The Vanguard Group, Inc. has recently announced that it has increased stake in Welltower Inc. (NYSE:WELL) by 2.71%. After grabbing 78.23 million shares, the institutional investor is now in possession of 2.07 million shares of the Real Estate Company. The new investment brought the stake of investor firm to 15.08% having worth around $6.54 billion. Moreover, Cohen & Steers Capital Management increased its share by 2.76 million to have a control over 40.77 million shares. And BlackRock Fund Advisors raised its holdings to 0.26 million shares by acquiring 34.68 million shares or 6.69% of the stake.
Welltower Inc. (WELL) concluded trading on 12/06/23 at a closing price of $87.42, with 3.68 million shares of worth about $322.01 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 8.70% during that period and on Wednesday the price saw a loss of about -2.74%. Currently the company’s common shares owned by public are about 553.47M shares, out of which, 553.17M shares are available for trading.
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A deeper look into what the analysts at Wall Street are thinking about the price target of this stock provides us with the following: 19 analysts are covering the WELL stock and their offered price forecasts bring an average price target of $92.71. Over the next 12 months, analysts forecasted that the stock’s price could jump as high as $111.00 and could fall to a lowest price of $78.00. The stock’s current price level is 5.71% above of average price target set by the analysts, while a rise to estimated low would result in loss of -12.08% for the stock. However, touching the estimated high of $111.00 would mean a gain of 21.24% for the stock.
According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 32 times over the past 12 months. They bought 19,294 shares in 17 of the transactions. In 15 selling transactions, insiders dumped 66,528 shares.
Vanguard Real Estate Index Fund, Government Pension Fund – Global, and Vanguard Total Stock Market ETF are the top 3 mutual funds which are holding stakes in Welltower Inc. Vanguard Real Estate Index Fund is currently holding 19.73 million shares of worth totaling $1.65 billion. The company recently came selling -0.15 million shares which brought its stake up to 3.80% of the company’s outstanding shares. Government Pension Fund – Global bought 1.28 million shares, after which its hold over company’s outstanding shares expand to 3.23%, leaving 16.74 million shares with the mutual fund that have a worth of about $1.4 billion. Vanguard Total Stock Market ETF, after buying 16.24 million shares, have now control over 3.13% of the stake in the company. It holds 88484.0 shares of worth $1.36 billion.
Welltower Inc. (NYSE: WELL) started trading at $90.00, above $0.12 from concluding price of the previous day. However, the stock later moved at a day high price of 90.33, or with a loss of -2.74%. Stock saw a price change of -0.88% in past 5 days and over the past one month there was a price change of -0.82%. Year-to-date (YTD), WELL shares are showing a performance of 33.36% which increased to 24.55% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $62.62 but also hit the highest price of $90.63 during that period. The average intraday trading volume for Welltower Inc. shares is 3.11 million. The stock is currently trading -0.49% below its 20-day simple moving average (SMA20), while that difference is up 2.48% for SMA50 and it goes to 9.43% higher than SMA200.
The Vanguard Group, Inc. acquired 78.23 million shares of Welltower Inc. having value of about $6.54 billion. Data submitted at the U.S SEC by The Vanguard Group, Inc. revealed that the firm now holds 2.07 million shares in the company valued at close to $180747493.92, or have control over 2.71% stake in the company. Welltower Inc. (NYSE: WELL) currently have 553.47M outstanding shares and institutions hold larger chunk of about 93.17% of that. Holding of mutual funds in the company is about 36.58% while other institutional holders and individual stake holders have control over 63.66% and 0.27% of the stake respectively.
The stock has a current market capitalization of $48.38B and its 3Y-monthly beta is at 1.09. PE ratio of stock for trailing 12 months is 237.17, while it has posted earnings per share of $0.37 in the same period. It has a debt-to-equity ratio of 0.71. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for WELL, volatility over the week remained 2.11% while standing at 1.80% over the month.
Analysts are in expectations that Welltower Inc. (WELL) stock would likely to be making an EPS of $0.26 in the current quarter, while forecast for next quarter EPS is $0.27 and it is $1.2 for next year. For the current quarter EPS, analysts have given the company a lowest target $0.21 which is $0.4 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of -$0.01 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 150.04% while it is estimated to increase by 59.58% in next year.
Analysts at 19 brokerage firms have issued recommendations for the Welltower Inc. (WELL)’s stock and average of those rates the stock at a “Strong Buy” and assign it a score of 1.84. Out of those 19 Wall Street analysts, 10 recommended a “Buy” rating, while 7 were in favor recommending the stock as a “Hold” and 0 analyst recommended the stock as “Sell”.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by RBC Capital Mkts on November 28, 2023 offering a Sector perform rating for the stock and assigned a target price range of between $92 and $97 to it.
