Alliancebernstein L.P. Boosts Stock Position in Welltower Inc. $WELL

Key Points

• Alliancebernstein L.P. increased its holdings in Welltower Inc. by 10.8% during the first quarter, acquiring a total of 1,263,217 shares now valued at approximately $193.5 million.
• Welltower recently posted quarterly earnings of $1.28 per share, surpassing analysts' expectations, and reported a 39.6% increase in revenue year-over-year.
• The company announced a quarterly dividend increase from $0.67 to $0.74 per share, resulting in an annualized dividend yield of 1.8%.

Alliancebernstein L.P. raised its holdings in Welltower Inc. (NYSE:WELL - Free Report) by 10.8% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,263,217 shares of the real estate investment trust's stock after purchasing an additional 122,820 shares during the quarter. Alliancebernstein L.P. owned 0.19% of Welltower worth $193,537,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently made changes to their positions in WELL. Geller Advisors LLC increased its holdings in shares of Welltower by 3.7% in the fourth quarter. Geller Advisors LLC now owns 1,911 shares of the real estate investment trust's stock worth $241,000 after purchasing an additional 69 shares during the period. Good Life Advisors LLC boosted its stake in Welltower by 1.2% during the first quarter. Good Life Advisors LLC now owns 5,744 shares of the real estate investment trust's stock valued at $880,000 after buying an additional 69 shares during the period. Sivia Capital Partners LLC boosted its stake in Welltower by 4.3% during the first quarter. Sivia Capital Partners LLC now owns 1,783 shares of the real estate investment trust's stock valued at $273,000 after buying an additional 73 shares during the period. Sound View Wealth Advisors Group LLC grew its position in Welltower by 2.0% during the first quarter. Sound View Wealth Advisors Group LLC now owns 3,644 shares of the real estate investment trust's stock worth $558,000 after buying an additional 73 shares in the last quarter. Finally, Premier Path Wealth Partners LLC increased its stake in 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. 94.80% of the stock is currently owned by institutional investors.

Welltower Trading Up 0.1%

Shares of WELL stock traded up $0.10 on Friday, hitting $167.78. 2,700,826 shares of the company's stock traded hands, compared to its average volume of 2,148,620. The company has a debt-to-equity ratio of 0.44, a quick ratio of 4.19 and a current ratio of 4.19. The stock has a market capitalization of $112.22 billion, a price-to-earnings ratio of 94.79, a P/E/G ratio of 1.89 and a beta of 0.93. The company's fifty day simple moving average is $162.15 and its 200 day simple moving average is $153.82. Welltower Inc. has a one year low of $122.34 and a one year high of $171.09.

Welltower (NYSE:WELL - Get Free Report) last announced its quarterly earnings data on Monday, July 28th. The real estate investment trust reported $1.28 earnings per share (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%.The company's revenue for the quarter was up 39.6% compared to the same quarter last year. During the same period last year, the firm earned $1.05 earnings per share. Welltower has set its FY 2025 guidance at 5.060-5.14 EPS. Equities analysts forecast that Welltower Inc. will post 4.88 EPS for the current year.

Welltower Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 21st. Shareholders of record on Tuesday, August 12th were given a $0.74 dividend. The ex-dividend date was Tuesday, August 12th. This is an increase from Welltower's previous quarterly dividend of $0.67. This represents a $2.96 annualized dividend and a yield of 1.8%. Welltower's dividend payout ratio is presently 167.23%.

Insiders Place Their Bets

In related news, Director Andrew Gundlach acquired 20,000 shares of the company's stock in a transaction dated Monday, June 30th. The stock was purchased at an average price 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 in the company, valued at $3,029,200. This trade represents a ∞ increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.21% of the company's stock.

Analyst Ratings Changes

Several research firms have weighed in on WELL. Scotiabank raised their price target on Welltower from $172.00 to $181.00 and gave the company an "outperform" rating in a report on Thursday, August 28th. Wells Fargo & Company raised their target price on shares of Welltower from $175.00 to $185.00 and gave the company an "overweight" rating in a research note on Wednesday, August 27th. Evercore ISI lifted their target price 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. Finally, Raymond James Financial reissued a "strong-buy" rating on shares of Welltower in a research note on Tuesday, September 2nd. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus 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.