State Street Corp Has $9.56 Billion Holdings in Welltower Inc. $WELL

Key Points

• State Street increased its Welltower stake by 1.4% in the second quarter, owning 42.14 million shares valued at approximately $9.56 billion, or 5.85% of the REIT. Institutional investors collectively own 94.8% of Welltower.
• Analysts remain broadly bullish, with 14 Buy ratings and three Holds; the consensus price target is $252.33, above the reported share price of $230.97.
• Welltower raised its quarterly dividend to $0.85 per share, equivalent to a $3.40 annualized payout and a 1.5% yield. However, quarterly EPS of $0.61 missed estimates of $0.66 despite revenue rising 39.1% year over year to $3.54 billion.

State Street Corp grew its stake in Welltower Inc. (NYSE:WELL - Free Report) by 1.4% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 42,138,810 shares of the real estate investment trust's stock after purchasing an additional 578,033 shares during the period. State Street Corp owned about 5.85% of Welltower worth $9,564,246,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Sequoia Financial Advisors LLC lifted its position in shares of Welltower by 2.2% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 19,901 shares of the real estate investment trust's stock worth $4,517,000 after acquiring an additional 424 shares during the period. IPG Investment Advisors LLC bought a new stake in shares of Welltower during the second quarter valued at approximately $1,884,000. MCF Advisors LLC raised its stake in shares of Welltower by 26.5% in the second quarter. MCF Advisors LLC now owns 735 shares of the real estate investment trust's stock valued at $167,000 after purchasing an additional 154 shares in the last quarter. Scholtz & Company LLC acquired a new position in shares of Welltower in the second quarter valued at $211,000. Finally, National Pension Service lifted its position in Welltower by 3.2% in the second quarter. National Pension Service now owns 2,015,067 shares of the real estate investment trust's stock worth $457,360,000 after purchasing an additional 62,043 shares during the period. Institutional investors own 94.80% of the company's stock.

Analysts Set New Price Targets

Several brokerages have issued reports on WELL. Cantor Fitzgerald boosted their price target on shares of Welltower from $235.00 to $260.00 and gave the company an "overweight" rating in a report on Friday, July 31st. Mizuho increased their price objective on shares of Welltower from $239.00 to $260.00 and gave the company an "outperform" rating in a research note on Wednesday, July 22nd. UBS Group raised their price objective on shares of Welltower from $249.00 to $271.00 and gave the stock a "buy" rating in a report on Wednesday, July 8th. Weiss Ratings cut shares of Welltower from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Wednesday, June 24th. Finally, Morgan Stanley increased their price target on shares of Welltower from $215.00 to $251.00 and gave the stock an "overweight" rating in a research report on Tuesday, September 1st. Fourteen analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $252.33.

Welltower Price Performance

Shares of NYSE WELL traded down $1.78 during midday trading on Tuesday, reaching $230.97. 551,574 shares of the company traded hands, compared to its average volume of 3,167,887. Welltower Inc. has a 12 month low of $163.75 and a 12 month high of $255.20. The company has a debt-to-equity ratio of 0.37, a quick ratio of 3.16 and a current ratio of 3.16. The stock's 50-day simple moving average is $237.73 and its 200-day simple moving average is $220.76. The firm has a market cap of $166.47 billion, a PE ratio of 106.17, a PEG ratio of 1.10 and a beta of 0.76.

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

Welltower Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 20th. Investors of record on Wednesday, August 12th were given a dividend of $0.85 per share. This is a boost from Welltower's previous quarterly dividend of $0.74. The ex-dividend date was Wednesday, August 12th. This represents a $3.40 dividend on an annualized basis and a yield of 1.5%. Welltower's dividend payout ratio is currently 155.96%.

Insiders Place Their Bets

In other Welltower news, Director Andrew Gundlach acquired 5,000 shares of the business's stock in a transaction on Wednesday, August 26th. The stock was purchased at an average price of $242.06 per share, for a total transaction of $1,210,300.00. Following the transaction, the director owned 30,000 shares in the company, valued at $7,261,800. This trade represents a 20.00% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Purchased indirectly through two trusts. The transaction was executed in multiple trades at prices ranging from $241.59 to $242.59. The reported $242.06 price is the weighted-average purchase price. 0.37% of the stock is owned by corporate insiders.

Welltower Profile

Welltower Inc is a real estate investment trust (REIT) that owns, operates and finances healthcare-related real estate. The company focuses on properties that support healthcare delivery and services, including senior housing communities, outpatient medical facilities and post-acute care properties.

Welltower partners with healthcare providers, senior housing operators and other service providers to develop and manage facilities designed to serve aging populations and patients requiring ongoing or specialized care.

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