Cullinan Associates Inc. Cuts Stake in Welltower Inc. $WELL

Cullinan Associates Inc. lowered its stake in shares of Welltower Inc. (NYSE:WELL) by 77.4% in the 1st quarter, Holdings Channel.com reports. The institutional investor owned 2,275 shares of the real estate investment trust’s stock after selling 7,800 shares during the period. Cullinan Associates Inc.’s holdings in Welltower were worth $450,000 as of its most recent filing with the SEC.

A number of other large investors have also added to or reduced their stakes in the stock. Leonteq Securities AG boosted its stake in 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 during the last quarter. Sound Income Strategies LLC increased its stake in shares of Welltower by 124.6% during the 1st 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 during the last quarter. Marquette Asset Management LLC increased its stake in shares of Welltower by 62.8% during the 4th quarter. Marquette Asset Management LLC now owns 153 shares of the real estate investment trust’s stock worth $28,000 after purchasing an additional 59 shares during the last quarter. Swiss RE Ltd. bought a new stake in shares of Welltower in the 4th quarter worth approximately $29,000. Finally, Quarry LP bought a new stake in shares of Welltower in the 3rd quarter worth approximately $33,000. Hedge funds and other institutional investors own 94.80% of the company’s stock.

Welltower Stock Performance

Shares of NYSE:WELL traded down $0.80 during trading on Friday, hitting $231.32. 2,531,031 shares of the company were exchanged, compared to its average volume of 3,377,990. Welltower Inc. has a 52-week low of $151.92 and a 52-week high of $239.10. The stock has a 50 day moving average of $216.45 and a 200 day moving average of $204.97. The company has a debt-to-equity ratio of 0.40, a current ratio of 4.31 and a quick ratio of 4.31. The company has a market cap of $163.29 billion, a PE ratio of 114.52, a P/E/G ratio of 1.14 and a beta of 0.77.

Welltower (NYSE:WELL) last announced 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 company had revenue of $3.35 billion during the quarter, compared to analysts’ expectations of $3.12 billion. During the same period in the previous year, the business earned $1.20 earnings per share. The firm’s quarterly revenue was up 38.3% compared to the same quarter last year. Welltower has set its FY 2026 guidance at 6.210-6.350 EPS. As a group, equities research analysts predict that Welltower Inc. will post 6.32 EPS for the current year.

Welltower Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, May 21st. Stockholders of record on Wednesday, May 13th were given a dividend of $0.74 per share. The ex-dividend date was Wednesday, May 13th. This represents a $2.96 annualized dividend and a dividend yield of 1.3%. Welltower’s dividend payout ratio is currently 146.53%.

Wall Street Analyst Weigh In

A number of analysts have issued reports on WELL shares. Jefferies Financial Group raised their target price on Welltower from $237.00 to $248.00 and gave the stock a “buy” rating in a research report on Tuesday, May 12th. Citigroup upped their price target on Welltower from $245.00 to $255.00 and gave the company a “buy” rating in a research report on Tuesday, May 5th. 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. Deutsche Bank Aktiengesellschaft boosted their price objective on Welltower from $215.00 to $265.00 and gave the company a “buy” rating in a research note on Wednesday, July 1st. Finally, Mizuho set a $239.00 price objective on shares of Welltower in a report on Friday, May 22nd. Thirteen equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $234.72.

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.