New York State Teachers Retirement System Has $70.60 Million Stock Holdings in Welltower Inc. (NYSE:WELL)

New York State Teachers Retirement System lifted its stake in shares of Welltower Inc. (NYSE:WELL - Free Report) by 0.8% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 460,774 shares of the real estate investment trust's stock after acquiring an additional 3,858 shares during the quarter. New York State Teachers Retirement System owned approximately 0.07% of Welltower worth $70,595,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in WELL. Vanguard Group Inc. raised its holdings in Welltower by 2.7% during the 4th quarter. Vanguard Group Inc. now owns 98,295,258 shares of the real estate investment trust's stock worth $12,388,151,000 after purchasing an additional 2,612,044 shares during the last quarter. Capital International Investors increased its position in shares of Welltower by 0.9% during the fourth quarter. Capital International Investors now owns 37,096,408 shares of the real estate investment trust's stock worth $4,674,826,000 after buying an additional 318,496 shares during the period. Norges Bank bought a new position in Welltower during the fourth quarter worth $3,943,892,000. Bank of America Corp DE lifted its holdings in Welltower by 9.7% in the fourth quarter. Bank of America Corp DE now owns 18,706,788 shares of the real estate investment trust's stock valued at $2,357,617,000 after buying an additional 1,652,611 shares during the period. Finally, FMR LLC boosted its position in Welltower by 9.4% during the fourth quarter. FMR LLC now owns 15,782,795 shares of the real estate investment trust's stock valued at $1,989,106,000 after acquiring an additional 1,354,231 shares during the last quarter. 94.80% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have recently weighed in on WELL shares. Morgan Stanley lifted their price objective on Welltower from $155.00 to $160.00 and gave the stock an "overweight" rating in a research report on Tuesday, May 6th. Wedbush reissued an "underperform" rating on shares of Welltower in a research note on Thursday, April 17th. Wall Street Zen lowered Welltower from a "hold" rating to a "sell" rating in a research note on Thursday, May 8th. Mizuho boosted their price target on Welltower from $141.00 to $170.00 and gave the company an "outperform" rating in a research note on Tuesday, March 18th. Finally, Scotiabank reissued an "outperform" rating on shares of Welltower in a research note on Monday, June 23rd. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $163.75.

Welltower Trading Down 0.8%

NYSE WELL opened at $152.20 on Monday. The company has a market cap of $99.53 billion, a price-to-earnings ratio of 87.47, a P/E/G ratio of 1.77 and a beta of 0.94. Welltower Inc. has a 52 week low of $102.92 and a 52 week high of $190.00. The business has a 50 day moving average price of $150.50 and a 200-day moving average price of $143.80. The company has a quick ratio of 4.23, a current ratio of 4.23 and a debt-to-equity ratio of 0.46.

Welltower (NYSE:WELL - Get Free Report) last released its quarterly earnings data on Monday, April 28th. The real estate investment trust reported $1.20 EPS for the quarter, beating the consensus estimate of $1.15 by $0.05. The firm had revenue of $2.42 billion during the quarter, compared to the consensus estimate of $2.40 billion. Welltower had a return on equity of 3.41% and a net margin of 12.65%. The company's quarterly revenue was up 30.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.01 earnings per share. As a group, equities analysts expect that Welltower Inc. will post 4.88 earnings per share for the current fiscal year.

Welltower Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, May 22nd. Investors of record on Wednesday, May 14th were issued a dividend of $0.67 per share. The ex-dividend date was Wednesday, May 14th. This represents a $2.68 annualized dividend and a yield of 1.76%. Welltower's dividend payout ratio (DPR) is currently 154.02%.

Welltower Profile

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.