Cullinan Associates Inc. Purchases 2,520 Shares of Welltower Inc. $WELL

Cullinan Associates Inc. grew its holdings in shares of Welltower Inc. (NYSE:WELL) by 122.0% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 4,585 shares of the real estate investment trust’s stock after purchasing an additional 2,520 shares during the quarter. Cullinan Associates Inc.’s holdings in Welltower were worth $1,056,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in WELL. NewEdge Advisors LLC boosted its position in shares of Welltower by 13.0% during the 2nd quarter. NewEdge Advisors LLC now owns 238,162 shares of the real estate investment trust’s stock valued at $54,056,000 after acquiring an additional 27,345 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Welltower by 0.7% in the first quarter. Dimensional Fund Advisors LP now owns 8,345,022 shares of the real estate investment trust’s stock valued at $1,649,844,000 after purchasing an additional 57,938 shares during the period. Envestnet Asset Management Inc. grew its holdings in shares of Welltower by 9.4% in the second quarter. Envestnet Asset Management Inc. now owns 916,367 shares of the real estate investment trust’s stock valued at $207,986,000 after purchasing an additional 79,088 shares during the period. Swiss National Bank increased its position in Welltower by 9.9% during the first quarter. Swiss National Bank now owns 2,014,200 shares of the real estate investment trust’s stock worth $398,227,000 after purchasing an additional 181,400 shares during the last quarter. Finally, State Street Corp increased its position in Welltower by 1.4% during 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. Institutional investors and hedge funds own 94.80% of the company’s stock.

Welltower Stock Performance

Shares of Welltower stock opened at $245.32 on Friday. Welltower Inc. has a 52 week low of $181.47 and a 52 week high of $255.20. The business’s fifty day simple moving average is $233.83 and its 200-day simple moving average is $219.61. The firm has a market cap of $179.97 billion, a PE ratio of 106.20, a price-to-earnings-growth ratio of 1.17 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.

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

Welltower Dividend Announcement

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

Insiders Place Their Bets

In related news, Director Andrew Gundlach bought 5,000 shares of the stock in a transaction on Wednesday, August 26th. The stock was bought at an average price of $242.06 per share, with a total value of $1,210,300.00. Following the completion of the purchase, the director directly owned 30,000 shares in the company, valued at $7,261,800. This represents a 20.00% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at 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 currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on WELL. Cantor Fitzgerald reduced their target price on shares of Welltower from $260.00 to $258.00 and set an “overweight” rating on the stock in a research note on Thursday, October 29th. Mizuho increased their price target on shares of Welltower from $239.00 to $260.00 and gave the company an “outperform” rating in a research note on Wednesday, July 22nd. Citigroup increased their price target on shares of Welltower from $255.00 to $275.00 and gave the company a “buy” rating in a research note on Friday, July 31st. Robert W. Baird raised their price target on shares of Welltower from $226.00 to $233.00 and gave the stock a “neutral” rating in a report on Wednesday, August 12th. Finally, Weiss Ratings lowered shares of Welltower from a “buy (b-)” rating to a “hold (c)” rating in a research report on Wednesday, October 28th. One research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, Welltower currently has an average rating of “Moderate Buy” and a consensus price target of $259.81.

Welltower Profile

Welltower Inc is a real estate investment trust focused on properties and services that support health care and aging. Its portfolio includes senior housing communities, outpatient medical facilities and post-acute care properties.

The company works with senior housing operators, health care providers and other partners to own, lease and manage properties. Its operations span the United States, Canada and the United Kingdom.

Founded in 1970 as Health Care REIT, the company adopted the Welltower name in 2015.