Welltower Inc. $WELL Shares Acquired by MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.

Key Points

• MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Welltower Inc. by 4.8%, owning a total of 87,406 shares valued at $13.39 million.
• Welltower recently reported a 39.6% increase in revenue year-over-year, totaling $2.55 billion, and surpassed analysts' EPS estimates by $0.06.
• The company announced a quarterly dividend increase to $0.74 per share, reflecting a 1.7% dividend yield and a payout ratio of 167.23%.

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Welltower Inc. (NYSE:WELL - Free Report) by 4.8% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 87,406 shares of the real estate investment trust's stock after buying an additional 4,023 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.'s holdings in Welltower were worth $13,391,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of WELL. Good Life Advisors LLC lifted its holdings in Welltower by 1.2% in the 1st quarter. Good Life Advisors LLC now owns 5,744 shares of the real estate investment trust's stock valued at $880,000 after purchasing an additional 69 shares in the last quarter. Sivia Capital Partners LLC increased its stake in shares of Welltower by 4.3% in the 1st quarter. Sivia Capital Partners LLC now owns 1,783 shares of the real estate investment trust's stock worth $273,000 after acquiring an additional 73 shares during the last quarter. Sound View Wealth Advisors Group LLC increased its stake in shares of Welltower by 2.0% in the 1st quarter. Sound View Wealth Advisors Group LLC now owns 3,644 shares of the real estate investment trust's stock worth $558,000 after acquiring an additional 73 shares during the last quarter. Premier Path Wealth Partners LLC increased its stake in shares of Welltower by 1.8% in the 1st quarter. Premier Path Wealth Partners LLC now owns 4,427 shares of the real estate investment trust's stock worth $678,000 after acquiring an additional 77 shares during the last quarter. Finally, Catalyst Financial Partners LLC increased its stake in shares of Welltower by 4.3% in the 1st quarter. Catalyst Financial Partners LLC now owns 1,854 shares of the real estate investment trust's stock worth $284,000 after acquiring an additional 77 shares during the last quarter. Institutional investors and hedge funds own 94.80% of the company's stock.

Welltower Trading Up 0.2%

Welltower stock traded up $0.30 during midday trading on Thursday, reaching $168.39. 1,816,342 shares of the stock traded hands, compared to its average volume of 2,090,656. The company has a 50-day simple moving average of $163.15 and a two-hundred day simple moving average of $154.19. Welltower Inc. has a 12-month low of $122.34 and a 12-month high of $171.09. The firm has a market cap of $112.62 billion, a PE ratio of 95.14, a price-to-earnings-growth ratio of 1.89 and a beta of 0.93. 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 (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, topping analysts' consensus estimates of $1.22 by $0.06. The business had revenue of $2.55 billion during the quarter, compared to the consensus estimate of $2.49 billion. Welltower had a return on equity of 3.38% and a net margin of 12.18%.The business's revenue for the quarter was up 39.6% on a year-over-year basis. During the same period in the previous year, the company posted $1.05 earnings per share. Welltower has set its FY 2025 guidance at 5.060-5.14 EPS. Research analysts expect 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 was paid on Thursday, August 21st. Shareholders of record on Tuesday, August 12th were paid a $0.74 dividend. This is an increase from Welltower's previous quarterly dividend of $0.67. This represents a $2.96 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date was Tuesday, August 12th. Welltower's dividend payout ratio (DPR) is presently 167.23%.

Insiders Place Their Bets

In other news, Director Andrew Gundlach acquired 20,000 shares of Welltower stock in a transaction on Monday, June 30th. The stock was bought at an average price of $151.46 per share, for a total transaction of $3,029,200.00. Following the completion of the purchase, the director owned 20,000 shares in the company, valued at $3,029,200. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.21% of the company's stock.

Wall Street Analysts Forecast Growth

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