Pier 88 Investment Partners LLC Takes $3.90 Million Position in Welltower Inc. $WELL

Pier 88 Investment Partners LLC acquired a new stake in Welltower Inc. (NYSE:WELL) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 21,000 shares of the real estate investment trust’s stock, valued at approximately $3,898,000. Welltower accounts for approximately 0.9% of Pier 88 Investment Partners LLC’s portfolio, making the stock its 28th biggest holding.

Several other large investors have also modified their holdings of the company. Trek Financial LLC acquired a new stake in shares of Welltower in the fourth quarter valued at approximately $3,985,000. AG2R LA Mondiale Gestion D Actifs boosted its holdings in shares of Welltower by 8.5% in the fourth quarter. AG2R LA Mondiale Gestion D Actifs now owns 27,288 shares of the real estate investment trust’s stock valued at $5,065,000 after acquiring an additional 2,129 shares during the period. Valeo Financial Advisors LLC boosted its holdings in shares of Welltower by 5.1% in the fourth quarter. Valeo Financial Advisors LLC now owns 4,765 shares of the real estate investment trust’s stock valued at $884,000 after acquiring an additional 230 shares during the period. Swiss Life Asset Management Ltd boosted its holdings in shares of Welltower by 10.6% in the fourth quarter. Swiss Life Asset Management Ltd now owns 138,267 shares of the real estate investment trust’s stock valued at $25,664,000 after acquiring an additional 13,254 shares during the period. Finally, ABN AMRO Bank N.V. boosted its holdings in shares of Welltower by 3.0% in the fourth quarter. ABN AMRO Bank N.V. now owns 107,539 shares of the real estate investment trust’s stock valued at $19,911,000 after acquiring an additional 3,172 shares during the period. 94.80% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on WELL shares. Wells Fargo & Company increased their price target on Welltower from $218.00 to $228.00 and gave the stock an “overweight” rating in a report on Thursday, March 26th. Citigroup increased their price target on Welltower from $245.00 to $255.00 and gave the stock a “buy” rating in a report on Tuesday, May 5th. Weiss Ratings raised Welltower from a “hold (c)” rating to a “buy (b-)” rating in a report on Friday, May 1st. Cantor Fitzgerald increased their price target on Welltower from $204.00 to $230.00 and gave the stock an “overweight” rating in a report on Thursday, February 12th. Finally, UBS Group increased their price target on Welltower from $240.00 to $249.00 and gave the stock a “buy” rating in a report on Monday, May 4th. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $228.53.

Welltower Trading Down 0.0%

NYSE:WELL opened at $214.52 on Tuesday. The stock has a fifty day moving average price of $206.42 and a two-hundred day moving average price of $197.48. The stock has a market capitalization of $151.43 billion, a price-to-earnings ratio of 106.20, a PEG ratio of 1.12 and a beta of 0.83. 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 1 year low of $142.65 and a 1 year high of $219.59.

Welltower (NYSE:WELL) last released its quarterly earnings data on Tuesday, April 28th. The real estate investment trust reported $1.02 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.68 by $0.34. The firm had revenue of $3.35 billion during the quarter, compared to analysts’ expectations of $3.12 billion. Welltower had a return on equity of 3.45% and a net margin of 11.96%.Welltower’s revenue was up 38.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.20 earnings per share. Welltower has set its FY 2026 guidance at 6.210-6.350 EPS. As a group, sell-side analysts anticipate that Welltower Inc. will post 6.29 earnings per share for the current fiscal year.

Welltower Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 21st. Shareholders of record on Wednesday, May 13th will be given a $0.74 dividend. The ex-dividend date is Wednesday, May 13th. This represents a $2.96 annualized dividend and a yield of 1.4%. Welltower’s dividend payout ratio is presently 146.53%.

About Welltower

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.