ABN AMRO Bank N.V. Acquires 11,624 Shares of Welltower Inc. $WELL

Key Points

• ABN AMRO Bank N.V. increased its Welltower stake by 10.7% in the second quarter, purchasing 11,624 additional shares to hold 119,804 shares valued at approximately $27.2 million. Institutional investors collectively own 94.8% of Welltower.
• Welltower reported quarterly revenue of $3.54 billion, up 39.1% year over year and above estimates, although adjusted EPS of $0.61 missed the $0.66 consensus. Analysts maintain a “Moderate Buy” consensus with an average price target of $246.11.
• The healthcare REIT raised its quarterly dividend from $0.74 to $0.85 per share, equivalent to $3.40 annually and a 1.4% yield, despite a payout ratio above 155%.

ABN AMRO Bank N.V. boosted its holdings in shares of Welltower Inc. (NYSE:WELL - Free Report) by 10.7% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 119,804 shares of the real estate investment trust's stock after buying an additional 11,624 shares during the quarter. ABN AMRO Bank N.V.'s holdings in Welltower were worth $27,209,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the business. Leonteq Securities AG lifted its position in Welltower by 92.3% during the first quarter. Leonteq Securities AG now owns 125 shares of the real estate investment trust's stock valued at $25,000 after acquiring an additional 60 shares during the last quarter. Sound Income Strategies LLC boosted its stake in Welltower by 124.6% in the first quarter. Sound Income Strategies LLC now owns 137 shares of the real estate investment trust's stock valued at $27,000 after acquiring an additional 76 shares in the last quarter. Swiss RE Ltd. purchased a new position in Welltower in the fourth quarter worth $29,000. Summit Securities Group LLC grew its holdings in Welltower by 42.6% in the second quarter. Summit Securities Group LLC now owns 164 shares of the real estate investment trust's stock worth $37,000 after purchasing an additional 49 shares during the last quarter. Finally, Allied Private Wealth LLC purchased a new position in Welltower in the second quarter worth $41,000. Institutional investors own 94.80% of the company's stock.

Welltower Price Performance

Shares of WELL opened at $235.55 on Friday. The firm has a market capitalization of $169.77 billion, a PE ratio of 108.05, a price-to-earnings-growth ratio of 1.13 and a beta of 0.76. The company has a debt-to-equity ratio of 0.37, a current ratio of 3.16 and a quick ratio of 3.16. Welltower Inc. has a 1-year low of $161.26 and a 1-year high of $255.20. The company's fifty day moving average price is $229.65 and its 200-day moving average price is $214.01.

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

Welltower Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, August 20th. Investors of record on Wednesday, August 12th will be issued a dividend of $0.85 per share. This represents a $3.40 dividend on an annualized basis and a dividend yield of 1.4%. This is a positive change from Welltower's previous quarterly dividend of $0.74. The ex-dividend date of this dividend is Wednesday, August 12th. Welltower's dividend payout ratio is presently 155.96%.

Analyst Ratings Changes

WELL has been the subject of several analyst reports. Deutsche Bank Aktiengesellschaft increased their price objective on Welltower from $215.00 to $265.00 and gave the company a "buy" rating in a report on Wednesday, July 1st. Weiss Ratings downgraded Welltower from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Wednesday, June 24th. Cantor Fitzgerald upped their target price on Welltower from $235.00 to $260.00 and gave the company an "overweight" rating in a research report on Friday, July 31st. BMO Capital Markets reiterated an "outperform" rating and issued a $245.00 price target on shares of Welltower in a research note on Monday, May 4th. Finally, UBS Group increased their price target on Welltower from $249.00 to $271.00 and gave the company a "buy" rating in a research note on Wednesday, July 8th. Fourteen research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, Welltower has a consensus rating of "Moderate Buy" and a consensus target price of $246.11.

About Welltower

Welltower Inc NYSE: WELL is a real estate investment trust (REIT) that acquires and manages real estate serving the health care industry. The company specializes in healthcare infrastructure, owning and operating a diversified portfolio of senior housing, post-acute and long-term care communities, and outpatient medical properties. Welltower's assets are designed to support the delivery of health care services through a combination of leased properties, joint ventures, and other capital arrangements with health care operators and providers.

The company's property types include assisted living, memory care, independent living and skilled nursing facilities, as well as medical office buildings and other outpatient-care real estate such as ambulatory surgery centers and specialty clinics.

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