Bank of America Corp DE Buys 367,463 Shares of Welltower Inc. $WELL

Bank of America Corp DE grew its stake in shares of Welltower Inc. (NYSE:WELL) by 1.9% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 19,378,590 shares of the real estate investment trust’s stock after buying an additional 367,463 shares during the quarter. Bank of America Corp DE owned 2.82% of Welltower worth $3,452,102,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in WELL. Hager Investment Management Services LLC grew its position in Welltower by 84.4% in the third quarter. Hager Investment Management Services LLC now owns 142 shares of the real estate investment trust’s stock worth $25,000 after acquiring an additional 65 shares in the last quarter. MMA Asset Management LLC bought a new stake in Welltower during the third quarter worth about $35,000. Global Wealth Strategies & Associates bought a new stake in Welltower during the third quarter worth about $36,000. Newbridge Financial Services Group Inc. boosted its holdings in shares of Welltower by 39.5% in the 2nd quarter. Newbridge Financial Services Group Inc. now owns 307 shares of the real estate investment trust’s stock worth $47,000 after purchasing an additional 87 shares in the last quarter. Finally, Y.D. More Investments Ltd boosted its holdings in shares of Welltower by 585.7% in the 3rd quarter. Y.D. More Investments Ltd now owns 288 shares of the real estate investment trust’s stock worth $51,000 after purchasing an additional 246 shares in the last quarter. 94.80% of the stock is owned by institutional investors.

Welltower Stock Up 0.8%

WELL opened at $207.88 on Friday. Welltower Inc. has a 12 month low of $130.29 and a 12 month high of $216.43. The company has a current ratio of 3.46, a quick ratio of 3.46 and a debt-to-equity ratio of 0.45. The business’s 50-day moving average price is $197.25 and its 200-day moving average price is $187.52. The company has a market cap of $145.05 billion, a P/E ratio of 148.48, a P/E/G ratio of 1.42 and a beta of 0.82.

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

Welltower Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 10th. Stockholders of record on Wednesday, February 25th were 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 of this dividend was Wednesday, February 25th. Welltower’s dividend payout ratio is 211.43%.

Analyst Ratings Changes

A number of equities analysts recently weighed in on WELL shares. Weiss Ratings cut Welltower from a “buy (b-)” rating to a “hold (c)” rating in a report on Tuesday, February 17th. Cantor Fitzgerald upped their target price on Welltower from $204.00 to $230.00 and gave the stock an “overweight” rating in a research note on Thursday, February 12th. Wells Fargo & Company increased their price target on shares of Welltower from $200.00 to $218.00 and gave the company an “overweight” rating in a research report on Tuesday, November 25th. KeyCorp lifted their price target on shares of Welltower from $210.00 to $240.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 24th. Finally, Jefferies Financial Group restated a “buy” rating and issued a $231.00 price objective on shares of Welltower in a report on Monday, December 15th. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $224.71.

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.