DNB Asset Management AS Sells 5,766 Shares of Welltower Inc. $WELL

DNB Asset Management AS cut its holdings in Welltower Inc. (NYSE:WELL) by 4.1% during the 4th quarter, Holdings Channel reports. The fund owned 135,115 shares of the real estate investment trust’s stock after selling 5,766 shares during the period. DNB Asset Management AS’s holdings in Welltower were worth $25,079,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in WELL. Hager Investment Management Services LLC raised its position in 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 acquiring an additional 65 shares during the period. Marquette Asset Management LLC raised its position in Welltower by 62.8% in the fourth quarter. Marquette Asset Management LLC now owns 153 shares of the real estate investment trust’s stock worth $28,000 after acquiring an additional 59 shares during the period. Quarry LP bought a new position in Welltower in the third quarter worth approximately $33,000. Financial Consulate Inc. bought a new position in Welltower in the fourth quarter worth approximately $34,000. Finally, MMA Asset Management LLC bought a new position in Welltower in the third quarter worth approximately $35,000. 94.80% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have weighed in on the stock. Weiss Ratings upgraded shares of Welltower from a “hold (c)” rating to a “buy (b-)” rating in a research report on Friday, May 1st. Cantor Fitzgerald increased their price target 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. Jefferies Financial Group increased their price target on shares of Welltower from $237.00 to $248.00 and gave the stock a “buy” rating in a research report on Tuesday. Royal Bank Of Canada increased their price objective on shares of Welltower from $230.00 to $238.00 and gave the stock an “outperform” rating in a research note on Monday, May 4th. Finally, BMO Capital Markets reissued an “outperform” rating and issued a $245.00 price objective on shares of Welltower in a research note on Monday, May 4th. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $229.67.

Welltower Stock Performance

WELL opened at $213.65 on Friday. The stock has a market capitalization of $150.82 billion, a price-to-earnings ratio of 105.77, a PEG ratio of 1.11 and a beta of 0.83. The company has a fifty day moving average of $207.16 and a 200 day moving average of $198.47. Welltower Inc. has a fifty-two week low of $146.50 and a fifty-two week high of $221.68. The company has a debt-to-equity ratio of 0.40, a quick ratio of 4.31 and a current ratio of 4.31.

Welltower (NYSE:WELL) last posted its earnings results on Tuesday, April 28th. The real estate investment trust reported $1.02 earnings per share for the quarter, beating the consensus estimate of $0.68 by $0.34. The company had revenue of $3.35 billion during the quarter, compared to analysts’ expectations of $3.12 billion. Welltower had a net margin of 11.96% and a return on equity of 3.45%. Welltower’s quarterly revenue was up 38.3% on a year-over-year basis. During the same period last year, the company posted $1.20 earnings per share. Welltower has set its FY 2026 guidance at 6.210-6.350 EPS. As a group, sell-side analysts forecast that Welltower Inc. will post 6.28 earnings per share for the current fiscal year.

Welltower Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 21st. Shareholders of record on Wednesday, May 13th will be paid a $0.74 dividend. This represents a $2.96 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date of this dividend is Wednesday, May 13th. Welltower’s dividend payout ratio (DPR) is presently 146.53%.

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.