Sumitomo Mitsui Trust Group Inc. Sells 7,623 Shares of Welltower Inc. $WELL

Sumitomo Mitsui Trust Group Inc. lessened its holdings in Welltower Inc. (NYSE:WELL) by 0.2% in the first quarter, HoldingsChannel reports. The institutional investor owned 3,177,717 shares of the real estate investment trust’s stock after selling 7,623 shares during the quarter. Sumitomo Mitsui Trust Group Inc.’s holdings in Welltower were worth $628,266,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Leonteq Securities AG lifted its position in shares of Welltower by 92.3% in the first quarter. Leonteq Securities AG now owns 125 shares of the real estate investment trust’s stock valued at $25,000 after acquiring an additional 60 shares in the last quarter. Sound Income Strategies LLC grew its position in shares of Welltower by 124.6% during the first quarter. Sound Income Strategies LLC now owns 137 shares of the real estate investment trust’s stock worth $27,000 after purchasing an additional 76 shares in the last quarter. Marquette Asset Management LLC raised its stake in Welltower by 62.8% during the 4th quarter. Marquette Asset Management LLC now owns 153 shares of the real estate investment trust’s stock valued at $28,000 after purchasing an additional 59 shares during the period. Swiss RE Ltd. bought a new stake in Welltower during the 4th quarter valued at approximately $29,000. Finally, Quarry LP purchased a new position in Welltower in the 3rd quarter worth approximately $33,000. 94.80% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on WELL. Barclays started coverage on Welltower in a research note on Tuesday. They issued an “equal weight” rating and a $254.00 price target for the company. Scotiabank lowered their target price on shares of Welltower from $248.00 to $232.00 and set a “sector outperform” rating on the stock in a report on Thursday, June 18th. Raymond James Financial initiated coverage on shares of Welltower in a report on Tuesday, June 16th. They issued an “outperform” rating and a $226.00 target price on the stock. Mizuho set a $239.00 target price on shares of Welltower in a research report on Friday, May 22nd. Finally, BMO Capital Markets reaffirmed an “outperform” rating and set a $245.00 target price on shares of Welltower in a research note on Monday, May 4th. Thirteen equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $234.72.

Welltower Price Performance

NYSE:WELL opened at $234.01 on Thursday. The business’s 50-day moving average is $215.70 and its 200 day moving average is $204.46. Welltower Inc. has a 12 month low of $150.70 and a 12 month high of $239.10. The company has a market capitalization of $165.19 billion, a P/E ratio of 115.85, a P/E/G ratio of 1.17 and a beta of 0.77. The company has a current ratio of 4.31, a quick ratio of 4.31 and a debt-to-equity ratio of 0.40.

Welltower (NYSE:WELL) last released its quarterly earnings results on Tuesday, April 28th. The real estate investment trust reported $1.02 earnings per share for the quarter, beating the consensus estimate of $0.68 by $0.34. Welltower had a return on equity of 3.45% and a net margin of 11.96%.The business had revenue of $3.35 billion during the quarter, compared to analysts’ expectations of $3.12 billion. During the same quarter last year, the business posted $1.20 EPS. The firm’s revenue for the quarter was up 38.3% compared to the same quarter last year. Welltower has set its FY 2026 guidance at 6.210-6.350 EPS. On average, equities research analysts forecast that Welltower Inc. will post 6.32 earnings per share for the current fiscal year.

Welltower Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 21st. Investors of record on Wednesday, May 13th were issued a $0.74 dividend. The ex-dividend date of this dividend was Wednesday, May 13th. This represents a $2.96 dividend on an annualized basis and a dividend yield of 1.3%. Welltower’s dividend payout ratio (DPR) is 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.