Adelante Capital Management LLC Takes Position in Welltower Inc. $WELL

Adelante Capital Management LLC purchased a new position in Welltower Inc. (NYSE:WELL - Free Report) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 972,469 shares of the real estate investment trust's stock, valued at approximately $220,721,000. Welltower accounts for 14.5% of Adelante Capital Management LLC's holdings, making the stock its biggest position. Adelante Capital Management LLC owned approximately 0.13% of Welltower at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of WELL. Leonteq Securities AG raised its holdings in shares of Welltower by 92.3% in 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 in the last quarter. Sound Income Strategies LLC raised 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 worth $27,000 after buying an additional 76 shares in the last quarter. Kilter Group LLC purchased a new stake in Welltower during the second quarter worth $29,000. Swiss RE Ltd. bought a new stake in Welltower during the 4th quarter valued at $29,000. Finally, Quarry LP purchased a new position in shares of Welltower in the 3rd quarter valued at $33,000. Hedge funds and other institutional investors own 94.80% of the company's stock.

Welltower Stock Up 0.3%

NYSE:WELL opened at $241.81 on Thursday. The company has a market cap of $174.28 billion, a PE ratio of 110.92, a P/E/G ratio of 1.15 and a beta of 0.76. Welltower Inc. has a twelve month low of $163.75 and a twelve month high of $255.20. The company has a current ratio of 3.16, a quick ratio of 3.16 and a debt-to-equity ratio of 0.37. The company's 50 day moving average is $234.27 and its two-hundred day moving average is $217.15.

Welltower (NYSE:WELL - Get Free Report) last posted its quarterly earnings data on Monday, July 27th. The real estate investment trust reported $0.61 EPS for the quarter, missing the consensus estimate of $0.66 by ($0.05). The company had revenue of $3.54 billion for the quarter, compared to analyst estimates of $3.40 billion. Welltower had a return on equity of 3.56% and a net margin of 12.15%.The company's quarterly revenue was up 39.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.28 earnings per share. Welltower has set its FY 2026 guidance at 6.360-6.440 EPS. Analysts anticipate that Welltower Inc. will post 6.44 EPS for the current year.

Welltower Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 20th. Shareholders of record on Wednesday, August 12th were issued a $0.85 dividend. The ex-dividend date of this dividend was Wednesday, August 12th. This is a positive change from Welltower's previous quarterly dividend of $0.74. This represents a $3.40 annualized dividend and a yield of 1.4%. Welltower's dividend payout ratio is currently 155.96%.

Analysts Set New Price Targets

A number of equities analysts have commented on WELL shares. Royal Bank Of Canada boosted their target price on shares of Welltower from $238.00 to $260.00 and gave the stock an "outperform" rating in a report on Monday, August 3rd. Scotiabank cut their price objective on shares of Welltower from $248.00 to $232.00 and set a "sector outperform" rating on the stock in a research report on Thursday, June 18th. Cantor Fitzgerald boosted their price objective on shares of Welltower from $235.00 to $260.00 and gave the stock an "overweight" rating in a research note on Friday, July 31st. Wall Street Zen raised shares of Welltower from a "sell" rating to a "hold" rating in a research report on Saturday, May 2nd. Finally, Raymond James Financial began coverage on shares of Welltower in a report on Tuesday, June 16th. They issued an "outperform" rating and a $226.00 price target on the stock. Fourteen investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, Welltower currently has a consensus rating of "Moderate Buy" and a consensus price target 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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