Patton Fund Management Inc. Sells 20,994 Shares of Welltower Inc. $WELL

Patton Fund Management Inc. decreased its holdings in Welltower Inc. (NYSE:WELL) by 62.8% during the 1st quarter, HoldingsChannel.com reports. The firm owned 12,428 shares of the real estate investment trust’s stock after selling 20,994 shares during the period. Patton Fund Management Inc.’s holdings in Welltower were worth $2,457,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the business. Norges Bank bought a new position in Welltower during the 4th quarter worth $5,466,264,000. Cardano Risk Management B.V. lifted its holdings in Welltower by 955.3% during the 4th quarter. Cardano Risk Management B.V. now owns 9,513,540 shares of the real estate investment trust’s stock worth $1,765,808,000 after buying an additional 8,612,016 shares during the period. Capital World Investors grew its position in shares of Welltower by 153.0% in the 4th quarter. Capital World Investors now owns 10,744,520 shares of the real estate investment trust’s stock valued at $1,994,290,000 after buying an additional 6,497,258 shares during the last quarter. Vanguard Group Inc. grew its position in shares of Welltower by 2.9% in the 4th quarter. Vanguard Group Inc. now owns 92,421,471 shares of the real estate investment trust’s stock valued at $17,154,349,000 after buying an additional 2,643,088 shares during the last quarter. Finally, Capital International Investors increased its stake in shares of Welltower by 4.1% in the third quarter. Capital International Investors now owns 46,516,255 shares of the real estate investment trust’s stock valued at $8,285,296,000 after buying an additional 1,842,934 shares during the period. Institutional investors own 94.80% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on WELL shares. Mizuho set a $239.00 price objective on Welltower in a research report on Friday, May 22nd. Citigroup upped their target price on Welltower from $245.00 to $255.00 and gave the company a “buy” rating in a report on Tuesday, May 5th. Royal Bank Of Canada reissued an “outperform” rating and set a $238.00 target price on shares of Welltower in a research report on Monday, June 15th. Raymond James Financial assumed coverage on shares of Welltower in a report on Tuesday, June 16th. They set an “outperform” rating and a $226.00 price target for the company. Finally, Wall Street Zen upgraded shares of Welltower from a “sell” rating to a “hold” rating in a research report on Saturday, May 2nd. Twelve equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $230.25.

Welltower Stock Performance

Shares of Welltower stock opened at $227.21 on Monday. The company has a current ratio of 4.31, a quick ratio of 4.31 and a debt-to-equity ratio of 0.40. The business has a 50-day moving average price of $211.84 and a two-hundred day moving average price of $202.03. Welltower Inc. has a 1-year low of $148.97 and a 1-year high of $228.53. The company has a market cap of $160.39 billion, a P/E ratio of 112.48, a PEG ratio of 1.17 and a beta of 0.79.

Welltower (NYSE:WELL) last announced its quarterly earnings data on Tuesday, April 28th. The real estate investment trust reported $1.02 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.68 by $0.34. The company had revenue of $3.35 billion for the quarter, compared to the consensus estimate of $3.12 billion. Welltower had a return on equity of 3.45% and a net margin of 11.96%.The firm’s revenue was up 38.3% compared to the same quarter last year. During the same period in the previous year, the business earned $1.20 EPS. Welltower has set its FY 2026 guidance at 6.210-6.350 EPS. As a group, analysts anticipate that Welltower Inc. will post 6.32 EPS for the current year.

Welltower Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 21st. Shareholders of record on Wednesday, May 13th were paid a $0.74 dividend. The ex-dividend date of this dividend was Wednesday, May 13th. This represents a $2.96 annualized dividend and a yield of 1.3%. Welltower’s payout ratio is 146.53%.

About Welltower

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.