Northeast Investment Management Acquires New Holdings in Welltower Inc. $WELL

Northeast Investment Management bought a new position in shares of Welltower Inc. (NYSE:WELL) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 6,562 shares of the real estate investment trust’s stock, valued at approximately $1,297,000.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Benchmark Investment Advisors LLC purchased a new position in shares of Welltower during the 3rd quarter valued at about $901,000. AIA Group Ltd boosted its stake in Welltower by 53.8% in the third quarter. AIA Group Ltd now owns 24,000 shares of the real estate investment trust’s stock worth $4,275,000 after buying an additional 8,400 shares in the last quarter. Van ECK Associates Corp boosted its stake in Welltower by 12.7% in the third quarter. Van ECK Associates Corp now owns 359,093 shares of the real estate investment trust’s stock worth $63,969,000 after buying an additional 40,360 shares in the last quarter. Nordea Investment Management AB grew its position in Welltower by 11.8% during the fourth quarter. Nordea Investment Management AB now owns 1,930,894 shares of the real estate investment trust’s stock valued at $358,915,000 after acquiring an additional 204,317 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC grew its position in Welltower by 30.2% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 195,052 shares of the real estate investment trust’s stock valued at $36,214,000 after acquiring an additional 45,214 shares during the last quarter. 94.80% of the stock is currently owned by hedge funds and other institutional investors.

Welltower Stock Performance

NYSE:WELL opened at $223.41 on Friday. The firm 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. Welltower Inc. has a fifty-two week low of $148.97 and a fifty-two week high of $224.47. 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 business has a 50 day moving average price of $211.52 and a 200-day moving average price of $201.85.

Welltower (NYSE:WELL) last issued its earnings results on Tuesday, April 28th. The real estate investment trust reported $1.02 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 for the quarter, compared to the consensus estimate of $3.12 billion. During the same period in the previous year, the firm earned $1.20 earnings per share. The firm’s revenue for the quarter was up 38.3% on a year-over-year basis. Welltower has set its FY 2026 guidance at 6.210-6.350 EPS. Equities research analysts predict that Welltower Inc. will post 6.32 earnings per share for the current year.

Welltower Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 21st. Shareholders of record on Wednesday, May 13th were given 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 1.3%. Welltower’s payout ratio is presently 146.53%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on WELL shares. Citigroup boosted their price objective on shares of Welltower from $245.00 to $255.00 and gave the stock a “buy” rating in a report on Tuesday, May 5th. BMO Capital Markets reiterated an “outperform” rating and issued a $245.00 target price on shares of Welltower in a research report on Monday, May 4th. Jefferies Financial Group boosted 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. Scotiabank cut their price target 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. Finally, Wall Street Zen raised Welltower from a “sell” rating to a “hold” rating in a research note on Saturday, May 2nd. Twelve research 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 an average 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.