Bank of America Corp DE Purchases 367,463 Shares of Welltower Inc. $WELL

Bank of America Corp DE raised its position in shares of Welltower Inc. (NYSE:WELL) by 1.9% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 19,378,590 shares of the real estate investment trust’s stock after purchasing an additional 367,463 shares during the quarter. Bank of America Corp DE’s holdings in Welltower were worth $3,452,102,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in WELL. Bank of Nova Scotia increased its position in shares of Welltower by 51.8% in the third quarter. Bank of Nova Scotia now owns 146,794 shares of the real estate investment trust’s stock valued at $26,150,000 after acquiring an additional 50,066 shares during the period. Algert Global LLC purchased a new stake in shares of Welltower during the third quarter worth about $2,624,000. Schonfeld Strategic Advisors LLC grew its stake in shares of Welltower by 253.9% in the third quarter. Schonfeld Strategic Advisors LLC now owns 165,668 shares of the real estate investment trust’s stock worth $29,512,000 after purchasing an additional 118,860 shares during the last quarter. Creative Planning grew its stake in shares of Welltower by 11.5% in the third quarter. Creative Planning now owns 200,963 shares of the real estate investment trust’s stock worth $35,799,000 after purchasing an additional 20,738 shares during the last quarter. Finally, FJ Capital Management LLC increased its holdings in Welltower by 1.4% during the 3rd quarter. FJ Capital Management LLC now owns 28,845 shares of the real estate investment trust’s stock valued at $5,138,000 after purchasing an additional 391 shares during the period. Institutional investors own 94.80% of the company’s stock.

Welltower Stock Performance

Shares of WELL opened at $207.88 on Friday. The company has a 50-day simple moving average of $197.25 and a two-hundred day simple moving average of $187.52. 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 $145.05 billion, a PE ratio of 148.48, a price-to-earnings-growth ratio of 1.42 and a beta of 0.82. Welltower Inc. has a one year low of $130.29 and a one year high of $216.43.

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

Welltower Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 10th. Investors of record on Wednesday, February 25th were given a dividend of $0.74 per share. The ex-dividend date was Wednesday, February 25th. This represents a $2.96 annualized dividend and a dividend yield of 1.4%. Welltower’s payout ratio is currently 211.43%.

Analyst Upgrades and Downgrades

A number of research analysts have commented on WELL shares. Wall Street Zen lowered Welltower from a “hold” rating to a “sell” rating in a research report on Saturday, February 14th. Mizuho boosted their target price on Welltower from $216.00 to $231.00 and gave the company an “outperform” rating in a research note on Wednesday, March 4th. Weiss Ratings downgraded Welltower from a “buy (b-)” rating to a “hold (c)” rating in a report on Tuesday, February 17th. Citigroup raised their price target on Welltower from $215.00 to $245.00 and gave the stock a “buy” rating in a research note on Wednesday, February 18th. Finally, Wells Fargo & Company lifted their price target on shares of Welltower from $200.00 to $218.00 and gave the company an “overweight” rating in a report on Tuesday, November 25th. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Welltower presently has an average rating of “Moderate Buy” and an average price target of $224.71.

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.