Welltower Inc. $WELL Position Trimmed by Factory Mutual Insurance Co.

Key Points

• Factory Mutual Insurance Co. cut its Welltower stake by 13.7% in the third quarter, selling 26,030 shares and retaining 164,020 shares valued at about $37.8 million.
• Welltower reported quarterly EPS of $1.67, above the $1.64 consensus, while revenue of $3.72 billion also topped estimates and rose 38.4% year over year.
• Analysts held a “Moderate Buy” consensus with an average price target of $259.81; Welltower also declared a quarterly dividend of $0.85 per share.

Factory Mutual Insurance Co. lessened its stake in Welltower Inc. (NYSE:WELL - Free Report) by 13.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 164,020 shares of the real estate investment trust's stock after selling 26,030 shares during the period. Factory Mutual Insurance Co.'s holdings in Welltower were worth $37,764,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently added to or reduced their stakes in the company. VCI Wealth Management LLC acquired a new position in Welltower during the third quarter worth approximately $3,841,000. GRIMES & Co WEALTH MANAGEMENT LLC lifted its stake in Welltower by 9.8% in the third quarter. GRIMES & Co WEALTH MANAGEMENT LLC now owns 17,517 shares of the real estate investment trust's stock valued at $4,033,000 after buying an additional 1,560 shares during the last quarter. Summit Wealth Group LLC Co. boosted its holdings in shares of Welltower by 903.3% in the third quarter. Summit Wealth Group LLC Co. now owns 9,260 shares of the real estate investment trust's stock valued at $2,132,000 after acquiring an additional 8,337 shares during the period. One Way Holdings LLC boosted its holdings in shares of Welltower by 7.8% in the third quarter. One Way Holdings LLC now owns 88,494 shares of the real estate investment trust's stock valued at $20,375,000 after acquiring an additional 6,423 shares during the period. Finally, Trek Financial LLC acquired a new stake in shares of Welltower in the third quarter valued at approximately $5,312,000. Hedge funds and other institutional investors own 94.80% of the company's stock.

Insider Buying and Selling at Welltower

In other news, Director Andrew Gundlach acquired 5,000 shares of the stock in a transaction that occurred on Wednesday, August 26th. The shares were purchased at an average cost of $242.06 per share, for a total transaction of $1,210,300.00. Following the transaction, the director directly owned 30,000 shares in the company, valued at approximately $7,261,800. This represents a 20.00% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Purchased indirectly through two trusts. The transaction was executed in multiple trades at prices ranging from $241.59 to $242.59. The reported $242.06 price is the weighted-average purchase price. 0.37% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

WELL has been the topic of a number of research reports. Jefferies Financial Group upgraded shares of Welltower to a "strong-buy" rating in a research report on Friday, September 25th. KeyCorp upped their price target on shares of Welltower from $240.00 to $275.00 and gave the company an "overweight" rating in a research report on Tuesday, August 4th. Wells Fargo & Company increased their price target on shares of Welltower from $266.00 to $268.00 and gave the stock an "overweight" rating in a research note on Monday, October 19th. Evercore reissued an "outperform" rating and set a $256.00 price objective (down from $260.00) on shares of Welltower in a research report on Monday, September 21st. Finally, JPMorgan Chase & Co. upgraded shares of Welltower from a "neutral" rating to an "overweight" rating and lifted their price objective for the company from $230.00 to $260.00 in a research note on Thursday, September 24th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and four have given a Hold rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $259.81.

Welltower Stock Up 0.9%

WELL opened at $241.10 on Wednesday. Welltower Inc. has a 52 week low of $180.97 and a 52 week high of $255.20. The business has a 50 day moving average price of $233.51 and a two-hundred day moving average price of $218.75. The company has a quick ratio of 3.16, a current ratio of 3.16 and a debt-to-equity ratio of 0.39. The company has a market cap of $176.88 billion, a PE ratio of 104.37, a P/E/G ratio of 1.15 and a beta of 0.79.

Welltower (NYSE:WELL - Get Free Report) last announced its earnings results on Monday, October 26th. The real estate investment trust reported $1.67 earnings per share for the quarter, beating the consensus estimate of $1.64 by $0.03. The company had revenue of $3.72 billion for the quarter, compared to the consensus estimate of $3.64 billion. Welltower had a return on equity of 3.61% and a net margin of 12.08%. The company's revenue was up 38.4% on a year-over-year basis. During the same period last year, the business posted $1.34 EPS. As a group, research analysts anticipate that Welltower Inc. will post 6.51 EPS for the current year.

Welltower Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, November 19th. Investors of record on Tuesday, November 10th will be issued a dividend of $0.85 per share. The ex-dividend date of this dividend is Tuesday, November 10th. This represents a $3.40 annualized dividend and a dividend yield of 1.4%. Welltower's dividend payout ratio (DPR) is currently 147.19%.

Welltower Company Profile

Welltower Inc NYSE: WELL is a healthcare-focused real estate investment trust that owns, develops, and manages properties used to provide healthcare and related services. Its portfolio is centered on senior housing communities, outpatient medical facilities, and post-acute care properties, including assets operated by healthcare providers and senior living companies.

The company's senior housing investments support independent living, assisted living, and memory care services. Its outpatient medical properties accommodate physicians, clinics, and other healthcare providers, while its broader healthcare real estate portfolio is designed to serve demand for care delivered outside traditional hospitals.

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