160,631 Shares in Welltower Inc. $WELL Acquired by Connor Clark & Lunn Investment Management Ltd.

Connor Clark & Lunn Investment Management Ltd. purchased a new stake in Welltower Inc. (NYSE:WELL) in the second quarter, Holdings Channel.com reports. The institutional investor purchased 160,631 shares of the real estate investment trust’s stock, valued at approximately $36,458,000.

Other hedge funds also recently added to or reduced their stakes in the company. BlackRock Inc. boosted its holdings in shares of Welltower by 5.5% in 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 raised its stake in Welltower by 2.0% during 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 raised its stake in Welltower by 1.2% during the 4th 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 in the last quarter. Norges Bank purchased a new stake in Welltower in the fourth quarter valued at $5,466,264,000. Finally, Bank of America Corp DE boosted its stake in Welltower by 6.6% in 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 hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on WELL shares. Weiss Ratings downgraded Welltower from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, June 24th. Wall Street Zen upgraded Welltower from a “sell” rating to a “hold” rating in a research note on Saturday, May 2nd. Evercore reissued an “outperform” rating and issued a $260.00 price objective on shares of Welltower in a report on Thursday, July 30th. KeyCorp raised their target price on shares of Welltower from $240.00 to $275.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 4th. Finally, Jefferies Financial Group lifted their target price on shares of Welltower from $237.00 to $248.00 and gave the company a “buy” rating in a report on Tuesday, May 12th. Fourteen analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $246.11.

Welltower Price Performance

Shares of WELL opened at $240.07 on Tuesday. 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 stock’s 50 day moving average is $233.02 and its two-hundred day moving average is $216.40. Welltower Inc. has a twelve month low of $163.75 and a twelve month high of $255.20. The firm has a market capitalization of $173.03 billion, a PE ratio of 110.13, a P/E/G ratio of 1.14 and a beta of 0.76.

Welltower (NYSE:WELL) last released its quarterly earnings data on Monday, July 27th. The real estate investment trust reported $0.61 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.66 by ($0.05). The business had revenue of $3.54 billion during the quarter, compared to analysts’ expectations of $3.40 billion. Welltower had a return on equity of 3.56% and a net margin of 12.15%.The company’s revenue was up 39.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.28 EPS. Welltower has set its FY 2026 guidance at 6.360-6.440 EPS. Research analysts anticipate that Welltower Inc. will post 6.44 earnings per share for the current year.

Welltower Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, August 20th. Shareholders of record on Wednesday, August 12th were issued a $0.85 dividend. This represents a $3.40 annualized dividend and a yield of 1.4%. This is a positive change from Welltower’s previous quarterly dividend of $0.74. The ex-dividend date of this dividend was Wednesday, August 12th. Welltower’s dividend payout ratio is currently 155.96%.

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.