2,052 Shares in Welltower Inc. $WELL Purchased by MMA Asset Management LLC

MMA Asset Management LLC acquired a new position in shares of Welltower Inc. (NYSE:WELL) in the 3rd quarter, HoldingsChannel.com reports. The firm acquired 2,052 shares of the real estate investment trust’s stock, valued at approximately $472,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. BlackRock Inc. boosted its stake in Welltower by 5.5% in the second quarter. BlackRock Inc. now owns 78,049,214 shares of the real estate investment trust’s stock valued at $17,714,830,000 after acquiring an additional 4,045,458 shares in the last quarter. State Street Corp grew its holdings in Welltower by 1.4% in the second quarter. State Street Corp now owns 42,138,810 shares of the real estate investment trust’s stock worth $9,564,246,000 after purchasing an additional 578,033 shares during the last quarter. Bank of America Corp DE purchased a new position in Welltower in the second quarter worth $4,425,089,000. Principal Financial Group Inc. increased its position in shares of Welltower by 2.2% during the second quarter. Principal Financial Group Inc. now owns 9,814,621 shares of the real estate investment trust’s stock worth $2,227,642,000 after purchasing an additional 207,966 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its position 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 purchasing an additional 57,938 shares in the last quarter. Hedge funds and other institutional investors own 94.80% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the company. BMO Capital Markets increased their price objective on Welltower from $245.00 to $265.00 and gave the company an “outperform” rating in a report on Monday, August 3rd. UBS Group reissued a “buy” rating and issued a $269.00 price objective on shares of Welltower in a research report on Tuesday, October 27th. Scotiabank boosted their target price on Welltower from $244.00 to $251.00 and gave the stock an “outperform” rating in a research note on Wednesday, September 2nd. KeyCorp upped their target price on Welltower from $240.00 to $275.00 and gave the company an “overweight” rating in a research report on Tuesday, August 4th. Finally, Mizuho upped their target price on Welltower from $239.00 to $260.00 and gave the company an “outperform” rating in a research report on Wednesday, July 22nd. One 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 stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $259.81.

Welltower Stock Performance

Shares of Welltower stock opened at $245.78 on Friday. The firm has a market capitalization of $180.30 billion, a P/E ratio of 106.40, a PEG ratio of 1.18 and a beta of 0.79. The company has a quick ratio of 3.16, a current ratio of 3.16 and a debt-to-equity ratio of 0.39. The company has a 50 day moving average price of $233.72 and a 200 day moving average price of $219.33. Welltower Inc. has a 52 week low of $181.47 and a 52 week high of $255.20.

Welltower (NYSE:WELL) last released its earnings results on Monday, October 26th. The real estate investment trust reported $1.67 EPS for the quarter, topping analysts’ consensus estimates of $1.64 by $0.03. The company had revenue of $3.72 billion during the quarter, compared to analysts’ expectations of $3.64 billion. Welltower had a net margin of 12.08% and a return on equity of 3.61%. Welltower’s revenue for the quarter was up 38.4% on a year-over-year basis. During the same period last year, the business earned $1.34 EPS. Sell-side analysts expect that Welltower Inc. will post 6.51 EPS for the current year.

Welltower Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, November 19th. Shareholders of record on Tuesday, November 10th will be issued a $0.85 dividend. The ex-dividend date of this dividend is Tuesday, November 10th. This represents a $3.40 dividend on an annualized basis and a dividend yield of 1.4%. Welltower’s dividend payout ratio (DPR) is currently 147.19%.

Insider Activity

In related news, Director Andrew Gundlach acquired 5,000 shares of the stock in a transaction dated Wednesday, August 26th. The stock was acquired at an average cost of $242.06 per share, for a total transaction of $1,210,300.00. Following the completion of the purchase, the director owned 30,000 shares of the company’s stock, valued at approximately $7,261,800. This represents a 20.00% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 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. Corporate insiders own 0.37% of the company’s stock.

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.