Hartford Funds Management Co LLC Lowers Stake in Welltower Inc. $WELL

Hartford Funds Management Co LLC lessened its stake in Welltower Inc. (NYSE:WELL) by 18.7% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 10,660 shares of the real estate investment trust’s stock after selling 2,455 shares during the period. Welltower comprises approximately 0.2% of Hartford Funds Management Co LLC’s portfolio, making the stock its 27th largest position. Hartford Funds Management Co LLC’s holdings in Welltower were worth $2,108,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in WELL. Parkside Financial Bank & Trust lifted its stake in Welltower by 2.5% during the fourth quarter. Parkside Financial Bank & Trust now owns 1,977 shares of the real estate investment trust’s stock worth $367,000 after purchasing an additional 49 shares in the last quarter. KCM Investment Advisors LLC grew its stake in shares of Welltower by 3.2% in the fourth quarter. KCM Investment Advisors LLC now owns 1,678 shares of the real estate investment trust’s stock valued at $311,000 after buying an additional 52 shares in the last quarter. CYBER HORNET ETFs LLC raised its holdings in shares of Welltower by 3.5% in the 3rd quarter. CYBER HORNET ETFs LLC now owns 1,582 shares of the real estate investment trust’s stock valued at $282,000 after buying an additional 53 shares during the period. Verdence Capital Advisors LLC raised its holdings in shares of Welltower by 4.2% in the 4th quarter. Verdence Capital Advisors LLC now owns 1,385 shares of the real estate investment trust’s stock valued at $257,000 after buying an additional 56 shares during the period. Finally, Wedmont Private Capital lifted its stake in Welltower by 0.6% during the 4th quarter. Wedmont Private Capital now owns 9,279 shares of the real estate investment trust’s stock worth $1,723,000 after acquiring an additional 57 shares in the last quarter. Institutional investors and hedge funds own 94.80% of the company’s stock.

Analyst Upgrades and Downgrades

WELL has been the subject of a number of research analyst reports. Citigroup raised their target price on Welltower from $245.00 to $255.00 and gave the company a “buy” rating in a report on Tuesday, May 5th. Mizuho set a $239.00 price target on shares of Welltower in a research note on Friday, May 22nd. Deutsche Bank Aktiengesellschaft increased their price target on shares of Welltower from $215.00 to $265.00 and gave the stock a “buy” rating in a research report on Wednesday, July 1st. Wall Street Zen raised shares of Welltower from a “sell” rating to a “hold” rating in a research note on Saturday, May 2nd. Finally, UBS Group lifted their price objective on shares of Welltower from $249.00 to $271.00 and gave the company a “buy” rating in a report on Wednesday, July 8th. Thirteen research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $234.72.

Welltower Price Performance

Shares of WELL opened at $234.40 on Tuesday. Welltower Inc. has a twelve month low of $155.33 and a twelve month high of $239.10. The firm’s fifty day simple moving average is $216.78 and its 200-day simple moving average is $205.44. The firm has a market capitalization of $165.46 billion, a price-to-earnings ratio of 116.04, a PEG ratio of 1.14 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 data on Tuesday, April 28th. The real estate investment trust reported $1.02 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.68 by $0.34. The business 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 company’s revenue for the quarter 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. Equities analysts forecast that Welltower Inc. will post 6.32 EPS for the current fiscal year.

Welltower Announces Dividend

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