206,164 Shares in Welltower Inc. $WELL Bought by NewEdge Wealth LLC

NewEdge Wealth LLC purchased a new position in shares of Welltower Inc. (NYSE:WELL) during the 2nd quarter, Holdings Channel.com reports. The fund purchased 206,164 shares of the real estate investment trust’s stock, valued at approximately $46,793,000.

A number of other large investors have also recently added to or reduced their stakes in the company. Norges Bank bought a new position in shares of Welltower in the 4th quarter valued at about $5,466,264,000. Cardano Risk Management B.V. increased its stake in shares of Welltower by 955.3% during the 4th quarter. Cardano Risk Management B.V. now owns 9,513,540 shares of the real estate investment trust’s stock worth $1,765,808,000 after purchasing an additional 8,612,016 shares during the last quarter. Capital World Investors raised its holdings in shares of Welltower by 153.0% in 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. BlackRock Inc. raised its holdings in shares of Welltower by 5.5% in the 2nd quarter. BlackRock Inc. now owns 78,049,214 shares of the real estate investment trust’s stock valued at $17,714,830,000 after purchasing an additional 4,045,458 shares during the period. Finally, Vanguard Group Inc. lifted its stake in Welltower by 2.9% in 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 last quarter. Institutional investors and hedge funds own 94.80% of the company’s stock.

Welltower Stock Performance

NYSE WELL opened at $235.59 on Thursday. The stock has a market cap of $169.80 billion, a PE ratio of 108.07, a P/E/G ratio of 1.13 and a beta of 0.76. The company has a debt-to-equity ratio of 0.37, a quick ratio of 3.16 and a current ratio of 3.16. The firm has a 50-day moving average of $231.43 and a 200-day moving average of $215.31. Welltower Inc. has a 52-week low of $163.75 and a 52-week high of $255.20.

Welltower (NYSE:WELL) last announced its quarterly earnings results on Monday, July 27th. The real estate investment trust reported $0.61 EPS for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.05). The company had revenue of $3.54 billion during the quarter, compared to analyst estimates of $3.40 billion. Welltower had a net margin of 12.15% and a return on equity of 3.56%. The firm’s quarterly revenue was up 39.1% on a year-over-year basis. During the same quarter last year, the company posted $1.28 EPS. Welltower has set its FY 2026 guidance at 6.360-6.440 EPS. On average, sell-side analysts anticipate that Welltower Inc. will post 6.44 EPS for the current year.

Welltower Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, August 20th. Investors of record on Wednesday, August 12th will be issued a dividend of $0.85 per share. This represents a $3.40 annualized dividend and a yield of 1.4%. The ex-dividend date of this dividend is Wednesday, August 12th. This is an increase from Welltower’s previous quarterly dividend of $0.74. Welltower’s payout ratio is 155.96%.

Analysts Set New Price Targets

A number of research firms recently commented on WELL. BMO Capital Markets reiterated an “outperform” rating and set a $245.00 price target on shares of Welltower in a report on Monday, May 4th. Raymond James Financial started coverage on Welltower in a research note on Tuesday, June 16th. They issued an “outperform” rating and a $226.00 price objective on the stock. Barclays initiated coverage on Welltower in a research report on Tuesday, July 7th. They issued an “equal weight” rating and a $254.00 price objective for the company. Jefferies Financial Group lifted their target price on Welltower from $237.00 to $248.00 and gave the stock a “buy” rating in a research note on Tuesday, May 12th. Finally, KeyCorp boosted their target price on Welltower from $240.00 to $275.00 and gave the stock an “overweight” rating in a report on Tuesday, August 4th. Fourteen investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, Welltower has a consensus rating of “Moderate Buy” and a consensus target price of $246.11.

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.