XTX Topco Ltd Invests $5.18 Million in Welltower Inc. (NYSE:WELL)

Key Points

• XTX Topco Ltd acquired 33,784 shares of Welltower Inc., valued at approximately $5,176,000, during the first quarter of the year.
• Welltower reported a quarterly earnings per share (EPS) of $1.28, surpassing the consensus estimate of $1.22, with a revenue of $2.55 billion.
• The company has announced a quarterly dividend increase to $0.74 per share, representing an annualized dividend of $2.96 and a yield of 1.87%.

XTX Topco Ltd purchased a new stake in Welltower Inc. (NYSE:WELL - Free Report) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 33,784 shares of the real estate investment trust's stock, valued at approximately $5,176,000.

A number of other hedge funds also recently made changes to their positions in the stock. Harbor Capital Advisors Inc. bought a new position in Welltower during the 1st quarter worth approximately $28,000. Smallwood Wealth Investment Management LLC bought a new position in Welltower during the 1st quarter worth approximately $28,000. Hughes Financial Services LLC bought a new stake in shares of Welltower in the 1st quarter valued at $31,000. Franchise Capital Ltd bought a new stake in shares of Welltower in the 1st quarter valued at $32,000. Finally, N.E.W. Advisory Services LLC bought a new stake in shares of Welltower in the 1st quarter valued at $32,000. 94.80% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

WELL has been the subject of several research analyst reports. Wells Fargo & Company lifted their price objective on shares of Welltower from $158.00 to $175.00 and gave the company an "overweight" rating in a research note on Monday, June 2nd. Scotiabank reiterated an "outperform" rating on shares of Welltower in a research note on Monday, June 23rd. Evercore ISI lifted their price objective on shares of Welltower from $162.00 to $175.00 and gave the company an "in-line" rating in a research note on Wednesday. Wall Street Zen lowered shares of Welltower from a "hold" rating to a "sell" rating in a research note on Thursday, May 8th. Finally, Wedbush restated an "underperform" rating on shares of Welltower in a research note on Thursday, April 17th. Two research analysts have rated the stock with a sell rating, one has given a hold rating, eight have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $169.82.

Insider Activity at Welltower

In other Welltower news, Director Andrew Gundlach purchased 20,000 shares of the firm's stock in a transaction on Monday, June 30th. The shares were 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 of the company's stock, valued at $3,029,200. The trade was a ∞ increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.21% of the company's stock.

Welltower Price Performance

Shares of Welltower stock traded up $1.25 on Friday, reaching $166.32. The stock had a trading volume of 2,413,619 shares, compared to its average volume of 2,988,249. The business's 50 day moving average is $154.79 and its two-hundred day moving average is $148.77. The company has a market cap of $108.77 billion, a P/E ratio of 93.97, a price-to-earnings-growth ratio of 1.91 and a beta of 0.92. The company has a current ratio of 4.19, a quick ratio of 4.23 and a debt-to-equity ratio of 0.44. Welltower Inc. has a 1 year low of $110.74 and a 1 year high of $168.84.

Welltower (NYSE:WELL - Get Free Report) last announced its earnings results on Monday, July 28th. The real estate investment trust reported $1.28 earnings per share for the quarter, beating analysts' consensus estimates of $1.22 by $0.06. The business had revenue of $2.55 billion for the quarter, compared to the consensus estimate of $2.49 billion. Welltower had a net margin of 12.18% and a return on equity of 3.38%. Welltower's quarterly revenue was up 39.6% on a year-over-year basis. During the same period last year, the firm posted $1.05 earnings per share. As a group, research analysts anticipate that Welltower Inc. will post 4.88 EPS for the current year.

Welltower Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 21st. Shareholders of record on Tuesday, August 12th will be paid a dividend of $0.74 per share. This represents a $2.96 annualized dividend and a dividend yield of 1.8%. This is a boost from Welltower's previous quarterly dividend of $0.67. The ex-dividend date of this dividend is Tuesday, August 12th. Welltower's payout ratio is 167.23%.

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.