Welltower Inc. $WELL Shares Bought by Walleye Capital LLC

Key Points

• Walleye Capital increased its Welltower stake by 438.9% in the second quarter, adding 172,398 shares to own 211,681 shares worth approximately $48.0 million. Institutional investors and hedge funds collectively own 94.8% of the stock.
• Welltower reported quarterly revenue of $3.54 billion, up 39.1% year over year and above estimates, though adjusted earnings of $0.61 per share missed consensus by $0.05. The company raised its quarterly dividend from $0.74 to $0.85, implying a 1.4% annual yield.
• Analysts remain broadly bullish, with 14 Buy ratings and three Holds; the stock has an average “Moderate Buy” rating and a consensus price target of $246.11, while several firms raised targets as high as $275.

Walleye Capital LLC grew its stake in shares of Welltower Inc. (NYSE:WELL - Free Report) by 438.9% during the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 211,681 shares of the real estate investment trust's stock after purchasing an additional 172,398 shares during the period. Walleye Capital LLC's holdings in Welltower were worth $48,045,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Leonteq Securities AG lifted its stake in shares of Welltower by 92.3% in the first quarter. Leonteq Securities AG now owns 125 shares of the real estate investment trust's stock valued at $25,000 after purchasing an additional 60 shares during the period. Sound Income Strategies LLC increased its holdings in Welltower by 124.6% in the first quarter. Sound Income Strategies LLC now owns 137 shares of the real estate investment trust's stock valued at $27,000 after buying an additional 76 shares in the last quarter. Swiss RE Ltd. purchased a new position in Welltower in the fourth quarter valued at about $29,000. Quarry LP acquired a new stake in shares of Welltower during the 3rd quarter valued at approximately $33,000. Finally, Gunpowder Capital Management LLC dba Oliver Wealth Management acquired a new stake in shares of Welltower during the 4th quarter valued at approximately $37,000. 94.80% of the stock is owned by institutional investors and hedge funds.

Welltower Stock Performance

Shares of WELL opened at $235.55 on Friday. Welltower Inc. has a 12-month low of $161.26 and a 12-month high of $255.20. The stock has a market cap of $169.77 billion, a P/E ratio of 108.05, a PEG ratio of 1.12 and a beta of 0.76. 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 50-day moving average of $229.65 and a two-hundred day moving average of $214.01.

Welltower (NYSE:WELL - Get Free Report) last released its quarterly 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 during the quarter, compared to analyst estimates of $3.40 billion. During the same quarter in the prior year, the company earned $1.28 earnings per share. The firm's revenue for the quarter was up 39.1% compared to the same quarter last year. Welltower has set its FY 2026 guidance at 6.360-6.440 EPS. As a group, research analysts predict that Welltower Inc. will post 6.43 EPS for the current fiscal year.

Welltower Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, August 20th. Investors of record on Wednesday, August 12th will be paid a $0.85 dividend. This represents a $3.40 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date of this dividend is Wednesday, August 12th. This is an increase from Welltower's previous quarterly dividend of $0.74. Welltower's dividend payout ratio is currently 155.96%.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on WELL shares. Cantor Fitzgerald upped their price target on Welltower from $235.00 to $260.00 and gave the stock an "overweight" rating in a report on Friday, July 31st. Mizuho raised their price objective on Welltower from $239.00 to $260.00 and gave the company an "outperform" rating in a research note on Wednesday, July 22nd. Jefferies Financial Group lifted their price objective on Welltower from $237.00 to $248.00 and gave the stock a "buy" rating in a report on Tuesday, May 12th. KeyCorp boosted their target price on Welltower from $240.00 to $275.00 and gave the stock an "overweight" rating in a research report on Tuesday, August 4th. Finally, Citigroup upped their target price on Welltower from $255.00 to $275.00 and gave the company a "buy" rating in a report on Friday, July 31st. Fourteen analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, Welltower presently has an average rating of "Moderate Buy" and an average price target of $246.11.

Welltower 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source