Welltower Inc. $WELL Holdings Increased by One Way Holdings LLC

One Way Holdings LLC boosted its holdings in shares of Welltower Inc. (NYSE:WELL) by 7.8% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 88,494 shares of the real estate investment trust’s stock after buying an additional 6,423 shares during the period. One Way Holdings LLC’s holdings in Welltower were worth $20,375,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in WELL. NewEdge Advisors LLC lifted its holdings in shares of Welltower by 13.0% during the 2nd quarter. NewEdge Advisors LLC now owns 238,162 shares of the real estate investment trust’s stock worth $54,056,000 after acquiring an additional 27,345 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in Welltower by 0.7% during the 1st quarter. Dimensional Fund Advisors LP now owns 8,345,022 shares of the real estate investment trust’s stock valued at $1,649,844,000 after buying an additional 57,938 shares during the last quarter. Envestnet Asset Management Inc. grew its stake in shares of Welltower by 9.4% in the second quarter. Envestnet Asset Management Inc. now owns 916,367 shares of the real estate investment trust’s stock worth $207,986,000 after purchasing an additional 79,088 shares during the last quarter. Swiss National Bank grew its position in shares of Welltower by 9.9% in the 1st quarter. Swiss National Bank now owns 2,014,200 shares of the real estate investment trust’s stock worth $398,227,000 after buying an additional 181,400 shares during the last quarter. Finally, State Street Corp increased its position in Welltower by 1.4% during the 2nd quarter. State Street Corp now owns 42,138,810 shares of the real estate investment trust’s stock valued at $9,564,246,000 after purchasing an additional 578,033 shares during the period. 94.80% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Welltower

In other Welltower news, Director Andrew Gundlach purchased 5,000 shares of the stock in a transaction that occurred on Wednesday, August 26th. The stock was purchased at an average price of $242.06 per share, with a total value of $1,210,300.00. Following the acquisition, the director owned 30,000 shares in the company, valued at approximately $7,261,800. The trade was a 20.00% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 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. Insiders own 0.37% of the company’s stock.

Welltower Price Performance

NYSE WELL opened at $234.43 on Monday. 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. The stock has a 50-day moving average of $233.51 and a 200 day moving average of $218.24. Welltower Inc. has a one year low of $178.19 and a one year 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) last announced its quarterly earnings results on Monday, October 26th. The real estate investment trust reported $1.67 EPS for the quarter, beating analysts’ consensus estimates of $1.64 by $0.03. Welltower had a return on equity of 3.61% and a net margin of 12.08%. The company had revenue of $3.72 billion during the quarter, compared to analyst estimates of $3.64 billion. During the same period in the prior year, the company earned $1.34 earnings per share. The firm’s revenue was up 38.4% on a year-over-year basis. On average, sell-side analysts forecast that Welltower Inc. will post 6.49 EPS for the current year.

Welltower Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, November 19th. Stockholders of record on Tuesday, November 10th will be given a dividend of $0.85 per share. This represents a $3.40 annualized dividend and a dividend yield of 1.5%. The ex-dividend date is Tuesday, November 10th. Welltower’s dividend payout ratio is currently 147.19%.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. Scotiabank upped their target price 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. JPMorgan Chase & Co. raised shares of Welltower from a “neutral” rating to an “overweight” rating and boosted their price objective for the stock from $230.00 to $260.00 in a research note on Thursday, September 24th. BMO Capital Markets upped their price objective on shares of Welltower from $245.00 to $265.00 and gave the stock an “outperform” rating in a report on Monday, August 3rd. Citigroup raised their target price on shares of Welltower from $255.00 to $275.00 and gave the company a “buy” rating in a research note on Friday, July 31st. Finally, Mizuho lifted their target price on shares of Welltower from $239.00 to $260.00 and gave the company an “outperform” rating in a report on Wednesday, July 22nd. One research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $259.81.

Welltower 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.