Welltower Inc. $WELL Shares Sold by TD Asset Management Inc

Key Points

• TD Asset Management reduced its Welltower stake by 5.7% in the second quarter, selling 54,749 shares and retaining 897,789 shares valued at approximately $203.8 million. Institutional investors collectively own 94.8% of the REIT.
• Analysts remain broadly positive, with 14 Buy ratings and three Holds producing a consensus “Moderate Buy” rating and a $246.11 price target. KeyCorp recently raised its target to $275, while other targets range from $226 to $254.
• Welltower shares opened at $235.55, near their $255.20 52-week high, despite the company missing quarterly EPS estimates. The REIT increased its quarterly dividend to $0.85 per share, or $3.40 annually, yielding about 1.4%.

TD Asset Management Inc decreased its position in Welltower Inc. (NYSE:WELL - Free Report) by 5.7% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 897,789 shares of the real estate investment trust's stock after selling 54,749 shares during the period. TD Asset Management Inc owned approximately 0.12% of Welltower worth $203,771,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also added to or reduced their stakes in the company. Norges Bank purchased a new position in shares of Welltower in the fourth quarter worth about $5,466,264,000. Cardano Risk Management B.V. boosted its position in Welltower by 955.3% in the fourth quarter. Cardano Risk Management B.V. now owns 9,513,540 shares of the real estate investment trust's stock valued at $1,765,808,000 after buying an additional 8,612,016 shares during the last quarter. Capital World Investors increased its holdings in Welltower by 153.0% in the 4th quarter. Capital World Investors now owns 10,744,520 shares of the real estate investment trust's stock worth $1,994,290,000 after buying an additional 6,497,258 shares during the period. Vanguard Group Inc. increased its holdings in Welltower by 2.9% in the 4th 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 during the period. Finally, Price T Rowe Associates Inc. MD raised its position in Welltower by 11.5% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 16,826,035 shares of the real estate investment trust's stock worth $3,123,082,000 after buying an additional 1,734,922 shares during the last quarter. Hedge funds and other institutional investors own 94.80% of the company's stock.

Analysts Set New Price Targets

Several analysts have commented on WELL shares. BMO Capital Markets restated an "outperform" rating and set a $245.00 price objective on shares of Welltower in a research note on Monday, May 4th. Raymond James Financial assumed coverage on shares of Welltower in a research note on Tuesday, June 16th. They issued an "outperform" rating and a $226.00 price objective on the stock. Weiss Ratings cut shares of Welltower from a "buy (b-)" rating to a "hold (c+)" rating in a report on Wednesday, June 24th. Barclays began coverage on shares of Welltower in a research report on Tuesday, July 7th. They set an "equal weight" rating and a $254.00 target price for the company. Finally, KeyCorp upped their price target on shares of Welltower from $240.00 to $275.00 and gave the company an "overweight" rating in a report on Tuesday, August 4th. Fourteen 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, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $246.11.

Welltower Stock Up 0.5%

WELL stock opened at $235.55 on Friday. Welltower Inc. has a one year low of $161.26 and a one year 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 firm's fifty day moving average is $229.65 and its 200 day moving average is $214.01. The firm has a market cap of $169.77 billion, a PE ratio of 108.05, a P/E/G ratio of 1.12 and a beta of 0.76.

Welltower (NYSE:WELL - Get Free Report) last issued its quarterly earnings data on Monday, July 27th. The real estate investment trust reported $0.61 earnings per share for the quarter, missing analysts' consensus estimates of $0.66 by ($0.05). Welltower had a return on equity of 3.56% and a net margin of 12.15%.The firm had revenue of $3.54 billion during the quarter, compared to analyst estimates of $3.40 billion. During the same quarter last year, the company posted $1.28 EPS. The company's revenue was up 39.1% on a year-over-year basis. Welltower has set its FY 2026 guidance at 6.360-6.440 EPS. On average, research analysts forecast that Welltower Inc. will post 6.43 EPS for the current year.

Welltower Increases Dividend

The firm also recently declared 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. The ex-dividend date is Wednesday, August 12th. This represents a $3.40 annualized dividend and a dividend yield of 1.4%. This is a boost from Welltower's previous quarterly dividend of $0.74. Welltower's dividend payout ratio (DPR) is presently 155.96%.

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.

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