Red Cedar Investment Management LLC Purchases 6,442 Shares of Welltower Inc. $WELL

Red Cedar Investment Management LLC increased its position in shares of Welltower Inc. (NYSE:WELL) by 31.5% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 26,882 shares of the real estate investment trust’s stock after purchasing an additional 6,442 shares during the period. Red Cedar Investment Management LLC’s holdings in Welltower were worth $4,990,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Mitsubishi UFJ Asset Management UK Ltd. purchased a new stake in Welltower during the third quarter worth $1,781,000. New York Life Investment Management LLC increased its holdings in shares of Welltower by 4.3% in the 3rd quarter. New York Life Investment Management LLC now owns 97,366 shares of the real estate investment trust’s stock valued at $17,345,000 after acquiring an additional 4,019 shares during the period. Benchmark Investment Advisors LLC bought a new position in shares of Welltower in the 3rd quarter worth $901,000. AIA Group Ltd raised its position in shares of Welltower by 53.8% in the 3rd quarter. AIA Group Ltd now owns 24,000 shares of the real estate investment trust’s stock worth $4,275,000 after acquiring an additional 8,400 shares in the last quarter. Finally, Vanguard Group Inc. lifted its stake in shares of Welltower by 4.7% during the 3rd quarter. Vanguard Group Inc. now owns 89,778,383 shares of the real estate investment trust’s stock worth $15,993,121,000 after purchasing an additional 3,991,896 shares during the last quarter. 94.80% of the stock is owned by hedge funds and other institutional investors.

Welltower Trading Up 3.2%

Shares of NYSE:WELL opened at $206.46 on Wednesday. The business’s 50-day moving average is $209.07 and its 200 day moving average is $201.03. 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 Inc. has a 1 year low of $148.70 and a 1 year high of $221.68. The firm has a market capitalization of $145.74 billion, a P/E ratio of 102.21, a P/E/G ratio of 1.03 and a beta of 0.79.

Welltower (NYSE:WELL) last issued its quarterly earnings results on Tuesday, April 28th. The real estate investment trust reported $1.02 earnings per share 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 business had revenue of $3.35 billion for the quarter, compared to analyst estimates of $3.12 billion. During the same quarter in the previous year, the firm earned $1.20 earnings per share. The company’s revenue 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, research analysts predict that Welltower Inc. will post 6.32 earnings per share for the current fiscal year.

Welltower Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, May 21st. Shareholders of record on Wednesday, May 13th were given a dividend of $0.74 per share. This represents a $2.96 annualized dividend and a yield of 1.4%. The ex-dividend date of this dividend was Wednesday, May 13th. Welltower’s payout ratio is currently 146.53%.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on WELL. KeyCorp lifted their target price on Welltower from $210.00 to $240.00 and gave the company an “overweight” rating in a research note on Tuesday, February 24th. Jefferies Financial Group increased their price target on shares of Welltower from $237.00 to $248.00 and gave the company a “buy” rating in a research report on Tuesday, May 12th. Scotiabank raised their price target on shares of Welltower from $236.00 to $248.00 and gave the company an “outperform” rating in a report on Thursday, May 21st. BMO Capital Markets reaffirmed an “outperform” rating and issued a $245.00 price objective on shares of Welltower in a research report on Monday, May 4th. Finally, Weiss Ratings upgraded shares of Welltower from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Tuesday, June 2nd. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Welltower presently has a consensus rating of “Moderate Buy” and a consensus target price of $231.60.

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.