The Manufacturers Life Insurance Company Makes New Investment in Welltower Inc. $WELL

The Manufacturers Life Insurance Company bought a new stake in shares of Welltower Inc. (NYSE:WELL) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 403,898 shares of the real estate investment trust’s stock, valued at approximately $91,673,000. The Manufacturers Life Insurance Company owned about 0.06% of Welltower at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the company. Leonteq Securities AG lifted its holdings in Welltower by 92.3% in the 1st quarter. Leonteq Securities AG now owns 125 shares of the real estate investment trust’s stock valued at $25,000 after purchasing an additional 60 shares in the last quarter. Sound Income Strategies LLC grew its holdings in shares of Welltower by 124.6% during the first quarter. Sound Income Strategies LLC now owns 137 shares of the real estate investment trust’s stock worth $27,000 after buying an additional 76 shares in the last quarter. Kilter Group LLC purchased a new stake in shares of Welltower during the second quarter worth $29,000. Swiss RE Ltd. acquired a new stake in shares of Welltower in the fourth quarter valued at about $29,000. Finally, Quarry LP purchased a new position in shares of Welltower in the third quarter worth about $33,000. 94.80% of the stock is owned by institutional investors and hedge funds.

Welltower Stock Up 0.5%

NYSE WELL opened at $241.33 on Wednesday. The business’s fifty day simple moving average is $233.57 and its 200-day simple moving average is $216.79. The company has a quick ratio of 3.16, a current ratio of 3.16 and a debt-to-equity ratio of 0.37. The firm has a market cap of $173.94 billion, a PE ratio of 110.70, a P/E/G ratio of 1.15 and a beta of 0.76. Welltower Inc. has a 52 week low of $163.75 and a 52 week high of $255.20.

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

Welltower Increases Dividend

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

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Welltower from $215.00 to $265.00 and gave the stock a “buy” rating in a research report on Wednesday, July 1st. Wall Street Zen upgraded shares of Welltower from a “sell” rating to a “hold” rating in a report on Saturday, May 2nd. Wells Fargo & Company raised their target price on shares of Welltower from $228.00 to $237.00 and gave the stock an “overweight” rating in a research note on Monday, June 1st. Raymond James Financial began coverage on Welltower in a report on Tuesday, June 16th. They set an “outperform” rating and a $226.00 target price on the stock. Finally, BMO Capital Markets restated an “outperform” rating and issued a $245.00 price target on shares of Welltower in a research report on Monday, May 4th. Fourteen equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Welltower presently has an average rating of “Moderate Buy” and a consensus target price of $246.11.

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.