Trek Financial LLC purchased a new position in Welltower Inc. (NYSE:WELL – Free Report) during the 3rd quarter, HoldingsChannel.com reports. The fund purchased 23,073 shares of the real estate investment trust’s stock, valued at approximately $5,312,000.
Other institutional investors also recently made changes to their positions in the company. NewEdge Advisors LLC lifted its holdings in shares of Welltower by 13.0% in the second quarter. NewEdge Advisors LLC now owns 238,162 shares of the real estate investment trust’s stock valued at $54,056,000 after buying an additional 27,345 shares during the period. Dimensional Fund Advisors LP boosted its holdings in shares of Welltower by 0.7% during the first quarter. Dimensional Fund Advisors LP now owns 8,345,022 shares of the real estate investment trust’s stock worth $1,649,844,000 after purchasing an additional 57,938 shares during the period. Envestnet Asset Management Inc. lifted its position in Welltower by 9.4% in the 2nd quarter. Envestnet Asset Management Inc. now owns 916,367 shares of the real estate investment trust’s stock worth $207,986,000 after buying an additional 79,088 shares in the last quarter. Swiss National Bank raised its holdings in shares of Welltower by 9.9% during the first quarter. Swiss National Bank now owns 2,014,200 shares of the real estate investment trust’s stock worth $398,227,000 after acquiring an additional 181,400 shares in the last quarter. Finally, State Street Corp grew its position in Welltower by 1.4% in the second quarter. State Street Corp now owns 42,138,810 shares of the real estate investment trust’s stock worth $9,564,246,000 after acquiring an additional 578,033 shares in the last quarter. 94.80% of the stock is owned by institutional investors.
Analyst Upgrades and Downgrades
A number of analysts have weighed in on WELL shares. KeyCorp boosted their price target on Welltower from $240.00 to $275.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 4th. BMO Capital Markets lifted their price target on shares of Welltower from $245.00 to $265.00 and gave the company an “outperform” rating in a research report on Monday, August 3rd. Wells Fargo & Company upped their price objective on shares of Welltower from $266.00 to $268.00 and gave the stock an “overweight” rating in a report on Monday, October 19th. Raymond James Financial reissued an “outperform” rating and set a $263.00 price objective on shares of Welltower in a research report on Thursday. Finally, Scotiabank raised their price target on shares of Welltower from $244.00 to $251.00 and gave the stock an “outperform” rating in a research report on Wednesday, September 2nd. One research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $259.81.
Check Out Our Latest Research Report on WELL
Insider Activity at Welltower
In related news, Director Andrew Gundlach acquired 5,000 shares of the business’s stock in a transaction on Wednesday, August 26th. The stock was bought at an average cost of $242.06 per share, with a total value of $1,210,300.00. Following the completion of the acquisition, the director owned 30,000 shares in the company, valued at $7,261,800. The trade was a 20.00% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Purchased indirectly through two trusts. The transaction was executed in multiple trades at prices ranging from $241.59 to $242.59. The reported $242.06 price is the weighted-average purchase price. 0.37% of the stock is owned by company insiders.
Welltower Price Performance
NYSE:WELL opened at $234.43 on Monday. The company has a 50-day moving average of $233.51 and a 200-day moving average of $218.24. The company has a market capitalization of $171.98 billion, a price-to-earnings ratio of 101.48, a PEG ratio of 1.13 and a beta of 0.79. Welltower Inc. has a 52 week low of $178.19 and a 52 week high of $255.20. The company has a debt-to-equity ratio of 0.39, a quick ratio of 3.16 and a current ratio of 3.16.
Welltower (NYSE:WELL – Get Free Report) last posted its earnings results on Monday, October 26th. The real estate investment trust reported $1.67 earnings per share for the quarter, beating analysts’ consensus estimates of $1.64 by $0.03. Welltower had a net margin of 12.08% and a return on equity of 3.61%. The business had revenue of $3.72 billion for the quarter, compared to analysts’ expectations of $3.64 billion. During the same quarter in the previous year, the firm posted $1.34 earnings per share. The firm’s revenue for the quarter was up 38.4% on a year-over-year basis. As a group, equities research analysts anticipate that Welltower Inc. will post 6.49 earnings per share for the current fiscal year.
Welltower Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Thursday, November 19th. Stockholders of record on Tuesday, November 10th will be issued a $0.85 dividend. The ex-dividend date of this dividend is Tuesday, November 10th. This represents a $3.40 dividend on an annualized basis and a dividend yield of 1.5%. Welltower’s dividend payout ratio is presently 147.19%.
Welltower Company Profile
Welltower Inc (NYSE: WELL) is a healthcare-focused real estate investment trust that owns, develops, and manages properties used to provide healthcare and related services. Its portfolio is centered on senior housing communities, outpatient medical facilities, and post-acute care properties, including assets operated by healthcare providers and senior living companies.
The company’s senior housing investments support independent living, assisted living, and memory care services. Its outpatient medical properties accommodate physicians, clinics, and other healthcare providers, while its broader healthcare real estate portfolio is designed to serve demand for care delivered outside traditional hospitals.
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