Wellington Management Group LLP Trims Stock Position in Welltower Inc. $WELL

Wellington Management Group LLP decreased its position in Welltower Inc. (NYSE:WELL) by 10.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 15,179,324 shares of the real estate investment trust’s stock after selling 1,770,752 shares during the period. Welltower accounts for approximately 0.6% of Wellington Management Group LLP’s investment portfolio, making the stock its 26th largest position. Wellington Management Group LLP’s holdings in Welltower were worth $3,445,251,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in WELL. Leonteq Securities AG grew its position in Welltower by 92.3% in the first quarter. Leonteq Securities AG now owns 125 shares of the real estate investment trust’s stock worth $25,000 after acquiring an additional 60 shares during the period. Sound Income Strategies LLC raised its position in Welltower by 124.6% in the first 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 during the period. Swiss RE Ltd. purchased a new stake in Welltower in the fourth quarter valued at $29,000. Kilter Group LLC purchased a new stake in Welltower in the second quarter valued at $29,000. Finally, Quarry LP acquired a new position in shares of Welltower in the 3rd quarter valued at $33,000. Hedge funds and other institutional investors own 94.80% of the company’s stock.

Welltower Price Performance

Shares of WELL opened at $237.51 on Friday. Welltower Inc. has a fifty-two week low of $163.75 and a fifty-two week high of $255.20. The firm’s 50 day moving average price is $235.54 and its 200 day moving average price is $217.59. The company has a market cap of $171.18 billion, a P/E ratio of 108.95, a PEG ratio of 1.15 and a beta of 0.76. The company has a quick ratio of 3.16, a current ratio of 3.16 and a debt-to-equity ratio of 0.37.

Welltower (NYSE:WELL) last released its earnings results on Monday, July 27th. The real estate investment trust reported $0.61 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.05). Welltower had a return on equity of 3.56% and a net margin of 12.15%.The business had revenue of $3.54 billion for the quarter, compared to analyst estimates of $3.40 billion. During the same quarter last year, the company earned $1.28 earnings per share. Welltower’s quarterly revenue was up 39.1% compared to the same quarter last year. 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 earnings per share for the current fiscal year.

Welltower Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 20th. Stockholders of record on Wednesday, August 12th were paid a $0.85 dividend. The ex-dividend date was Wednesday, August 12th. This is an increase from Welltower’s previous quarterly dividend of $0.74. This represents a $3.40 annualized dividend and a dividend yield of 1.4%. Welltower’s payout ratio is 155.96%.

Analyst Upgrades and Downgrades

WELL has been the subject of a number of research analyst reports. Wall Street Zen upgraded Welltower from a “sell” rating to a “hold” rating in a report on Saturday, May 2nd. Raymond James Financial started coverage on shares of Welltower in a report on Tuesday, June 16th. They issued an “outperform” rating and a $226.00 price objective on the stock. Royal Bank Of Canada upped their target price on shares of Welltower from $238.00 to $260.00 and gave the company an “outperform” rating in a research report on Monday, August 3rd. Citigroup increased their target price on shares of Welltower from $255.00 to $275.00 and gave the stock a “buy” rating in a research note on Friday, July 31st. Finally, KeyCorp lifted their price target on shares of Welltower from $240.00 to $275.00 and gave the company an “overweight” rating in a research report on Tuesday, August 4th. Fourteen investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, Welltower presently has a consensus rating of “Moderate Buy” and an average target price of $246.11.

Insider Activity

In related news, Director Andrew Gundlach bought 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 25th. The stock was purchased at an average cost of $239.47 per share, for a total transaction of $1,197,350.00. Following the completion of the acquisition, the director owned 25,000 shares in the company, valued at approximately $5,986,750. This trade represents a 25.00% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.37% of the company’s stock.

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.