Hartford Funds Management Co LLC Decreases Holdings in Welltower Inc. $WELL

Hartford Funds Management Co LLC decreased its stake in Welltower Inc. (NYSE:WELL) by 18.7% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 10,660 shares of the real estate investment trust’s stock after selling 2,455 shares during the quarter. Welltower makes up 0.2% of Hartford Funds Management Co LLC’s holdings, making the stock its 27th biggest position. Hartford Funds Management Co LLC’s holdings in Welltower were worth $2,108,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of the stock. Leonteq Securities AG lifted its stake 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 buying an additional 60 shares in the last quarter. Sound Income Strategies LLC increased its stake in 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 buying an additional 76 shares in the last quarter. Marquette Asset Management LLC raised its holdings in shares of Welltower by 62.8% during the fourth quarter. Marquette Asset Management LLC now owns 153 shares of the real estate investment trust’s stock valued at $28,000 after acquiring an additional 59 shares during the last quarter. Swiss RE Ltd. acquired a new position in shares of Welltower during the fourth quarter valued at approximately $29,000. Finally, Financial Consulate Inc. purchased a new position in shares of Welltower in the fourth quarter valued at approximately $34,000. Hedge funds and other institutional investors own 94.80% of the company’s stock.

Welltower Stock Up 1.2%

Shares of NYSE WELL opened at $234.40 on Tuesday. The company has a 50 day simple moving average of $216.78 and a 200-day simple moving average of $205.44. The company has a market capitalization of $165.46 billion, a P/E ratio of 116.04, a P/E/G ratio of 1.14 and a beta of 0.77. The company has a debt-to-equity ratio of 0.40, a current ratio of 4.31 and a quick ratio of 4.31. Welltower Inc. has a 1 year low of $155.33 and a 1 year high of $239.10.

Welltower (NYSE:WELL) last released its quarterly earnings data 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. The firm had revenue of $3.35 billion for the quarter, compared to analysts’ expectations of $3.12 billion. Welltower had a return on equity of 3.45% and a net margin of 11.96%.The firm’s quarterly revenue was up 38.3% on a year-over-year basis. During the same period in the prior year, the firm posted $1.20 earnings per share. Welltower has set its FY 2026 guidance at 6.210-6.350 EPS. On average, equities research analysts predict that Welltower Inc. will post 6.32 earnings per share for the current year.

Welltower Dividend Announcement

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

Analysts Set New Price Targets

A number of research analysts have weighed in on the company. Wells Fargo & Company raised their price objective on Welltower from $228.00 to $237.00 and gave the company an “overweight” rating in a report on Monday, June 1st. Citigroup upped their target price on shares of Welltower from $245.00 to $255.00 and gave the stock a “buy” rating in a report on Tuesday, May 5th. Weiss Ratings downgraded shares of Welltower from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, June 24th. BMO Capital Markets reissued an “outperform” rating and issued a $245.00 price target on shares of Welltower in a research note on Monday, May 4th. Finally, Scotiabank lowered their price target on shares of Welltower from $248.00 to $232.00 and set a “sector outperform” rating on the stock in a research report on Thursday, June 18th. Thirteen 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, the company presently has a consensus 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.