Assetmark Inc. Increases Stock Position in Welltower Inc. $WELL

Assetmark Inc. boosted its holdings in Welltower Inc. (NYSE:WELL) by 9.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 125,578 shares of the real estate investment trust’s stock after purchasing an additional 10,896 shares during the quarter. Assetmark Inc.’s holdings in Welltower were worth $22,371,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of WELL. State Street Corp boosted its stake in shares of Welltower by 4.6% during the second quarter. State Street Corp now owns 39,616,289 shares of the real estate investment trust’s stock worth $6,090,212,000 after buying an additional 1,740,196 shares during the period. Norges Bank purchased a new position in shares of Welltower in the 2nd quarter valued at approximately $4,903,554,000. Geode Capital Management LLC grew its stake in shares of Welltower by 5.1% in the 2nd quarter. Geode Capital Management LLC now owns 15,012,454 shares of the real estate investment trust’s stock valued at $2,303,484,000 after purchasing an additional 723,887 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in shares of Welltower by 1.9% in the second quarter. JPMorgan Chase & Co. now owns 7,898,391 shares of the real estate investment trust’s stock valued at $1,214,232,000 after purchasing an additional 149,724 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its stake in shares of Welltower by 5.4% during the second quarter. Charles Schwab Investment Management Inc. now owns 7,329,291 shares of the real estate investment trust’s stock worth $1,126,732,000 after purchasing an additional 372,697 shares during the last quarter. 94.80% of the stock is owned by hedge funds and other institutional investors.

Welltower Stock Performance

Shares of WELL stock opened at $210.71 on Friday. The stock has a fifty day moving average price of $189.50 and a 200 day moving average price of $181.62. The company has a debt-to-equity ratio of 0.45, a quick ratio of 5.47 and a current ratio of 3.46. The stock has a market cap of $144.61 billion, a PE ratio of 150.51, a P/E/G ratio of 1.39 and a beta of 0.85. Welltower Inc. has a 1 year low of $130.29 and a 1 year high of $212.62.

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

Welltower Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 10th. Stockholders of record on Wednesday, February 25th will be paid a dividend of $0.74 per share. This represents a $2.96 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date of this dividend is Wednesday, February 25th. Welltower’s dividend payout ratio (DPR) is 211.43%.

Analysts Set New Price Targets

A number of research firms recently weighed in on WELL. Weiss Ratings reiterated a “buy (b-)” rating on shares of Welltower in a research report on Monday, December 29th. Wells Fargo & Company lifted their target price on shares of Welltower from $200.00 to $218.00 and gave the company an “overweight” rating in a report on Tuesday, November 25th. Jefferies Financial Group reiterated a “buy” rating and set a $231.00 price target on shares of Welltower in a research note on Monday, December 15th. Wall Street Zen cut shares of Welltower from a “hold” rating to a “sell” rating in a report on Saturday. Finally, KeyCorp reaffirmed an “overweight” rating on shares of Welltower in a report on Wednesday. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $210.21.

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.