Cornerstone Advisors LLC Cuts Stock Position in Welltower Inc. $WELL

Cornerstone Advisors LLC cut its stake in Welltower Inc. (NYSE:WELL) by 15.7% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm 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 quarter.

Other hedge funds also recently made changes to their positions in the company. Revolve Wealth Partners LLC increased its stake in Welltower by 3.3% during the 2nd quarter. Revolve Wealth Partners LLC now owns 1,392 shares of the real estate investment trust’s stock worth $316,000 after buying an additional 45 shares during the period. Family Wealth Partners LLC raised its stake in Welltower by 1.3% during the second quarter. Family Wealth Partners LLC now owns 3,678 shares of the real estate investment trust’s stock valued at $835,000 after buying an additional 48 shares in the last quarter. Summit Securities Group LLC raised its position in shares of Welltower by 42.6% during the 2nd quarter. Summit Securities Group LLC now owns 164 shares of the real estate investment trust’s stock valued at $37,000 after acquiring an additional 49 shares in the last quarter. Parkside Financial Bank & Trust lifted its position in shares of Welltower by 2.5% in the 4th quarter. Parkside Financial Bank & Trust now owns 1,977 shares of the real estate investment trust’s stock worth $367,000 after buying an additional 49 shares during the last quarter. Finally, Parallel Advisors LLC lifted its holdings in Welltower by 0.7% in the first quarter. Parallel Advisors LLC now owns 7,161 shares of the real estate investment trust’s stock worth $1,416,000 after acquiring an additional 50 shares during the last quarter. Hedge funds and other institutional investors own 94.80% of the company’s stock.

Welltower Trading Up 0.2%

NYSE:WELL opened at $235.97 on Tuesday. The stock’s 50 day moving average price is $230.37 and its 200 day moving average price is $214.59. Welltower Inc. has a 52 week low of $162.00 and a 52 week high of $255.20. The company has a market capitalization of $170.07 billion, a P/E ratio of 108.24, a P/E/G ratio of 1.13 and a beta of 0.76. The company has a debt-to-equity ratio of 0.37, a quick ratio of 3.16 and a current ratio of 3.16.

Welltower (NYSE:WELL) last released 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). Welltower had a net margin of 12.15% and a return on equity of 3.56%. The business had revenue of $3.54 billion during the quarter, compared to analyst estimates of $3.40 billion. During the same period in the previous year, the firm posted $1.28 EPS. The firm’s revenue for the quarter 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, research analysts forecast that Welltower Inc. will post 6.43 EPS for the current fiscal year.

Welltower Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 20th. Shareholders of record on Wednesday, August 12th will be given a $0.85 dividend. The ex-dividend date of this dividend is Wednesday, August 12th. This represents a $3.40 annualized dividend and a yield of 1.4%. This is an increase from Welltower’s previous quarterly dividend of $0.74. Welltower’s dividend payout ratio (DPR) is presently 155.96%.

Analysts Set New Price Targets

WELL has been the topic of a number of recent research reports. Weiss Ratings cut Welltower from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, June 24th. Wall Street Zen upgraded Welltower from a “sell” rating to a “hold” rating in a research report on Saturday, May 2nd. Evercore restated an “outperform” rating and set a $260.00 price objective on shares of Welltower in a research report on Thursday, July 30th. Wells Fargo & Company raised their price objective on Welltower from $228.00 to $237.00 and gave the stock an “overweight” rating in a research note on Monday, June 1st. Finally, Barclays assumed coverage on shares of Welltower in a research report on Tuesday, July 7th. They issued an “equal weight” rating and a $254.00 target price on the stock. Fourteen research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, Welltower has a consensus rating of “Moderate Buy” and an average target price of $246.11.

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.