Red Cedar Investment Management LLC Purchases 6,442 Shares of Welltower Inc. $WELL

Red Cedar Investment Management LLC grew its position in shares of Welltower Inc. (NYSE:WELL) by 31.5% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 26,882 shares of the real estate investment trust’s stock after acquiring an additional 6,442 shares during the quarter. Red Cedar Investment Management LLC’s holdings in Welltower were worth $4,990,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of WELL. Vanguard Group Inc. lifted its position in Welltower by 2.9% during the fourth quarter. Vanguard Group Inc. now owns 92,421,471 shares of the real estate investment trust’s stock valued at $17,154,349,000 after purchasing an additional 2,643,088 shares during the last quarter. Capital International Investors raised its position in Welltower by 2.0% during the fourth quarter. Capital International Investors now owns 47,431,769 shares of the real estate investment trust’s stock valued at $8,805,411,000 after purchasing an additional 915,514 shares during the period. State Street Corp raised its position in Welltower by 4.1% during the third quarter. State Street Corp now owns 41,253,954 shares of the real estate investment trust’s stock valued at $7,348,979,000 after purchasing an additional 1,637,665 shares during the period. Norges Bank bought a new stake in shares of Welltower in the 4th quarter valued at approximately $5,466,264,000. Finally, Bank of America Corp DE lifted its stake in shares of Welltower by 1.9% in the 3rd quarter. Bank of America Corp DE now owns 19,378,590 shares of the real estate investment trust’s stock valued at $3,452,102,000 after purchasing an additional 367,463 shares during the last quarter. 94.80% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on WELL shares. Scotiabank raised their price target on Welltower from $236.00 to $248.00 and gave the stock an “outperform” rating in a research report on Thursday, May 21st. Wells Fargo & Company increased their target price on shares of Welltower from $228.00 to $237.00 and gave the company an “overweight” rating in a research note on Monday, June 1st. Mizuho set a $239.00 target price on shares of Welltower in a report on Friday, May 22nd. UBS Group upped their price target on shares of Welltower from $240.00 to $249.00 and gave the company a “buy” rating in a report on Monday, May 4th. Finally, Cantor Fitzgerald increased their price objective on shares of Welltower from $204.00 to $230.00 and gave the stock an “overweight” rating in a research report on Thursday, February 12th. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $231.60.

Welltower Stock Up 3.2%

Shares of WELL opened at $206.46 on Wednesday. The firm has a market capitalization of $145.74 billion, a P/E ratio of 102.21, a P/E/G ratio of 1.03 and a beta of 0.79. Welltower Inc. has a 12-month low of $148.70 and a 12-month high of $221.68. The company has a current ratio of 4.31, a quick ratio of 4.31 and a debt-to-equity ratio of 0.40. The firm has a fifty day moving average price of $209.07 and a 200-day moving average price of $201.03.

Welltower (NYSE:WELL) last posted its quarterly earnings results on Tuesday, April 28th. The real estate investment trust reported $1.02 EPS for the quarter, topping the consensus estimate of $0.68 by $0.34. Welltower had a net margin of 11.96% and a return on equity of 3.45%. The company had revenue of $3.35 billion for the quarter, compared to the consensus estimate of $3.12 billion. During the same quarter last year, the firm posted $1.20 EPS. The firm’s revenue was up 38.3% compared to the same quarter last year. Welltower has set its FY 2026 guidance at 6.210-6.350 EPS. Equities research analysts expect that Welltower Inc. will post 6.32 earnings per share for the current year.

Welltower Announces Dividend

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

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.