Victory Capital Management Inc. Sells 9,543 Shares of Welltower Inc. $WELL

Victory Capital Management Inc. cut its position in Welltower Inc. (NYSE:WELL) by 2.2% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 432,789 shares of the real estate investment trust’s stock after selling 9,543 shares during the period. Victory Capital Management Inc. owned about 0.06% of Welltower worth $77,097,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its position in Welltower by 4.7% during the third quarter. Vanguard Group Inc. now owns 89,778,383 shares of the real estate investment trust’s stock valued at $15,993,121,000 after purchasing an additional 3,991,896 shares during the last quarter. State Street Corp raised its stake in Welltower by 4.6% in the 2nd quarter. State Street Corp now owns 39,616,289 shares of the real estate investment trust’s stock worth $6,090,212,000 after purchasing an additional 1,740,196 shares in the last quarter. Norges Bank bought a new position in Welltower during the 2nd quarter worth $4,903,554,000. Geode Capital Management LLC lifted its position in Welltower by 5.1% during the second quarter. Geode Capital Management LLC now owns 15,012,454 shares of the real estate investment trust’s stock worth $2,303,484,000 after purchasing an additional 723,887 shares during the period. Finally, JPMorgan Chase & Co. lifted its stake in Welltower by 1.9% during the second quarter. JPMorgan Chase & Co. now owns 7,898,391 shares of the real estate investment trust’s stock worth $1,214,232,000 after purchasing an additional 149,724 shares during the last quarter. 94.80% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research firms have commented on WELL. Jefferies Financial Group reiterated a “buy” rating and issued a $231.00 target price on shares of Welltower in a research report on Monday, December 15th. Royal Bank Of Canada increased their price objective on Welltower from $207.00 to $230.00 and gave the company an “outperform” rating in a report on Tuesday, February 24th. Citigroup increased their price target on Welltower from $215.00 to $245.00 and gave the company a “buy” rating in a research note on Wednesday, February 18th. UBS Group set a $240.00 price objective on Welltower in a research note on Thursday, February 12th. Finally, Cantor Fitzgerald increased their target price on shares of Welltower from $204.00 to $230.00 and gave the company an “overweight” rating in a research report on Thursday, February 12th. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $224.71.

Welltower Stock Down 0.8%

WELL opened at $205.18 on Friday. The company has a debt-to-equity ratio of 0.45, a current ratio of 3.46 and a quick ratio of 3.46. The firm has a market capitalization of $143.16 billion, a P/E ratio of 146.56, a PEG ratio of 1.41 and a beta of 0.82. Welltower Inc. has a fifty-two week low of $130.29 and a fifty-two week high of $216.43. The company’s 50-day moving average is $194.94 and its 200 day moving average is $185.63.

Welltower (NYSE:WELL) last released its earnings results on Tuesday, February 10th. The real estate investment trust reported $1.45 EPS for the quarter, beating analysts’ consensus estimates of $1.44 by $0.01. The business had revenue of $3.18 billion for the quarter, compared to analysts’ expectations of $2.93 billion. Welltower had a return on equity of 2.46% and a net margin of 8.64%.The firm’s revenue was up 41.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.13 earnings per share. Welltower has set its FY 2026 guidance at 6.090-6.25 EPS. Research analysts expect that Welltower Inc. will post 4.88 earnings per share for the current fiscal year.

Welltower Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 10th. Investors of record on Wednesday, February 25th 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, February 25th. Welltower’s dividend payout ratio is presently 211.43%.

Welltower 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.