Connors Investor Services Inc. Sells 3,229 Shares of Welltower Inc. $WELL

Connors Investor Services Inc. trimmed its position in Welltower Inc. (NYSE:WELL) by 3.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 96,991 shares of the real estate investment trust’s stock after selling 3,229 shares during the quarter. Welltower accounts for 1.5% of Connors Investor Services Inc.’s holdings, making the stock its 22nd largest holding. Connors Investor Services Inc.’s holdings in Welltower were worth $17,996,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. National Pension Service grew its stake in shares of Welltower by 2.1% during the third quarter. National Pension Service now owns 1,691,931 shares of the real estate investment trust’s stock worth $301,401,000 after buying an additional 34,532 shares during the last quarter. B&I Capital AG grew its stake in shares of Welltower by 5.7% during the third quarter. B&I Capital AG now owns 161,440 shares of the real estate investment trust’s stock worth $28,759,000 after buying an additional 8,650 shares during the last quarter. GDS Wealth Management grew its stake in shares of Welltower by 13.7% during the third quarter. GDS Wealth Management now owns 63,763 shares of the real estate investment trust’s stock worth $11,359,000 after buying an additional 7,699 shares during the last quarter. New York Life Investment Management LLC grew its stake in shares of Welltower by 4.3% during the third quarter. New York Life Investment Management LLC now owns 97,366 shares of the real estate investment trust’s stock worth $17,345,000 after buying an additional 4,019 shares during the last quarter. Finally, Mitsubishi UFJ Asset Management UK Ltd. bought a new stake in shares of Welltower during the third quarter worth $1,781,000. Institutional investors own 94.80% of the company’s stock.

Welltower Stock Performance

Shares of Welltower stock opened at $216.31 on Friday. The company has a quick ratio of 4.31, a current ratio of 4.31 and a debt-to-equity ratio of 0.40. Welltower Inc. has a twelve month low of $147.49 and a twelve month high of $221.68. The stock has a market cap of $152.70 billion, a price-to-earnings ratio of 107.09, a P/E/G ratio of 1.13 and a beta of 0.83. The company’s fifty day moving average is $208.17 and its 200 day moving average is $199.71.

Welltower (NYSE:WELL) last issued its quarterly earnings data on Tuesday, April 28th. The real estate investment trust reported $1.02 earnings per share for the quarter, topping the consensus estimate of $0.68 by $0.34. Welltower had a net margin of 11.96% and a return on equity of 3.45%. The company had revenue of $3.35 billion for the quarter, compared to analysts’ expectations of $3.12 billion. During the same quarter in the previous year, the firm posted $1.20 earnings per share. Welltower’s revenue for the quarter was up 38.3% on a year-over-year basis. Welltower has set its FY 2026 guidance at 6.210-6.350 EPS. Sell-side analysts forecast that Welltower Inc. will post 6.28 EPS for the current year.

Welltower Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 21st. Investors 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 dividend yield of 1.4%. Welltower’s payout ratio is currently 146.53%.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on WELL shares. BMO Capital Markets reaffirmed an “outperform” rating and set a $245.00 target price on shares of Welltower in a research note on Monday, May 4th. Wells Fargo & Company boosted their target price on shares of Welltower from $218.00 to $228.00 and gave the stock an “overweight” rating in a research note on Thursday, March 26th. KeyCorp boosted their target price on shares of Welltower from $210.00 to $240.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 24th. Royal Bank Of Canada boosted their target price on shares of Welltower from $230.00 to $238.00 and gave the stock an “outperform” rating in a research note on Monday, May 4th. Finally, Cantor Fitzgerald boosted their target price on shares of Welltower from $204.00 to $230.00 and gave the stock an “overweight” rating in a research note on Thursday, February 12th. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $231.00.

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.