Cornerstone Advisors LLC trimmed its holdings in shares of Welltower Inc. (NYSE:WELL – Free Report) by 15.7% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 101,285 shares of the real estate investment trust’s stock after selling 18,798 shares during the quarter. Cornerstone Advisors LLC’s holdings in Welltower were worth $22,989,000 at the end of the most recent reporting period.
Several other institutional investors have also recently added to or reduced their stakes in the stock. Leonteq Securities AG grew its stake 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 buying an additional 60 shares in the last quarter. Sound Income Strategies LLC increased its stake 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 buying an additional 76 shares during the period. Swiss RE Ltd. purchased a new stake in shares of Welltower in the 4th quarter valued at approximately $29,000. Summit Securities Group LLC increased its holdings in Welltower by 42.6% in the second quarter. Summit Securities Group LLC now owns 164 shares of the real estate investment trust’s stock valued at $37,000 after buying an additional 49 shares during the last quarter. Finally, Allied Private Wealth LLC purchased a new position in shares of Welltower in the 2nd quarter valued at about $41,000. Institutional investors and hedge funds own 94.80% of the company’s stock.
Analyst Upgrades and Downgrades
A number of research analysts recently commented on the stock. Royal Bank Of Canada increased their target price on shares of Welltower from $238.00 to $260.00 and gave the company an “outperform” rating in a research report on Monday, August 3rd. Wells Fargo & Company boosted their target price on Welltower from $228.00 to $237.00 and gave the company an “overweight” rating in a report on Monday, June 1st. BMO Capital Markets reiterated an “outperform” rating and set a $245.00 price target on shares of Welltower in a research note on Monday, May 4th. Raymond James Financial assumed coverage on Welltower in a research report on Tuesday, June 16th. They issued an “outperform” rating and a $226.00 price objective for the company. Finally, Scotiabank dropped their target price on shares of Welltower from $248.00 to $232.00 and set a “sector outperform” rating for the company in a report on Thursday, June 18th. Fourteen analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $246.11.
Welltower Trading Up 0.2%
Welltower stock opened at $235.97 on Tuesday. The stock has a 50-day moving average price of $230.37 and a 200 day moving average price of $214.59. The company has a current ratio of 3.16, a quick ratio of 3.16 and a debt-to-equity ratio of 0.37. The stock has a market cap of $170.07 billion, a PE ratio of 108.24, a P/E/G ratio of 1.13 and a beta of 0.76. Welltower Inc. has a 52 week low of $162.00 and a 52 week high of $255.20.
Welltower (NYSE:WELL – Get Free Report) last announced its quarterly earnings data on Monday, July 27th. The real estate investment trust reported $0.61 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.66 by ($0.05). The firm had revenue of $3.54 billion for the quarter, compared to analysts’ expectations of $3.40 billion. Welltower had a net margin of 12.15% and a return on equity of 3.56%. The business’s quarterly revenue was up 39.1% on a year-over-year basis. During the same period in the previous year, the company posted $1.28 EPS. Welltower has set its FY 2026 guidance at 6.360-6.440 EPS. Equities research analysts predict that Welltower Inc. will post 6.43 earnings per share for the current fiscal year.
Welltower Increases Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 20th. Stockholders of record on Wednesday, August 12th will be paid a dividend of $0.85 per share. The ex-dividend date of this dividend is Wednesday, August 12th. This represents a $3.40 dividend on an annualized basis and a dividend yield of 1.4%. This is an increase from Welltower’s previous quarterly dividend of $0.74. Welltower’s dividend payout ratio is currently 155.96%.
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.
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