Vident Advisory LLC Acquires 11,707 Shares of Welltower Inc. $WELL

Key Points

• Vident Advisory LLC increased its holdings in Welltower Inc. by 38.5% during the first quarter, now owning 42,141 shares valued at approximately $6.46 million.
• Welltower recently reported an EPS of $1.28 for the last quarter, exceeding estimates and marking a 39.6% year-over-year revenue increase.
• The company declared a quarterly dividend of $0.74, which is an increase from the previous $0.67, with a current dividend yield of 1.8%.

Vident Advisory LLC increased its stake in Welltower Inc. (NYSE:WELL - Free Report) by 38.5% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 42,141 shares of the real estate investment trust's stock after acquiring an additional 11,707 shares during the quarter. Vident Advisory LLC's holdings in Welltower were worth $6,457,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Nuveen LLC bought a new stake in Welltower during the 1st quarter valued at $762,204,000. Price T Rowe Associates Inc. MD lifted its stake in Welltower by 41.6% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 8,923,852 shares of the real estate investment trust's stock valued at $1,367,226,000 after acquiring an additional 2,622,384 shares in the last quarter. Wellington Management Group LLP boosted its holdings in Welltower by 14.0% during the 1st quarter. Wellington Management Group LLP now owns 21,289,684 shares of the real estate investment trust's stock worth $3,261,792,000 after acquiring an additional 2,614,562 shares during the last quarter. GAMMA Investing LLC grew its stake in shares of Welltower by 17,343.3% in the 1st quarter. GAMMA Investing LLC now owns 1,738,052 shares of the real estate investment trust's stock worth $266,287,000 after acquiring an additional 1,728,088 shares in the last quarter. Finally, Bank of America Corp DE raised its holdings in shares of Welltower by 9.7% in the fourth quarter. Bank of America Corp DE now owns 18,706,788 shares of the real estate investment trust's stock valued at $2,357,617,000 after purchasing an additional 1,652,611 shares during the last quarter. Institutional investors own 94.80% of the company's stock.

Insider Buying and Selling

In other Welltower news, Director Andrew Gundlach purchased 20,000 shares of Welltower stock in a transaction on Monday, June 30th. The shares were acquired at an average cost 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 of the company's stock, valued at approximately $3,029,200. The trade was a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. 0.21% of the stock is owned by insiders.

Welltower Price Performance

Shares of WELL traded down $0.66 during midday trading on Tuesday, hitting $167.63. 2,652,234 shares of the company traded hands, compared to its average volume of 2,909,868. The stock has a 50-day moving average of $161.01 and a 200-day moving average of $153.35. Welltower Inc. has a one year low of $120.23 and a one year high of $171.09. The firm has a market cap of $112.11 billion, a P/E ratio of 94.70, a PEG ratio of 1.90 and a beta of 0.93. The company has a debt-to-equity ratio of 0.44, a current ratio of 4.19 and a quick ratio of 4.19.

Welltower (NYSE:WELL - Get Free Report) last posted its quarterly earnings data on Monday, July 28th. The real estate investment trust reported $1.28 earnings per share for the quarter, topping the consensus estimate 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%. Welltower's revenue for the quarter was up 39.6% compared to the same quarter last year. During the same period in the prior year, the business earned $1.05 earnings per share. Welltower has set its FY 2025 guidance at 5.060-5.14 EPS. As a group, sell-side analysts predict that Welltower Inc. will post 4.88 EPS for the current fiscal year.

Welltower Increases Dividend

The business also recently disclosed 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 annualized dividend and a dividend yield of 1.8%. This is a positive change from Welltower's previous quarterly dividend of $0.67. The ex-dividend date was Tuesday, August 12th. Welltower's dividend payout ratio (DPR) is currently 167.23%.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on WELL. Wells Fargo & Company increased their target price on shares of Welltower from $175.00 to $185.00 and gave the company an "overweight" rating in a report on Wednesday, August 27th. Wall Street Zen downgraded shares of Welltower from a "hold" rating to a "sell" rating in a report on Thursday, May 8th. Scotiabank boosted their price target on shares of Welltower from $172.00 to $181.00 and gave the stock an "outperform" rating in a report on Thursday, August 28th. Morgan Stanley boosted their price target on shares of Welltower from $155.00 to $160.00 and gave the stock an "overweight" rating in a report on Tuesday, May 6th. Finally, Evercore ISI boosted their price target on shares of Welltower from $162.00 to $175.00 and gave the stock an "in-line" rating in a report on Wednesday, July 30th. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $175.00.

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.