Bamco Inc. NY Invests $279.64 Million in Welltower Inc. $WELL

Bamco Inc. NY bought a new position in Welltower Inc. (NYSE:WELL - Free Report) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 1,232,060 shares of the real estate investment trust's stock, valued at approximately $279,641,000. Bamco Inc. NY owned about 0.17% of Welltower as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Leonteq Securities AG raised its holdings in shares of 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 period. Sound Income Strategies LLC lifted its position in shares of Welltower by 124.6% in the 1st 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. Kilter Group LLC acquired a new position in Welltower in the 2nd quarter worth approximately $29,000. Swiss RE Ltd. acquired a new position in Welltower in the 4th quarter worth approximately $29,000. Finally, Quarry LP purchased a new position in Welltower during the 3rd quarter worth approximately $33,000. 94.80% of the stock is owned by institutional investors and hedge funds.

Welltower Trading Up 0.3%

Welltower stock opened at $241.81 on Thursday. The company's fifty day simple moving average is $234.27 and its 200-day simple moving average is $217.15. The company has a quick ratio of 3.16, a current ratio of 3.16 and a debt-to-equity ratio of 0.37. Welltower Inc. has a 12 month low of $163.75 and a 12 month high of $255.20. The stock has a market cap of $174.28 billion, a P/E ratio of 110.92, a P/E/G ratio of 1.15 and a beta of 0.76.

Welltower (NYSE:WELL - Get Free Report) last announced its quarterly earnings data 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 return on equity of 3.56% and a net margin of 12.15%.The firm had revenue of $3.54 billion for the quarter, compared to analysts' expectations of $3.40 billion. During the same quarter in the prior year, the business posted $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. As a group, sell-side analysts forecast that Welltower Inc. will post 6.44 EPS for the current fiscal year.

Welltower Increases Dividend

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

Analyst Ratings Changes

Several analysts have issued reports on the stock. Jefferies Financial Group boosted their target price on shares of Welltower from $237.00 to $248.00 and gave the company a "buy" rating in a research note on Tuesday, May 12th. Barclays initiated coverage on Welltower in a report on Tuesday, July 7th. They set an "equal weight" rating and a $254.00 price target on the stock. Evercore reissued an "outperform" rating and issued a $260.00 price objective on shares of Welltower in a research note on Thursday, July 30th. Mizuho raised their price objective on Welltower from $239.00 to $260.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 22nd. Finally, UBS Group raised their price objective on Welltower from $249.00 to $271.00 and gave the stock a "buy" rating in a research report on Wednesday, July 8th. Fourteen equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, Welltower has a consensus rating of "Moderate Buy" and an average target price of $246.11.

Welltower Company Profile

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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