3,108 Welltower Inc. $WELL Shares Purchased by MGO One Seven LLC

MGO One Seven LLC raised its holdings in shares of Welltower Inc. (NYSE:WELL) by 32.5% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 12,657 shares of the real estate investment trust’s stock after purchasing an additional 3,108 shares during the period. MGO One Seven LLC’s holdings in Welltower were worth $2,914,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. BlackRock Inc. boosted its holdings in shares of Welltower by 5.5% in the 2nd quarter. BlackRock Inc. now owns 78,049,214 shares of the real estate investment trust’s stock valued at $17,714,830,000 after buying an additional 4,045,458 shares during the period. State Street Corp raised its stake in Welltower by 1.4% during 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 during the period. Bank of America Corp DE acquired a new stake in Welltower during the second quarter worth about $4,425,089,000. Principal Financial Group Inc. raised its stake in Welltower by 2.2% during the second quarter. Principal Financial Group Inc. now owns 9,814,621 shares of the real estate investment trust’s stock worth $2,227,642,000 after acquiring an additional 207,966 shares during the period. Finally, Dimensional Fund Advisors LP lifted its holdings in Welltower by 0.7% in 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 acquiring an additional 57,938 shares during the last quarter. 94.80% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Welltower

In other Welltower news, Director Andrew Gundlach purchased 5,000 shares of the business’s stock in a transaction dated Wednesday, August 26th. The shares were bought at an average price 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 approximately $7,261,800. This represents a 20.00% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 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.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on WELL shares. Cantor Fitzgerald cut their target price on shares of Welltower from $260.00 to $258.00 and set an “overweight” rating on the stock in a report on Thursday, October 29th. Royal Bank Of Canada upped their target price on Welltower from $238.00 to $260.00 and gave the company an “outperform” rating in a report on Monday, August 3rd. Scotiabank increased their price target on Welltower from $244.00 to $251.00 and gave the stock an “outperform” rating in a research report on Wednesday, September 2nd. Citigroup increased their price target on Welltower from $255.00 to $275.00 and gave the stock a “buy” rating in a research report on Friday, July 31st. Finally, UBS Group reissued a “buy” rating and issued a $269.00 price target on shares of Welltower in a report on Tuesday, October 27th. One analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $259.81.

Welltower Stock Up 0.9%

Welltower stock opened at $241.10 on Wednesday. The company has a 50-day simple moving average of $233.51 and a 200-day simple moving average of $218.75. The firm has a market capitalization of $176.88 billion, a P/E ratio of 104.37, a P/E/G ratio of 1.15 and a beta of 0.79. 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 Inc. has a one year low of $180.97 and a one year high of $255.20.

Welltower (NYSE:WELL) last released its quarterly earnings data on Monday, October 26th. The real estate investment trust reported $1.67 earnings per share for the quarter, topping analysts’ consensus estimates of $1.64 by $0.03. The business had revenue of $3.72 billion for the quarter, compared to analysts’ expectations of $3.64 billion. Welltower had a net margin of 12.08% and a return on equity of 3.61%. The company’s revenue for the quarter was up 38.4% compared to the same quarter last year. During the same quarter last year, the company earned $1.34 EPS. As a group, equities analysts expect that Welltower Inc. will post 6.51 earnings per share for the current year.

Welltower Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, November 19th. Shareholders of record on Tuesday, November 10th will be paid a $0.85 dividend. The ex-dividend date is Tuesday, November 10th. This represents a $3.40 annualized dividend and a dividend yield of 1.4%. Welltower’s dividend payout ratio (DPR) is presently 147.19%.

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.