L2 Asset Management LLC Buys New Holdings in Welltower Inc. $WELL

L2 Asset Management LLC purchased a new position in Welltower Inc. (NYSE:WELL) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 4,037 shares of the real estate investment trust’s stock, valued at approximately $916,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in WELL. BlackRock Inc. grew its stake 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 worth $17,714,830,000 after purchasing an additional 4,045,458 shares in the last quarter. Capital International Investors increased its holdings in Welltower by 2.0% in the fourth 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 buying an additional 915,514 shares during the last quarter. State Street Corp raised its stake in Welltower by 1.2% in the fourth 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 buying an additional 506,374 shares in the last quarter. Norges Bank acquired a new stake in Welltower in the fourth quarter valued at $5,466,264,000. Finally, Bank of America Corp DE raised its stake 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 buying an additional 1,347,243 shares in the last quarter. Institutional investors and hedge funds own 94.80% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently issued reports on WELL shares. BMO Capital Markets reaffirmed an “outperform” rating and set a $245.00 price objective on shares of Welltower in a research report on Monday, May 4th. Jefferies Financial Group increased their price objective on Welltower from $237.00 to $248.00 and gave the company a “buy” rating in a report on Tuesday, May 12th. Citigroup raised their target price on Welltower from $255.00 to $275.00 and gave the stock a “buy” rating in a research report on Friday, July 31st. Scotiabank decreased their target price on Welltower from $248.00 to $232.00 and set a “sector outperform” rating for the company in a research note on Thursday, June 18th. Finally, Wells Fargo & Company upped their price target on Welltower from $228.00 to $237.00 and gave the company an “overweight” rating in a report on Monday, June 1st. Fourteen investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, Welltower presently has an average rating of “Moderate Buy” and an average target price of $246.11.

Welltower Price Performance

Shares of NYSE:WELL opened at $240.07 on Tuesday. The company’s fifty day moving average price is $233.02 and its 200 day moving average price is $216.40. Welltower Inc. has a 12 month low of $163.75 and a 12 month high of $255.20. The company has a debt-to-equity ratio of 0.37, a current ratio of 3.16 and a quick ratio of 3.16. The firm has a market capitalization of $173.03 billion, a P/E ratio of 110.13, a P/E/G ratio of 1.14 and a beta of 0.76.

Welltower (NYSE:WELL) last released its quarterly earnings data 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 net margin of 12.15% and a return on equity of 3.56%. The company had revenue of $3.54 billion during the quarter, compared to analyst estimates of $3.40 billion. During the same quarter in the prior year, the company earned $1.28 EPS. The business’s revenue was up 39.1% on a year-over-year basis. Welltower has set its FY 2026 guidance at 6.360-6.440 EPS. As a group, sell-side analysts predict that Welltower Inc. will post 6.44 earnings per share for the current fiscal year.

Welltower Increases Dividend

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

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.