Clarius Group LLC has $294,000 position in Welltower Inc. (NYSE: WELL)

VaselineAugust 10, 2024

0 4 minutes read

Clarius Group LLC reduced its holdings in Welltower Inc. (NYSE:WELL – Free Report) by 5.4% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,816 shares of the real estate investment trust’s stock after selling 161 shares during the quarter. Clarius Group LLC’s holdings in Welltower were worth $294,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have recently bought and sold shares of the company. Rise Advisors LLC acquired a new position in Welltower during the first quarter worth about $27,000. Manchester Capital Management LLC boosted its stake in Welltower by 338.7% in the first quarter. Manchester Capital Management LLC now owns 329 shares of the real estate investment trust’s stock valued at $31,000 after acquiring an additional 254 shares during the last quarter. Scarborough Advisors LLC purchased a new stake in shares of Welltower during the fourth quarter valued at $35,000. Opal Wealth Advisors LLC bought a new stake in Welltower in the 1st quarter worth $43,000. Finally, Creekmur Asset Management LLC purchased a new position in Welltower in the 4th quarter valued at about $45,000. Institutional investors own 94.80% of the company’s shares.

Insider buying and selling at Welltower

In related news, Director Kenneth J. Bacon sold 1,800 shares of the business’s stock in a transaction dated Tuesday, June 4th. The shares were sold at an average price of $103.91, for a total transaction of $187,038.00. Following the completion of the sale, the director now owns 14,579 shares in the company, valued at $1,514,903.89. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 0.12% of the company’s shares.

Welltower Trading Up 1.4%

Want more great investment ideas?

Shares of Welltower stock traded up $1.67 on Friday, reaching $117.40. 2,209,244 shares of the company traded hands, compared to its average volume of 2,698,819. The company has a fifty day moving average of $106.64 and a two hundred day moving average of $97.87. Welltower Inc. has a one year low of $78.38 and a one year high of $117.67. The company has a market cap of $70.20 billion, a price-to-earnings ratio of 144.98, a price-to-earnings-growth ratio of 2.74 and a beta of 1.18. The company has a debt-to-equity ratio of 0.47, a current ratio of 4.07, and a quick ratio of 3.83.

Welltower (NYSE:WELL – Get Your Free Report ) last posted its earnings results on Monday, July 29th. The real estate investment trust reported $0.42 EPS for the quarter, topping analysts’ consensus estimates of $0.34 by $0.08. Welltower had a return on equity of 2.21% and a net margin of 8.36%. The company had revenue of $1.82 billion during the quarter, compared to analyst estimates of $1.89 billion. During the same period in the previous year, the company posted EPS of $0.90. The company’s revenue was up 9.6% compared to the same quarter last year. As a group, sell-side analysts expect that Welltower Inc. to post 4.16 earnings per share for the current year.

Welltower increases dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 21st. Stockholders of record on Monday, August 12th will be given a dividend of $0.67 per share. This is an increase from Welltower’s previous quarterly dividend of $0.61. The ex-dividend date of this dividend is Monday, August 12. This represents an annualized dividend of $2.68 and a yield of 2.28%. Welltower’s dividend payout ratio is currently 330.86%.

Analyst upgrades and downgrades

WELL has been the subject of a number of recent research reports. Morgan Stanley raised their target price on Welltower from $103.00 to $107.50 and gave the company an “overweight” rating in a research note on Thursday, July 11th. Mizuho boosted their target price on shares of Welltower from $98.00 to $105.00 and gave the stock a “buy” rating in a report on Wednesday, May 8th. Wedbush upped their target price on shares of Welltower from $100.00 to $120.00 and gave the company a “neutral” rating in a research note on Monday, August 5th. StockNews.com upgraded shares of Welltower from a “sell” rating to a “hold” rating in a report on Saturday, August 3rd. Finally, Scotiabank boosted their price objective on Welltower from $116.00 to $121.00 and gave the company a “sector outperform” rating in a report on Wednesday. Five equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $107.19.

See our latest report on WELL

Welltower profile

(Free report)

Welltower Inc (NYSE:WELL), a REIT and S&P 500 company based in Toledo, Ohio, is leading the transformation of healthcare infrastructure. Welltower invests with leading nursing home operators, post-acute care providers and health systems to finance the real estate and infrastructure needed to scale innovative care delivery models and improve people’s well-being and the overall care experience of health.