Welltower Inc. $WELL Shares Sold by Modern Wealth Management LLC

Modern Wealth Management LLC decreased its position in shares of Welltower Inc. (NYSE:WELL) by 12.3% during the 1st quarter, Holdings Channel.com reports. The fund owned 37,052 shares of the real estate investment trust’s stock after selling 5,212 shares during the period. Modern Wealth Management LLC’s holdings in Welltower were worth $5,677,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. LPL Financial LLC lifted its stake in Welltower by 3.9% during the 1st quarter. LPL Financial LLC now owns 258,052 shares of the real estate investment trust’s stock worth $39,536,000 after acquiring an additional 9,678 shares in the last quarter. Cbre Investment Management Listed Real Assets LLC lifted its stake in Welltower by 55.6% during the 1st quarter. Cbre Investment Management Listed Real Assets LLC now owns 3,013,247 shares of the real estate investment trust’s stock worth $461,660,000 after acquiring an additional 1,076,293 shares in the last quarter. Jump Financial LLC acquired a new position in Welltower during the 1st quarter worth about $1,697,000. Beacon Financial Planning Inc. lifted its stake in Welltower by 6.8% during the 1st quarter. Beacon Financial Planning Inc. now owns 27,893 shares of the real estate investment trust’s stock worth $4,274,000 after acquiring an additional 1,780 shares in the last quarter. Finally, Summit Trail Advisors LLC lifted its stake in Welltower by 61.4% during the 1st quarter. Summit Trail Advisors LLC now owns 6,756 shares of the real estate investment trust’s stock worth $1,035,000 after acquiring an additional 2,571 shares in the last quarter. Institutional investors and hedge funds own 94.80% of the company’s stock.

Analyst Upgrades and Downgrades

WELL has been the topic of several recent research reports. Raymond James Financial restated a “strong-buy” rating on shares of Welltower in a report on Tuesday, September 2nd. Evercore ISI upped their price target on Welltower from $162.00 to $175.00 and gave the stock an “in-line” rating in a report on Wednesday, July 30th. Scotiabank upped their price target on Welltower from $172.00 to $181.00 and gave the stock an “outperform” rating in a report on Thursday, August 28th. Finally, Wells Fargo & Company upped their price target on Welltower from $175.00 to $185.00 and gave the stock an “overweight” rating in a report on Wednesday, August 27th. 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 assigned a Sell rating to the stock. According to data from MarketBeat.com, Welltower has an average rating of “Moderate Buy” and an average target price of $175.00.

Welltower Trading Up 0.2%

WELL opened at $168.39 on Friday. Welltower Inc. has a one year low of $122.34 and a one year high of $171.09. 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 company has a debt-to-equity ratio of 0.44, a quick ratio of 4.19 and a current ratio of 4.19. The business’s 50-day simple moving average is $163.47 and its 200-day simple moving average is $154.31.

Welltower (NYSE:WELL) last released its quarterly earnings data on Monday, July 28th. The real estate investment trust reported $1.28 EPS for the quarter, beating analysts’ consensus estimates of $1.22 by $0.06. Welltower had a return on equity of 3.38% and a net margin of 12.18%.The business had revenue of $2.55 billion for the quarter, compared to the consensus estimate of $2.49 billion. During the same quarter in the prior year, the business posted $1.05 EPS. The business’s revenue for the quarter was up 39.6% on a year-over-year basis. Welltower has set its FY 2025 guidance at 5.060-5.14 EPS. As a group, equities research analysts expect that Welltower Inc. will post 4.88 EPS for the current fiscal year.

Welltower Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 21st. Stockholders of record on Tuesday, August 12th were issued a $0.74 dividend. This represents a $2.96 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date was Tuesday, August 12th. This is an increase from Welltower’s previous quarterly dividend of $0.67. Welltower’s dividend payout ratio (DPR) is currently 167.23%.

Insider Activity at Welltower

In other Welltower news, Director Andrew Gundlach acquired 20,000 shares of the company’s stock in a transaction dated Monday, June 30th. The shares were acquired at an average price of $151.46 per share, for a total transaction of $3,029,200.00. Following the acquisition, the director owned 20,000 shares in the company, valued at $3,029,200. The trade was a ∞ increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 0.21% of the company’s stock.

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.