IFM Investors Pty Ltd Sells 10,675 Shares of Welltower Inc. $WELL

IFM Investors Pty Ltd decreased its position in shares of Welltower Inc. (NYSE:WELL) by 4.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 230,367 shares of the real estate investment trust’s stock after selling 10,675 shares during the period. IFM Investors Pty Ltd’s holdings in Welltower were worth $35,414,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in WELL. Wellington Management Group LLP increased its position in shares of Welltower by 14.0% in the first quarter. Wellington Management Group LLP now owns 21,289,684 shares of the real estate investment trust’s stock worth $3,261,792,000 after purchasing an additional 2,614,562 shares during the period. Price T Rowe Associates Inc. MD increased its position in shares of Welltower by 41.6% in the first quarter. Price T Rowe Associates Inc. MD now owns 8,923,852 shares of the real estate investment trust’s stock worth $1,367,226,000 after purchasing an additional 2,622,384 shares during the period. Northern Trust Corp increased its position in shares of Welltower by 0.4% in the first quarter. Northern Trust Corp now owns 8,467,221 shares of the real estate investment trust’s stock worth $1,297,263,000 after purchasing an additional 36,725 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in shares of Welltower by 7.0% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 8,164,840 shares of the real estate investment trust’s stock worth $1,250,935,000 after purchasing an additional 532,135 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its position in shares of Welltower by 14.4% in the first quarter. Charles Schwab Investment Management Inc. now owns 6,956,594 shares of the real estate investment trust’s stock worth $1,065,820,000 after purchasing an additional 877,856 shares during the period. Institutional investors own 94.80% of the company’s stock.

Insiders Place Their Bets

In related news, Director Andrew Gundlach acquired 20,000 shares of the firm’s stock in a transaction dated Monday, June 30th. The stock was purchased at an average cost of $151.46 per share, with a total value of $3,029,200.00. Following the completion of the acquisition, the director directly owned 20,000 shares of the company’s stock, valued at approximately $3,029,200. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.21% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of analysts have weighed in on WELL shares. Scotiabank boosted their target price on shares of Welltower from $172.00 to $181.00 and gave the stock an “outperform” rating in a research note on Thursday, August 28th. Wells Fargo & Company lifted their price target on shares of Welltower from $175.00 to $185.00 and gave the stock an “overweight” rating in a report on Wednesday, August 27th. Evercore ISI lifted their price target on shares of Welltower from $175.00 to $183.00 and gave the stock an “in-line” rating in a report on Monday. Finally, Raymond James Financial reiterated a “strong-buy” rating on shares of Welltower in a report on Tuesday, September 2nd. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $175.80.

Welltower Stock Performance

Welltower stock opened at $166.50 on Friday. The firm’s fifty day moving average price is $164.90 and its 200-day moving average price is $154.80. 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 stock has a market cap of $111.36 billion, a P/E ratio of 94.07, a price-to-earnings-growth ratio of 1.87 and a beta of 0.93. Welltower Inc. has a fifty-two week low of $122.34 and a fifty-two week high of $171.09.

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

Welltower Increases Dividend

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

About Welltower

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.