PNC Financial Services Group Inc. Buys 3,497 Shares of Welltower Inc. $WELL

PNC Financial Services Group Inc. grew its stake in Welltower Inc. (NYSE:WELL) by 1.6% during the first quarter, HoldingsChannel reports. The fund owned 227,950 shares of the real estate investment trust’s stock after acquiring an additional 3,497 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Welltower were worth $45,068,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in WELL. Norges Bank bought a new stake in Welltower during the fourth quarter valued at about $5,466,264,000. Cardano Risk Management B.V. raised its holdings in Welltower by 955.3% in the fourth quarter. Cardano Risk Management B.V. now owns 9,513,540 shares of the real estate investment trust’s stock worth $1,765,808,000 after purchasing an additional 8,612,016 shares in the last quarter. Capital World Investors lifted its position in shares of Welltower by 153.0% during the fourth quarter. Capital World Investors now owns 10,744,520 shares of the real estate investment trust’s stock valued at $1,994,290,000 after buying an additional 6,497,258 shares during the last quarter. Vanguard Group Inc. lifted its position in shares of Welltower by 2.9% during the fourth quarter. Vanguard Group Inc. now owns 92,421,471 shares of the real estate investment trust’s stock valued at $17,154,349,000 after buying an additional 2,643,088 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD lifted its position in shares of Welltower by 11.5% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 16,826,035 shares of the real estate investment trust’s stock valued at $3,123,082,000 after buying an additional 1,734,922 shares during the last quarter. 94.80% of the stock is owned by institutional investors.

Welltower Trading Up 0.9%

Shares of Welltower stock opened at $247.19 on Friday. The firm’s 50 day simple moving average is $220.98 and its two-hundred day simple moving average is $208.54. The firm has a market capitalization of $174.49 billion, a price-to-earnings ratio of 122.37, a PEG ratio of 1.20 and a beta of 0.77. Welltower Inc. has a 12-month low of $158.24 and a 12-month high of $250.12. The company has a current ratio of 4.31, a quick ratio of 4.31 and a debt-to-equity ratio of 0.40.

Welltower (NYSE:WELL) last posted its quarterly earnings data on Tuesday, April 28th. The real estate investment trust reported $1.02 EPS for the quarter, topping the consensus estimate of $0.68 by $0.34. The business had revenue of $3.35 billion during the quarter, compared to the consensus estimate of $3.12 billion. Welltower had a net margin of 11.96% and a return on equity of 3.45%. The business’s revenue for the quarter was up 38.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.20 earnings per share. Welltower has set its FY 2026 guidance at 6.210-6.350 EPS. Analysts predict that Welltower Inc. will post 6.32 EPS for the current year.

Welltower Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, May 21st. Shareholders of record on Wednesday, May 13th were given a dividend of $0.74 per share. The ex-dividend date of this dividend was Wednesday, May 13th. This represents a $2.96 dividend on an annualized basis and a yield of 1.2%. Welltower’s payout ratio is currently 146.53%.

Analyst Ratings Changes

A number of brokerages have recently issued reports on WELL. Scotiabank cut their price objective 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. Wells Fargo & Company increased their target price on shares of Welltower from $228.00 to $237.00 and gave the company an “overweight” rating in a research report on Monday, June 1st. Deutsche Bank Aktiengesellschaft raised their target price on shares of Welltower from $215.00 to $265.00 and gave the company a “buy” rating in a research note on Wednesday, July 1st. Jefferies Financial Group lifted their price target on shares of Welltower from $237.00 to $248.00 and gave the stock a “buy” rating in a report on Tuesday, May 12th. Finally, BMO Capital Markets reiterated an “outperform” rating and set a $245.00 price objective on shares of Welltower in a report on Monday, May 4th. Thirteen analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat, Welltower currently has a consensus rating of “Moderate Buy” and a consensus price target of $235.89.

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.