Erste Asset Management GmbH Has $13.15 Million Holdings in Welltower Inc. $WELL

Key Points

• Erste Asset Management GmbH increased its holdings in Welltower Inc. by 73.8% in Q1, bringing its total ownership to 85,735 shares, valued at approximately $13 million.
• Welltower's quarterly dividend was increased from $0.67 to $0.74 per share, with an upcoming ex-dividend date on August 12.
• Analysts have positive outlooks for Welltower, with revised price targets ranging from $160 to $175 and a consensus rating of "Moderate Buy."

Erste Asset Management GmbH grew its stake in Welltower Inc. (NYSE:WELL - Free Report) by 73.8% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 85,735 shares of the real estate investment trust's stock after acquiring an additional 36,407 shares during the period. Erste Asset Management GmbH's holdings in Welltower were worth $13,153,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. LPL Financial LLC raised its stake in shares of Welltower by 3.9% in the first quarter. LPL Financial LLC now owns 258,052 shares of the real estate investment trust's stock worth $39,536,000 after acquiring an additional 9,678 shares during the last quarter. Beacon Financial Planning Inc. raised its stake in shares of Welltower by 6.8% in the first quarter. Beacon Financial Planning Inc. now owns 27,893 shares of the real estate investment trust's stock worth $4,274,000 after acquiring an additional 1,780 shares during the last quarter. Summit Trail Advisors LLC raised its stake in shares of Welltower by 61.4% in the first quarter. Summit Trail Advisors LLC now owns 6,756 shares of the real estate investment trust's stock worth $1,035,000 after acquiring an additional 2,571 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its stake in shares of Welltower by 8.6% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 131,503 shares of the real estate investment trust's stock worth $20,147,000 after acquiring an additional 10,423 shares during the last quarter. Finally, Focused Wealth Management Inc bought a new position in shares of Welltower in the first quarter worth about $313,000. 94.80% of the stock is owned by institutional investors.

Analyst Ratings Changes

WELL has been the subject of a number of research analyst reports. Morgan Stanley boosted their target price on shares of Welltower from $155.00 to $160.00 and gave the stock an "overweight" rating in a research note on Tuesday, May 6th. Wall Street Zen downgraded shares of Welltower from a "hold" rating to a "sell" rating in a research note on Thursday, May 8th. Wells Fargo & Company boosted their price target on shares of Welltower from $158.00 to $175.00 and gave the stock an "overweight" rating in a research note on Monday, June 2nd. Evercore ISI boosted their price target on shares of Welltower from $162.00 to $175.00 and gave the stock an "in-line" rating in a research note on Wednesday, July 30th. Finally, Scotiabank reissued an "outperform" rating on shares of Welltower in a research note on Monday, June 23rd. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $173.10.

Insider Buying and Selling at Welltower

In related news, Director Andrew Gundlach purchased 20,000 shares of Welltower stock in a transaction dated 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 acquisition, the director directly owned 20,000 shares of the company's stock, valued at $3,029,200. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.21% of the stock is owned by company insiders.

Welltower Trading Down 1.6%

NYSE:WELL traded down $2.7420 during trading hours on Friday, hitting $164.1980. The stock had a trading volume of 2,798,425 shares, compared to its average volume of 2,527,304. Welltower Inc. has a one year low of $118.00 and a one year 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. The company has a market cap of $109.82 billion, a price-to-earnings ratio of 92.77, a P/E/G ratio of 1.86 and a beta of 0.93. The business's 50 day moving average is $159.24 and its 200-day moving average is $152.40.

Welltower (NYSE:WELL - Get Free Report) last issued its earnings results on Monday, July 28th. The real estate investment trust reported $1.28 EPS for the quarter, beating the consensus estimate of $1.22 by $0.06. Welltower had a net margin of 12.18% and a return on equity of 3.38%. The firm had revenue of $2.55 billion during the quarter, compared to the consensus estimate of $2.49 billion. During the same quarter in the prior year, the firm earned $1.05 earnings per share. The business's quarterly revenue was up 39.6% on a year-over-year basis. Welltower has set its FY 2025 guidance at 5.060-5.14 EPS. Sell-side analysts anticipate that Welltower Inc. will post 4.88 EPS for the current fiscal year.

Welltower Increases Dividend

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

Welltower Company 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.