Primecap Management Co. CA Invests $87.50 Million in Welltower Inc. $WELL

Primecap Management Co. CA purchased a new stake in shares of Welltower Inc. (NYSE:WELL) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 385,509 shares of the real estate investment trust’s stock, valued at approximately $87,499,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Leonteq Securities AG raised its position in Welltower by 92.3% in the 1st quarter. Leonteq Securities AG now owns 125 shares of the real estate investment trust’s stock worth $25,000 after purchasing an additional 60 shares during the last quarter. Sound Income Strategies LLC boosted its position in Welltower by 124.6% in the 1st quarter. Sound Income Strategies LLC now owns 137 shares of the real estate investment trust’s stock valued at $27,000 after buying an additional 76 shares during the last quarter. Kilter Group LLC acquired a new stake in shares of Welltower in the 2nd quarter valued at $29,000. Swiss RE Ltd. acquired a new stake in shares of Welltower in the 4th quarter valued at $29,000. Finally, Quarry LP bought a new stake in shares of Welltower during the third quarter worth $33,000. Institutional investors and hedge funds own 94.80% of the company’s stock.

Welltower Stock Performance

WELL stock opened at $241.81 on Thursday. The business’s fifty day moving average is $234.27 and its 200-day moving average is $217.15. The company has a quick ratio of 3.16, a current ratio of 3.16 and a debt-to-equity ratio of 0.37. The company has a market cap of $174.28 billion, a P/E ratio of 110.92, a price-to-earnings-growth ratio of 1.15 and a beta of 0.76. Welltower Inc. has a twelve month low of $163.75 and a twelve month high of $255.20.

Welltower (NYSE:WELL) last posted its quarterly earnings results on Monday, July 27th. The real estate investment trust reported $0.61 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.66 by ($0.05). Welltower had a return on equity of 3.56% and a net margin of 12.15%.The company had revenue of $3.54 billion during the quarter, compared to the consensus estimate of $3.40 billion. During the same quarter in the prior year, the business earned $1.28 earnings per share. The firm’s revenue for the quarter was up 39.1% on a year-over-year basis. Welltower has set its FY 2026 guidance at 6.360-6.440 EPS. Equities research analysts forecast that Welltower Inc. will post 6.44 EPS for the current year.

Welltower Increases Dividend

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

Analysts Set New Price Targets

WELL has been the topic of several research reports. Royal Bank Of Canada upped their price target on Welltower from $238.00 to $260.00 and gave the company an “outperform” rating in a research note on Monday, August 3rd. KeyCorp boosted their price objective on Welltower from $240.00 to $275.00 and gave the stock an “overweight” rating in a report on Tuesday, August 4th. Barclays started coverage on shares of Welltower in a research report on Tuesday, July 7th. They set an “equal weight” rating and a $254.00 target price on the stock. Raymond James Financial assumed coverage on shares of Welltower in a research note on Tuesday, June 16th. They issued an “outperform” rating and a $226.00 target price on the stock. Finally, Evercore reiterated an “outperform” rating and set a $260.00 price target on shares of Welltower in a research report on Thursday, July 30th. Fourteen research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $246.11.

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.