3,877 Shares in Welltower Inc. $WELL Purchased by Glenview Trust Co

Glenview Trust Co purchased a new stake in shares of Welltower Inc. (NYSE:WELL) during the 2nd quarter, Holdings Channel reports. The institutional investor purchased 3,877 shares of the real estate investment trust’s stock, valued at approximately $880,000.

Other large investors have also recently added to or reduced their stakes in the company. Norges Bank acquired a new position in shares of Welltower in the fourth quarter valued at $5,466,264,000. Bank of America Corp DE acquired a new stake in Welltower during the second quarter worth $4,425,089,000. Cardano Risk Management B.V. increased its holdings in Welltower by 955.3% in the 4th quarter. Cardano Risk Management B.V. now owns 9,513,540 shares of the real estate investment trust’s stock valued at $1,765,808,000 after buying an additional 8,612,016 shares during the period. Legal & General Group Plc bought a new stake in Welltower in the 2nd quarter valued at $1,599,351,000. Finally, Capital World Investors raised its stake in shares of Welltower by 153.0% in the 4th 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 in the last quarter. Institutional investors and hedge funds own 94.80% of the company’s stock.

Welltower Trading Down 0.9%

Shares of WELL opened at $237.51 on Friday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 3.16 and a current ratio of 3.16. The company has a market cap of $171.18 billion, a price-to-earnings ratio of 108.95, a PEG ratio of 1.15 and a beta of 0.76. The stock has a fifty day moving average price of $235.54 and a two-hundred day moving average price of $217.59. Welltower Inc. has a 52-week low of $163.75 and a 52-week high of $255.20.

Welltower (NYSE:WELL) last announced its earnings results on Monday, July 27th. The real estate investment trust reported $0.61 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 business had revenue of $3.54 billion for the quarter, compared to the consensus estimate of $3.40 billion. During the same quarter in the previous year, the company posted $1.28 EPS. Welltower’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. Analysts predict that Welltower Inc. will post 6.43 EPS for the current fiscal year.

Welltower Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 20th. Shareholders of record on Wednesday, August 12th were given a $0.85 dividend. This represents a $3.40 annualized dividend and a yield of 1.4%. The ex-dividend date was Wednesday, August 12th. This is a boost from Welltower’s previous quarterly dividend of $0.74. Welltower’s dividend payout ratio is 155.96%.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on WELL. Royal Bank Of Canada raised their price objective on shares of Welltower from $238.00 to $260.00 and gave the stock an “outperform” rating in a report on Monday, August 3rd. Citigroup raised their price target on shares of Welltower from $255.00 to $275.00 and gave the stock a “buy” rating in a research note on Friday, July 31st. Mizuho upped their price objective on Welltower from $239.00 to $260.00 and gave the company an “outperform” rating in a research note on Wednesday, July 22nd. Scotiabank lowered their price objective on Welltower from $248.00 to $232.00 and set a “sector outperform” rating on the stock in a research note on Thursday, June 18th. Finally, KeyCorp raised their target price on Welltower from $240.00 to $275.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 4th. Fourteen analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $246.11.

Insiders Place Their Bets

In related news, Director Andrew Gundlach bought 5,000 shares of the company’s stock in a transaction on Tuesday, August 25th. The stock was bought at an average cost of $239.47 per share, with a total value of $1,197,350.00. Following the completion of the purchase, the director owned 25,000 shares in the company, valued at approximately $5,986,750. The trade was a 25.00% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 0.37% of the company’s stock.

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.