PNC Financial Services Group Inc. Increases Holdings in Welltower Inc. $WELL

PNC Financial Services Group Inc. grew its holdings in shares of Welltower Inc. (NYSE:WELL) by 1.5% during the 4th quarter, Holdings Channel reports. The institutional investor owned 224,453 shares of the real estate investment trust’s stock after acquiring an additional 3,293 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Welltower were worth $41,661,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in WELL. Vanguard Group Inc. increased 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 acquiring an additional 2,643,088 shares during the last quarter. Capital International Investors lifted its stake in shares of Welltower by 4.1% in the 3rd quarter. Capital International Investors now owns 46,516,255 shares of the real estate investment trust’s stock valued at $8,285,296,000 after purchasing an additional 1,842,934 shares during the last quarter. State Street Corp boosted its holdings in shares of Welltower by 4.1% in the 3rd 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 period. Bank of America Corp DE boosted its holdings in shares of Welltower by 1.9% in the 3rd 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 period. Finally, Northern Trust Corp boosted its holdings in shares of Welltower by 3.2% in the 3rd quarter. Northern Trust Corp now owns 9,106,068 shares of the real estate investment trust’s stock worth $1,622,155,000 after purchasing an additional 282,881 shares during the period. 94.80% of the stock is currently owned by hedge funds and other institutional investors.

Welltower Price Performance

Welltower stock opened at $215.67 on Friday. The stock has a market cap of $152.24 billion, a price-to-earnings ratio of 106.77, a price-to-earnings-growth ratio of 1.14 and a beta of 0.83. 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 Inc. has a 1 year low of $146.65 and a 1 year high of $221.68. The firm has a 50-day moving average of $207.95 and a two-hundred day moving average of $199.60.

Welltower (NYSE:WELL) last released its quarterly earnings data on Tuesday, April 28th. The real estate investment trust reported $1.02 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.68 by $0.34. The company had revenue of $3.35 billion during the quarter, compared to analysts’ expectations of $3.12 billion. Welltower had a net margin of 11.96% and a return on equity of 3.45%. The firm’s quarterly revenue was up 38.3% on a year-over-year basis. During the same period in the previous year, the company earned $1.20 EPS. Welltower has set its FY 2026 guidance at 6.210-6.350 EPS. On average, research analysts forecast that Welltower Inc. will post 6.28 earnings per share for the current year.

Welltower Dividend Announcement

The business 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. This represents a $2.96 annualized dividend and a yield of 1.4%. The ex-dividend date of this dividend was Wednesday, May 13th. Welltower’s payout ratio is 146.53%.

Analysts Set New Price Targets

WELL has been the topic of several recent research reports. KeyCorp increased their price target on Welltower from $210.00 to $240.00 and gave the company an “overweight” rating in a report on Tuesday, February 24th. Wells Fargo & Company increased their price target on Welltower from $218.00 to $228.00 and gave the company an “overweight” rating in a report on Thursday, March 26th. UBS Group increased their price target on Welltower from $240.00 to $249.00 and gave the company a “buy” rating in a report on Monday, May 4th. Morgan Stanley increased their price target on Welltower from $200.00 to $215.00 and gave the company an “overweight” rating in a report on Wednesday, February 18th. Finally, BMO Capital Markets reaffirmed an “outperform” rating and set a $245.00 price target on shares of Welltower in a research note on Monday, May 4th. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, Welltower has a consensus rating of “Moderate Buy” and an average price target of $230.47.

Welltower Company 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.