Retirement Systems of Alabama Has $72.22 Million Stock Holdings in Welltower Inc. (NYSE:WELL)

Retirement Systems of Alabama grew its position in shares of Welltower Inc. (NYSE:WELL - Free Report) by 1.9% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 471,351 shares of the real estate investment trust's stock after purchasing an additional 8,609 shares during the quarter. Retirement Systems of Alabama owned about 0.07% of Welltower worth $72,216,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in WELL. Brighton Jones LLC raised its holdings in Welltower by 7.1% during the 4th quarter. Brighton Jones LLC now owns 4,185 shares of the real estate investment trust's stock worth $527,000 after purchasing an additional 279 shares during the last quarter. Principal Securities Inc. raised its holdings in Welltower by 7.2% during the 4th quarter. Principal Securities Inc. now owns 4,750 shares of the real estate investment trust's stock worth $599,000 after purchasing an additional 321 shares during the last quarter. Allworth Financial LP raised its holdings in Welltower by 38.7% during the 4th quarter. Allworth Financial LP now owns 5,079 shares of the real estate investment trust's stock worth $666,000 after purchasing an additional 1,416 shares during the last quarter. J.W. Cole Advisors Inc. raised its holdings in Welltower by 16.5% during the 4th quarter. J.W. Cole Advisors Inc. now owns 3,788 shares of the real estate investment trust's stock worth $477,000 after purchasing an additional 537 shares during the last quarter. Finally, Truist Financial Corp raised its holdings in Welltower by 6.9% during the 4th quarter. Truist Financial Corp now owns 35,441 shares of the real estate investment trust's stock worth $4,467,000 after purchasing an additional 2,274 shares during the last quarter. Institutional investors own 94.80% of the company's stock.

Welltower Stock Performance

Shares of WELL stock opened at $153.06 on Friday. The firm has a market capitalization of $100.09 billion, a PE ratio of 87.97, a price-to-earnings-growth ratio of 1.78 and a beta of 0.94. The firm has a fifty day simple moving average of $149.61 and a two-hundred day simple moving average of $142.69. The company has a current ratio of 4.23, a quick ratio of 4.23 and a debt-to-equity ratio of 0.46. Welltower Inc. has a 12 month low of $100.13 and a 12 month high of $158.55.

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

Welltower Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 22nd. Shareholders of record on Wednesday, May 14th were paid a dividend of $0.67 per share. The ex-dividend date was Wednesday, May 14th. This represents a $2.68 dividend on an annualized basis and a yield of 1.75%. Welltower's dividend payout ratio (DPR) is presently 154.02%.

Analysts Set New Price Targets

Several research analysts have issued reports on WELL shares. Wedbush restated an "underperform" rating on shares of Welltower in a report on Thursday, April 17th. Wall Street Zen lowered shares of Welltower from a "hold" rating to a "sell" rating in a research note on Thursday, May 8th. Scotiabank lifted their price objective on shares of Welltower from $165.00 to $166.00 and gave the company a "sector outperform" rating in a research note on Thursday, March 6th. Mizuho lifted their price objective on shares of Welltower from $141.00 to $170.00 and gave the company an "outperform" rating in a research note on Tuesday, March 18th. Finally, Evercore ISI lifted their price objective on shares of Welltower from $145.00 to $157.00 and gave the company an "in-line" rating in a research note on Thursday, May 1st. Two research analysts have rated the stock with a sell rating, one has given a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $163.25.

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.

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