Legal & General Group Plc Has $1.36 Billion Position in Welltower Inc. $WELL

Legal & General Group Plc boosted its holdings in Welltower Inc. (NYSE:WELL – Free Report) by 8.7% in the fourth quarter, Holdings Channel reports. The institutional investor owned 7,307,319 shares of the real estate investment trust’s stock after buying an additional 586,323 shares during the period. Legal & General Group Plc’s holdings in Welltower were worth $1,356,311,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the business. Glenview Trust Co raised its holdings in Welltower by 2.3% in the 4th quarter. Glenview Trust Co now owns 3,900 shares of the real estate investment trust’s stock valued at $724,000 after buying an additional 88 shares during the last quarter. Elite Life Management LLC bought a new stake in shares of Welltower in the 4th quarter valued at $221,000. Hantz Financial Services Inc. increased its stake in shares of Welltower by 5.7% in the 4th quarter. Hantz Financial Services Inc. now owns 6,277 shares of the real estate investment trust’s stock valued at $1,165,000 after acquiring an additional 337 shares in the last quarter. First National Trust Co bought a new stake in shares of Welltower in the 4th quarter valued at $202,000. Finally, Fideuram Intesa Sanpaolo Private Banking S.P.A. bought a new position in shares of Welltower in the fourth quarter valued at $1,483,000. Institutional investors own 94.80% of the company’s stock.

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Welltower Stock Up 0.1%

WELL stock opened at $216.31 on Monday. The stock has a 50-day simple moving average of $208.17 and a two-hundred day simple moving average of $199.83. The company has a quick ratio of 4.31, a current ratio of 4.31 and a debt-to-equity ratio of 0.40. The firm has a market capitalization of $152.70 billion, a PE ratio of 107.09, a PEG ratio of 1.13 and a beta of 0.83. Welltower Inc. has a twelve month low of $147.49 and a twelve month high of $221.68.

Welltower (NYSE:WELL – Get Free Report) last posted its earnings results 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 for 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 business’s revenue for the quarter was up 38.3% compared to the same quarter last year. During the same period in the prior year, the company posted $1.20 EPS. Welltower has set its FY 2026 guidance at 6.210-6.350 EPS. On average, equities analysts predict that Welltower Inc. will post 6.28 EPS for the current fiscal year.

Welltower Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 21st. Stockholders of record on Wednesday, May 13th were issued a dividend of $0.74 per share. The ex-dividend date of this dividend was Wednesday, May 13th. This represents a $2.96 annualized dividend and a dividend yield of 1.4%. Welltower’s payout ratio is presently 146.53%.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the company. KeyCorp raised their target price on Welltower from $210.00 to $240.00 and gave the company an “overweight” rating in a report on Tuesday, February 24th. Citigroup lifted 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. Jefferies Financial Group lifted their price objective on shares of Welltower from $237.00 to $248.00 and gave the stock a “buy” rating in a report on Tuesday, May 12th. Scotiabank lifted their price objective on shares of Welltower from $236.00 to $248.00 and gave the stock an “outperform” rating in a report on Thursday. Finally, Morgan Stanley boosted their price target on shares of Welltower from $200.00 to $215.00 and gave the stock an “overweight” rating in a report on Wednesday, February 18th. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $231.00.

Get Our Latest Stock Analysis on Welltower

Welltower Company Profile

(Free Report)

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.

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