Voya Investment Management LLC Boosts Holdings in Welltower Inc. $WELL

Key Points

• Voya Investment Management LLC increased its holdings in Welltower Inc. by 27.8%, owning a total of 1,773,947 shares valued at approximately $271.4 million following several significant purchases.
• Welltower reported earnings of $1.28 per share, surpassing analyst estimates of $1.22, and achieved a 39.6% revenue growth year-over-year, totaling $2.55 billion for the quarter.
• The company recently raised its quarterly dividend from $0.67 to $0.74 per share, reflecting a yield of 1.8% and a substantial payout ratio of 167.23%.

Voya Investment Management LLC increased its holdings in Welltower Inc. (NYSE:WELL - Free Report) by 27.8% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,773,947 shares of the real estate investment trust's stock after purchasing an additional 385,621 shares during the period. Voya Investment Management LLC owned 0.27% of Welltower worth $271,404,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. LPL Financial LLC lifted its holdings in Welltower by 3.9% in the 1st quarter. LPL Financial LLC now owns 258,052 shares of the real estate investment trust's stock worth $39,536,000 after purchasing an additional 9,678 shares in the last quarter. Cbre Investment Management Listed Real Assets LLC raised its holdings in shares of Welltower by 55.6% during the 1st quarter. Cbre Investment Management Listed Real Assets LLC now owns 3,013,247 shares of the real estate investment trust's stock worth $461,660,000 after acquiring an additional 1,076,293 shares in the last quarter. Jump Financial LLC purchased a new stake in shares of Welltower during the 1st quarter worth approximately $1,697,000. Beacon Financial Planning Inc. raised its holdings in shares of Welltower by 6.8% during the 1st quarter. Beacon Financial Planning Inc. now owns 27,893 shares of the real estate investment trust's stock worth $4,274,000 after acquiring an additional 1,780 shares in the last quarter. Finally, Summit Trail Advisors LLC raised its holdings in shares of Welltower by 61.4% during the 1st quarter. Summit Trail Advisors LLC now owns 6,756 shares of the real estate investment trust's stock worth $1,035,000 after acquiring an additional 2,571 shares in the last quarter. 94.80% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, Director Andrew Gundlach purchased 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 acquisition, the director owned 20,000 shares of the company's stock, valued at approximately $3,029,200. This represents a ∞ increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 0.21% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on WELL shares. Evercore ISI upped their price objective on Welltower from $162.00 to $175.00 and gave the stock an "in-line" rating in a report on Wednesday, July 30th. Scotiabank upped their price objective on Welltower from $172.00 to $181.00 and gave the stock an "outperform" rating in a report on Thursday, August 28th. Raymond James Financial reaffirmed a "strong-buy" rating on shares of Welltower in a report on Tuesday, September 2nd. Finally, Wells Fargo & Company upped their price objective on Welltower from $175.00 to $185.00 and gave the stock 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 issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Welltower presently has an average rating of "Moderate Buy" and a consensus target price of $175.00.

Welltower Stock Performance

NYSE:WELL opened at $168.39 on Friday. The stock's fifty day moving average is $163.47 and its 200 day moving average is $154.31. Welltower Inc. has a fifty-two week low of $122.34 and a fifty-two week high of $171.09. The firm has a market capitalization of $112.62 billion, a PE ratio of 95.14, a PEG ratio of 1.89 and a beta of 0.93. 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 released its quarterly earnings results on Monday, July 28th. The real estate investment trust reported $1.28 earnings per share for the quarter, beating the consensus estimate of $1.22 by $0.06. Welltower had a return on equity of 3.38% and a net margin of 12.18%.The company had revenue of $2.55 billion for the quarter, compared to analyst estimates of $2.49 billion. During the same quarter in the prior year, the firm posted $1.05 EPS. Welltower's quarterly revenue was up 39.6% compared to the same quarter last year. Welltower has set its FY 2025 guidance at 5.060-5.14 EPS. On average, sell-side analysts anticipate that Welltower Inc. will post 4.88 earnings per share for the current year.

Welltower Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, August 21st. Investors of record on Tuesday, August 12th were issued a dividend of $0.74 per share. This represents a $2.96 annualized dividend 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 payout ratio is currently 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.

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