Korea Investment CORP Sells 159,666 Shares of Welltower Inc. $WELL

Korea Investment CORP cut its holdings in shares of Welltower Inc. (NYSE:WELL) by 19.9% in the 4th quarter, Holdings Channel reports. The firm owned 640,808 shares of the real estate investment trust’s stock after selling 159,666 shares during the period. Korea Investment CORP’s holdings in Welltower were worth $118,940,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its stake in Welltower by 2.9% during the fourth quarter. Vanguard Group Inc. now owns 92,421,471 shares of the real estate investment trust’s stock worth $17,154,349,000 after purchasing an additional 2,643,088 shares during the last quarter. Capital International Investors lifted its stake in Welltower by 2.0% during the fourth quarter. Capital International Investors now owns 47,431,769 shares of the real estate investment trust’s stock worth $8,805,411,000 after purchasing an additional 915,514 shares during the last quarter. State Street Corp lifted its stake in Welltower by 4.1% during the third quarter. State Street Corp now owns 41,253,954 shares of the real estate investment trust’s stock worth $7,348,979,000 after purchasing an additional 1,637,665 shares during the last quarter. Norges Bank bought a new stake in Welltower during the fourth quarter worth $5,466,264,000. Finally, Bank of America Corp DE lifted its stake in Welltower by 1.9% during the third quarter. Bank of America Corp DE now owns 19,378,590 shares of the real estate investment trust’s stock worth $3,452,102,000 after purchasing an additional 367,463 shares during the last quarter. 94.80% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

WELL has been the subject of several research analyst reports. UBS Group upped their price target on shares of Welltower from $240.00 to $249.00 and gave the stock a “buy” rating in a report on Monday, May 4th. Morgan Stanley upped their price target on shares of Welltower from $200.00 to $215.00 and gave the stock an “overweight” rating in a report on Wednesday, February 18th. Citigroup upped their price target on shares of Welltower from $245.00 to $255.00 and gave the stock a “buy” rating in a report on Tuesday, May 5th. Wall Street Zen upgraded shares of Welltower from a “sell” rating to a “hold” rating in a report on Saturday, May 2nd. Finally, KeyCorp upped their price target on shares of Welltower from $210.00 to $240.00 and gave the stock an “overweight” rating in a report on Tuesday, February 24th. 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 company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $231.60.

Welltower Stock Up 1.6%

Shares of Welltower stock opened at $213.96 on Friday. The stock’s 50-day moving average is $209.96 and its 200 day moving average is $201.30. Welltower Inc. has a one year low of $148.97 and a one year high of $221.68. The firm has a market cap of $151.03 billion, a price-to-earnings ratio of 105.92, a PEG ratio of 1.09 and a beta of 0.79. The company has a debt-to-equity ratio of 0.40, a current ratio of 4.31 and a quick ratio of 4.31.

Welltower (NYSE:WELL) last issued its earnings results on Tuesday, April 28th. The real estate investment trust reported $1.02 earnings per share for the quarter, topping analysts’ consensus estimates of $0.68 by $0.34. The business had revenue of $3.35 billion during the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same period in the previous year, the company posted $1.20 earnings per share. Welltower has set its FY 2026 guidance at 6.210-6.350 EPS. Equities research analysts anticipate that Welltower Inc. will post 6.32 EPS for the current year.

Welltower Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 21st. Shareholders of record on Wednesday, May 13th were issued a $0.74 dividend. This represents a $2.96 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date was Wednesday, May 13th. Welltower’s payout ratio is presently 146.53%.

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.