GDS Wealth Management lifted its stake in Welltower Inc. (NYSE:WELL – Free Report) by 55.7% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 41,894 shares of the real estate investment trust’s stock after purchasing an additional 14,991 shares during the period. GDS Wealth Management’s holdings in Welltower were worth $6,419,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also made changes to their positions in WELL. SouthState Corp boosted its position in shares of Welltower by 704.8% in the 1st quarter. SouthState Corp now owns 169 shares of the real estate investment trust’s stock worth $26,000 after purchasing an additional 148 shares during the last quarter. Harbor Capital Advisors Inc. bought a new position in shares of Welltower in the 1st quarter worth $28,000. Smallwood Wealth Investment Management LLC bought a new position in shares of Welltower in the 1st quarter worth $28,000. Hughes Financial Services LLC bought a new position in shares of Welltower in the 1st quarter worth $31,000. Finally, Franchise Capital Ltd bought a new position in shares of Welltower in the 1st quarter worth $32,000. 94.80% of the stock is currently owned by institutional investors.
Insider Activity
In other news, Director Andrew Gundlach acquired 20,000 shares of Welltower stock in a transaction dated Monday, June 30th. The stock was bought at an average price of $151.46 per share, for a total transaction of $3,029,200.00. Following the completion of the acquisition, the director directly owned 20,000 shares in the company, valued at approximately $3,029,200. The trade was a ∞ increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.21% of the stock is currently owned by corporate insiders.
Analysts Set New Price Targets
Check Out Our Latest Stock Report on Welltower
Welltower Price Performance
Shares of NYSE WELL opened at $163.4290 on Wednesday. The business’s 50 day moving average price is $158.38 and its two-hundred day moving average price is $151.88. The company has a market cap of $109.31 billion, a PE ratio of 92.33, a price-to-earnings-growth ratio of 1.86 and a beta of 0.93. The company has a quick ratio of 4.19, a current ratio of 4.19 and a debt-to-equity ratio of 0.44. Welltower Inc. has a twelve month low of $115.49 and a twelve month high of $171.09.
Welltower (NYSE:WELL – Get Free Report) last announced its quarterly earnings results on Monday, July 28th. The real estate investment trust reported $1.28 earnings per share for the quarter, topping analysts’ consensus estimates of $1.22 by $0.06. The firm had revenue of $2.55 billion for the quarter, compared to the consensus estimate of $2.49 billion. Welltower had a return on equity of 3.38% and a net margin of 12.18%.The business’s revenue was up 39.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.05 earnings per share. Welltower has set its FY 2025 guidance at 5.060-5.14 EPS. On average, analysts predict that Welltower Inc. will post 4.88 EPS for the current year.
Welltower Increases Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, August 21st. Stockholders of record on Tuesday, August 12th will be issued a dividend of $0.74 per share. This is a boost from Welltower’s previous quarterly dividend of $0.67. 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. Welltower’s dividend payout ratio is presently 167.23%.
Welltower 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.
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