, with revenues increasing by 39.6% year-over-year.
• Welltower recently announced an increased quarterly dividend of $0.74 per share, up from $0.67, reflecting a payout ratio of 167.23%.

Twin Tree Management LP decreased its position in Welltower Inc. (NYSE:WELL - Free Report) by 10.6% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 55,517 shares of the real estate investment trust's stock after selling 6,609 shares during the period. Twin Tree Management LP's holdings in Welltower were worth $8,506,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in WELL. SouthState Corp increased its stake in Welltower by 704.8% in the 1st quarter. SouthState Corp now owns 169 shares of the real estate investment trust's stock valued at $26,000 after buying an additional 148 shares during the last quarter. Wealth Preservation Advisors LLC purchased a new stake in shares of Welltower during the 1st quarter worth approximately $27,000. Harbor Capital Advisors Inc. purchased a new stake in shares of Welltower during the 1st quarter worth approximately $28,000. Smallwood Wealth Investment Management LLC purchased a new stake in shares of Welltower during the 1st quarter worth approximately $28,000. Finally, Hughes Financial Services LLC bought a new position in Welltower in the 1st quarter worth approximately $31,000. Hedge funds and other institutional investors own 94.80% of the company's stock.

Insider Buying and Selling

In other Welltower news, Director Andrew Gundlach bought 20,000 shares of the firm's stock in a transaction that occurred on Monday, June 30th. The shares were bought at an average price of $151.46 per share, for a total transaction of $3,029,200.00. Following the transaction, the director directly owned 20,000 shares in the company, valued at $3,029,200. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.21% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several research analysts recently commented on WELL shares. Wall Street Zen downgraded shares of Welltower from a "hold" rating to a "sell" rating in a report on Thursday, May 8th. Wells Fargo & Company raised their price target on shares of Welltower from $175.00 to $185.00 and gave the company an "overweight" rating in a report on Wednesday, August 27th. Evercore ISI raised their price target 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 price target on shares of Welltower from $172.00 to $181.00 and gave the company an "outperform" rating in a report on Thursday, August 28th. Finally, Morgan Stanley raised their price target on shares of Welltower from $155.00 to $160.00 and gave the company an "overweight" rating in a report on Tuesday, May 6th. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Welltower currently has a consensus rating of "Moderate Buy" and an average price target of $175.00.

Welltower Trading Down 0.2%

NYSE:WELL traded down $0.33 during trading hours on Wednesday, reaching $167.41. The company's stock had a trading volume of 2,090,906 shares, compared to its average volume of 2,211,635. The firm has a market capitalization of $111.97 billion, a price-to-earnings ratio of 35.65, a PEG ratio of 1.90 and a beta of 0.93. The firm has a 50-day simple moving average of $161.28 and a 200-day simple moving average of $153.45. Welltower Inc. has a 1 year low of $122.18 and a 1 year high of $171.09. The company has a debt-to-equity ratio of 0.44, a quick ratio of 4.19 and a current ratio of 4.19.

Welltower (NYSE:WELL - Get Free Report) last issued its earnings results on Monday, July 28th. The real estate investment trust reported $1.28 EPS for the quarter, topping analysts' consensus estimates of $1.22 by $0.06. The company had revenue of $2.55 billion for the quarter, compared to analysts' expectations of $2.49 billion. Welltower had a net margin of 12.18% and a return on equity of 3.38%. The firm's revenue was up 39.6% compared to the same quarter last year. During the same quarter last year, the company earned $1.05 EPS. Welltower has set its FY 2025 guidance at 5.060-5.14 EPS. Research analysts expect that Welltower Inc. will post 4.88 EPS for the current fiscal year.

Welltower Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 21st. Investors of record on Tuesday, August 12th were given a $0.74 dividend. This represents a $2.96 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date was Tuesday, August 12th. This is a boost from Welltower's previous quarterly dividend of $0.67. Welltower's dividend payout ratio 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.