VCI Wealth Management LLC Acquires 16,685 Shares of Welltower Inc. $WELL

Key Points

• VCI Wealth Management acquired 16,685 Welltower shares worth approximately $3.84 million during the third quarter. Institutional investors collectively own 94.8% of the healthcare REIT.
• Welltower director Andrew Gundlach purchased 5,000 shares for about $1.21 million, increasing his direct holdings by 20%; company insiders now own 0.37% of the stock.
• Analysts maintain a favorable outlook, with a consensus “Moderate Buy” rating and $259.81 price target. Welltower also exceeded quarterly earnings and revenue expectations and declared a quarterly dividend of $0.85 per share.

VCI Wealth Management LLC acquired a new position in Welltower Inc. (NYSE:WELL - Free Report) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 16,685 shares of the real estate investment trust's stock, valued at approximately $3,841,000.

Several other large investors also recently made changes to their positions in the business. Leonteq Securities AG raised its holdings in shares of Welltower by 92.3% in the first quarter. Leonteq Securities AG now owns 125 shares of the real estate investment trust's stock valued at $25,000 after buying an additional 60 shares during the last quarter. Kilter Group LLC acquired a new position in Welltower during the 2nd quarter worth about $29,000. Sound Income Strategies LLC lifted its position in Welltower by 124.6% during the 1st quarter. Sound Income Strategies LLC now owns 137 shares of the real estate investment trust's stock worth $27,000 after buying an additional 76 shares in the last quarter. Solstein Capital LLC bought a new stake in Welltower during the 2nd quarter worth about $34,000. Finally, Summit Securities Group LLC grew its holdings in Welltower by 42.6% during the 2nd quarter. Summit Securities Group LLC now owns 164 shares of the real estate investment trust's stock worth $37,000 after acquiring an additional 49 shares during the last quarter. Institutional investors own 94.80% of the company's stock.

Insider Buying and Selling at Welltower

In other Welltower news, Director Andrew Gundlach purchased 5,000 shares of the company's stock in a transaction that occurred on Wednesday, August 26th. The stock was acquired at an average cost of $242.06 per share, with a total value of $1,210,300.00. Following the completion of the purchase, the director directly owned 30,000 shares in the company, valued at approximately $7,261,800. This represents a 20.00% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 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. 0.37% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on WELL. Freedom Broker upgraded shares of Welltower from a "hold" rating to a "buy" rating and set a $255.00 price objective for the company in a research report on Wednesday, October 28th. BMO Capital Markets boosted their target price on shares of Welltower from $245.00 to $265.00 and gave the stock an "outperform" rating in a research note on Monday, August 3rd. Morgan Stanley upped their target price on shares of Welltower from $215.00 to $251.00 and gave the stock an "overweight" rating in a research report on Tuesday, September 1st. Wells Fargo & Company increased their price target on shares of Welltower from $266.00 to $268.00 and gave the company an "overweight" rating in a research note on Monday, October 19th. Finally, Robert W. Baird increased their price target on shares of Welltower from $226.00 to $233.00 and gave the company a "neutral" rating in a research note on Wednesday, August 12th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $259.81.

Welltower Trading Up 1.7%

WELL stock opened at $238.59 on Tuesday. 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 Inc. has a twelve month low of $179.24 and a twelve month high of $255.20. The company has a market cap of $175.03 billion, a P/E ratio of 103.28, a PEG ratio of 1.10 and a beta of 0.75. The business has a fifty day moving average of $233.49 and a 200-day moving average of $218.49.

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

Welltower Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, November 19th. Investors of record on Tuesday, November 10th will be paid a dividend of $0.85 per share. This represents a $3.40 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date of this dividend is Tuesday, November 10th. Welltower's payout ratio is 147.19%.

Welltower Profile

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.

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