Providence Financial Advisors LLC Buys New Stake in Welltower Inc. $WELL

Providence Financial Advisors LLC purchased a new stake in Welltower Inc. (NYSE:WELL) during the third quarter, according to its most recent filing with the SEC. The fund purchased 2,487 shares of the real estate investment trust’s stock, valued at approximately $443,000. Welltower comprises about 0.4% of Providence Financial Advisors LLC’s portfolio, making the stock its 26th largest holding.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Northwestern Mutual Investment Management Company LLC increased its holdings in shares of Welltower by 7.5% in the third quarter. Northwestern Mutual Investment Management Company LLC now owns 21,316 shares of the real estate investment trust’s stock worth $3,797,000 after purchasing an additional 1,496 shares during the last quarter. Fifth Third Bancorp increased its stake in Welltower by 1.2% in the 3rd quarter. Fifth Third Bancorp now owns 85,953 shares of the real estate investment trust’s stock worth $15,312,000 after acquiring an additional 1,048 shares during the last quarter. State of New Jersey Common Pension Fund D raised its holdings in shares of Welltower by 3.4% during the 3rd quarter. State of New Jersey Common Pension Fund D now owns 484,908 shares of the real estate investment trust’s stock worth $86,382,000 after acquiring an additional 16,156 shares in the last quarter. Hardy Reed LLC boosted its position in shares of Welltower by 13.8% during the 3rd quarter. Hardy Reed LLC now owns 1,790 shares of the real estate investment trust’s stock valued at $319,000 after acquiring an additional 217 shares during the last quarter. Finally, PNC Financial Services Group Inc. grew its holdings in shares of Welltower by 1.4% in the third quarter. PNC Financial Services Group Inc. now owns 221,160 shares of the real estate investment trust’s stock valued at $39,397,000 after purchasing an additional 3,100 shares in the last quarter. Institutional investors own 94.80% of the company’s stock.

Welltower Stock Up 1.2%

Shares of NYSE:WELL opened at $210.71 on Monday. The firm has a market capitalization of $147.02 billion, a PE ratio of 150.51, a price-to-earnings-growth ratio of 1.42 and a beta of 0.85. The business has a 50 day simple moving average of $189.50 and a two-hundred day simple moving average of $181.72. Welltower Inc. has a 1 year low of $130.29 and a 1 year high of $212.62. The company has a debt-to-equity ratio of 0.45, a current ratio of 3.46 and a quick ratio of 3.46.

Welltower (NYSE:WELL) last issued its quarterly earnings results on Tuesday, February 10th. The real estate investment trust reported $1.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.44 by $0.01. The firm had revenue of $3.18 billion during the quarter, compared to analyst estimates of $2.93 billion. Welltower had a return on equity of 2.46% and a net margin of 8.64%.Welltower’s quarterly revenue was up 41.3% compared to the same quarter last year. During the same period last year, the company earned $1.13 EPS. Welltower has set its FY 2026 guidance at 6.090-6.25 EPS. On average, equities analysts predict that Welltower Inc. will post 4.88 EPS for the current year.

Welltower Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 10th. Stockholders of record on Wednesday, February 25th will be issued a $0.74 dividend. The ex-dividend date is Wednesday, February 25th. This represents a $2.96 dividend on an annualized basis and a dividend yield of 1.4%. Welltower’s dividend payout ratio is presently 211.43%.

Analysts Set New Price Targets

A number of research firms recently issued reports on WELL. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Welltower in a research note on Monday, December 29th. KeyCorp reaffirmed an “overweight” rating on shares of Welltower in a report on Wednesday. Loop Capital set a $196.00 price target on Welltower in a research report on Wednesday, October 29th. Scotiabank upped their price objective on Welltower from $182.00 to $214.00 and gave the company a “sector outperform” rating in a research report on Thursday, November 13th. Finally, Morgan Stanley lifted their target price on Welltower from $170.00 to $200.00 and gave the stock an “overweight” rating in a report on Thursday, November 20th. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Welltower presently has a consensus rating of “Moderate Buy” and an average target price of $210.21.

About Welltower

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.