Woodline Partners LP Has $7.86 Million Stock Position in Welltower Inc. $WELL

Key Points

• Woodline Partners LP increased its investment in Welltower Inc. by 45.1%, now holding 51,324 shares worth approximately $7.86 million.
• Welltower recently reported $1.28 earnings per share for the last quarter, exceeding analysts' estimates and marking a 39.6% increase in revenue compared to the same period the previous year.
• The company declared a quarterly dividend of $0.74, up from $0.67, resulting in an annualized yield of 1.8% for shareholders.

Woodline Partners LP raised its stake in Welltower Inc. (NYSE:WELL - Free Report) by 45.1% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 51,324 shares of the real estate investment trust's stock after buying an additional 15,947 shares during the period. Woodline Partners LP's holdings in Welltower were worth $7,863,000 at the end of the most recent quarter.

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. Focus Partners Wealth lifted its holdings in shares of Welltower by 74.9% during the fourth quarter. Focus Partners Wealth now owns 36,905 shares of the real estate investment trust's stock worth $4,809,000 after purchasing an additional 15,808 shares during the period. LMR Partners LLP acquired a new position in shares of Welltower during the fourth quarter worth $468,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of Welltower by 4.9% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 83,383 shares of the real estate investment trust's stock worth $10,509,000 after purchasing an additional 3,874 shares during the period. Finally, OMERS ADMINISTRATION Corp lifted its holdings in shares of Welltower by 22.0% during the fourth quarter. OMERS ADMINISTRATION Corp now owns 23,491 shares of the real estate investment trust's stock worth $2,961,000 after purchasing an additional 4,232 shares during the period. Institutional investors and hedge funds own 94.80% of the company's stock.

Insiders Place Their Bets

In related news, Director Andrew Gundlach purchased 20,000 shares of the firm's stock in a transaction on Monday, June 30th. The stock was purchased at an average cost of $151.46 per share, with a total value of $3,029,200.00. Following the completion of the purchase, the director owned 20,000 shares in the company, valued at approximately $3,029,200. This trade represents a ∞ increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.21% of the company's stock.

Welltower Trading Up 0.2%

Shares of WELL stock opened at $168.39 on Friday. The company has a market cap of $112.62 billion, a P/E ratio of 95.14, a PEG ratio of 1.89 and a beta of 0.93. The stock has a 50 day simple moving average of $163.47 and a two-hundred day simple moving average of $154.31. The company has a debt-to-equity ratio of 0.44, a quick ratio of 4.19 and a current ratio of 4.19. Welltower Inc. has a fifty-two week low of $122.34 and a fifty-two week high of $171.09.

Welltower (NYSE:WELL - Get Free Report) last posted its quarterly earnings results 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 during the quarter, compared to the consensus estimate of $2.49 billion. During the same period in the previous year, the firm posted $1.05 earnings per share. The business's 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. Research analysts forecast that Welltower Inc. will post 4.88 earnings per share 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 paid a $0.74 dividend. This represents a $2.96 annualized dividend and a yield of 1.8%. This is an increase from Welltower's previous quarterly dividend of $0.67. The ex-dividend date of this dividend was Tuesday, August 12th. Welltower's payout ratio is presently 167.23%.

Analysts Set New Price Targets

A number of equities analysts have recently commented on WELL shares. Scotiabank lifted their price target 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, September 2nd. Wells Fargo & Company upped their price target on shares of Welltower from $175.00 to $185.00 and gave the company an "overweight" rating in a research report on Wednesday, August 27th. Finally, Evercore ISI upped their price target on shares of Welltower from $162.00 to $175.00 and gave the company an "in-line" rating in a research report on Wednesday, July 30th. One 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 stock. According to MarketBeat, Welltower currently has an average rating of "Moderate Buy" and an average 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.

Want to see what other hedge funds are holding WELL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Welltower Inc. (NYSE:WELL - Free Report).

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.