Vanguard Group Inc. significantly increased its stake in Welltower Inc. (NYSE:WELL) by purchasing nearly 4 million additional shares, bringing its total ownership to 13.08% valued at approximately $15.99 billion. This move comes as analysts have a generally positive outlook on Welltower, assigning a “Moderate Buy” consensus rating and an average price target of $210.21. Welltower also reported strong financial results, beating quarterly EPS estimates, experiencing a 41.3% year-over-year revenue increase, and announcing a quarterly dividend of $0.74.
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Vanguard Group Inc. Purchases 3,991,896 Shares of Welltower Inc. $WELL
Vanguard Group Inc. significantly increased its stake in Welltower Inc. (NYSE:WELL) by purchasing nearly 4 million additional shares, bringing its total ownership to 13.08% valued at approximately $15.99 billion. This move comes as analysts have a generally positive outlook on Welltower, assigning a “Moderate Buy” consensus rating and an average price target of $210.21. Welltower also reported strong financial results, beating quarterly EPS estimates, experiencing a 41.3% year-over-year revenue increase, and announcing a quarterly dividend of $0.74.