UniSuper Management Pty Ltd Raises Holdings in Welltower Inc. $WELL

Key Points

• UniSuper Management Pty Ltd increased its stake in Welltower Inc. by 0.5%, acquiring an additional 1,932 shares to bring its total holdings to 397,676 shares, valued at approximately $60.93 million.
• Welltower recently announced a quarterly dividend increase from $0.67 to $0.74, reflecting robust company performance with an annualized yield of 1.8%.
• Analysts have raised their price targets for Welltower, with Wells Fargo & Company now setting the target price at $185.00, indicating strong bullish sentiment around the stock.

UniSuper Management Pty Ltd raised its holdings in shares of Welltower Inc. (NYSE:WELL - Free Report) by 0.5% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 397,676 shares of the real estate investment trust's stock after purchasing an additional 1,932 shares during the period. UniSuper Management Pty Ltd owned approximately 0.06% of Welltower worth $60,928,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the business. Rise Advisors LLC boosted its stake in Welltower by 23.3% during the 1st 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 last quarter. Nissay Asset Management Corp Japan ADV boosted its stake in Welltower by 3.2% during the 1st quarter. Nissay Asset Management Corp Japan ADV now owns 164,190 shares of the real estate investment trust's stock valued at $25,156,000 after purchasing an additional 5,047 shares during the last quarter. Nearwater Capital Markets Ltd purchased a new stake in Welltower during the 1st quarter valued at $18,385,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Welltower by 4.8% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 87,406 shares of the real estate investment trust's stock valued at $13,391,000 after purchasing an additional 4,023 shares during the last quarter. Finally, Integrated Wealth Concepts LLC lifted its holdings in shares of Welltower by 6.3% during the 1st quarter. Integrated Wealth Concepts LLC now owns 6,732 shares of the real estate investment trust's stock valued at $1,031,000 after buying an additional 401 shares during the period. 94.80% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have recently weighed in on WELL. Evercore ISI increased their price target on Welltower from $162.00 to $175.00 and gave the company an "in-line" rating in a report on Wednesday, July 30th. Raymond James Financial reissued a "strong-buy" rating on shares of Welltower in a report on Tuesday, September 2nd. Scotiabank increased their price target on Welltower from $172.00 to $181.00 and gave the company an "outperform" rating in a report on Thursday, August 28th. Finally, Wells Fargo & Company increased their price target on Welltower from $175.00 to $185.00 and gave the company an "overweight" rating in a report on Wednesday, August 27th. One 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 given a Sell rating to the company. According to MarketBeat, Welltower presently has a consensus rating of "Moderate Buy" and a consensus target price of $175.00.

Welltower Price Performance

Shares of NYSE WELL traded down $0.73 during midday trading on Wednesday, reaching $168.12. The stock had a trading volume of 2,031,974 shares, compared to its average volume of 2,888,683. The company has a debt-to-equity ratio of 0.44, a quick ratio of 4.19 and a current ratio of 4.19. The stock has a 50-day moving average of $162.81 and a 200-day moving average of $154.09. The company has a market capitalization 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. Welltower Inc. has a 12-month low of $122.34 and a 12-month high of $171.09.

Welltower (NYSE:WELL - Get Free Report) last posted its quarterly earnings results 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 for the quarter, compared to analysts' expectations of $2.49 billion. Welltower had a return on equity of 3.38% and a net margin of 12.18%.The business's quarterly revenue was up 39.6% on a year-over-year basis. During the same period last year, the firm earned $1.05 earnings per share. Welltower has set its FY 2025 guidance at 5.060-5.14 EPS. As a group, research analysts anticipate that Welltower Inc. will post 4.88 EPS for the current fiscal year.

Welltower Increases Dividend

The company also recently disclosed 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. 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 dividend yield of 1.8%. Welltower's dividend payout ratio (DPR) is 167.23%.

Insider Buying and Selling at Welltower

In other news, Director Andrew Gundlach acquired 20,000 shares of the business's stock in a transaction dated Monday, June 30th. The stock was purchased at an average price of $151.46 per share, for a total transaction of $3,029,200.00. Following the completion of the transaction, the director directly owned 20,000 shares in the company, valued at approximately $3,029,200. This trade represents a ∞ increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.21% of the stock is currently owned by insiders.

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.