State Street Corp Purchases 506,374 Shares of Welltower Inc. $WELL

State Street Corp boosted its position in shares of Welltower Inc. (NYSE:WELL) by 1.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 41,760,328 shares of the real estate investment trust’s stock after purchasing an additional 506,374 shares during the period. State Street Corp owned about 6.08% of Welltower worth $7,751,134,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Mitsubishi UFJ Asset Management UK Ltd. bought a new position in Welltower in the 3rd quarter worth about $1,781,000. Benchmark Investment Advisors LLC bought a new position in Welltower in the 3rd quarter worth about $901,000. AIA Group Ltd grew its stake in Welltower by 53.8% in the 3rd quarter. AIA Group Ltd now owns 24,000 shares of the real estate investment trust’s stock worth $4,275,000 after acquiring an additional 8,400 shares in the last quarter. Vanguard Group Inc. grew its stake in Welltower by 4.7% in the 3rd quarter. Vanguard Group Inc. now owns 89,778,383 shares of the real estate investment trust’s stock worth $15,993,121,000 after acquiring an additional 3,991,896 shares in the last quarter. Finally, Van ECK Associates Corp grew its stake in Welltower by 12.7% in the 3rd quarter. Van ECK Associates Corp now owns 359,093 shares of the real estate investment trust’s stock worth $63,969,000 after acquiring an additional 40,360 shares in the last quarter. 94.80% of the stock is currently owned by institutional investors.

Welltower Trading Up 1.6%

NYSE:WELL opened at $213.96 on Friday. Welltower Inc. has a 52 week low of $148.97 and a 52 week high of $221.68. The firm has a 50 day moving average of $209.96 and a 200 day moving average of $201.30. 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 stock has a market capitalization of $151.03 billion, a price-to-earnings ratio of 105.92, a PEG ratio of 1.09 and a beta of 0.79.

Welltower (NYSE:WELL) last posted its earnings results on Tuesday, April 28th. The real estate investment trust reported $1.02 EPS for the quarter, beating analysts’ consensus estimates of $0.68 by $0.34. Welltower had a net margin of 11.96% and a return on equity of 3.45%. The company had revenue of $3.35 billion during the quarter, compared to analysts’ expectations of $3.12 billion. During the same quarter in the prior year, the company posted $1.20 earnings per share. Welltower’s revenue for the quarter 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, sell-side analysts anticipate that Welltower Inc. will post 6.32 earnings per share for the current fiscal year.

Welltower Dividend Announcement

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

Analyst Ratings Changes

A number of brokerages have commented on WELL. BMO Capital Markets restated an “outperform” rating and issued a $245.00 target price on shares of Welltower in a research note on Monday, May 4th. Wall Street Zen raised shares of Welltower from a “sell” rating to a “hold” rating in a research report on Saturday, May 2nd. Royal Bank Of Canada upped their price target on shares of Welltower from $230.00 to $238.00 and gave the stock an “outperform” rating in a research report on Monday, May 4th. Mizuho set a $239.00 price target on shares of Welltower in a research report on Friday, May 22nd. Finally, Wells Fargo & Company upped their price target on shares of Welltower from $228.00 to $237.00 and gave the stock an “overweight” rating in a research report on Monday, June 1st. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $231.60.

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.