State Street Corp. Amends Welltower Stake to 6.1%

Ticker: WELL · Form: SC 13G/A · Filed: 2024-01-30T00:00:00.000Z

Sentiment: neutral

Topics: institutional-ownership, amended-filing, REIT, portfolio-update

TL;DR

**State Street just updated its Welltower stake to 6.1%, a slight dip that might signal minor institutional rebalancing.**

AI Summary

State Street Corporation, a major financial institution, filed an amended Schedule 13G/A on January 30, 2024, disclosing its ownership in Welltower Inc. (NYSE: WELL), a real estate investment trust. As of December 31, 2023, State Street reported beneficial ownership of 29,880,500 shares, representing 6.1% of Welltower's REIT class of securities. This filing indicates a slight decrease in their reported stake from previous filings, which could signal a minor shift in institutional confidence or portfolio rebalancing, potentially impacting investor sentiment for Welltower stock.

Why It Matters

This filing shows a significant institutional investor's current stake in Welltower, providing insight into major fund holdings and potential shifts in their investment strategy.

Risk Assessment

Risk Level: low — This is a routine update from a large institutional investor and does not indicate any immediate, significant risk to the company or its shareholders.

Analyst Insight

Investors should note State Street's continued, albeit slightly reduced, significant stake in Welltower, which suggests ongoing institutional confidence but also potential for minor portfolio adjustments. Monitor future 13F filings for further changes in institutional ownership.

Key Numbers

29,880,500 — Shares Beneficially Owned (Represents State Street Corporation's total holding in Welltower Inc. as of December 31, 2023.)
6.1% — Percentage of Class (Indicates the proportion of Welltower's REIT class of securities owned by State Street Corporation, showing a significant institutional stake.)

Key Players & Entities

State Street Corporation (company) — the reporting person and institutional investor
Welltower Inc. (company) — the subject company, a REIT
29,880,500 (dollar_amount) — shares beneficially owned by State Street Corporation
6.1% (dollar_amount) — percentage of Welltower's class of securities beneficially owned by State Street Corporation
December 31, 2023 (date) — the date of the event requiring the filing

Forward-Looking Statements

State Street Corporation will maintain a significant, but potentially slightly adjusted, stake in Welltower Inc. over the next quarter. (State Street Corporation) — medium confidence, target: Q2 2024

FAQ

Who filed this SC 13G/A amendment?

State Street Corporation, with IRS Identification No. 04-2456637, filed this SC 13G/A amendment.

What company's shares are the subject of this filing?

The shares of WELLTOWER INC. (CUSIP Number: 95040Q104) are the subject of this filing.

What was the date of the event that triggered this filing?

The date of the event which required the filing of this statement was December 31, 2023.

How many shares of Welltower Inc. does State Street Corporation beneficially own?

State Street Corporation beneficially owns 29,880,500 shares of Welltower Inc.

What percentage of Welltower Inc.'s class of securities does State Street Corporation own?

State Street Corporation owns 6.1% of Welltower Inc.'s REIT class of securities.

