Lasalle Investment Management Securities LLC Sells 229,212 Shares of Welltower Inc. $WELL

Lasalle Investment Management Securities LLC decreased its position in Welltower Inc. (NYSE:WELL) by 16.1% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,193,287 shares of the real estate investment trust’s stock after selling 229,212 shares during the quarter. Welltower comprises about 8.3% of Lasalle Investment Management Securities LLC’s holdings, making the stock its 2nd largest position. Lasalle Investment Management Securities LLC owned 0.17% of Welltower worth $212,572,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Norges Bank acquired a new position in shares of Welltower in the second quarter valued at approximately $4,903,554,000. 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 during the period. State Street Corp raised its holdings in Welltower by 4.6% in the 2nd quarter. State Street Corp now owns 39,616,289 shares of the real estate investment trust’s stock valued at $6,090,212,000 after acquiring an additional 1,740,196 shares during the last quarter. Balyasny Asset Management L.P. raised its holdings in Welltower by 241.5% in the 2nd quarter. Balyasny Asset Management L.P. now owns 1,241,145 shares of the real estate investment trust’s stock valued at $190,801,000 after acquiring an additional 877,725 shares during the last quarter. Finally, Geode Capital Management LLC lifted its stake in shares of Welltower by 5.1% during the 2nd quarter. Geode Capital Management LLC now owns 15,012,454 shares of the real estate investment trust’s stock worth $2,303,484,000 after purchasing an additional 723,887 shares during the period. 94.80% of the stock is currently owned by hedge funds and other institutional investors.

Welltower Trading Down 0.5%

NYSE WELL opened at $207.40 on Friday. The firm has a market capitalization of $144.71 billion, a price-to-earnings ratio of 148.15, a PEG ratio of 1.43 and a beta of 0.85. The company has a debt-to-equity ratio of 0.45, a quick ratio of 3.46 and a current ratio of 3.46. Welltower Inc. has a one year low of $130.29 and a one year high of $216.43. The company’s 50 day moving average price is $193.31 and its 200 day moving average price is $184.54.

Welltower (NYSE:WELL) last released its quarterly earnings data on Tuesday, February 10th. The real estate investment trust reported $1.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.44 by $0.01. Welltower had a net margin of 8.64% and a return on equity of 2.46%. The company had revenue of $3.18 billion during the quarter, compared to the consensus estimate of $2.93 billion. During the same period in the previous year, the firm earned $1.13 earnings per share. Welltower’s revenue for the quarter was up 41.3% on a year-over-year basis. Welltower has set its FY 2026 guidance at 6.090-6.25 EPS. On average, sell-side analysts predict that Welltower Inc. will post 4.88 EPS for the current year.

Welltower Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 10th. Shareholders of record on Wednesday, February 25th will be paid a dividend of $0.74 per share. This represents a $2.96 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date is Wednesday, February 25th. Welltower’s payout ratio is currently 211.43%.

Analyst Ratings Changes

A number of equities research analysts have recently commented on WELL shares. Citigroup upped their target price on Welltower from $215.00 to $245.00 and gave the company a “buy” rating in a research note on Wednesday, February 18th. KeyCorp lifted their price target on Welltower from $210.00 to $240.00 and gave the company an “overweight” rating in a report on Tuesday. UBS Group set a $240.00 price objective on shares of Welltower in a research note on Thursday, February 12th. Morgan Stanley raised their target price on shares of Welltower from $200.00 to $215.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 18th. Finally, Wells Fargo & Company upped their price target on shares of Welltower from $200.00 to $218.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 25th. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $218.79.

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.