NewEdge Advisors LLC Acquires 192,332 Shares of Welltower Inc. $WELL

Key Points

• NewEdge Advisors increased its Welltower stake by 1,040.5%, purchasing 192,332 additional shares to hold 210,817 shares valued at approximately $41.7 million. Institutional investors and hedge funds collectively own 94.8% of the stock.
• Wall Street remains broadly bullish, with 14 Buy ratings and three Holds, an overall “Moderate Buy” consensus, and an average price target of $246.11.
• Welltower reported quarterly revenue of $3.54 billion, up 39.1% year over year, though adjusted earnings of $0.61 per share missed estimates. The company also raised its quarterly dividend to $0.85 per share, implying a 1.4% annual yield.

NewEdge Advisors LLC grew its stake in Welltower Inc. (NYSE:WELL - Free Report) by 1,040.5% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 210,817 shares of the real estate investment trust's stock after purchasing an additional 192,332 shares during the quarter. NewEdge Advisors LLC's holdings in Welltower were worth $41,681,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the company. Vanguard Group Inc. lifted its holdings in shares of Welltower by 2.9% during the fourth quarter. Vanguard Group Inc. now owns 92,421,471 shares of the real estate investment trust's stock worth $17,154,349,000 after buying an additional 2,643,088 shares in the last quarter. Capital International Investors lifted its position in shares of Welltower by 2.0% during the 4th quarter. Capital International Investors now owns 47,431,769 shares of the real estate investment trust's stock worth $8,805,411,000 after buying an additional 915,514 shares during the last quarter. State Street Corp lifted its holdings in shares of 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 worth $7,751,134,000 after acquiring an additional 506,374 shares during the last quarter. Norges Bank bought a new position in Welltower in the 4th quarter valued at approximately $5,466,264,000. Finally, Bank of America Corp DE boosted its holdings in shares of Welltower by 6.6% during the 1st quarter. Bank of America Corp DE now owns 21,750,501 shares of the real estate investment trust's stock valued at $4,300,291,000 after acquiring an additional 1,347,243 shares in the last quarter. 94.80% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

WELL has been the topic of several recent research reports. UBS Group lifted their target price on shares of Welltower from $249.00 to $271.00 and gave the stock a "buy" rating in a research report on Wednesday, July 8th. Raymond James Financial assumed coverage on Welltower in a research report on Tuesday, June 16th. They set an "outperform" rating and a $226.00 target price on the stock. Jefferies Financial Group lifted their price target 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. Wall Street Zen upgraded Welltower from a "sell" rating to a "hold" rating in a report on Saturday, May 2nd. Finally, Deutsche Bank Aktiengesellschaft upped their target price on shares of Welltower from $215.00 to $265.00 and gave the stock a "buy" rating in a report on Wednesday, July 1st. Fourteen investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $246.11.

Welltower Trading Down 0.6%

Shares of Welltower stock opened at $235.91 on Friday. The firm has a market cap of $170.03 billion, a PE ratio of 108.21, a P/E/G ratio of 1.14 and a beta of 0.76. The company has a debt-to-equity ratio of 0.37, a current ratio of 3.16 and a quick ratio of 3.16. Welltower Inc. has a 1 year low of $161.26 and a 1 year high of $255.20. The stock has a fifty day moving average price of $225.82 and a 200-day moving average price of $212.22.

Welltower (NYSE:WELL - Get Free Report) last posted 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). The firm had revenue of $3.54 billion for the quarter, compared to the consensus estimate of $3.40 billion. Welltower had a return on equity of 3.56% and a net margin of 12.15%.The firm's revenue was up 39.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.28 EPS. Welltower has set its FY 2026 guidance at 6.360-6.440 EPS. Equities research analysts anticipate that Welltower Inc. will post 6.43 EPS for the current year.

Welltower Increases Dividend

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

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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