Commerce Bank Buys Shares of 25,712 Welltower Inc. $WELL

Commerce Bank purchased a new stake in shares of Welltower Inc. (NYSE:WELL) during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 25,712 shares of the real estate investment trust’s stock, valued at approximately $5,836,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of WELL. Pinnbrook Capital Management LP bought a new position in shares of Welltower in the second quarter worth $5,788,000. Northwestern Mutual Wealth Management Co. purchased a new position in Welltower in the 2nd quarter worth approximately $15,416,000. WealthShield Partners LLC purchased a new stake in shares of Welltower during the 2nd quarter valued at $328,000. Varma Mutual Pension Insurance Co purchased a new stake in shares of Welltower during the 2nd quarter valued at $30,522,000. Finally, Westpac Banking Corp bought a new stake in shares of Welltower during the 2nd quarter worth $15,916,000. 94.80% of the stock is owned by hedge funds and other institutional investors.

Welltower Trading Up 0.3%

NYSE WELL opened at $239.95 on Monday. The firm has a market cap of $172.94 billion, a PE ratio of 110.07, a price-to-earnings-growth ratio of 1.14 and a beta of 0.76. Welltower Inc. has a 1-year low of $163.75 and a 1-year high of $255.20. The stock has a 50-day moving average of $232.48 and a 200-day moving average of $216.03. The company has a current ratio of 3.16, a quick ratio of 3.16 and a debt-to-equity ratio of 0.37.

Welltower (NYSE:WELL) last announced its quarterly earnings results on Monday, July 27th. The real estate investment trust reported $0.61 EPS for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.05). Welltower had a return on equity of 3.56% and a net margin of 12.15%.The company had revenue of $3.54 billion during the quarter, compared to analysts’ expectations of $3.40 billion. During the same period last year, the firm earned $1.28 earnings per share. Welltower’s revenue for the quarter was up 39.1% on a year-over-year basis. Welltower has set its FY 2026 guidance at 6.360-6.440 EPS. As a group, sell-side analysts forecast that Welltower Inc. will post 6.44 EPS for the current year.

Welltower Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, August 20th. Shareholders of record on Wednesday, August 12th were given a dividend of $0.85 per share. This represents a $3.40 annualized dividend and a yield of 1.4%. The ex-dividend date of this dividend was Wednesday, August 12th. This is an increase from Welltower’s previous quarterly dividend of $0.74. Welltower’s dividend payout ratio is currently 155.96%.

Wall Street Analysts Forecast Growth

WELL has been the topic of a number of research reports. Wall Street Zen upgraded Welltower from a “sell” rating to a “hold” rating in a research report on Saturday, May 2nd. KeyCorp upped their price objective on Welltower from $240.00 to $275.00 and gave the stock an “overweight” rating in a report on Tuesday, August 4th. Citigroup increased their price objective on Welltower from $255.00 to $275.00 and gave the company a “buy” rating in a research report on Friday, July 31st. Jefferies Financial Group raised their price objective on Welltower from $237.00 to $248.00 and gave the company a “buy” rating in a report on Tuesday, May 12th. Finally, UBS Group upped their target price on Welltower from $249.00 to $271.00 and gave the stock a “buy” rating in a research note on Wednesday, July 8th. Fourteen research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $246.11.

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.