Saudi Central Bank increased its position in Welltower Inc. (NYSE:WELL – Free Report) by 94.7% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 49,317 shares of the real estate investment trust’s stock after buying an additional 23,984 shares during the quarter. Saudi Central Bank’s holdings in Welltower were worth $11,193,000 at the end of the most recent reporting period.
Several other large investors have also bought and sold shares of the company. Leonteq Securities AG lifted its holdings in Welltower by 92.3% in the 1st 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 boosted its position 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 valued at $27,000 after purchasing an additional 76 shares in the last quarter. Kilter Group LLC acquired a new position in shares of Welltower in the 2nd quarter worth approximately $29,000. Swiss RE Ltd. acquired a new position 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. Institutional investors own 94.80% of the company’s stock.
Insider Transactions at Welltower
In other news, Director Andrew Gundlach bought 5,000 shares of the business’s stock in a transaction on Tuesday, August 25th. The shares were bought at an average cost of $239.47 per share, with a total value of $1,197,350.00. Following the purchase, the director directly owned 25,000 shares in the company, valued at $5,986,750. This trade represents a 25.00% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.37% of the stock is currently owned by company insiders.
Welltower Price Performance
Welltower (NYSE:WELL – Get Free Report) last released its earnings results on Monday, July 27th. The real estate investment trust reported $0.61 earnings per share for the quarter, missing the consensus estimate of $0.66 by ($0.05). Welltower had a return on equity of 3.56% and a net margin of 12.15%.The firm had revenue of $3.54 billion during the quarter, compared to analysts’ expectations of $3.40 billion. During the same period last year, the business earned $1.28 earnings per share. The business’s revenue was up 39.1% on a year-over-year basis. Welltower has set its FY 2026 guidance at 6.360-6.440 EPS. On average, analysts forecast that Welltower Inc. will post 6.43 earnings per share for the current year.
Welltower Increases Dividend
The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 20th. Shareholders of record on Wednesday, August 12th were given a dividend of $0.85 per share. This represents a $3.40 annualized dividend and a yield of 1.4%. The ex-dividend date was Wednesday, August 12th. This is a positive change from Welltower’s previous quarterly dividend of $0.74. Welltower’s dividend payout ratio is presently 155.96%.
Analyst Upgrades and Downgrades
Several analysts recently commented on the stock. Cantor Fitzgerald increased their target price on shares of Welltower from $235.00 to $260.00 and gave the company an “overweight” rating in a research note on Friday, July 31st. Jefferies Financial Group lifted their price target on shares of Welltower from $237.00 to $248.00 and gave the stock a “buy” rating in a research report on Tuesday, May 12th. Mizuho upped their price target on Welltower from $239.00 to $260.00 and gave the company an “outperform” rating in a report on Wednesday, July 22nd. Deutsche Bank Aktiengesellschaft increased their price objective on Welltower from $215.00 to $265.00 and gave the company a “buy” rating in a research report on Wednesday, July 1st. Finally, Barclays raised their price objective on Welltower from $254.00 to $259.00 and gave the stock an “equal weight” rating in a research note on Monday, August 31st. Fourteen research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Welltower presently has an average rating of “Moderate Buy” and an average target price of $251.06.
Read Our Latest Stock Analysis on Welltower
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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