Advisors Asset Management Inc. Grows Stake in Welltower Inc. $WELL

Key Points

• Advisors Asset Management Inc. increased its stake in Welltower Inc. by 8.3% in Q1, acquiring an additional 4,424 shares, bringing total holdings to 57,810 shares valued at approximately $8.86 million.
• Welltower's recent quarterly earnings showed an EPS of $1.28, exceeding estimates, with revenue reaching $2.55 billion, up 39.6% from the previous year.
• The company's quarterly dividend was raised from $0.67 to $0.74 per share, reflecting a dividend yield of 1.8%.

Advisors Asset Management Inc. boosted its stake in shares of Welltower Inc. (NYSE:WELL - Free Report) by 8.3% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 57,810 shares of the real estate investment trust's stock after purchasing an additional 4,424 shares during the quarter. Advisors Asset Management Inc.'s holdings in Welltower were worth $8,857,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. SouthState Corp boosted its position in shares of Welltower by 704.8% during the 1st quarter. SouthState Corp now owns 169 shares of the real estate investment trust's stock worth $26,000 after acquiring an additional 148 shares in the last quarter. Wealth Preservation Advisors LLC acquired a new position in shares of Welltower during the 1st quarter worth about $27,000. Harbor Capital Advisors Inc. acquired a new position in shares of Welltower during the 1st quarter worth about $28,000. Smallwood Wealth Investment Management LLC acquired a new position in shares of Welltower during the 1st quarter worth about $28,000. Finally, Hughes Financial Services LLC acquired a new position in shares of Welltower during the 1st quarter worth about $31,000. Hedge funds and other institutional investors own 94.80% of the company's stock.

Insider Activity

In other Welltower news, Director Andrew Gundlach acquired 20,000 shares of the firm's stock in a transaction dated Monday, June 30th. The shares were acquired at an average price of $151.46 per share, for a total transaction of $3,029,200.00. Following the completion of the acquisition, the director directly owned 20,000 shares of the company's stock, valued at $3,029,200. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 0.21% of the stock is owned by company insiders.

Analyst Ratings Changes

WELL has been the subject of several analyst reports. Wells Fargo & Company upped their price objective on Welltower from $175.00 to $185.00 and gave the stock an "overweight" rating in a research report on Wednesday, August 27th. Scotiabank upped their price objective on Welltower from $172.00 to $181.00 and gave the stock an "outperform" rating in a research report on Thursday, August 28th. Evercore ISI upped their target price on Welltower from $162.00 to $175.00 and gave the company an "in-line" rating in a research report on Wednesday, July 30th. Finally, Raymond James Financial reissued a "strong-buy" rating on shares of Welltower in a research report on Tuesday, September 2nd. 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 assigned a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $175.00.

Welltower Price Performance

WELL stock traded up $1.77 during midday trading on Monday, hitting $169.59. 2,649,643 shares of the stock were exchanged, compared to its average volume of 2,897,964. The stock's 50-day moving average price is $162.15 and its 200-day moving average price is $153.84. The stock has a market cap of $113.43 billion, a price-to-earnings ratio of 95.81, a PEG ratio of 1.89 and a beta of 0.93. Welltower Inc. has a fifty-two week low of $122.34 and a fifty-two week high of $171.09. 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 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. The firm had revenue of $2.55 billion for the quarter, compared to analysts' expectations of $2.49 billion. Welltower had a return on equity of 3.38% and a net margin of 12.18%.Welltower's quarterly revenue was up 39.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.05 EPS. Welltower has set its FY 2025 guidance at 5.060-5.14 EPS. Research analysts predict that Welltower Inc. will post 4.88 earnings per share for the current year.

Welltower Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, August 21st. Shareholders of record on Tuesday, August 12th were issued a dividend of $0.74 per share. This is a boost from Welltower's previous quarterly dividend of $0.67. The ex-dividend date was Tuesday, August 12th. This represents a $2.96 dividend on an annualized basis and a yield of 1.7%. 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.