Welltower Inc. $WELL Shares Acquired by California State Teachers Retirement System

California State Teachers Retirement System grew its position in Welltower Inc. (NYSE:WELL - Free Report) by 3.9% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,075,391 shares of the real estate investment trust's stock after purchasing an additional 40,068 shares during the period. California State Teachers Retirement System owned about 0.15% of Welltower worth $244,081,495 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. BlackRock Inc. raised its stake in shares of Welltower by 5.5% during the 2nd quarter. BlackRock Inc. now owns 78,049,214 shares of the real estate investment trust's stock worth $17,714,830,000 after purchasing an additional 4,045,458 shares in the last quarter. Capital International Investors raised its holdings in Welltower by 2.0% during the 4th quarter. Capital International Investors now owns 47,431,769 shares of the real estate investment trust's stock valued at $8,805,411,000 after acquiring an additional 915,514 shares during the period. State Street Corp grew its position in Welltower by 1.2% during the 4th quarter. State Street Corp now owns 41,760,328 shares of the real estate investment trust's stock worth $7,751,134,000 after acquiring an additional 506,374 shares during the last quarter. Norges Bank purchased a new position in Welltower during the 4th quarter valued at about $5,466,264,000. Finally, Bank of America Corp DE bought a new position in shares of Welltower in the 2nd quarter worth approximately $4,425,089,000. Institutional investors own 94.80% of the company's stock.

Insiders Place Their Bets

In other news, Director Andrew Gundlach bought 5,000 shares of the company's stock in a transaction dated Tuesday, August 25th. The stock was bought at an average cost of $239.47 per share, for a total transaction of $1,197,350.00. Following the transaction, the director owned 25,000 shares of the company's stock, valued at $5,986,750. This represents a 25.00% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.37% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of equities research analysts recently commented on WELL shares. Deutsche Bank Aktiengesellschaft increased their target price on shares of Welltower from $215.00 to $265.00 and gave the company a "buy" rating in a research report on Wednesday, July 1st. Royal Bank Of Canada raised their target price on shares of Welltower from $238.00 to $260.00 and gave the company an "outperform" rating in a report on Monday, August 3rd. Mizuho boosted their target price on shares of Welltower from $239.00 to $260.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 22nd. UBS Group boosted their target price on shares of Welltower from $249.00 to $271.00 and gave the company a "buy" rating in a research note on Wednesday, July 8th. Finally, Weiss Ratings cut shares of Welltower from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Wednesday, June 24th. Fourteen research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, Welltower currently has a consensus rating of "Moderate Buy" and a consensus target price of $252.56.

Welltower Price Performance

Shares of WELL traded down $1.53 during mid-day trading on Tuesday, hitting $232.68. 636,216 shares of the company were exchanged, compared to its average volume of 3,160,045. The company has a 50 day moving average of $237.89 and a 200-day moving average of $219.93. The company has a debt-to-equity ratio of 0.37, a quick ratio of 3.16 and a current ratio of 3.16. The stock has a market cap of $167.70 billion, a price-to-earnings ratio of 106.70, a price-to-earnings-growth ratio of 1.13 and a beta of 0.76. Welltower Inc. has a 1-year low of $163.75 and a 1-year high of $255.20.

Welltower (NYSE:WELL - Get Free Report) last released its quarterly earnings results on Monday, July 27th. The real estate investment trust reported $0.61 EPS for the quarter, missing the consensus estimate of $0.66 by ($0.05). The business had revenue of $3.54 billion during the quarter, compared to analysts' expectations of $3.40 billion. Welltower had a net margin of 12.15% and a return on equity of 3.56%. The firm's revenue for the quarter was up 39.1% compared to the same quarter last year. During the same quarter last year, the company earned $1.28 EPS. Welltower has set its FY 2026 guidance at 6.360-6.440 EPS. Analysts expect that Welltower Inc. will post 6.43 EPS for the current fiscal year.

Welltower Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, August 20th. Shareholders of record on Wednesday, August 12th were paid a $0.85 dividend. The ex-dividend date of this dividend was Wednesday, August 12th. This is an increase from Welltower's previous quarterly dividend of $0.74. This represents a $3.40 dividend on an annualized basis and a yield of 1.5%. Welltower's payout ratio is presently 155.96%.

About Welltower

Welltower Inc is a real estate investment trust (REIT) that owns, operates and finances healthcare-related real estate. The company focuses on properties that support healthcare delivery and services, including senior housing communities, outpatient medical facilities and post-acute care properties.

Welltower partners with healthcare providers, senior housing operators and other service providers to develop and manage facilities designed to serve aging populations and patients requiring ongoing or specialized care.

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