Patton Fund Management Inc. Has $2.46 Million Position in Welltower Inc. $WELL

Patton Fund Management Inc. cut its stake in Welltower Inc. (NYSE:WELL) by 62.8% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,428 shares of the real estate investment trust’s stock after selling 20,994 shares during the period. Patton Fund Management Inc.’s holdings in Welltower were worth $2,457,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of the stock. Benchmark Investment Advisors LLC bought a new stake in Welltower during the third quarter worth $901,000. AIA Group Ltd increased its stake in shares of Welltower by 53.8% in the 3rd quarter. AIA Group Ltd now owns 24,000 shares of the real estate investment trust’s stock valued at $4,275,000 after purchasing an additional 8,400 shares during the last quarter. Van ECK Associates Corp increased its stake in shares of Welltower by 12.7% in the 3rd quarter. Van ECK Associates Corp now owns 359,093 shares of the real estate investment trust’s stock valued at $63,969,000 after purchasing an additional 40,360 shares during the last quarter. Nordea Investment Management AB raised its holdings in shares of Welltower by 11.8% during the 4th quarter. Nordea Investment Management AB now owns 1,930,894 shares of the real estate investment trust’s stock worth $358,915,000 after buying an additional 204,317 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC raised its holdings in shares of Welltower by 30.2% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 195,052 shares of the real estate investment trust’s stock worth $36,214,000 after buying an additional 45,214 shares in the last quarter. 94.80% of the stock is currently owned by institutional investors.

Welltower Trading Down 0.1%

NYSE WELL opened at $227.21 on Monday. The company has a market cap of $160.39 billion, a price-to-earnings ratio of 112.48, a price-to-earnings-growth ratio of 1.17 and a beta of 0.79. Welltower Inc. has a twelve month low of $148.97 and a twelve month high of $228.53. The company has a quick ratio of 4.31, a current ratio of 4.31 and a debt-to-equity ratio of 0.40. The business’s fifty day moving average is $211.84 and its 200 day moving average is $202.03.

Welltower (NYSE:WELL) last issued its earnings results on Tuesday, April 28th. The real estate investment trust reported $1.02 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.68 by $0.34. The business had revenue of $3.35 billion during 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 business’s revenue for the quarter was up 38.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.20 EPS. Welltower has set its FY 2026 guidance at 6.210-6.350 EPS. As a group, sell-side analysts expect that Welltower Inc. will post 6.32 EPS for the current fiscal year.

Welltower Dividend Announcement

The company 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. The ex-dividend date of this dividend was Wednesday, May 13th. This represents a $2.96 annualized dividend and a dividend yield of 1.3%. Welltower’s dividend payout ratio is currently 146.53%.

Analyst Upgrades and Downgrades

WELL has been the topic of several research analyst reports. Wells Fargo & Company raised their price objective on Welltower from $228.00 to $237.00 and gave the company an “overweight” rating in a research note on Monday, June 1st. Scotiabank lowered their target price on Welltower from $248.00 to $232.00 and set a “sector outperform” rating for the company in a research note on Thursday, June 18th. Raymond James Financial initiated coverage on shares of Welltower in a report on Tuesday, June 16th. They issued an “outperform” rating and a $226.00 target price for the company. BMO Capital Markets restated an “outperform” rating and issued a $245.00 price target on shares of Welltower in a research note on Monday, May 4th. Finally, Wall Street Zen raised shares of Welltower from a “sell” rating to a “hold” rating in a report on Saturday, May 2nd. Twelve equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, Welltower has a consensus rating of “Moderate Buy” and an average price target of $230.25.

Welltower 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.