Welltower Inc. $WELL Shares Sold by Patton Fund Management Inc.

Key Points

• Patton Fund Management Inc. reduced its stake in Welltower Inc. by 45%, leaving the firm with 21,846 shares valued at approximately $3.36 million.
• Welltower announced a quarterly dividend increase to $0.74, resulting in a 1.7% yield and a dividend payout ratio of 167.23%.
• Welltower recently reported strong earnings for the quarter, with an EPS of $1.28, exceeding analyst expectations, and year-over-year revenue growth of 39.6%.

Patton Fund Management Inc. cut its position in shares of Welltower Inc. (NYSE:WELL - Free Report) by 45.0% during the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 21,846 shares of the real estate investment trust's stock after selling 17,865 shares during the quarter. Welltower accounts for 2.4% of Patton Fund Management Inc.'s portfolio, making the stock its 26th largest position. Patton Fund Management Inc.'s holdings in Welltower were worth $3,358,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. SouthState Corp grew its position in 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 purchasing an additional 148 shares in the last quarter. Wealth Preservation Advisors LLC acquired a new stake in shares of Welltower during the 1st quarter valued at $27,000. Harbor Capital Advisors Inc. acquired a new stake in Welltower during the first quarter valued at $28,000. Smallwood Wealth Investment Management LLC acquired a new stake in shares of Welltower during the 1st quarter valued at about $28,000. Finally, Hughes Financial Services LLC acquired a new stake in shares of Welltower in the 1st quarter valued at $31,000. Hedge funds and other institutional investors own 94.80% of the company's stock.

Welltower Trading Up 1.9%

Welltower stock opened at $174.90 on Friday. The business has a 50 day moving average price of $166.49 and a two-hundred day moving average price of $155.66. 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 stock has a market cap of $116.98 billion, a price-to-earnings ratio of 98.81, a price-to-earnings-growth ratio of 1.93 and a beta of 0.93. Welltower Inc. has a 12 month low of $122.34 and a 12 month high of $175.10.

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 analysts' consensus estimates of $1.22 by $0.06. The business had revenue of $2.55 billion during the quarter, compared to analyst estimates of $2.49 billion. Welltower had a return on equity of 3.38% and a net margin of 12.18%.Welltower's revenue was up 39.6% on a year-over-year basis. During the same period in the prior year, the company posted $1.05 earnings per share. Welltower has set its FY 2025 guidance at 5.060-5.14 EPS. As a group, equities analysts forecast that Welltower Inc. will post 4.88 EPS for the current year.

Welltower Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 21st. Investors of record on Tuesday, August 12th were given a $0.74 dividend. This represents a $2.96 annualized dividend and a yield of 1.7%. This is a boost from Welltower's previous quarterly dividend of $0.67. The ex-dividend date of this dividend was Tuesday, August 12th. Welltower's dividend payout ratio (DPR) is currently 167.23%.

Analysts Set New Price Targets

WELL has been the subject of several analyst reports. UBS Group initiated coverage on Welltower in a report on Friday, September 19th. They issued a "buy" rating and a $195.00 target price for the company. Scotiabank boosted their price objective on shares of Welltower from $172.00 to $181.00 and gave the stock an "outperform" rating in a research note on Thursday, August 28th. Evercore ISI boosted their target price on shares of Welltower from $175.00 to $183.00 and gave the stock an "in-line" rating in a research report on Monday, September 15th. Wells Fargo & Company boosted their target price on shares of Welltower from $175.00 to $185.00 and gave the stock an "overweight" rating in a research report on Wednesday, August 27th. Finally, KeyCorp boosted their price objective on Welltower from $150.00 to $200.00 and gave the stock an "overweight" rating in a research report on Tuesday. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Welltower has an average rating of "Moderate Buy" and an average target price of $179.42.

Insider Transactions at Welltower

In other Welltower news, Director Andrew Gundlach purchased 20,000 shares of the company's stock in a transaction that occurred on 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 transaction, the director directly owned 20,000 shares of the company's stock, valued at approximately $3,029,200. This trade represents a ∞ increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.21% of the stock is owned by company insiders.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.