BI Asset Management Fondsmaeglerselskab A S Reduces Stock Position in Welltower Inc. $WELL

Key Points

• BI Asset Management cut its Welltower stake by 40.7% in the first quarter, selling 23,563 shares and leaving it with 34,380 shares worth about $6.8 million.
• Despite that sale, institutional ownership remains high, with hedge funds and other investors holding 94.8% of Welltower’s stock.
• Wall Street remains upbeat on the REIT: analysts rate Welltower a Moderate Buy on average, with a consensus price target of $230.25, while the company also recently posted strong quarterly results that beat estimates on both earnings and revenue.

BI Asset Management Fondsmaeglerselskab A S trimmed its stake in shares of Welltower Inc. (NYSE:WELL - Free Report) by 40.7% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 34,380 shares of the real estate investment trust's stock after selling 23,563 shares during the period. BI Asset Management Fondsmaeglerselskab A S's holdings in Welltower were worth $6,797,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Brighton Jones LLC increased its holdings in Welltower by 7.1% during the 4th quarter. Brighton Jones LLC now owns 4,185 shares of the real estate investment trust's stock valued at $527,000 after acquiring an additional 279 shares in the last quarter. Empowered Funds LLC raised its position in shares of Welltower by 31.7% during the 1st quarter. Empowered Funds LLC now owns 14,790 shares of the real estate investment trust's stock worth $2,266,000 after purchasing an additional 3,564 shares during the last quarter. Sivia Capital Partners LLC lifted its stake in Welltower by 7.1% in the 2nd quarter. Sivia Capital Partners LLC now owns 1,910 shares of the real estate investment trust's stock valued at $294,000 after buying an additional 127 shares in the last quarter. Baird Financial Group Inc. grew its holdings in Welltower by 7.3% during the 2nd quarter. Baird Financial Group Inc. now owns 10,871 shares of the real estate investment trust's stock valued at $1,671,000 after buying an additional 735 shares during the last quarter. Finally, NewEdge Advisors LLC grew its holdings in Welltower by 27.0% during the 2nd quarter. NewEdge Advisors LLC now owns 12,435 shares of the real estate investment trust's stock valued at $1,912,000 after buying an additional 2,641 shares during the last quarter. Hedge funds and other institutional investors own 94.80% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. Raymond James Financial began coverage on Welltower in a research report on Tuesday, June 16th. They set an "outperform" rating and a $226.00 price target for the company. Jefferies Financial Group upped their price objective on Welltower from $237.00 to $248.00 and gave the company a "buy" rating in a research report on Tuesday, May 12th. Royal Bank Of Canada reaffirmed an "outperform" rating and set a $238.00 price objective on shares of Welltower in a research note on Monday, June 15th. Mizuho set a $239.00 price objective on Welltower in a research report on Friday, May 22nd. Finally, Wells Fargo & Company boosted their target price on shares of Welltower from $228.00 to $237.00 and gave the company an "overweight" rating in a research note on Monday, June 1st. Thirteen equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $230.25.

Welltower Trading Up 0.0%

Shares of WELL opened at $206.73 on Monday. The stock has a fifty day moving average of $210.67 and a two-hundred day moving average of $201.42. The company has a debt-to-equity ratio of 0.40, a quick ratio of 4.31 and a current ratio of 4.31. The company has a market capitalization of $145.93 billion, a PE ratio of 102.34, a price-to-earnings-growth ratio of 1.07 and a beta of 0.79. Welltower Inc. has a fifty-two week low of $148.97 and a fifty-two week high of $221.68.

Welltower (NYSE:WELL - Get Free Report) last announced its quarterly earnings data on Tuesday, April 28th. The real estate investment trust reported $1.02 earnings per share for the quarter, topping the consensus estimate of $0.68 by $0.34. The business had revenue of $3.35 billion for the quarter, compared to analyst estimates of $3.12 billion. Welltower had a net margin of 11.96% and a return on equity of 3.45%. The company's revenue was up 38.3% on a year-over-year basis. During the same period in the prior year, the firm posted $1.20 EPS. Welltower has set its FY 2026 guidance at 6.210-6.350 EPS. As a group, analysts forecast that Welltower Inc. will post 6.32 EPS for the current year.

Welltower Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, May 21st. Investors of record on Wednesday, May 13th were issued a $0.74 dividend. The ex-dividend date was Wednesday, May 13th. This represents a $2.96 dividend on an annualized basis and a yield of 1.4%. Welltower's dividend payout ratio (DPR) is presently 146.53%.

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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