Western Financial Corp CA Invests $1.80 Million in Welltower Inc. $WELL

Key Points

• Western Financial Corp CA invested approximately $1.80 million in Welltower Inc, acquiring 11,674 shares, which now make up 1% of their investment portfolio.
• Welltower recently reported quarterly earnings of $1.28 per share, beating estimates by $0.06, and showed a revenue increase of 39.6% year-over-year.
• The company also announced a quarterly dividend increase from $0.67 to $0.74 per share, reflecting its commitment to returning value to shareholders.

Western Financial Corp CA purchased a new position in shares of Welltower Inc. (NYSE:WELL - Free Report) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 11,674 shares of the real estate investment trust's stock, valued at approximately $1,795,000. Welltower accounts for 1.0% of Western Financial Corp CA's investment portfolio, making the stock its 29th largest holding.

A number of other hedge funds also recently modified their holdings of WELL. Brighton Jones LLC lifted its holdings in shares of 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 purchasing an additional 279 shares during the period. Wealth Enhancement Advisory Services LLC lifted its holdings in Welltower by 0.8% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 121,080 shares of the real estate investment trust's stock valued at $15,260,000 after buying an additional 946 shares during the period. MassMutual Private Wealth & Trust FSB lifted its holdings in Welltower by 14.1% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 2,406 shares of the real estate investment trust's stock valued at $369,000 after buying an additional 297 shares during the period. Versant Capital Management Inc lifted its holdings in Welltower by 27.0% in the first quarter. Versant Capital Management Inc now owns 381 shares of the real estate investment trust's stock valued at $58,000 after buying an additional 81 shares during the period. Finally, Agate Pass Investment Management LLC lifted its holdings in Welltower by 40.1% in the first quarter. Agate Pass Investment Management LLC now owns 9,685 shares of the real estate investment trust's stock valued at $1,484,000 after buying an additional 2,770 shares during the period. Institutional investors and hedge funds own 94.80% of the company's stock.

Insider Buying and Selling at Welltower

In other Welltower news, Director Andrew Gundlach bought 20,000 shares of the firm's stock in a transaction dated Monday, June 30th. The stock was bought at an average cost 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 in the company, valued at approximately $3,029,200. The trade was a ∞ increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. Corporate insiders own 0.21% of the company's stock.

Welltower Price Performance

Shares of NYSE WELL opened at $174.90 on Friday. The firm's 50-day moving average price is $166.49 and its 200-day moving average price is $155.66. Welltower Inc. has a 1-year low of $122.34 and a 1-year high of $175.10. The firm has a market capitalization of $116.98 billion, a P/E ratio of 98.81, a P/E/G ratio of 1.93 and a beta of 0.93. The company has a current ratio of 4.19, a quick ratio of 4.19 and a debt-to-equity ratio of 0.44.

Welltower (NYSE:WELL - Get Free Report) last announced its quarterly earnings data on Monday, July 28th. The real estate investment trust reported $1.28 earnings per share 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 for the quarter, compared to analyst estimates of $2.49 billion. During the same quarter in the prior year, the business earned $1.05 earnings per share. The business's quarterly revenue was up 39.6% compared to the same quarter last year. Welltower has set its FY 2025 guidance at 5.060-5.14 EPS. Equities research analysts anticipate that Welltower Inc. will post 4.88 earnings per share for the current fiscal year.

Welltower Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 21st. Stockholders of record on Tuesday, August 12th were issued a dividend of $0.74 per share. This is an increase from Welltower's previous quarterly dividend of $0.67. This represents a $2.96 annualized dividend and a dividend yield of 1.7%. The ex-dividend date was Tuesday, August 12th. Welltower's dividend payout ratio (DPR) is currently 167.23%.

Analyst Ratings Changes

Several equities analysts recently issued reports on the stock. Raymond James Financial restated a "strong-buy" rating on shares of Welltower in a report on Tuesday, September 2nd. Evercore ISI boosted their target price on shares of Welltower from $175.00 to $183.00 and gave the company an "in-line" rating in a report on Monday, September 15th. KeyCorp boosted their target price on shares of Welltower from $150.00 to $200.00 and gave the company an "overweight" rating in a report on Tuesday. UBS Group assumed coverage on shares of Welltower in a report on Friday, September 19th. They issued a "buy" rating and a $195.00 target price on the stock. Finally, Wells Fargo & Company boosted their target price on shares of Welltower from $175.00 to $185.00 and gave the company an "overweight" rating in a report on Wednesday, August 27th. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, one has given a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, Welltower presently has an average rating of "Moderate Buy" and an average target price of $179.42.

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.

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