BNP PARIBAS ASSET MANAGEMENT Holding S.A. Increases Stock Holdings in Welltower Inc. $WELL

BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its stake in Welltower Inc. (NYSE:WELL) by 191.0% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 521,962 shares of the real estate investment trust’s stock after acquiring an additional 342,620 shares during the quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. owned about 0.08% of Welltower worth $79,984,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. SouthState Corp grew its holdings in Welltower by 704.8% during the 1st quarter. SouthState Corp now owns 169 shares of the real estate investment trust’s stock valued at $26,000 after purchasing an additional 148 shares in the last quarter. Harbor Capital Advisors Inc. purchased a new position in Welltower in the 1st quarter valued at about $28,000. Smallwood Wealth Investment Management LLC acquired a new stake in shares of Welltower during the first quarter valued at about $28,000. Hughes Financial Services LLC acquired a new stake in shares of Welltower during the first quarter valued at about $31,000. Finally, Franchise Capital Ltd purchased a new stake in shares of Welltower during the first quarter worth about $32,000. Institutional investors and hedge funds own 94.80% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the company. Wall Street Zen downgraded Welltower from a “hold” rating to a “sell” rating in a report on Thursday, May 8th. Morgan Stanley increased their target price on Welltower from $155.00 to $160.00 and gave the company an “overweight” rating in a research note on Tuesday, May 6th. Evercore ISI raised their price target on shares of Welltower from $162.00 to $175.00 and gave the stock an “in-line” rating in a research report on Wednesday, July 30th. Scotiabank reaffirmed an “outperform” rating on shares of Welltower in a report on Monday, June 23rd. Finally, Wells Fargo & Company increased their price objective on shares of Welltower from $158.00 to $175.00 and gave the company an “overweight” rating in a research note on Monday, June 2nd. Two investment analysts have rated the stock with a sell rating, one has given a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $169.82.

Welltower Stock Up 0.6%

WELL stock opened at $162.90 on Monday. The firm has a market cap of $108.95 billion, a price-to-earnings ratio of 92.03, a PEG ratio of 1.87 and a beta of 0.93. Welltower Inc. has a 1-year low of $115.18 and a 1-year high of $171.09. The firm has a fifty day moving average price of $157.89 and a two-hundred day moving average price of $151.62. The company has a debt-to-equity ratio of 0.44, a current ratio of 4.19 and a quick ratio of 4.19.

Welltower (NYSE:WELL) last posted its quarterly earnings results on Monday, July 28th. The real estate investment trust reported $1.28 EPS 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 business had revenue of $2.55 billion during the quarter, compared to analyst estimates of $2.49 billion. During the same period in the previous year, the business posted $1.05 EPS. The company’s quarterly revenue was up 39.6% on a year-over-year basis. Research analysts predict that Welltower Inc. will post 4.88 EPS for the current year.

Welltower Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, August 21st. Stockholders of record on Tuesday, August 12th will be given a dividend of $0.74 per share. This represents a $2.96 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date is Tuesday, August 12th. This is a positive change from Welltower’s previous quarterly dividend of $0.67. Welltower’s payout ratio is currently 167.23%.

Insider Buying and Selling at Welltower

In related news, Director Andrew Gundlach purchased 20,000 shares of the business’s stock in a transaction that occurred on Monday, June 30th. The shares were acquired at an average price of $151.46 per share, with a total value of $3,029,200.00. Following the acquisition, the director owned 20,000 shares in the company, valued at approximately $3,029,200. This trade represents a ∞ increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.21% of the company’s stock.

Welltower Company 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.