OVERSEA CHINESE BANKING Corp Ltd bought a new stake in Welltower Inc. (NYSE:WELL - Free Report) in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 101,287 shares of the real estate investment trust's stock, valued at approximately $22,989,000.
Other hedge funds have also modified their holdings of the company. E Fund Management Co. Ltd. acquired a new position in Welltower during the 2nd quarter worth approximately $603,000. Frazier Financial Advisors LLC purchased a new position in Welltower in the 2nd quarter worth approximately $43,000. Northcape Wealth Management LLC acquired a new stake in Welltower in the second quarter valued at approximately $339,000. Edmond DE Rothschild Holding S.A. acquired a new stake in Welltower in the second quarter valued at approximately $385,000. Finally, Uptick Partners LLC purchased a new stake in shares of Welltower during the second quarter valued at approximately $347,000. 94.80% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
A number of research analysts have recently commented on the stock. Royal Bank Of Canada boosted their target price on shares of Welltower from $238.00 to $260.00 and gave the stock an "outperform" rating in a research report on Monday, August 3rd. Barclays initiated coverage on shares of Welltower in a report on Tuesday, July 7th. They set an "equal weight" rating and a $254.00 price target for the company. KeyCorp lifted their price target on shares of Welltower from $240.00 to $275.00 and gave the stock an "overweight" rating in a research note on Tuesday, August 4th. Jefferies Financial Group boosted their price objective on shares of Welltower from $237.00 to $248.00 and gave the stock a "buy" rating in a report on Tuesday, May 12th. Finally, Evercore reissued an "outperform" rating and issued a $260.00 price objective on shares of Welltower in a research report on Thursday, July 30th. Fourteen equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, Welltower currently has a consensus rating of "Moderate Buy" and a consensus price target of $246.11.
View Our Latest Research Report on Welltower
Welltower Price Performance
WELL stock opened at $237.57 on Friday. The stock's 50 day moving average is $231.96 and its two-hundred day moving average is $215.66. Welltower Inc. has a 52-week low of $163.75 and a 52-week high of $255.20. The company has a market capitalization of $171.23 billion, a PE ratio of 108.98, a P/E/G ratio of 1.13 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 earnings results on Monday, July 27th. The real estate investment trust reported $0.61 EPS 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 business had revenue of $3.54 billion for the quarter, compared to analysts' expectations of $3.40 billion. During the same quarter last year, the company posted $1.28 earnings per share. 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 6.44 earnings per share for the current fiscal year.
Welltower Increases Dividend
The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 20th. Shareholders of record on Wednesday, August 12th were issued a dividend of $0.85 per share. The ex-dividend date of this dividend was Wednesday, August 12th. This represents a $3.40 annualized dividend and a yield of 1.4%. This is an increase from Welltower's previous quarterly dividend of $0.74. Welltower's dividend payout ratio (DPR) is 155.96%.
About Welltower
(
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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