Adage Capital Partners GP L.L.C. Has $77.46 Million Stock Position in Welltower Inc. $WELL

Key Points

• Adage Capital Partners GP L.L.C. reduced its stake in Welltower Inc. by 21.3%, selling 137,100 shares and holding 505,606 shares at the end of the quarter.
• Welltower reported a 39.6% increase in revenue year-over-year, with quarterly earnings of $1.28 EPS, surpassing analyst expectations.
• The company's dividend was increased to $0.74 per share, with a yield of 1.8%, up from the previous dividend of $0.67.

Adage Capital Partners GP L.L.C. lessened its stake in shares of Welltower Inc. (NYSE:WELL - Free Report) by 21.3% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 505,606 shares of the real estate investment trust's stock after selling 137,100 shares during the period. Adage Capital Partners GP L.L.C. owned 0.08% of Welltower worth $77,464,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in WELL. Geller Advisors LLC increased its stake in shares of Welltower by 3.7% in the 4th quarter. Geller Advisors LLC now owns 1,911 shares of the real estate investment trust's stock valued at $241,000 after acquiring an additional 69 shares during the last quarter. Good Life Advisors LLC increased its stake in shares of 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 acquiring an additional 69 shares during 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 valued at $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 valued at $558,000 after acquiring an additional 73 shares during the last quarter. Finally, 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 valued at $678,000 after acquiring an additional 77 shares during the last quarter. Institutional investors and hedge funds own 94.80% of the company's stock.

Insider Transactions at Welltower

In other Welltower news, Director Andrew Gundlach purchased 20,000 shares of the business's stock in a transaction on Monday, June 30th. The stock was acquired at an average price of $151.46 per share, with a total value of $3,029,200.00. Following 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 position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 0.21% of the stock is owned by corporate insiders.

Welltower Stock Up 0.1%

Shares of NYSE:WELL traded up $0.10 during midday trading on Friday, hitting $167.78. The stock had a trading volume of 2,700,826 shares, compared to its average volume of 2,112,706. Welltower Inc. has a 12 month low of $122.34 and a 12 month high of $171.09. The company has a quick ratio of 4.19, a current ratio of 4.19 and a debt-to-equity ratio of 0.44. The business's 50-day simple moving average is $162.15 and its 200-day simple moving average is $153.79. The company has a market cap of $112.22 billion, a P/E ratio of 94.79, a PEG ratio of 1.89 and a beta of 0.93.

Welltower (NYSE:WELL - Get Free Report) last announced its quarterly earnings results on Monday, July 28th. The real estate investment trust reported $1.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.22 by $0.06. Welltower had a return on equity of 3.38% and a net margin of 12.18%.The business had revenue of $2.55 billion during the quarter, compared to the consensus estimate of $2.49 billion. During the same quarter last year, the firm posted $1.05 EPS. The company'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. On average, sell-side analysts forecast that Welltower Inc. will post 4.88 earnings per share for the current fiscal year.

Welltower Increases Dividend

The firm also recently declared 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. The ex-dividend date of this dividend was Tuesday, August 12th. This represents a $2.96 annualized dividend and a yield of 1.8%. This is a positive change from Welltower's previous quarterly dividend of $0.67. Welltower's payout ratio is 167.23%.

Analyst Ratings Changes

A number of research firms recently issued reports on WELL. Wall Street Zen downgraded shares of Welltower from a "hold" rating to a "sell" rating in a report on Thursday, May 8th. Evercore ISI raised their target price on shares of Welltower from $162.00 to $175.00 and gave the stock an "in-line" rating in a report on Wednesday, July 30th. Scotiabank raised their target price on shares of Welltower from $172.00 to $181.00 and gave the stock an "outperform" rating in a report on Thursday, August 28th. Raymond James Financial restated a "strong-buy" rating on shares of Welltower in a report on Tuesday. Finally, Wells Fargo & Company raised their target price on shares of Welltower from $175.00 to $185.00 and gave the stock an "overweight" rating in a report on Wednesday, August 27th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, Welltower presently has a consensus rating of "Moderate Buy" and a consensus price target of $175.00.

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.