E. Ohman J or Asset Management AB Sells 5,830 Shares of Welltower Inc. $WELL

Key Points

• E. Ohman Jor Asset Management AB cut its Welltower stake by 19.8%, selling 5,830 shares and retaining 23,555 shares valued at approximately $5.35 million. Institutional investors collectively own 94.8% of Welltower’s outstanding stock.
• Analysts remain broadly bullish: Welltower has a consensus “Moderate Buy” rating and a $246.11 average price target, with several firms recently raising targets as high as $271.
• Welltower shares opened at $235.12, near their 52-week high, while the REIT reported revenue growth of 39.1% year over year but missed quarterly earnings expectations. The company also raised its quarterly dividend to $0.85, representing a 1.4% annualized yield.

E. Ohman J or Asset Management AB lowered its stake in shares of Welltower Inc. (NYSE:WELL - Free Report) by 19.8% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 23,555 shares of the real estate investment trust's stock after selling 5,830 shares during the quarter. E. Ohman J or Asset Management AB's holdings in Welltower were worth $5,346,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Leonteq Securities AG increased its stake in shares of Welltower by 92.3% in the 1st quarter. Leonteq Securities AG now owns 125 shares of the real estate investment trust's stock worth $25,000 after acquiring an additional 60 shares in the last quarter. Sound Income Strategies LLC increased its position 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 acquiring an additional 76 shares in the last quarter. Swiss RE Ltd. purchased a new position in shares of Welltower in the fourth quarter worth $29,000. Allied Private Wealth LLC bought a new position in Welltower during the 2nd quarter valued at about $41,000. Finally, Quarry LP bought a new position in Welltower during the third quarter valued at approximately $33,000. 94.80% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have weighed in on WELL shares. 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. Barclays initiated coverage on Welltower in a research note on Tuesday, July 7th. They issued an "equal weight" rating and a $254.00 price target on the stock. Royal Bank Of Canada lifted their price objective on Welltower from $238.00 to $260.00 and gave the stock an "outperform" rating in a report on Monday, August 3rd. Mizuho upped their price objective on Welltower from $239.00 to $260.00 and gave the company an "outperform" rating in a research report on Wednesday, July 22nd. Finally, UBS Group increased their target price on Welltower from $249.00 to $271.00 and gave the company a "buy" rating in a report on Wednesday, July 8th. Fourteen research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $246.11.

Welltower Stock Down 0.8%

Shares of WELL stock opened at $235.12 on Tuesday. The company's fifty day simple moving average is $227.19 and its two-hundred day simple moving average is $212.88. Welltower Inc. has a 52 week low of $161.26 and a 52 week high of $255.20. The stock has a market cap of $169.46 billion, a P/E ratio of 107.85, a PEG ratio of 1.14 and a beta of 0.76. 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 released its quarterly earnings results on Monday, July 27th. The real estate investment trust reported $0.61 earnings per share 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 for the quarter, compared to analysts' expectations of $3.40 billion. During the same quarter in the prior year, the business earned $1.28 EPS. The business's quarterly revenue was up 39.1% compared to the same quarter last year. Welltower has set its FY 2026 guidance at 6.360-6.440 EPS. Analysts predict that Welltower Inc. will post 6.43 EPS for the current fiscal year.

Welltower Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 20th. Stockholders of record on Wednesday, August 12th will be paid a $0.85 dividend. This represents a $3.40 annualized dividend and a dividend yield of 1.4%. The ex-dividend date of this dividend is Wednesday, August 12th. This is a positive change from Welltower's previous quarterly dividend of $0.74. Welltower's dividend payout ratio is 135.78%.

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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