Sumitomo Life Insurance Co. Purchases New Stake in Welltower Inc. $WELL

Sumitomo Life Insurance Co. acquired a new position in shares of Welltower Inc. (NYSE:WELL) in the 2nd quarter, Holdings Channel.com reports. The firm acquired 14,344 shares of the real estate investment trust’s stock, valued at approximately $3,256,000.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Leonteq Securities AG increased its holdings in Welltower by 92.3% in the 1st quarter. Leonteq Securities AG now owns 125 shares of the real estate investment trust’s stock valued at $25,000 after buying an additional 60 shares during the period. Kilter Group LLC bought a new stake in shares of Welltower during the 2nd quarter worth approximately $29,000. Sound Income Strategies LLC lifted its holdings in shares of Welltower by 124.6% during the 1st quarter. Sound Income Strategies LLC now owns 137 shares of the real estate investment trust’s stock worth $27,000 after acquiring an additional 76 shares during the period. Swiss RE Ltd. acquired a new stake in shares of Welltower during the 4th quarter worth approximately $29,000. Finally, Summit Securities Group LLC boosted its position in shares of Welltower by 42.6% during the 2nd quarter. Summit Securities Group LLC now owns 164 shares of the real estate investment trust’s stock worth $37,000 after acquiring an additional 49 shares in the last quarter. Institutional investors own 94.80% of the company’s stock.

Welltower Trading Up 1.1%

Shares of Welltower stock opened at $239.95 on Friday. The firm has a market capitalization of $172.94 billion, a PE ratio of 110.07, a price-to-earnings-growth ratio of 1.14 and a beta of 0.76. The company has a current ratio of 3.16, a quick ratio of 3.16 and a debt-to-equity ratio of 0.37. The firm’s 50 day moving average is $232.48 and its 200 day moving average is $215.83. Welltower Inc. has a 1 year low of $163.75 and a 1 year high of $255.20.

Welltower (NYSE:WELL) last issued its quarterly earnings data on Monday, July 27th. The real estate investment trust reported $0.61 EPS for the quarter, missing the consensus estimate of $0.66 by ($0.05). The company had revenue of $3.54 billion during the quarter, compared to the consensus estimate of $3.40 billion. Welltower had a net margin of 12.15% and a return on equity of 3.56%. Welltower’s revenue for the quarter was up 39.1% on a year-over-year basis. During the same period in the previous year, the company earned $1.28 EPS. Welltower has set its FY 2026 guidance at 6.360-6.440 EPS. Equities research analysts forecast that Welltower Inc. will post 6.44 earnings per share for the current fiscal year.

Welltower Increases Dividend

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

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on WELL shares. Jefferies Financial Group lifted their price objective on shares of Welltower from $237.00 to $248.00 and gave the company a “buy” rating in a research note on Tuesday, May 12th. Evercore restated an “outperform” rating and set a $260.00 target price on shares of Welltower in a research note on Thursday, July 30th. Raymond James Financial began coverage on Welltower in a report on Tuesday, June 16th. They issued an “outperform” rating and a $226.00 target price on the stock. Deutsche Bank Aktiengesellschaft lifted their price target on Welltower from $215.00 to $265.00 and gave the company a “buy” rating in a research note on Wednesday, July 1st. Finally, UBS Group boosted their price target on Welltower from $249.00 to $271.00 and gave the stock a “buy” rating in a report on Wednesday, July 8th. Fourteen investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $246.11.

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.