Bank of America Corp DE Buys New Position in Welltower Inc. $WELL

Bank of America Corp DE purchased a new position in shares of Welltower Inc. (NYSE:WELL - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 19,496,361 shares of the real estate investment trust's stock, valued at approximately $4,425,089,000. Bank of America Corp DE owned approximately 2.71% of Welltower as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Leonteq Securities AG boosted its stake in Welltower by 92.3% during the 1st 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 grew its holdings in shares of Welltower by 124.6% during the first quarter. Sound Income Strategies LLC now owns 137 shares of the real estate investment trust's stock valued at $27,000 after purchasing an additional 76 shares during the last quarter. Kilter Group LLC acquired a new stake in shares of Welltower during the 2nd quarter worth approximately $29,000. Solstein Capital LLC bought a new stake in shares of Welltower in the 2nd quarter worth approximately $34,000. Finally, Gunpowder Capital Management LLC dba Oliver Wealth Management bought a new stake in shares of Welltower in the 4th quarter worth approximately $37,000. 94.80% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Welltower

In other Welltower news, Director Andrew Gundlach bought 5,000 shares of the stock in a transaction on Tuesday, August 25th. The shares were purchased at an average price of $239.47 per share, with a total value of $1,197,350.00. Following the acquisition, the director directly owned 25,000 shares of the company's stock, valued at $5,986,750. This represents a 25.00% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 0.37% of the company's stock.

Welltower Stock Performance

Shares of NYSE WELL opened at $234.39 on Tuesday. The stock's fifty day simple moving average is $237.89 and its 200 day simple moving average is $219.93. The stock has a market capitalization of $168.94 billion, a price-to-earnings ratio of 107.52, a PEG ratio of 1.13 and a beta of 0.76. Welltower Inc. has a 52-week low of $163.75 and a 52-week high of $255.20. 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 (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 analysts' consensus estimates of $0.66 by ($0.05). The firm had revenue of $3.54 billion for the quarter, compared to analysts' expectations of $3.40 billion. Welltower had a net margin of 12.15% and a return on equity of 3.56%. Welltower's quarterly revenue was up 39.1% compared to the same quarter last year. During the same period in the prior year, the company posted $1.28 earnings per share. 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 6.43 earnings per share for the current fiscal year.

Welltower Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, August 20th. Investors of record on Wednesday, August 12th were paid a $0.85 dividend. This represents a $3.40 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date was Wednesday, August 12th. This is a boost from Welltower's previous quarterly dividend of $0.74. Welltower's dividend payout ratio (DPR) is 155.96%.

Analyst Ratings Changes

A number of research analysts recently commented on the company. Deutsche Bank Aktiengesellschaft upped their price objective on Welltower from $215.00 to $265.00 and gave the stock a "buy" rating in a research note on Wednesday, July 1st. Raymond James Financial began coverage on shares of Welltower in a research note on Tuesday, June 16th. They issued an "outperform" rating and a $226.00 price target on the stock. Citigroup lifted their price target on Welltower from $255.00 to $275.00 and gave the company a "buy" rating in a report on Friday, July 31st. Mizuho boosted 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, Scotiabank increased their price target on Welltower from $244.00 to $251.00 and gave the stock an "outperform" rating in a research note on Wednesday, September 2nd. Fourteen research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $251.06.

Welltower Profile

Welltower Inc is a real estate investment trust (REIT) that owns, operates and finances healthcare-related real estate. The company focuses on properties that support healthcare delivery and services, including senior housing communities, outpatient medical facilities and post-acute care properties.

Welltower partners with healthcare providers, senior housing operators and other service providers to develop and manage facilities designed to serve aging populations and patients requiring ongoing or specialized care.

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