Kornitzer Capital Management Inc. KS Sells 10,000 Shares of Welltower Inc. $WELL

Kornitzer Capital Management Inc. KS decreased its position in shares of Welltower Inc. (NYSE:WELL) by 55.9% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,900 shares of the real estate investment trust’s stock after selling 10,000 shares during the quarter. Kornitzer Capital Management Inc. KS’s holdings in Welltower were worth $1,562,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Norges Bank acquired a new stake in shares of Welltower during the fourth quarter valued at about $5,466,264,000. Cardano Risk Management B.V. raised its holdings in Welltower by 955.3% in the 4th quarter. Cardano Risk Management B.V. now owns 9,513,540 shares of the real estate investment trust’s stock valued at $1,765,808,000 after buying an additional 8,612,016 shares during the last quarter. Capital World Investors boosted its position in Welltower by 153.0% during the 4th quarter. Capital World Investors now owns 10,744,520 shares of the real estate investment trust’s stock worth $1,994,290,000 after buying an additional 6,497,258 shares during the period. Vanguard Group Inc. boosted its position in Welltower by 2.9% during the 4th quarter. Vanguard Group Inc. now owns 92,421,471 shares of the real estate investment trust’s stock worth $17,154,349,000 after buying an additional 2,643,088 shares during the period. Finally, Price T Rowe Associates Inc. MD grew its holdings in Welltower by 11.5% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 16,826,035 shares of the real estate investment trust’s stock worth $3,123,082,000 after acquiring an additional 1,734,922 shares during the last quarter. Institutional investors own 94.80% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on WELL shares. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $238.00 price target on shares of Welltower in a research note on Monday, June 15th. BMO Capital Markets restated an “outperform” rating and issued a $245.00 price objective on shares of Welltower in a report on Monday, May 4th. Raymond James Financial started coverage on Welltower in a research report on Tuesday, June 16th. They set an “outperform” rating and a $226.00 target price for the company. Wall Street Zen raised Welltower from a “sell” rating to a “hold” rating in a report on Saturday, May 2nd. Finally, Mizuho set a $239.00 price target on Welltower in a research report on Friday, May 22nd. Thirteen investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, Welltower presently has a consensus rating of “Moderate Buy” and a consensus target price of $234.72.

Welltower Trading Down 0.1%

WELL opened at $231.32 on Monday. Welltower Inc. has a twelve month low of $151.92 and a twelve month high of $239.10. The company has a fifty day moving average of $216.45 and a 200-day moving average of $205.10. The stock has a market cap of $163.29 billion, a PE ratio of 114.52, a price-to-earnings-growth ratio of 1.14 and a beta of 0.77. The company has a quick ratio of 4.31, a current ratio of 4.31 and a debt-to-equity ratio of 0.40.

Welltower (NYSE:WELL) last released its earnings results on Tuesday, April 28th. The real estate investment trust reported $1.02 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.68 by $0.34. The business had revenue of $3.35 billion for the quarter, compared to analyst estimates of $3.12 billion. Welltower had a net margin of 11.96% and a return on equity of 3.45%. Welltower’s revenue for the quarter was up 38.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.20 earnings per share. Welltower has set its FY 2026 guidance at 6.210-6.350 EPS. On average, sell-side analysts predict that Welltower Inc. will post 6.32 EPS for the current year.

Welltower Dividend Announcement

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

About Welltower

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.