Bank of Nova Scotia Buys 50,066 Shares of Welltower Inc. $WELL

Bank of Nova Scotia boosted its stake in Welltower Inc. (NYSE:WELL) by 51.8% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 146,794 shares of the real estate investment trust’s stock after purchasing an additional 50,066 shares during the quarter. Bank of Nova Scotia’s holdings in Welltower were worth $26,150,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Hager Investment Management Services LLC lifted its position in shares of Welltower by 84.4% in the third quarter. Hager Investment Management Services LLC now owns 142 shares of the real estate investment trust’s stock worth $25,000 after buying an additional 65 shares in the last quarter. MMA Asset Management LLC bought a new position in Welltower during the third quarter valued at approximately $35,000. Global Wealth Strategies & Associates purchased a new position in Welltower during the 3rd quarter valued at approximately $36,000. Y.D. More Investments Ltd grew its holdings in Welltower by 585.7% during the 3rd quarter. Y.D. More Investments Ltd now owns 288 shares of the real estate investment trust’s stock valued at $51,000 after buying an additional 246 shares in the last quarter. Finally, Collier Financial bought a new stake in Welltower in the 3rd quarter worth approximately $54,000. Institutional investors own 94.80% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on WELL. Jefferies Financial Group reaffirmed a “buy” rating and set a $231.00 price objective on shares of Welltower in a report on Monday, December 15th. Morgan Stanley raised their target price on shares of Welltower from $200.00 to $215.00 and gave the company an “overweight” rating in a report on Wednesday, February 18th. Scotiabank boosted their price target on shares of Welltower from $214.00 to $236.00 and gave the stock a “sector outperform” rating in a research report on Monday, March 2nd. UBS Group set a $240.00 price target on shares of Welltower in a research note on Thursday, February 12th. Finally, Citigroup increased their price objective on shares of Welltower from $215.00 to $245.00 and gave the company a “buy” rating in a research report on Wednesday, February 18th. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Welltower currently has an average rating of “Moderate Buy” and an average target price of $224.71.

Welltower Trading Up 1.1%

Shares of WELL stock opened at $210.14 on Tuesday. The company has a market cap of $146.63 billion, a PE ratio of 150.10, a price-to-earnings-growth ratio of 1.42 and a beta of 0.82. Welltower Inc. has a 1 year low of $130.29 and a 1 year high of $216.43. The stock’s 50 day simple moving average is $197.75 and its two-hundred day simple moving average is $187.96. The company has a debt-to-equity ratio of 0.45, a current ratio of 3.46 and a quick ratio of 3.46.

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

Welltower Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 10th. Shareholders of record on Wednesday, February 25th were paid 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, February 25th. Welltower’s payout ratio is presently 211.43%.

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.