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

PNC Financial Services Group Inc. boosted its holdings in Welltower Inc. (NYSE:WELL) by 1.6% in the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 227,950 shares of the real estate investment trust’s stock after buying an additional 3,497 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Welltower were worth $45,068,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Leonteq Securities AG grew its position in shares of Welltower by 92.3% during the first 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 in the last quarter. Sound Income Strategies LLC lifted its holdings 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 worth $27,000 after purchasing an additional 76 shares in the last quarter. Marquette Asset Management LLC boosted its stake in Welltower by 62.8% in the 4th quarter. Marquette Asset Management LLC now owns 153 shares of the real estate investment trust’s stock worth $28,000 after purchasing an additional 59 shares during the period. Swiss RE Ltd. purchased a new stake in Welltower during the 4th quarter valued at approximately $29,000. Finally, Quarry LP bought a new stake in shares of Welltower during the third quarter valued at approximately $33,000. Institutional investors own 94.80% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the stock. UBS Group boosted their target price on shares of Welltower from $249.00 to $271.00 and gave the stock a “buy” rating in a report on Wednesday, July 8th. Wells Fargo & Company raised their target price on shares of Welltower from $228.00 to $237.00 and gave the company an “overweight” rating in a research note on Monday, June 1st. Mizuho lifted their price target on shares of Welltower from $239.00 to $260.00 and gave the company an “outperform” rating in a report on Wednesday. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Welltower from $215.00 to $265.00 and gave the stock a “buy” rating in a research note on Wednesday, July 1st. Finally, Weiss Ratings lowered Welltower from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, June 24th. Thirteen investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $235.89.

Welltower Price Performance

Shares of WELL stock opened at $247.19 on Friday. Welltower Inc. has a twelve month low of $158.24 and a twelve month high of $250.12. The stock has a market capitalization of $174.49 billion, a price-to-earnings ratio of 122.37, a P/E/G ratio of 1.20 and a beta of 0.77. The stock has a fifty day simple moving average of $220.98 and a two-hundred day simple moving average of $208.54. 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 announced its quarterly earnings results on Tuesday, April 28th. The real estate investment trust reported $1.02 EPS for the quarter, beating the consensus estimate of $0.68 by $0.34. The firm had revenue of $3.35 billion for the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same quarter last year, the firm posted $1.20 earnings per share. Welltower has set its FY 2026 guidance at 6.210-6.350 EPS. On average, analysts predict that Welltower Inc. will post 6.32 EPS for the current fiscal year.

Welltower Announces Dividend

The firm also recently announced 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 dividend payout ratio (DPR) is 146.53%.

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.