Northeast Investment Management Makes New Investment in Welltower Inc. $WELL

Northeast Investment Management acquired a new position in Welltower Inc. (NYSE:WELL) during the first quarter, according to its most recent filing with the SEC. The firm acquired 6,562 shares of the real estate investment trust’s stock, valued at approximately $1,297,000.

Other hedge funds have also recently made changes to their positions in the company. Norges Bank purchased a new stake in Welltower in the fourth quarter worth $5,466,264,000. Cardano Risk Management B.V. boosted its holdings 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 acquiring an additional 8,612,016 shares in the last quarter. Capital World Investors increased its position in Welltower by 153.0% during the 4th quarter. Capital World Investors now owns 10,744,520 shares of the real estate investment trust’s stock valued at $1,994,290,000 after purchasing an additional 6,497,258 shares during the period. Vanguard Group Inc. increased its position in Welltower by 2.9% during the 4th 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 period. Finally, Capital International Investors raised its holdings in Welltower by 4.1% in the 3rd quarter. Capital International Investors now owns 46,516,255 shares of the real estate investment trust’s stock worth $8,285,296,000 after purchasing an additional 1,842,934 shares in the last quarter. 94.80% of the stock is owned by hedge funds and other institutional investors.

Welltower Stock Performance

Shares of WELL stock opened at $223.41 on Friday. The company’s fifty day moving average price is $211.52 and its 200-day moving average price is $201.85. The stock has a market cap of $157.71 billion, a PE ratio of 110.60, a price-to-earnings-growth ratio of 1.14 and a beta of 0.79. The company has a current ratio of 4.31, a quick ratio of 4.31 and a debt-to-equity ratio of 0.40. Welltower Inc. has a 12 month low of $148.97 and a 12 month high of $224.47.

Welltower (NYSE:WELL) last issued its quarterly earnings results on Tuesday, April 28th. The real estate investment trust reported $1.02 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.68 by $0.34. Welltower had a net margin of 11.96% and a return on equity of 3.45%. The company had revenue of $3.35 billion during the quarter, compared to analyst estimates of $3.12 billion. During the same period last year, the business earned $1.20 EPS. Welltower’s quarterly revenue was up 38.3% compared to the same quarter last year. Welltower has set its FY 2026 guidance at 6.210-6.350 EPS. On average, equities analysts expect that Welltower Inc. will post 6.32 EPS for the current fiscal year.

Welltower Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 21st. Shareholders of record on Wednesday, May 13th were paid a dividend of $0.74 per share. The ex-dividend date of this dividend was Wednesday, May 13th. This represents a $2.96 dividend on an annualized basis and a dividend yield of 1.3%. Welltower’s dividend payout ratio (DPR) is currently 146.53%.

Analyst Ratings Changes

Several research firms have recently commented on WELL. Scotiabank dropped their target price on shares of Welltower from $248.00 to $232.00 and set a “sector outperform” rating for the company in a research report on Thursday, June 18th. Jefferies Financial Group increased their price target on shares of Welltower from $237.00 to $248.00 and gave the stock a “buy” rating in a research note on Tuesday, May 12th. Mizuho set a $239.00 price objective on shares of Welltower in a report on Friday, May 22nd. Wall Street Zen raised Welltower from a “sell” rating to a “hold” rating in a research report on Saturday, May 2nd. Finally, BMO Capital Markets reiterated an “outperform” rating and set a $245.00 target price on shares of Welltower in a report on Monday, May 4th. Twelve investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, Welltower presently has a consensus rating of “Moderate Buy” and a consensus target price of $230.25.

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.