Caisse DE Depot ET Placement DU Quebec Has $26.82 Million Holdings in Welltower Inc. $WELL

Key Points

• Caisse DE Depot ET Placement DU Quebec reduced its stake in Welltower Inc. by 4.9%, now holding 175,058 shares worth approximately $26.82 million as of the latest SEC filing.
• Welltower announced an increase in its quarterly dividend to $0.74 per share, up from $0.67, representing an annualized dividend of $2.96 and a yield of 1.8%.
• The company's recent earnings report showed a 39.6% year-over-year revenue growth, reaching $2.55 billion, alongside a beat on EPS estimates, reporting $1.28 compared to the consensus of $1.22.

Caisse DE Depot ET Placement DU Quebec cut its position in Welltower Inc. (NYSE:WELL - Free Report) by 4.9% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 175,058 shares of the real estate investment trust's stock after selling 9,042 shares during the quarter. Caisse DE Depot ET Placement DU Quebec's holdings in Welltower were worth $26,821,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in WELL. LPL Financial LLC lifted its position in shares of Welltower by 3.9% during the 1st quarter. LPL Financial LLC now owns 258,052 shares of the real estate investment trust's stock valued at $39,536,000 after acquiring an additional 9,678 shares during the period. Beacon Financial Planning Inc. lifted its position in shares of Welltower by 6.8% during the 1st quarter. Beacon Financial Planning Inc. now owns 27,893 shares of the real estate investment trust's stock valued at $4,274,000 after acquiring an additional 1,780 shares during the period. Summit Trail Advisors LLC lifted its position in shares of Welltower by 61.4% during the 1st quarter. Summit Trail Advisors LLC now owns 6,756 shares of the real estate investment trust's stock valued at $1,035,000 after acquiring an additional 2,571 shares during the period. Cbre Investment Management Listed Real Assets LLC lifted its position in shares of Welltower by 55.6% during the 1st quarter. Cbre Investment Management Listed Real Assets LLC now owns 3,013,247 shares of the real estate investment trust's stock valued at $461,660,000 after acquiring an additional 1,076,293 shares during the period. Finally, Wealth Enhancement Advisory Services LLC lifted its position in shares of Welltower by 8.6% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 131,503 shares of the real estate investment trust's stock valued at $20,147,000 after acquiring an additional 10,423 shares during the period. 94.80% of the stock is currently owned by institutional investors.

Insider Activity at Welltower

In related news, Director Andrew Gundlach purchased 20,000 shares of Welltower stock in a transaction on Monday, June 30th. The shares were purchased at an average price of $151.46 per share, for a total transaction of $3,029,200.00. Following the transaction, the director owned 20,000 shares of the company's stock, valued at approximately $3,029,200. This represents a ∞ increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. Company insiders own 0.21% of the company's stock.

Wall Street Analyst Weigh In

WELL has been the subject of a number of research analyst reports. Wells Fargo & Company boosted their price target on Welltower from $175.00 to $185.00 and gave the stock an "overweight" rating in a report on Wednesday. Morgan Stanley boosted their price target on Welltower from $155.00 to $160.00 and gave the stock an "overweight" rating in a report on Tuesday, May 6th. Evercore ISI boosted their price target on Welltower from $162.00 to $175.00 and gave the stock an "in-line" rating in a report on Wednesday, July 30th. Wall Street Zen cut Welltower from a "hold" rating to a "sell" rating in a report on Thursday, May 8th. Finally, Scotiabank reissued an "outperform" rating on shares of Welltower in a report on Thursday. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $175.00.

Welltower Price Performance

WELL traded up $0.97 on Friday, reaching $168.37. The stock had a trading volume of 1,689,650 shares, compared to its average volume of 2,390,739. Welltower Inc. has a fifty-two week low of $119.93 and a fifty-two week high of $171.09. The firm has a 50-day moving average of $160.73 and a 200-day moving average of $153.21. The company has a current ratio of 4.19, a quick ratio of 4.19 and a debt-to-equity ratio of 0.44. The company has a market capitalization of $112.61 billion, a price-to-earnings ratio of 95.13, a price-to-earnings-growth ratio of 1.90 and a beta of 0.93.

Welltower (NYSE:WELL - Get Free Report) last released its quarterly 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. Welltower had a return on equity of 3.38% and a net margin of 12.18%.The firm had revenue of $2.55 billion for the quarter, compared to analyst estimates of $2.49 billion. During the same quarter in the previous year, the company posted $1.05 EPS. The business's revenue was up 39.6% on a year-over-year basis. Welltower has set its FY 2025 guidance at 5.060-5.14 EPS. As a group, sell-side analysts anticipate that Welltower Inc. will post 4.88 EPS for the current year.

Welltower Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, August 21st. Shareholders of record on Tuesday, August 12th were given a $0.74 dividend. 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 dividend yield of 1.8%. Welltower's dividend payout ratio is presently 167.23%.

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.