Welltower Inc. $WELL Stock Purchased by Northeast Investment Management

Northeast Investment Management increased its stake in Welltower Inc. (NYSE:WELL) by 110.7% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 48,505 shares of the real estate investment trust’s stock after purchasing an additional 25,489 shares during the quarter. Northeast Investment Management’s holdings in Welltower were worth $11,168,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the stock. Bank of America Corp DE purchased a new position in shares of Welltower in the 2nd quarter worth $4,425,089,000. Legal & General Group Plc purchased a new position in Welltower in the second quarter worth about $1,599,351,000. BlackRock Inc. grew its stake in shares of Welltower by 5.5% during 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 purchasing an additional 4,045,458 shares during the period. Canada Pension Plan Investment Board bought a new stake in shares of Welltower during the 2nd quarter valued at about $528,400,000. Finally, Amundi grew its stake in shares of Welltower by 60.3% during the 2nd quarter. Amundi now owns 5,339,664 shares of the real estate investment trust’s stock valued at $1,211,944,000 after purchasing an additional 2,008,543 shares during the period. Institutional investors own 94.80% of the company’s stock.

Welltower Trading Up 2.8%

Welltower stock opened at $247.90 on Thursday. The firm has a 50 day moving average of $233.64 and a 200 day moving average of $219.05. The firm has a market capitalization of $181.86 billion, a price-to-earnings ratio of 107.31, a P/E/G ratio of 1.15 and a beta of 0.79. Welltower Inc. has a 12-month low of $181.47 and a 12-month high of $255.20. The company has a current ratio of 3.16, a quick ratio of 3.16 and a debt-to-equity ratio of 0.39.

Welltower (NYSE:WELL) last issued its quarterly earnings results on Monday, October 26th. The real estate investment trust reported $1.67 earnings per share for the quarter, beating the consensus estimate of $1.64 by $0.03. The business had revenue of $3.72 billion for the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.34 earnings per share. As a group, research analysts predict that Welltower Inc. will post 6.51 earnings per share for the current year.

Welltower Announces Dividend

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

Analysts Set New Price Targets

WELL has been the subject of several research reports. Jefferies Financial Group raised shares of Welltower to a “strong-buy” rating in a research report on Friday, September 25th. Weiss Ratings downgraded shares of Welltower from a “buy (b-)” rating to a “hold (c)” rating in a report on Wednesday, October 28th. BNP Paribas Exane boosted their target price on shares of Welltower from $238.00 to $272.00 and gave the company an “outperform” rating in a research report on Tuesday, July 28th. BMO Capital Markets upped their target price on shares of Welltower from $245.00 to $265.00 and gave the company an “outperform” rating in a report on Monday, August 3rd. Finally, Morgan Stanley increased their price target on shares of Welltower from $215.00 to $251.00 and gave the stock an “overweight” rating in a research report on Tuesday, September 1st. One research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, Welltower presently has a consensus rating of “Moderate Buy” and a consensus target price of $259.81.

Insider Activity at Welltower

In other news, Director Andrew Gundlach bought 5,000 shares of the stock in a transaction that occurred on Wednesday, August 26th. The shares were bought at an average price of $242.06 per share, for a total transaction of $1,210,300.00. Following the purchase, the director owned 30,000 shares in the company, valued at $7,261,800. This represents a 20.00% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available through this link. 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. 0.37% of the stock is owned by insiders.

Welltower Company 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.