State Street Corp Buys 578,033 Shares of Welltower Inc. $WELL

State Street Corp lifted its stake in shares of Welltower Inc. (NYSE:WELL) by 1.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 42,138,810 shares of the real estate investment trust’s stock after purchasing an additional 578,033 shares during the period. State Street Corp owned approximately 0.06% of Welltower worth $9,564,246,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of WELL. Revolve Wealth Partners LLC lifted its holdings in Welltower by 3.3% during the 2nd quarter. Revolve Wealth Partners LLC now owns 1,392 shares of the real estate investment trust’s stock worth $316,000 after buying an additional 45 shares in the last quarter. Cornerstone Financial Management LLC boosted its position in Welltower by 3.5% in the 2nd quarter. Cornerstone Financial Management LLC now owns 1,318 shares of the real estate investment trust’s stock valued at $299,000 after buying an additional 45 shares during the last quarter. Family Wealth Partners LLC increased its stake in shares of Welltower by 1.3% in the 2nd quarter. Family Wealth Partners LLC now owns 3,678 shares of the real estate investment trust’s stock valued at $835,000 after buying an additional 48 shares during the period. Natural Investments LLC increased its stake in shares of Welltower by 3.0% in the 2nd quarter. Natural Investments LLC now owns 1,673 shares of the real estate investment trust’s stock valued at $379,000 after buying an additional 48 shares during the period. Finally, West Family Investments Inc. raised its position in shares of Welltower by 1.9% during the second quarter. West Family Investments Inc. now owns 2,569 shares of the real estate investment trust’s stock worth $583,000 after acquiring an additional 48 shares during the last quarter. Institutional investors and hedge funds own 94.80% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on WELL shares. Raymond James Financial began coverage on Welltower in a research note on Tuesday, June 16th. They set an “outperform” rating and a $226.00 price target on the stock. Cantor Fitzgerald boosted their price objective on Welltower from $235.00 to $260.00 and gave the stock an “overweight” rating in a report on Friday, July 31st. KeyCorp upped their target price on shares of Welltower from $240.00 to $275.00 and gave the company an “overweight” rating in a research report on Tuesday, August 4th. Royal Bank Of Canada raised their target price on shares of Welltower from $238.00 to $260.00 and gave the company an “outperform” rating in a research note on Monday, August 3rd. Finally, Weiss Ratings cut shares of Welltower from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, June 24th. Fourteen research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $252.33.

Welltower Trading Down 0.8%

Shares of NYSE:WELL traded down $1.78 during midday trading on Tuesday, hitting $230.97. The company had a trading volume of 551,574 shares, compared to its average volume of 3,167,887. Welltower Inc. has a 12 month low of $163.75 and a 12 month high of $255.20. 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 has a market cap of $166.47 billion, a price-to-earnings ratio of 106.17, a PEG ratio of 1.10 and a beta of 0.76. The firm has a fifty day simple moving average of $237.73 and a 200 day simple moving average of $220.76.

Welltower (NYSE:WELL) last posted its earnings results 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 company had revenue of $3.54 billion for the quarter, compared to analyst estimates of $3.40 billion. Welltower had a return on equity of 3.56% and a net margin of 12.15%.Welltower’s quarterly revenue was up 39.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.28 earnings per share. Welltower has set its FY 2026 guidance at 6.360-6.440 EPS. On average, analysts predict that Welltower Inc. will post 6.43 EPS 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 1.5%. This is a boost from Welltower’s previous quarterly dividend of $0.74. The ex-dividend date was Wednesday, August 12th. Welltower’s dividend payout ratio (DPR) is 155.96%.

Insider Activity

In other news, Director Andrew Gundlach acquired 5,000 shares of the stock in a transaction that occurred on Wednesday, August 26th. The stock was acquired at an average price of $242.06 per share, for a total transaction of $1,210,300.00. Following the transaction, the director directly owned 30,000 shares in the company, valued at approximately $7,261,800. This represents a 20.00% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this link. Purchased indirectly through two trusts. The transaction was executed in multiple trades at prices ranging from $241.59 to $242.59. The reported $242.06 price is the weighted-average purchase price. 0.37% of the stock is owned by company insiders.

Welltower Profile

Welltower Inc is a real estate investment trust (REIT) that owns, operates and finances healthcare-related real estate. The company focuses on properties that support healthcare delivery and services, including senior housing communities, outpatient medical facilities and post-acute care properties.

Welltower partners with healthcare providers, senior housing operators and other service providers to develop and manage facilities designed to serve aging populations and patients requiring ongoing or specialized care.