Maryland State Retirement & Pension System Increases Stake in Welltower Inc. $WELL

Maryland State Retirement & Pension System lifted its stake in shares of Welltower Inc. (NYSE:WELL - Free Report) by 10.5% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 31,845 shares of the real estate investment trust's stock after buying an additional 3,029 shares during the quarter. Maryland State Retirement & Pension System's holdings in Welltower were worth $4,896,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently modified their holdings of WELL. SouthState Corp increased its position in shares of Welltower by 704.8% during the first quarter. SouthState Corp now owns 169 shares of the real estate investment trust's stock valued at $26,000 after buying an additional 148 shares during the period. Wealth Preservation Advisors LLC bought a new stake in Welltower during the first quarter worth about $27,000. Harbor Capital Advisors Inc. bought a new stake in Welltower during the first quarter worth about $28,000. Smallwood Wealth Investment Management LLC bought a new stake in Welltower during the first quarter worth about $28,000. Finally, Hughes Financial Services LLC bought a new stake in Welltower during the first quarter worth about $31,000. Hedge funds and other institutional investors own 94.80% of the company's stock.

Wall Street Analysts Forecast Growth

WELL has been the topic of several research reports. UBS Group initiated coverage on shares of Welltower in a research note on Friday, September 19th. They set a "buy" rating and a $195.00 price objective on the stock. Scotiabank boosted their price objective on shares of Welltower from $181.00 to $182.00 and gave the stock an "outperform" rating in a research note on Monday. Cantor Fitzgerald initiated coverage on shares of Welltower in a research note on Wednesday, October 1st. They set an "overweight" rating and a $195.00 price objective on the stock. Weiss Ratings reissued a "buy (b)" rating on shares of Welltower in a research note on Wednesday. Finally, Wells Fargo & Company upped their target price on shares of Welltower from $175.00 to $185.00 and gave the stock an "overweight" rating in a research note on Wednesday, August 27th. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $180.69.

Welltower Trading Down 1.2%

Shares of NYSE WELL opened at $167.10 on Friday. The firm's 50 day moving average price is $168.60 and its 200-day moving average price is $157.26. The company has a market cap of $111.76 billion, a PE ratio of 94.41, a P/E/G ratio of 1.91 and a beta of 0.92. Welltower Inc. has a 52-week low of $122.34 and a 52-week high of $180.40. The company has a debt-to-equity ratio of 0.44, a quick ratio of 4.19 and a current ratio of 4.19.

Welltower (NYSE:WELL - Get Free Report) last issued its earnings results on Monday, July 28th. The real estate investment trust reported $1.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.22 by $0.06. The firm had revenue of $2.55 billion for the quarter, compared to the consensus estimate of $2.49 billion. Welltower had a net margin of 12.18% and a return on equity of 3.38%. The business's revenue was up 39.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.05 earnings per share. Welltower has set its FY 2025 guidance at 5.060-5.14 EPS. On average, equities research analysts expect that Welltower Inc. will post 4.88 EPS for the current fiscal year.

Welltower Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 21st. Investors of record on Tuesday, August 12th were given a dividend of $0.74 per share. This represents a $2.96 dividend on an annualized basis and a yield of 1.8%. This is a positive change from Welltower's previous quarterly dividend of $0.67. The ex-dividend date was Tuesday, August 12th. Welltower's payout ratio is currently 167.23%.

About Welltower

Welltower Inc NYSE: WELL, a real estate investment trust ("REIT") and S&P 500 company headquartered in Toledo, Ohio, is driving the transformation of health care infrastructure. Welltower invests with leading seniors housing operators, post-acute providers and health systems to fund the real estate infrastructure needed to scale innovative care delivery models and improve people's wellness and overall health care experience.

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