Skandinaviska Enskilda Banken AB publ cut its stake in shares of Welltower Inc. (NYSE:WELL – Free Report) by 3.0% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 129,906 shares of the real estate investment trust’s stock after selling 4,041 shares during the period. Skandinaviska Enskilda Banken AB publ’s holdings in Welltower were worth $23,141,000 as of its most recent SEC filing.
Several other large investors have also made changes to their positions in the company. Frank Rimerman Advisors LLC raised its holdings in shares of Welltower by 0.6% in the 3rd quarter. Frank Rimerman Advisors LLC now owns 9,774 shares of the real estate investment trust’s stock worth $1,741,000 after purchasing an additional 55 shares during the period. Onyx Bridge Wealth Group LLC increased its position in Welltower by 3.8% during the 3rd quarter. Onyx Bridge Wealth Group LLC now owns 1,515 shares of the real estate investment trust’s stock worth $270,000 after purchasing an additional 56 shares in the last quarter. Sachetta LLC raised its holdings in Welltower by 14.9% in the third quarter. Sachetta LLC now owns 448 shares of the real estate investment trust’s stock valued at $80,000 after buying an additional 58 shares during the period. PDS Planning Inc raised its holdings in Welltower by 1.4% in the third quarter. PDS Planning Inc now owns 4,326 shares of the real estate investment trust’s stock valued at $771,000 after buying an additional 59 shares during the period. Finally, Modera Wealth Management LLC lifted its position in Welltower by 3.4% during the third quarter. Modera Wealth Management LLC now owns 1,807 shares of the real estate investment trust’s stock valued at $322,000 after buying an additional 60 shares in the last quarter. 94.80% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
Several equities research analysts have recently issued reports on the stock. Cantor Fitzgerald increased their price objective on shares of Welltower from $204.00 to $230.00 and gave the stock an “overweight” rating in a research report on Thursday, February 12th. KeyCorp reissued an “overweight” rating on shares of Welltower in a research report on Wednesday, February 11th. UBS Group set a $240.00 target price on Welltower in a research report on Thursday, February 12th. Wall Street Zen downgraded Welltower from a “hold” rating to a “sell” rating in a report on Saturday. Finally, Jefferies Financial Group reissued a “buy” rating and set a $231.00 price target on shares of Welltower in a research report on Monday, December 15th. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $207.77.
Welltower Price Performance
WELL stock opened at $215.26 on Wednesday. The stock’s 50 day moving average is $190.09 and its two-hundred day moving average is $182.39. Welltower Inc. has a 52-week low of $130.29 and a 52-week high of $216.43. The company has a market capitalization of $150.20 billion, a PE ratio of 153.76, a P/E/G ratio of 1.42 and a beta of 0.85. The company has a quick ratio of 3.46, a current ratio of 3.46 and a debt-to-equity ratio of 0.45.
Welltower (NYSE:WELL – Get Free Report) last issued its quarterly earnings results on Tuesday, February 10th. The real estate investment trust reported $1.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.44 by $0.01. The business had revenue of $3.18 billion during the quarter, compared to analyst estimates of $2.93 billion. Welltower had a net margin of 8.64% and a return on equity of 2.46%. The business’s revenue was up 41.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.13 earnings per share. Welltower has set its FY 2026 guidance at 6.090-6.25 EPS. Analysts predict that Welltower Inc. will post 4.88 earnings per share for the current fiscal year.
Welltower Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 10th. Investors of record on Wednesday, February 25th will be issued a $0.74 dividend. This represents a $2.96 annualized dividend and a yield of 1.4%. The ex-dividend date of this dividend is Wednesday, February 25th. Welltower’s payout ratio is currently 211.43%.
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.
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