ING Groep NV Has $4.23 Million Position in Welltower Inc. (NYSE:WELL)

Key Points

• ING Groep NV increased its stake in Welltower Inc. by 8.8% during Q1 2023, holding 27,591 shares valued at approximately $4.23 million.
• Welltower reported $1.28 earnings per share for the latest quarter, surpassing estimates of $1.22, along with a revenue of $2.55 billion, which is a 39.6% increase year-over-year.
• The company's quarterly dividend has been increased from $0.67 to $0.74, representing an annualized dividend of $2.96 and a yield of 1.7%.

ING Groep NV boosted its holdings in shares of Welltower Inc. (NYSE:WELL - Free Report) by 8.8% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 27,591 shares of the real estate investment trust's stock after purchasing an additional 2,240 shares during the period. ING Groep NV's holdings in Welltower were worth $4,227,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of WELL. Brighton Jones LLC increased its holdings in Welltower by 7.1% during the 4th quarter. Brighton Jones LLC now owns 4,185 shares of the real estate investment trust's stock valued at $527,000 after purchasing an additional 279 shares in the last quarter. World Investment Advisors bought a new stake in shares of Welltower during the fourth quarter worth approximately $282,000. Wedbush Securities Inc. lifted its stake in shares of Welltower by 12.1% in the 4th quarter. Wedbush Securities Inc. now owns 2,287 shares of the real estate investment trust's stock valued at $288,000 after purchasing an additional 247 shares during the period. Cerity Partners LLC boosted its holdings in Welltower by 0.6% during the fourth quarter. Cerity Partners LLC now owns 227,414 shares of the real estate investment trust's stock worth $28,706,000 after buying an additional 1,300 shares during the last quarter. Finally, FIL Ltd grew its holdings in Welltower by 22.1% during the fourth quarter. FIL Ltd now owns 395,077 shares of the real estate investment trust's stock valued at $49,792,000 after purchasing an additional 71,457 shares during the period. Institutional investors own 94.80% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on WELL. Wells Fargo & Company increased their price target on Welltower from $158.00 to $175.00 and gave the stock an "overweight" rating in a report on Monday, June 2nd. Scotiabank reissued an "outperform" rating on shares of Welltower in a research report on Monday, June 23rd. Wall Street Zen downgraded Welltower from a "hold" rating to a "sell" rating in a report on Thursday, May 8th. Morgan Stanley raised their target price on shares of Welltower from $155.00 to $160.00 and gave the company an "overweight" rating in a research note on Tuesday, May 6th. Finally, Wedbush reaffirmed an "underperform" rating on shares of Welltower in a research report on Thursday, April 17th. Two investment analysts have rated the stock with a sell rating, one has given a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat, Welltower currently has a consensus rating of "Moderate Buy" and an average target price of $169.82.

Welltower Price Performance

NYSE WELL traded up $0.94 during midday trading on Thursday, hitting $169.90. The company had a trading volume of 2,591,869 shares, compared to its average volume of 2,376,813. The company has a current ratio of 4.19, a quick ratio of 4.19 and a debt-to-equity ratio of 0.44. Welltower Inc. has a twelve month low of $114.37 and a twelve month high of $171.09. The company has a market capitalization of $113.63 billion, a PE ratio of 95.99, a P/E/G ratio of 1.94 and a beta of 0.93. The firm has a 50-day moving average price of $156.55 and a 200-day moving average price of $150.17.

Welltower (NYSE:WELL - Get Free Report) last announced its quarterly earnings data on Monday, July 28th. The real estate investment trust reported $1.28 EPS for the quarter, beating the consensus estimate of $1.22 by $0.06. Welltower had a net margin of 12.18% and a return on equity of 3.38%. The business had revenue of $2.55 billion during the quarter, compared to the consensus estimate of $2.49 billion. During the same period in the previous year, the business earned $1.05 earnings per share. The company's revenue was up 39.6% on a year-over-year basis. As a group, analysts anticipate that Welltower Inc. will post 4.88 earnings per share for the current fiscal year.

Welltower Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, August 21st. Investors of record on Tuesday, August 12th will be issued a dividend of $0.74 per share. This is a positive change from Welltower's previous quarterly dividend of $0.67. The ex-dividend date of this dividend is Tuesday, August 12th. This represents a $2.96 annualized dividend and a dividend yield of 1.7%. Welltower's dividend payout ratio (DPR) is 151.41%.

Insider Buying and Selling at Welltower

In other news, Director Andrew Gundlach purchased 20,000 shares of the business's stock in a transaction dated Monday, June 30th. The shares were purchased at an average cost of $151.46 per share, with a total value of $3,029,200.00. Following the completion of the purchase, the director owned 20,000 shares of the company's stock, valued at $3,029,200. This trade represents a ∞ increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at this link. 0.21% of the stock is currently owned by company insiders.

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.