Van Lanschot Kempen Investment Management N.V. raised its position in shares of Welltower Inc. (NYSE:WELL – Free Report) by 10.6% in the fourth quarter, Holdings Channel.com reports. The fund owned 116,066 shares of the real estate investment trust’s stock after acquiring an additional 11,157 shares during the quarter. Van Lanschot Kempen Investment Management N.V.’s holdings in Welltower were worth $21,543,000 at the end of the most recent reporting period.
A number of other hedge funds have also made changes to their positions in the company. Vanguard Group Inc. increased its holdings in shares of Welltower by 2.9% in the fourth quarter. Vanguard Group Inc. now owns 92,421,471 shares of the real estate investment trust’s stock valued at $17,154,349,000 after purchasing an additional 2,643,088 shares during the last quarter. Capital International Investors increased its holdings in shares of Welltower by 2.0% in the fourth quarter. Capital International Investors now owns 47,431,769 shares of the real estate investment trust’s stock valued at $8,805,411,000 after purchasing an additional 915,514 shares during the last quarter. State Street Corp increased its holdings in shares of Welltower by 4.1% in the third quarter. State Street Corp now owns 41,253,954 shares of the real estate investment trust’s stock valued at $7,348,979,000 after purchasing an additional 1,637,665 shares during the last quarter. Norges Bank acquired a new stake in shares of Welltower in the fourth quarter valued at approximately $5,466,264,000. Finally, Bank of America Corp DE increased its holdings in shares of Welltower by 1.9% in the third quarter. Bank of America Corp DE now owns 19,378,590 shares of the real estate investment trust’s stock valued at $3,452,102,000 after purchasing an additional 367,463 shares during the last quarter. Institutional investors and hedge funds own 94.80% of the company’s stock.
Wall Street Analysts Forecast Growth
Several equities research analysts recently commented on WELL shares. UBS Group increased their price target on Welltower from $240.00 to $249.00 and gave the company a “buy” rating in a report on Monday, May 4th. Scotiabank increased their price target on Welltower from $236.00 to $248.00 and gave the company an “outperform” rating in a report on Thursday, May 21st. Citigroup increased their price target on Welltower from $245.00 to $255.00 and gave the company a “buy” rating in a report on Tuesday, May 5th. Jefferies Financial Group increased their price target on Welltower from $237.00 to $248.00 and gave the company a “buy” rating in a report on Tuesday, May 12th. Finally, Morgan Stanley increased their price target on Welltower from $200.00 to $215.00 and gave the company an “overweight” rating in a report on Wednesday, February 18th. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $231.60.
Welltower Trading Up 1.6%
Shares of Welltower stock opened at $213.96 on Friday. The firm has a market capitalization of $151.03 billion, a price-to-earnings ratio of 105.92, a PEG ratio of 1.09 and a beta of 0.79. Welltower Inc. has a fifty-two week low of $148.97 and a fifty-two week high of $221.68. The company has a debt-to-equity ratio of 0.40, a quick ratio of 4.31 and a current ratio of 4.31. The stock has a 50 day moving average of $209.96 and a 200 day moving average of $201.30.
Welltower (NYSE:WELL – Get Free Report) last issued its quarterly earnings data on Tuesday, April 28th. The real estate investment trust reported $1.02 earnings per share for the quarter, topping the consensus estimate of $0.68 by $0.34. The company had revenue of $3.35 billion during the quarter, compared to analyst estimates of $3.12 billion. Welltower had a return on equity of 3.45% and a net margin of 11.96%.The firm’s revenue for the quarter was up 38.3% compared to the same quarter last year. During the same period in the prior year, the business posted $1.20 earnings per share. Welltower has set its FY 2026 guidance at 6.210-6.350 EPS. As a group, research analysts predict that Welltower Inc. will post 6.32 earnings per share for the current year.
Welltower Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 21st. Investors of record on Wednesday, May 13th were given a $0.74 dividend. This represents a $2.96 annualized dividend and a yield of 1.4%. The ex-dividend date was Wednesday, May 13th. Welltower’s dividend payout ratio is presently 146.53%.
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.
See Also
- Five stocks we like better than Welltower
- TJX: Retail’s Apex Predator Feasts on Inflation
- MarketBeat Week in Review – 06/08 – 06/12
- SpaceX Rings the Bell and Shatters Every Record
- Adobe Stock Just Got Cheaper—Is Wall Street Missing the Story?
Want to see what other hedge funds are holding WELL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Welltower Inc. (NYSE:WELL – Free Report).
Receive News & Ratings for Welltower Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Welltower and related companies with MarketBeat.com's FREE daily email newsletter.
