Welltower Inc. $WELL is Resolution Capital Ltd's Largest Position

Key Points

• Welltower Inc. is the largest holding of Resolution Capital Ltd, which has reduced its position by 14.9% but still maintains 4.6% of its portfolio in the stock.
• Numerous hedge funds increased their positions in Welltower during the last quarter, with one fund showing an astounding 704.8% growth in its holdings.
• The company recently declared a quarterly dividend increase to $0.74 per share, representing an annualized yield of 1.8%.

Resolution Capital Ltd lowered its position in shares of Welltower Inc. (NYSE:WELL - Free Report) by 14.9% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,906,779 shares of the real estate investment trust's stock after selling 862,394 shares during the period. Welltower accounts for approximately 14.6% of Resolution Capital Ltd's portfolio, making the stock its largest position. Resolution Capital Ltd owned 0.75% of Welltower worth $751,768,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. SouthState Corp grew its stake in shares of Welltower by 704.8% during the first quarter. SouthState Corp now owns 169 shares of the real estate investment trust's stock worth $26,000 after purchasing an additional 148 shares in the last quarter. Wealth Preservation Advisors LLC acquired a new position in shares of Welltower during the first quarter worth $27,000. Harbor Capital Advisors Inc. acquired a new position in shares of Welltower during the first quarter worth $28,000. Smallwood Wealth Investment Management LLC acquired a new position in shares of Welltower during the first quarter worth $28,000. Finally, Hughes Financial Services LLC purchased a new stake in Welltower in the first quarter valued at $31,000. Institutional investors and hedge funds own 94.80% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the stock. Wells Fargo & Company boosted their price target on shares of Welltower from $175.00 to $185.00 and gave the company an "overweight" rating in a research report on Wednesday, August 27th. Raymond James Financial reissued a "strong-buy" rating on shares of Welltower in a research report on Tuesday, September 2nd. Scotiabank boosted their price target on shares of Welltower from $172.00 to $181.00 and gave the company an "outperform" rating in a research report on Thursday, August 28th. Finally, Evercore ISI boosted their price target on shares of Welltower from $162.00 to $175.00 and gave the company an "in-line" rating in a research report on Wednesday, July 30th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $175.00.

Insider Activity at Welltower

In other Welltower news, Director Andrew Gundlach bought 20,000 shares of Welltower stock in a transaction dated Monday, June 30th. The stock was acquired at an average cost of $151.46 per share, with a total value of $3,029,200.00. Following the completion of 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 ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.21% of the company's stock.

Welltower Stock Performance

Shares of NYSE:WELL traded down $0.61 on Tuesday, reaching $168.75. The company's stock had a trading volume of 2,133,467 shares, compared to its average volume of 2,158,355. The stock's 50-day moving average is $162.81 and its two-hundred day moving average is $154.09. Welltower Inc. has a 52-week low of $122.34 and a 52-week high of $171.09. The company has a debt-to-equity ratio of 0.44, a current ratio of 4.19 and a quick ratio of 4.19. The stock has a market capitalization of $112.87 billion, a P/E ratio of 95.34, a PEG ratio of 1.91 and a beta of 0.93.

Welltower (NYSE:WELL - Get Free Report) last announced its 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. 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 analysts' expectations of $2.49 billion. During the same period in the prior year, the company earned $1.05 earnings per share. The business's 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. As a group, sell-side analysts forecast that Welltower Inc. will post 4.88 EPS for the current year.

Welltower Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 21st. Stockholders of record on Tuesday, August 12th were issued a $0.74 dividend. The ex-dividend date of this dividend 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 is currently 167.23%.

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.