Azzad Asset Management Inc. ADV Increases Stake in Welltower Inc. $WELL

Azzad Asset Management Inc. ADV lifted its holdings in shares of Welltower Inc. (NYSE:WELL) by 23.9% during the 1st quarter, Holdings Channel.com reports. The firm owned 40,189 shares of the real estate investment trust’s stock after buying an additional 7,760 shares during the quarter. Welltower accounts for about 0.8% of Azzad Asset Management Inc. ADV’s investment portfolio, making the stock its 15th largest holding. Azzad Asset Management Inc. ADV’s holdings in Welltower were worth $7,946,000 as of its most recent filing with the SEC.

A number of other large investors also recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its holdings in shares of Welltower by 2.9% in the fourth quarter. Vanguard Group Inc. now owns 92,421,471 shares of the real estate investment trust’s stock worth $17,154,349,000 after buying an additional 2,643,088 shares during the period. Capital International Investors lifted its stake 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 valued at $8,805,411,000 after acquiring an additional 915,514 shares during the last quarter. State Street Corp boosted its holdings in 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 valued at $7,751,134,000 after acquiring an additional 506,374 shares during the period. Norges Bank purchased a new stake in Welltower during the 4th quarter valued at about $5,466,264,000. Finally, Bank of America Corp DE grew its position in Welltower by 5.3% during the 4th quarter. Bank of America Corp DE now owns 20,403,258 shares of the real estate investment trust’s stock worth $3,787,049,000 after acquiring an additional 1,024,668 shares during the last quarter. Hedge funds and other institutional investors own 94.80% of the company’s stock.

Welltower Price Performance

Shares of WELL stock opened at $234.01 on Thursday. The company has a debt-to-equity ratio of 0.40, a quick ratio of 4.31 and a current ratio of 4.31. Welltower Inc. has a fifty-two week low of $150.70 and a fifty-two week high of $239.10. The firm has a market cap of $165.19 billion, a P/E ratio of 115.85, a P/E/G ratio of 1.17 and a beta of 0.77. The business’s 50 day moving average price is $215.70 and its 200-day moving average price is $204.46.

Welltower (NYSE:WELL) last announced its earnings results on Tuesday, April 28th. The real estate investment trust reported $1.02 EPS for the quarter, beating analysts’ consensus estimates of $0.68 by $0.34. Welltower had a return on equity of 3.45% and a net margin of 11.96%.The company had revenue of $3.35 billion during the quarter, compared to the consensus estimate of $3.12 billion. During the same quarter in the prior year, the company earned $1.20 earnings per share. The firm’s revenue for the quarter was up 38.3% on a year-over-year basis. Welltower has set its FY 2026 guidance at 6.210-6.350 EPS. On average, equities research analysts anticipate that Welltower Inc. will post 6.32 earnings per share for the current year.

Welltower Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 21st. Shareholders of record on Wednesday, May 13th were issued a $0.74 dividend. The ex-dividend date was Wednesday, May 13th. This represents a $2.96 annualized dividend and a yield of 1.3%. Welltower’s dividend payout ratio is 146.53%.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the company. Citigroup lifted their price target on Welltower from $245.00 to $255.00 and gave the stock a “buy” rating in a research note on Tuesday, May 5th. Weiss Ratings cut shares of Welltower from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, June 24th. Scotiabank cut their target price on shares of Welltower from $248.00 to $232.00 and set a “sector outperform” rating on the stock in a report on Thursday, June 18th. UBS Group lifted their target price on shares of Welltower from $249.00 to $271.00 and gave the stock a “buy” rating in a research note on Wednesday. Finally, Wells Fargo & Company upped their price target on shares of Welltower from $228.00 to $237.00 and gave the company an “overweight” rating in a report on Monday, June 1st. Thirteen analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, Welltower has an average rating of “Moderate Buy” and an average target price of $234.72.

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.