Moore Capital Management LP bought a new stake in shares of Welltower Inc. (NYSE:WELL - Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 90,277 shares of the real estate investment trust's stock, valued at approximately $20,490,000.
Other institutional investors also recently modified their holdings of the company. BlackRock Inc. raised its holdings in shares of Welltower by 5.5% during the second quarter. BlackRock Inc. now owns 78,049,214 shares of the real estate investment trust's stock worth $17,714,830,000 after acquiring an additional 4,045,458 shares in the last quarter. Capital International Investors grew its stake in Welltower by 2.0% in the fourth quarter. Capital International Investors now owns 47,431,769 shares of the real estate investment trust's stock valued at $8,805,411,000 after purchasing an additional 915,514 shares in the last quarter. State Street Corp grew its stake in Welltower by 1.2% in the fourth quarter. State Street Corp now owns 41,760,328 shares of the real estate investment trust's stock valued at $7,751,134,000 after purchasing an additional 506,374 shares in the last quarter. Norges Bank acquired a new position in Welltower in the 4th quarter worth about $5,466,264,000. Finally, Bank of America Corp DE increased its position in Welltower by 6.6% in the 1st quarter. Bank of America Corp DE now owns 21,750,501 shares of the real estate investment trust's stock worth $4,300,291,000 after purchasing an additional 1,347,243 shares during the last quarter. Institutional investors and hedge funds own 94.80% of the company's stock.
Welltower Price Performance
NYSE WELL opened at $237.51 on Monday. 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 has a fifty day simple moving average of $235.54 and a 200 day simple moving average of $217.73. The company has a market cap of $171.18 billion, a P/E ratio of 108.95, a P/E/G ratio of 1.14 and a beta of 0.76. Welltower Inc. has a 1 year low of $163.75 and a 1 year high of $255.20.
Welltower (NYSE:WELL - Get Free Report) last posted its earnings results on Monday, July 27th. The real estate investment trust reported $0.61 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.66 by ($0.05). The firm had revenue of $3.54 billion during the quarter, compared to analyst estimates of $3.40 billion. Welltower had a net margin of 12.15% and a return on equity of 3.56%. The business's quarterly revenue was up 39.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.28 earnings per share. Welltower has set its FY 2026 guidance at 6.360-6.440 EPS. On average, sell-side analysts predict that Welltower Inc. will post 6.43 EPS for the current year.
Welltower Increases Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 20th. Stockholders of record on Wednesday, August 12th were paid a $0.85 dividend. The ex-dividend date was Wednesday, August 12th. This is a boost from Welltower's previous quarterly dividend of $0.74. This represents a $3.40 dividend on an annualized basis and a dividend yield of 1.4%. Welltower's dividend payout ratio is presently 155.96%.
Analyst Ratings Changes
Several brokerages have recently issued reports on WELL. 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. Scotiabank dropped their price objective on Welltower from $248.00 to $232.00 and set a "sector outperform" rating on the stock in a report on Thursday, June 18th. KeyCorp raised their price objective on shares of Welltower from $240.00 to $275.00 and gave the company an "overweight" rating in a research report on Tuesday, August 4th. Royal Bank Of Canada lifted their target price on shares of Welltower from $238.00 to $260.00 and gave the company an "outperform" rating in a research note on Monday, August 3rd. Finally, Mizuho boosted their target price on shares of Welltower from $239.00 to $260.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 22nd. Fourteen investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $246.11.
Read Our Latest Analysis on WELL
Insider Activity at Welltower
In other Welltower news, Director Andrew Gundlach acquired 5,000 shares of the business's stock in a transaction that occurred on Tuesday, August 25th. The stock was acquired at an average price of $239.47 per share, with a total value of $1,197,350.00. Following the transaction, the director owned 25,000 shares of the company's stock, valued at approximately $5,986,750. This trade represents a 25.00% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.37% of the company's stock.
Welltower Profile
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Free Report)
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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