22,392 Shares in Welltower Inc. $WELL Purchased by Banque Pictet & Cie SA

Key Points

• Banque Pictet & Cie SA acquired 22,392 Welltower shares worth approximately $5.2 million in the third quarter. Institutional investors collectively own 94.8% of the healthcare REIT.
• Analysts remain broadly positive, with Welltower receiving a consensus “Moderate Buy” rating and an average price target of $255.76, above its reported $234.91 share price.
• Welltower raised its quarterly dividend to $0.85 per share, equivalent to a 1.4% annualized yield, while its latest quarterly revenue rose 39.1% year over year despite an earnings-per-share shortfall.

Banque Pictet & Cie SA acquired a new stake in shares of Welltower Inc. (NYSE:WELL - Free Report) in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 22,392 shares of the real estate investment trust's stock, valued at approximately $5,156,000.

Other large investors have also recently bought and sold shares of the company. Bank of America Corp DE bought a new position in shares of Welltower during the second quarter worth $4,425,089,000. Legal & General Group Plc bought a new stake in shares of Welltower in the 2nd quarter valued at $1,599,351,000. BlackRock Inc. increased its position in shares of Welltower by 5.5% in the 2nd quarter. BlackRock Inc. now owns 78,049,214 shares of the real estate investment trust's stock valued at $17,714,830,000 after buying an additional 4,045,458 shares in the last quarter. Canada Pension Plan Investment Board bought a new stake in shares of Welltower in the 2nd quarter valued at $528,400,000. Finally, Amundi increased its position in shares of Welltower by 60.3% in the 2nd quarter. Amundi now owns 5,339,664 shares of the real estate investment trust's stock valued at $1,211,944,000 after buying an additional 2,008,543 shares in the last quarter. Institutional investors own 94.80% of the company's stock.

Analyst Ratings Changes

WELL has been the topic of several research analyst reports. Weiss Ratings raised Welltower from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Thursday, October 8th. Royal Bank Of Canada boosted their target price on Welltower from $238.00 to $260.00 and gave the company an "outperform" rating in a research note on Monday, August 3rd. Morgan Stanley boosted their target price on Welltower from $215.00 to $251.00 and gave the company an "overweight" rating in a research note on Tuesday, September 1st. Deutsche Bank Aktiengesellschaft increased their price target on Welltower from $215.00 to $265.00 and gave the stock a "buy" rating in a report on Wednesday, July 1st. Finally, BMO Capital Markets increased their price target on Welltower from $245.00 to $265.00 and gave the stock an "outperform" rating in a report on Monday, August 3rd. Two research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $255.76.

Welltower Stock Performance

Shares of WELL stock opened at $234.91 on Friday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 3.16 and a current ratio of 3.16. The company has a market capitalization of $169.31 billion, a P/E ratio of 107.75, a price-to-earnings-growth ratio of 1.12 and a beta of 0.75. The company's 50 day moving average price is $233.50 and its two-hundred day moving average price is $224.08. Welltower Inc. has a 52 week low of $172.50 and a 52 week high of $255.20.

Welltower (NYSE:WELL - Get Free Report) last announced its quarterly earnings results on Monday, July 27th. The real estate investment trust reported $0.61 earnings per share for the quarter, missing analysts' consensus estimates of $0.66 by ($0.05). The company had revenue of $3.54 billion during the quarter, compared to the consensus estimate of $3.40 billion. Welltower had a net margin of 12.15% and a return on equity of 3.56%. The business's quarterly revenue was up 39.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.28 EPS. Welltower has set its FY 2026 guidance at 6.360-6.440 EPS. On average, analysts expect that Welltower Inc. will post 6.43 earnings per share for the current fiscal year.

Welltower Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 20th. Investors of record on Wednesday, August 12th were issued a dividend of $0.85 per share. The ex-dividend date was Wednesday, August 12th. This is a positive change from Welltower's previous quarterly dividend of $0.74. This represents a $3.40 dividend on an annualized basis and a dividend yield of 1.4%. Welltower's dividend payout ratio (DPR) is 155.96%.

Insider Activity at Welltower

In related news, Director Andrew Gundlach acquired 5,000 shares of the business's stock in a transaction that occurred on Wednesday, August 26th. The shares were acquired at an average cost of $242.06 per share, with a total value of $1,210,300.00. Following the transaction, the director owned 30,000 shares of the company's stock, valued at $7,261,800. The trade was a 20.00% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 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 insiders.

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.

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