Acadian Asset Management LLC Acquires 610,063 Shares of Welltower Inc. $WELL

Acadian Asset Management LLC boosted its holdings in shares of Welltower Inc. (NYSE:WELL) by 565.7% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 717,913 shares of the real estate investment trust’s stock after purchasing an additional 610,063 shares during the quarter. Acadian Asset Management LLC owned about 0.11% of Welltower worth $109,976,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in WELL. Brighton Jones LLC boosted its stake in Welltower by 7.1% during the 4th quarter. Brighton Jones LLC now owns 4,185 shares of the real estate investment trust’s stock valued at $527,000 after purchasing an additional 279 shares during the period. Baird Financial Group Inc. boosted its stake in Welltower by 7.0% during the 4th quarter. Baird Financial Group Inc. now owns 11,914 shares of the real estate investment trust’s stock valued at $1,502,000 after purchasing an additional 784 shares during the period. Cresset Asset Management LLC bought a new stake in Welltower during the 4th quarter valued at approximately $713,000. Fiduciary Trust Co raised its holdings in Welltower by 9.4% in the 4th quarter. Fiduciary Trust Co now owns 2,660 shares of the real estate investment trust’s stock valued at $335,000 after acquiring an additional 228 shares in the last quarter. Finally, Focus Partners Wealth raised its holdings in Welltower by 74.9% in the 4th quarter. Focus Partners Wealth now owns 36,905 shares of the real estate investment trust’s stock valued at $4,809,000 after acquiring an additional 15,808 shares in the last quarter. Institutional investors own 94.80% of the company’s stock.

Analyst Upgrades and Downgrades

WELL has been the subject of several recent research reports. Evercore ISI upped their price target on Welltower from $162.00 to $175.00 and gave the company an “in-line” rating in a report on Wednesday, July 30th. Raymond James Financial reaffirmed a “strong-buy” rating on shares of Welltower in a report on Tuesday, September 2nd. Wells Fargo & Company upped their price target on Welltower from $175.00 to $185.00 and gave the company an “overweight” rating in a report on Wednesday, August 27th. Finally, Scotiabank upped their price target on Welltower from $172.00 to $181.00 and gave the company an “outperform” rating in a report on Thursday, August 28th. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $175.00.

Insider Buying and Selling

In other Welltower news, Director Andrew Gundlach purchased 20,000 shares of the firm’s stock in a transaction that occurred on Monday, June 30th. The shares were acquired at an average cost of $151.46 per share, for a total transaction of $3,029,200.00. Following the transaction, the director directly owned 20,000 shares in the company, valued at approximately $3,029,200. The trade was a ? increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this link. 0.21% of the stock is currently owned by company insiders.

Welltower Trading Up 0.1%

Shares of WELL opened at $169.58 on Wednesday. Welltower Inc. has a 1 year low of $122.34 and a 1 year high of $171.09. The company has a current ratio of 4.19, a quick ratio of 4.19 and a debt-to-equity ratio of 0.44. The stock has a 50 day simple moving average of $162.81 and a 200-day simple moving average of $154.09. The stock has a market cap of $113.42 billion, a PE ratio of 95.60, a PEG ratio of 1.91 and a beta of 0.93.

Welltower (NYSE:WELL) last issued its earnings results on Monday, July 28th. The real estate investment trust reported $1.28 earnings per share (EPS) for the quarter, topping 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 during the quarter, compared to analysts’ expectations of $2.49 billion. During the same period in the prior year, the firm posted $1.05 EPS. Welltower’s quarterly revenue was up 39.6% compared to the same quarter last year. Welltower has set its FY 2025 guidance at 5.060-5.14 EPS. On average, sell-side analysts predict that Welltower Inc. will post 4.88 EPS for the current fiscal year.

Welltower Increases Dividend

The business also recently announced 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 1.7%. The ex-dividend date of this dividend was Tuesday, August 12th. This is a boost from Welltower’s previous quarterly dividend of $0.67. Welltower’s payout ratio is currently 167.23%.

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.