UMB Bank n.a. Sells 19,796 Shares of Welltower Inc. $WELL

Key Points

• UMB Bank n.a. decreased its stake in Welltower Inc. by 8.9%, owning 202,899 shares worth approximately $31.19 million after selling 19,796 shares in the second quarter.
• Welltower's quarterly dividend has increased from $0.67 to $0.74, representing a 1.8% yield and raising its annualized payout to $2.96.
• Analysts have a consensus rating of "Moderate Buy" for Welltower with an average target price of $177.55, supported by multiple recent upgrades and positive performance in recent earnings.

UMB Bank n.a. lowered its stake in Welltower Inc. (NYSE:WELL - Free Report) by 8.9% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 202,899 shares of the real estate investment trust's stock after selling 19,796 shares during the quarter. UMB Bank n.a.'s holdings in Welltower were worth $31,192,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Brighton Jones LLC raised its holdings in Welltower by 7.1% during the fourth quarter. Brighton Jones LLC now owns 4,185 shares of the real estate investment trust's stock worth $527,000 after buying an additional 279 shares during the last quarter. State of Wyoming purchased a new position in Welltower during the 4th quarter worth $184,000. Woodline Partners LP purchased a new stake in shares of Welltower in the fourth quarter valued at about $4,459,000. Waverly Advisors LLC grew its position in Welltower by 18.6% in the 4th quarter. Waverly Advisors LLC now owns 13,805 shares of the real estate investment trust's stock worth $1,740,000 after purchasing an additional 2,162 shares in the last quarter. Finally, Focus Partners Advisor Solutions LLC lifted its holdings in Welltower by 3.1% during the fourth quarter. Focus Partners Advisor Solutions LLC now owns 5,699 shares of the real estate investment trust's stock worth $718,000 after acquiring an additional 174 shares during the period. Institutional investors own 94.80% of the company's stock.

Insider Activity at Welltower

In other Welltower 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 directly owned 20,000 shares in the company, valued at approximately $3,029,200. The trade was a ∞ increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.21% of the stock is owned by insiders.

Welltower Stock Performance

Shares of NYSE WELL traded up $2.44 during midday trading on Monday, hitting $167.63. 3,535,071 shares of the stock traded hands, compared to its average volume of 2,981,359. The firm has a market capitalization of $112.12 billion, a P/E ratio of 94.71, a PEG ratio of 1.86 and a beta of 0.93. Welltower Inc. has a one year low of $122.34 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 firm has a 50-day moving average of $165.11 and a two-hundred day moving average of $154.92.

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 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 analyst estimates of $2.49 billion. During the same quarter in the prior year, the firm earned $1.05 EPS. The business's revenue for the quarter was up 39.6% compared to the same quarter last year. Welltower has set its FY 2025 guidance at 5.060-5.14 EPS. On average, equities analysts forecast that Welltower Inc. will post 4.88 EPS 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. This is a boost from Welltower's previous quarterly dividend of $0.67. This represents a $2.96 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date of this dividend was Tuesday, August 12th. Welltower's payout ratio is 167.23%.

Wall Street Analysts Forecast Growth

WELL has been the topic of a number of research reports. UBS Group began coverage on shares of Welltower in a report on Friday. They issued a "buy" rating and a $195.00 price target on the stock. Raymond James Financial reaffirmed a "strong-buy" rating on shares of Welltower in a report on Tuesday, September 2nd. Scotiabank lifted their price objective on Welltower from $172.00 to $181.00 and gave the company an "outperform" rating in a research note on Thursday, August 28th. Wells Fargo & Company upped their target price on Welltower from $175.00 to $185.00 and gave the stock an "overweight" rating in a research note on Wednesday, August 27th. Finally, Evercore ISI lifted their target price on shares of Welltower from $175.00 to $183.00 and gave the stock an "in-line" rating in a research note on Monday, September 15th. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Welltower presently has a consensus rating of "Moderate Buy" and an average target price of $177.55.

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.