TD Waterhouse Canada Inc. Purchases 6,889 Shares of Welltower Inc. $WELL

TD Waterhouse Canada Inc. lifted its position in shares of Welltower Inc. (NYSE:WELL) by 11.8% in the second quarter, HoldingsChannel.com reports. The fund owned 65,218 shares of the real estate investment trust’s stock after buying an additional 6,889 shares during the period. TD Waterhouse Canada Inc.’s holdings in Welltower were worth $15,021,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in WELL. Norges Bank acquired a new stake in shares of Welltower in the 4th quarter valued at $5,466,264,000. Bank of America Corp DE acquired a new stake in Welltower in the second quarter valued at about $4,425,089,000. Cardano Risk Management B.V. grew its position in Welltower by 955.3% in the fourth quarter. Cardano Risk Management B.V. now owns 9,513,540 shares of the real estate investment trust’s stock valued at $1,765,808,000 after acquiring an additional 8,612,016 shares during the last quarter. Legal & General Group Plc acquired a new position in Welltower during the second quarter worth about $1,599,351,000. Finally, Capital World Investors raised its stake in Welltower by 153.0% during the fourth quarter. Capital World Investors now owns 10,744,520 shares of the real estate investment trust’s stock worth $1,994,290,000 after acquiring an additional 6,497,258 shares in the last quarter. 94.80% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the stock. Citigroup increased their target price on shares of Welltower from $255.00 to $275.00 and gave the stock a “buy” rating in a report on Friday, July 31st. Morgan Stanley upped their price objective on shares of Welltower from $215.00 to $251.00 and gave the stock an “overweight” rating in a research report on Tuesday. Cantor Fitzgerald increased their price objective on shares of Welltower from $235.00 to $260.00 and gave the company an “overweight” rating in a research note on Friday, July 31st. Raymond James Financial began coverage on shares of Welltower in a research report on Tuesday, June 16th. They issued an “outperform” rating and a $226.00 target price on the stock. Finally, Wells Fargo & Company boosted their target price on shares of Welltower from $237.00 to $266.00 and gave the stock an “overweight” rating in a research note on Tuesday. Fourteen investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, Welltower currently has a consensus rating of “Moderate Buy” and an average price target of $251.06.

Welltower Price Performance

Shares of NYSE:WELL opened at $236.07 on Friday. The firm has a market cap of $170.15 billion, a PE ratio of 108.29, a price-to-earnings-growth ratio of 1.15 and a beta of 0.76. The firm’s fifty day moving average is $237.37 and its 200-day moving average is $218.77. The company has a debt-to-equity ratio of 0.37, a quick ratio of 3.16 and a current ratio of 3.16. Welltower Inc. has a 52 week low of $163.75 and a 52 week high of $255.20.

Welltower (NYSE:WELL) last posted its quarterly earnings data on Monday, July 27th. The real estate investment trust reported $0.61 earnings per share for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.05). The company had revenue of $3.54 billion during the quarter, compared to analyst estimates of $3.40 billion. Welltower had a net margin of 12.15% and a return on equity of 3.56%. The business’s revenue for the quarter was up 39.1% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.28 earnings per share. Welltower has set its FY 2026 guidance at 6.360-6.440 EPS. Sell-side analysts predict that Welltower Inc. will post 6.43 earnings per share for the current year.

Welltower Increases Dividend

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

Insider Activity

In related news, Director Andrew Gundlach acquired 5,000 shares of the stock in a transaction dated Tuesday, August 25th. The stock was bought at an average cost of $239.47 per share, for a total transaction of $1,197,350.00. Following the completion of the transaction, the director directly owned 25,000 shares of the company’s stock, valued at $5,986,750. The trade was a 25.00% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.37% of the stock is owned by company insiders.

About Welltower

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.