From the Filing

0000093751-24-000414.txt : 20240130 0000093751-24-000414.hdr.sgml : 20240130 20240130105815 ACCESSION NUMBER: 0000093751-24-000414 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20240130 DATE AS OF CHANGE: 20240130 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: WELLTOWER INC. CENTRAL INDEX KEY: 0000766704 STANDARD INDUSTRIAL CLASSIFICATION: REAL ESTATE INVESTMENT TRUSTS [6798] ORGANIZATION NAME: 05 Real Estate & Construction IRS NUMBER: 341096634 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-43380 FILM NUMBER: 24576422 BUSINESS ADDRESS: STREET 1: 4500 DORR STREET CITY: TOLEDO STATE: OH ZIP: 43615 BUSINESS PHONE: 419-247-2800 MAIL ADDRESS: STREET 1: 4500 DORR STREET CITY: TOLEDO STATE: OH ZIP: 43615 FORMER COMPANY: FORMER CONFORMED NAME: HEALTH CARE REIT INC /DE/ DATE OF NAME CHANGE: 19920703 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: STATE STREET CORP CENTRAL INDEX KEY: 0000093751 STANDARD INDUSTRIAL CLASSIFICATION: STATE COMMERCIAL BANKS [6022] ORGANIZATION NAME: 02 Finance IRS NUMBER: 042456637 STATE OF INCORPORATION: MA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: 1 CONGRESS STREET STREET 2: SUITE 1 CITY: BOSTON STATE: MA ZIP: 02114 BUSINESS PHONE: 617 786-3000 MAIL ADDRESS: STREET 1: 1 CONGRESS STREET STREET 2: SUITE 1 CITY: BOSTON STATE: MA ZIP: 02114 FORMER COMPANY: FORMER CONFORMED NAME: STATE STREET Corp DATE OF NAME CHANGE: 20090218 FORMER COMPANY: FORMER CONFORMED NAME: STATE STREET CORP DATE OF NAME CHANGE: 19970424 FORMER COMPANY: FORMER CONFORMED NAME: STATE STREET BOSTON FINANCIAL CORP DATE OF NAME CHANGE: 19780525 SC 13G/A 1 Welltower_Inc.txt ssssUNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 SCHEDULE 13G UNDER THE SECURITIES EXCHANGE ACT OF 1934 AMENDED FILING WELLTOWER INC (NAME OF ISSUER) REIT (TITLE OF CLASS OF SECURITIES) 95040Q104 (CUSIP NUMBER) 12/31/2023 (DATE OF EVENT WHICH REQUIRES FILING OF THIS STATEMENT) CHECK THE APPROPRIATE BOX TO DESIGNATE THE RULE PURSUANT TO WHICH THIS SCHEDULE IS FILED: (X) RULE 13D-1 (B) ( ) RULE 13D-1 (C) ( ) RULE 13D-1 (D) *THE REMAINDER OF THIS COVER PAGE SHALL BE FILLED OUT FOR A REPORTING PERSON`S INITIAL FILING ON THIS FORM WITH RESPECT TO THE SUBJECT CLASS OF SECURITIES, AND FOR ANY SUBSEQUENT AMENDMENT CONTAINING INFORMATION WHICH WOULD ALTER THE DISCLOSURES PROVIDED IN A PRIOR COVER PAGE. THE INFORMATION REQUIRED IN THE REMAINDER OF THIS COVER PAGE SHALL NOT BE DEEMED TO BE "FILED" FOR THE PURPOSE OF SECTION 18 OF THE SECURITIES EXCHANGE ACT OF 1934 ("ACT") OR OTHERWISE SUBJECT TO THE LIABILITIES OF THAT SECTION OF THE ACT BUT SHALL BE SUBJECT TO ALL OTHER PROVISIONS OF THE ACT (HOWEVER, SEE THE NOTES). CUSIP NO:95040Q104 13G Page 2 of 5 Pages 1. NAME OF REPORTING PERSON: STATE STREET CORPORATION I.R.S. IDENTIFICATION NO. OF THE ABOVE PERSON: 04-2456637 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP NOT APPLICABLE 3. SEC USE ONLY 4. CITIZENSHIP OR PLACE OF ORGANIZATION BOSTON, MASSACHUSETTS 5. SOLE VOTING POWER 0 SHARES 6. SHARED VOTING POWER 20,878,151 7. SOLE DISPOSITIVE POWER 0 SHARES 8. SHARED DISPOSITIVE POWER 35,630,823 9. AGGREGATED AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 35,722,839 10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES NOT APPLICABLE 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 6.42% 12. TYPE OF REPORTING PERSON HC CUSIP NO: 95040Q104 13G Page 3 of 5 Pages ITEM 1. (A) NAME OF ISSUER WELLTOWER INC (B) ADDRESS OF ISSUER`S PRINCIPAL EXECUTIVE OFFICES 4500 DORR STREET TOLEDO OH 43615 UNITED STATES ITEM 2. (A) NAME OF PERSON FILING STATE STREET CORPORATION (B) ADDRESS OF PRINCIPAL BUSINESS OFFICE OR, IF NONE, RESIDENCE STATE STREET FINANCIAL CENTER 1 CONGRESS STREET, SUITE 1 BOSTON, MA 02114-2016 (FOR ALL REPORTING PERSONS) (C) CITIZENSHIP: SEE ITEM 4 (CITIZENSHIP OR PLACE OF ORGANIZATION) OF COVER PAGES (D) TITLE OF CLASS