Bank of New York Mellon Corp Has $747.72 Million Stock Holdings in Welltower Inc. $WELL

Bank of New York Mellon Corp lifted its stake in Welltower Inc. (NYSE:WELL) by 0.4% during the fourth quarter, HoldingsChannel reports. The fund owned 4,028,436 shares of the real estate investment trust’s stock after purchasing an additional 15,503 shares during the quarter. Bank of New York Mellon Corp’s holdings in Welltower were worth $747,718,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of WELL. Hager Investment Management Services LLC increased its stake in shares of 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 last quarter. Marquette Asset Management LLC increased its stake in shares of 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 last quarter. Quarry LP acquired a new position in shares of Welltower in the third quarter worth $33,000. Financial Consulate Inc. acquired a new position in shares of Welltower in the fourth quarter worth $34,000. Finally, MMA Asset Management LLC acquired a new position in shares of Welltower in the third quarter worth $35,000. 94.80% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

WELL has been the topic of a number of recent research reports. Cantor Fitzgerald raised their price target on shares of Welltower from $204.00 to $230.00 and gave the company an “overweight” rating in a report on Thursday, February 12th. Citigroup raised their price target on shares of Welltower from $245.00 to $255.00 and gave the company a “buy” rating in a report on Tuesday, May 5th. Mizuho set a $239.00 price target on shares of Welltower in a report on Friday, May 22nd. Royal Bank Of Canada raised their price target on shares of Welltower from $230.00 to $238.00 and gave the company an “outperform” rating in a report on Monday, May 4th. Finally, Weiss Ratings upgraded shares of Welltower from a “hold (c+)” rating to a “buy (b-)” rating in a report on Tuesday. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $231.60.

Welltower Stock Up 2.4%

Welltower stock opened at $199.95 on Thursday. The company has a market capitalization of $141.15 billion, a P/E ratio of 98.99, a P/E/G ratio of 1.01 and a beta of 0.79. Welltower Inc. has a 1-year low of $148.60 and a 1-year 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’s fifty day simple moving average is $208.47 and its 200-day simple moving average is $200.84.

Welltower (NYSE:WELL) last announced its 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. The firm had revenue of $3.35 billion for the quarter, compared to the consensus estimate of $3.12 billion. Welltower had a net margin of 11.96% and a return on equity of 3.45%. The business’s quarterly revenue was up 38.3% on a year-over-year basis. During the same quarter last year, the firm posted $1.20 EPS. Welltower has set its FY 2026 guidance at 6.210-6.350 EPS. Sell-side analysts forecast that Welltower Inc. will post 6.32 earnings per share for the current fiscal year.

Welltower Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, May 21st. Investors of record on Wednesday, May 13th were issued a $0.74 dividend. This represents a $2.96 annualized dividend and a yield of 1.5%. The ex-dividend date was Wednesday, May 13th. Welltower’s dividend payout ratio (DPR) is 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.