State Street Corp Boosts Stake in Welltower Inc. $WELL

State Street Corp grew its stake in Welltower Inc. (NYSE:WELL) by 1.2% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 41,760,328 shares of the real estate investment trust’s stock after buying an additional 506,374 shares during the period. State Street Corp owned approximately 0.06% of Welltower worth $7,751,134,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Vanguard Group Inc. raised 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 worth $17,154,349,000 after buying an additional 2,643,088 shares during the last quarter. Capital International Investors raised 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 worth $8,805,411,000 after buying an additional 915,514 shares during the last quarter. Norges Bank purchased a new position in shares of Welltower in the fourth quarter worth $5,466,264,000. Bank of America Corp DE raised 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 worth $3,452,102,000 after buying an additional 367,463 shares during the last quarter. Finally, Geode Capital Management LLC raised its holdings in shares of Welltower by 4.8% in the fourth quarter. Geode Capital Management LLC now owns 17,007,371 shares of the real estate investment trust’s stock worth $3,155,047,000 after buying an additional 774,692 shares during the last quarter. Hedge funds and other institutional investors own 94.80% of the company’s stock.

Analyst Ratings Changes

WELL has been the subject of a number of research analyst reports. Jefferies Financial Group raised their price target on shares of Welltower from $237.00 to $248.00 and gave the stock a “buy” rating in a report on Tuesday, May 12th. UBS Group raised 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. Mizuho set a $239.00 price target on shares of Welltower in a report on Friday, May 22nd. Wall Street Zen raised shares of Welltower from a “sell” rating to a “hold” rating in a report on Saturday, May 2nd. Finally, BMO Capital Markets reaffirmed an “outperform” rating and issued a $245.00 price target on shares of Welltower in a report on Monday, May 4th. One 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 data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $231.60.

Welltower Stock Up 1.6%

NYSE:WELL opened at $213.96 on Friday. The firm has a market capitalization of $151.03 billion, a P/E ratio of 105.92, a PEG ratio of 1.09 and a beta of 0.79. Welltower Inc. has a 1-year low of $148.97 and a 1-year high of $221.68. The company’s fifty day moving average price is $209.96 and its 200-day moving average price is $201.30. 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 released its quarterly earnings data 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 firm had revenue of $3.35 billion for the quarter, compared to analyst estimates of $3.12 billion. Welltower had a net margin of 11.96% and a return on equity of 3.45%. The business’s quarterly revenue was up 38.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.20 earnings per share. Welltower has set its FY 2026 guidance at 6.210-6.350 EPS. As a group, equities research analysts anticipate that Welltower Inc. will post 6.32 EPS for the current year.

Welltower Announces Dividend

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

About Welltower

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.