The Manufacturers Life Insurance Company Acquires New Holdings in Welltower Inc. $WELL

The Manufacturers Life Insurance Company bought a new stake in Welltower Inc. (NYSE:WELL) during the second quarter, Holdings Channel.com reports. The institutional investor bought 403,898 shares of the real estate investment trust’s stock, valued at approximately $91,673,000.

Other hedge funds also recently bought and sold shares of the company. BlackRock Inc. increased its position in shares of Welltower by 5.5% during the second quarter. BlackRock Inc. now owns 78,049,214 shares of the real estate investment trust’s stock valued at $17,714,830,000 after acquiring an additional 4,045,458 shares during the last quarter. Capital International Investors lifted its holdings in shares of Welltower by 2.0% in the 4th quarter. Capital International Investors now owns 47,431,769 shares of the real estate investment trust’s stock worth $8,805,411,000 after acquiring an additional 915,514 shares during the last quarter. State Street Corp boosted its position in shares of Welltower by 1.2% during the 4th quarter. State Street Corp now owns 41,760,328 shares of the real estate investment trust’s stock worth $7,751,134,000 after purchasing an additional 506,374 shares during the period. Norges Bank acquired a new stake in Welltower in the 4th quarter valued at approximately $5,466,264,000. Finally, Bank of America Corp DE raised its position in Welltower by 6.6% in the first quarter. Bank of America Corp DE now owns 21,750,501 shares of the real estate investment trust’s stock valued at $4,300,291,000 after purchasing an additional 1,347,243 shares during the period. Hedge funds and other institutional investors own 94.80% of the company’s stock.

Welltower Stock Up 0.5%

Shares of Welltower stock opened at $241.33 on Wednesday. The company has a market cap of $173.94 billion, a P/E ratio of 110.70, a PEG ratio of 1.15 and a beta of 0.76. The company has a debt-to-equity ratio of 0.37, a quick ratio of 3.16 and a current ratio of 3.16. Welltower Inc. has a one year low of $163.75 and a one year high of $255.20. The firm has a fifty day moving average of $233.57 and a two-hundred day moving average of $216.79.

Welltower (NYSE:WELL) last announced its quarterly earnings data on Monday, July 27th. The real estate investment trust reported $0.61 EPS for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.05). Welltower had a net margin of 12.15% and a return on equity of 3.56%. The firm had revenue of $3.54 billion during the quarter, compared to analyst estimates of $3.40 billion. During the same quarter in the previous year, the business earned $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. On average, analysts forecast that Welltower Inc. will post 6.44 earnings per share 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 given a dividend of $0.85 per share. This represents a $3.40 annualized dividend and a dividend yield of 1.4%. The ex-dividend date was Wednesday, August 12th. This is an increase from Welltower’s previous quarterly dividend of $0.74. Welltower’s payout ratio is presently 155.96%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on WELL shares. Weiss Ratings lowered shares of Welltower from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, June 24th. Wells Fargo & Company boosted their price objective on shares of Welltower from $228.00 to $237.00 and gave the stock an “overweight” rating in a research report on Monday, June 1st. BMO Capital Markets reissued an “outperform” rating and issued a $245.00 target price on shares of Welltower in a research report on Monday, May 4th. Citigroup upped their price target on shares of Welltower from $255.00 to $275.00 and gave the company a “buy” rating in a research report on Friday, July 31st. Finally, KeyCorp increased their price target on shares of Welltower from $240.00 to $275.00 and gave the stock an “overweight” rating in a research note on Tuesday, August 4th. Fourteen equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, Welltower presently has a consensus rating of “Moderate Buy” and a consensus price target of $246.11.

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.