Proficio Capital Partners LLC Invests $1.10 Million in Welltower Inc. $WELL

Key Points

• Proficio Capital Partners initiated a $1.10 million position in Welltower during the second quarter, purchasing 4,862 shares. Institutional investors collectively own 94.8% of the REIT.
• Welltower’s stock was trading at $240.58, near its 52-week high, after revenue rose 39.1% year over year to $3.54 billion; however, quarterly EPS of $0.61 missed estimates of $0.66.
• The company increased its quarterly dividend to $0.85, or $3.40 annually, while analysts maintained a “Moderate Buy” consensus with an average price target of $250.

Proficio Capital Partners LLC bought a new stake in shares of Welltower Inc. (NYSE:WELL - Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 4,862 shares of the real estate investment trust's stock, valued at approximately $1,104,000.

Other hedge funds have also recently made changes to their positions in the company. BlackRock Inc. lifted its holdings in Welltower by 5.5% during the 2nd quarter. BlackRock Inc. now owns 78,049,214 shares of the real estate investment trust's stock valued at $17,714,830,000 after buying an additional 4,045,458 shares in the last quarter. Capital International Investors grew its stake in Welltower by 2.0% in 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 acquiring an additional 915,514 shares in the last quarter. State Street Corp increased its position in shares of Welltower by 1.2% during 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 period. Norges Bank purchased a new position in shares of Welltower during the fourth quarter worth approximately $5,466,264,000. Finally, Bank of America Corp DE raised its stake in shares of Welltower by 6.6% during the first 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 currently owned by institutional investors.

Welltower Stock Up 1.8%

Welltower stock opened at $240.58 on Wednesday. The company has a quick ratio of 3.16, a current ratio of 3.16 and a debt-to-equity ratio of 0.37. The firm has a market cap of $173.40 billion, a P/E ratio of 110.36, a P/E/G ratio of 1.13 and a beta of 0.76. The business has a fifty day moving average of $236.50 and a two-hundred day moving average of $218.21. Welltower Inc. has a twelve month low of $163.75 and a twelve month high of $255.20.

Welltower (NYSE:WELL - Get Free Report) last announced its quarterly 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 company had revenue of $3.54 billion during the quarter, compared to analysts' expectations of $3.40 billion. Welltower had a net margin of 12.15% and a return on equity of 3.56%. The company's revenue was up 39.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.28 earnings per share. Welltower has set its FY 2026 guidance at 6.360-6.440 EPS. On average, analysts forecast that Welltower Inc. will post 6.43 earnings per share for the current fiscal year.

Welltower Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, August 20th. Shareholders of record on Wednesday, August 12th were paid a $0.85 dividend. 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. The ex-dividend date was Wednesday, August 12th. Welltower's payout ratio is presently 155.96%.

Insider Transactions at Welltower

In other news, Director Andrew Gundlach bought 5,000 shares of Welltower stock in a transaction on Tuesday, August 25th. The stock was acquired at an average cost of $239.47 per share, for a total transaction of $1,197,350.00. Following the completion of the acquisition, the director owned 25,000 shares of the company's stock, valued at $5,986,750. This trade represents a 25.00% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.37% of the stock is owned by company insiders.

Analysts Set New Price Targets

WELL has been the subject of a number of research reports. Royal Bank Of Canada boosted their price target on Welltower from $238.00 to $260.00 and gave the company an "outperform" rating in a report on Monday, August 3rd. Cantor Fitzgerald raised their price objective on Welltower from $235.00 to $260.00 and gave the stock an "overweight" rating in a report on Friday, July 31st. Raymond James Financial began coverage on Welltower in a research report on Tuesday, June 16th. They set an "outperform" rating and a $226.00 target price for the company. Citigroup upped their target price on Welltower from $255.00 to $275.00 and gave the stock a "buy" rating in a report on Friday, July 31st. Finally, Deutsche Bank Aktiengesellschaft raised their target price on shares of Welltower from $215.00 to $265.00 and gave the company a "buy" rating in a research 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's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $250.00.

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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