Investment Management Corp of Ontario Acquires 12,746 Shares of Welltower Inc. $WELL

Investment Management Corp of Ontario grew its holdings in Welltower Inc. (NYSE:WELL) by 20.5% in the fourth quarter, Holdings Channel reports. The firm owned 74,836 shares of the real estate investment trust’s stock after buying an additional 12,746 shares during the quarter. Investment Management Corp of Ontario’s holdings in Welltower were worth $13,890,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Hager Investment Management Services LLC increased its holdings in shares of Welltower by 84.4% in the 3rd quarter. Hager Investment Management Services LLC now owns 142 shares of the real estate investment trust’s stock worth $25,000 after purchasing an additional 65 shares in the last quarter. Marquette Asset Management LLC increased its holdings in shares of Welltower by 62.8% in the 4th quarter. Marquette Asset Management LLC now owns 153 shares of the real estate investment trust’s stock worth $28,000 after purchasing an additional 59 shares in the last quarter. Swiss RE Ltd. bought a new stake in shares of Welltower in the 4th quarter worth $29,000. Financial Consulate Inc. bought a new stake in shares of Welltower in the fourth quarter worth $34,000. Finally, Quarry LP bought a new stake in shares of Welltower in the third quarter worth $33,000. Institutional investors own 94.80% of the company’s stock.

Welltower Stock Performance

Shares of WELL opened at $206.65 on Thursday. The company has a debt-to-equity ratio of 0.40, a current ratio of 4.31 and a quick ratio of 4.31. Welltower Inc. has a one year low of $148.97 and a one year high of $221.68. The firm has a market capitalization of $145.88 billion, a P/E ratio of 102.30, a PEG ratio of 1.10 and a beta of 0.79. The business has a fifty day moving average of $210.53 and a 200 day moving average of $201.41.

Welltower (NYSE:WELL) last released its quarterly earnings results on Tuesday, April 28th. The real estate investment trust reported $1.02 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.68 by $0.34. Welltower had a return on equity of 3.45% and a net margin of 11.96%.The business had revenue of $3.35 billion during the quarter, compared to analyst estimates of $3.12 billion. During the same quarter in the previous year, the company 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. As a group, sell-side analysts anticipate that Welltower Inc. will post 6.32 EPS for the current year.

Welltower Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, May 21st. Shareholders of record on Wednesday, May 13th were issued a dividend of $0.74 per share. This represents a $2.96 annualized dividend and a yield of 1.4%. The ex-dividend date of this dividend was Wednesday, May 13th. Welltower’s payout ratio is currently 146.53%.

Wall Street Analyst Weigh In

Several brokerages recently commented on WELL. Jefferies Financial Group lifted their price objective on Welltower from $237.00 to $248.00 and gave the stock a “buy” rating in a report on Tuesday, May 12th. Weiss Ratings raised Welltower from a “hold (c+)” rating to a “buy (b-)” rating in a report on Tuesday, June 2nd. Citigroup lifted their price objective on Welltower from $245.00 to $255.00 and gave the stock a “buy” rating in a report on Tuesday, May 5th. Morgan Stanley lifted their price objective on Welltower from $200.00 to $215.00 and gave the stock an “overweight” rating in a report on Wednesday, February 18th. Finally, Mizuho set a $239.00 price objective on Welltower in a report on Friday, May 22nd. Thirteen equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $231.25.

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.