Providence First Trust Co Takes Position in Welltower Inc. $WELL

Providence First Trust Co bought a new stake in Welltower Inc. (NYSE:WELL) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 2,670 shares of the real estate investment trust’s stock, valued at approximately $496,000.

A number of other hedge funds have also recently added to or reduced their stakes in WELL. National Pension Service grew its position in Welltower by 2.1% during the 3rd quarter. National Pension Service now owns 1,691,931 shares of the real estate investment trust’s stock worth $301,401,000 after purchasing an additional 34,532 shares during the last quarter. B&I Capital AG raised its holdings in shares of Welltower by 5.7% in the third quarter. B&I Capital AG now owns 161,440 shares of the real estate investment trust’s stock valued at $28,759,000 after buying an additional 8,650 shares during the last quarter. GDS Wealth Management raised its holdings in shares of Welltower by 13.7% in the third quarter. GDS Wealth Management now owns 63,763 shares of the real estate investment trust’s stock valued at $11,359,000 after buying an additional 7,699 shares during the last quarter. New York Life Investment Management LLC boosted its stake in shares of Welltower by 4.3% during the third quarter. New York Life Investment Management LLC now owns 97,366 shares of the real estate investment trust’s stock worth $17,345,000 after buying an additional 4,019 shares during the period. Finally, Benchmark Investment Advisors LLC purchased a new position in shares of Welltower during the third quarter worth about $901,000. Hedge funds and other institutional investors own 94.80% of the company’s stock.

Welltower Stock Performance

NYSE WELL opened at $214.34 on Wednesday. The business has a 50 day moving average price of $205.96 and a 200 day moving average price of $196.36. The company has a market capitalization of $151.30 billion, a P/E ratio of 106.11, a PEG ratio of 1.13 and a beta of 0.83. Welltower Inc. has a 1-year low of $142.65 and a 1-year high of $219.59. The company has a debt-to-equity ratio of 0.40, a current ratio of 4.31 and a quick ratio of 4.31.

Welltower (NYSE:WELL) last posted its earnings results on Tuesday, April 28th. The real estate investment trust reported $1.02 EPS for the quarter, topping 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 for the quarter, compared to the consensus estimate of $3.12 billion. During the same period in the previous year, the business earned $1.20 earnings per share. Welltower’s quarterly revenue was up 38.3% compared to the same quarter last year. Welltower has set its FY 2026 guidance at 6.210-6.350 EPS. Sell-side analysts expect that Welltower Inc. will post 6.29 EPS for the current fiscal year.

Welltower Announces Dividend

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

Wall Street Analysts Forecast Growth

WELL has been the subject of several analyst reports. Citigroup upped their price target on Welltower from $245.00 to $255.00 and gave the stock a “buy” rating in a research note on Tuesday. Weiss Ratings upgraded Welltower from a “hold (c)” rating to a “buy (b-)” rating in a research report on Friday. BMO Capital Markets reissued an “outperform” rating and set a $245.00 target price on shares of Welltower in a research note on Monday. Wall Street Zen raised Welltower from a “sell” rating to a “hold” rating in a report on Saturday. Finally, KeyCorp lifted their price target on Welltower from $210.00 to $240.00 and gave the company an “overweight” rating in a research note on Tuesday, February 24th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, Welltower has a consensus rating of “Moderate Buy” and a consensus target price of $228.53.

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.