Welltower Inc. (NYSE:WELL – Get Free Report) Director Andrew Gundlach bought 5,000 shares of the stock in a transaction on Tuesday, August 25th. The shares were acquired at an average cost of $239.47 per share, with a total value of $1,197,350.00. Following the acquisition, the director directly owned 25,000 shares in the company, valued at approximately $5,986,750. This trade represents a 25.00% increase in their position. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Purchased indirectly through two trusts. The transaction was executed in multiple trades at prices ranging from $239.27 to $239.50. The reported $239.47 price is the weighted-average purchase price.
Andrew Gundlach also recently made the following trade(s):
- On Wednesday, August 26th, Andrew Gundlach bought 5,000 shares of Welltower stock. The shares were acquired at an average price of $242.06 per share, with a total value of $1,210,300.00.
Welltower Price Performance
Shares of WELL traded up $1.45 during midday trading on Wednesday, reaching $234.21. The stock had a trading volume of 672,968 shares, compared to its average volume of 3,153,641. Welltower Inc. has a 12-month low of $163.75 and a 12-month high of $255.20. The company has a market capitalization of $168.80 billion, a price-to-earnings ratio of 107.43, a price-to-earnings-growth ratio of 1.12 and a beta of 0.76. The company has a current ratio of 3.16, a quick ratio of 3.16 and a debt-to-equity ratio of 0.37. The company’s 50-day moving average is $237.80 and its 200 day moving average is $220.10.
Welltower Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Thursday, August 20th. Investors of record on Wednesday, August 12th were paid a $0.85 dividend. The ex-dividend date was Wednesday, August 12th. This is a positive change from Welltower’s previous quarterly dividend of $0.74. This represents a $3.40 dividend on an annualized basis and a dividend yield of 1.5%. Welltower’s dividend payout ratio is currently 155.96%.
Hedge Funds Weigh In On Welltower
Hedge funds have recently modified their holdings of the stock. Dimensional Fund Advisors LP grew 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 buying an additional 57,938 shares in the last quarter. Easterly Investment Partners LLC lifted its position in Welltower by 184.9% in the fourth quarter. Easterly Investment Partners LLC now owns 92,403 shares of the real estate investment trust’s stock valued at $17,151,000 after buying an additional 59,967 shares during the last quarter. SG Americas Securities LLC lifted its position in Welltower by 331.4% in the first quarter. SG Americas Securities LLC now owns 1,122,894 shares of the real estate investment trust’s stock valued at $222,007,000 after buying an additional 862,586 shares during the last quarter. Swiss National Bank lifted its position in Welltower by 9.9% in the first quarter. Swiss National Bank now owns 2,014,200 shares of the real estate investment trust’s stock valued at $398,227,000 after buying an additional 181,400 shares during the last quarter. Finally, Dai ichi Life Insurance Company Ltd lifted its position in Welltower by 26.6% in the first quarter. Dai ichi Life Insurance Company Ltd now owns 43,932 shares of the real estate investment trust’s stock valued at $8,686,000 after buying an additional 9,217 shares during the last quarter. Institutional investors own 94.80% of the company’s stock.
Analyst Ratings Changes
A number of research firms have issued reports on WELL. Mizuho boosted their price target on Welltower from $239.00 to $260.00 and gave the stock an “outperform” rating in a report on Wednesday, July 22nd. Wells Fargo & Company increased their price target on Welltower from $237.00 to $266.00 and gave the company an “overweight” rating in a research report on Tuesday, September 1st. Evercore reaffirmed an “outperform” rating and set a $260.00 price target on shares of Welltower in a research report on Thursday, July 30th. Raymond James Financial initiated coverage on Welltower in a report on Tuesday, June 16th. They set an “outperform” rating and a $226.00 target price for the company. Finally, Scotiabank raised their target price on Welltower from $244.00 to $251.00 and gave the company an “outperform” rating in a research note on Wednesday, September 2nd. Fourteen analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $252.56.
Read Our Latest Stock Report on WELL
Welltower Company Profile
Welltower Inc is a real estate investment trust (REIT) that owns, operates and finances healthcare-related real estate. The company focuses on properties that support healthcare delivery and services, including senior housing communities, outpatient medical facilities and post-acute care properties.
Welltower partners with healthcare providers, senior housing operators and other service providers to develop and manage facilities designed to serve aging populations and patients requiring ongoing or specialized care.
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