Welltower Inc. (NYSE:WELL) Shares Bought by State of Alaska Department of Revenue

State of Alaska Department of Revenue increased its holdings in shares of Welltower Inc. (NYSE:WELL - Free Report) by 2.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 375,363 shares of the real estate investment trust's stock after purchasing an additional 8,956 shares during the period. Welltower makes up 0.7% of State of Alaska Department of Revenue's holdings, making the stock its 23rd biggest position. State of Alaska Department of Revenue owned approximately 0.06% of Welltower worth $57,507,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the business. CWA Asset Management Group LLC purchased a new position in shares of Welltower during the first quarter worth $244,000. Analyst IMS Investment Management Services Ltd. purchased a new position in shares of Welltower during the first quarter worth $278,000. Birch Hill Investment Advisors LLC purchased a new position in shares of Welltower during the first quarter worth $226,000. Robertson Stephens Wealth Management LLC purchased a new position in shares of Welltower during the first quarter worth $219,000. Finally, AA Financial Advisors LLC increased its holdings in Welltower by 48.1% in the first quarter. AA Financial Advisors LLC now owns 3,582 shares of the real estate investment trust's stock valued at $549,000 after buying an additional 1,164 shares in the last quarter. Hedge funds and other institutional investors own 94.80% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on WELL shares. Morgan Stanley lifted their price objective on shares of Welltower from $155.00 to $160.00 and gave the company an "overweight" rating in a report on Tuesday, May 6th. Wall Street Zen cut shares of Welltower from a "hold" rating to a "sell" rating in a report on Thursday, May 8th. Wedbush reaffirmed an "underperform" rating on shares of Welltower in a report on Thursday, April 17th. Mizuho lifted their price objective on shares of Welltower from $141.00 to $170.00 and gave the company an "outperform" rating in a report on Tuesday, March 18th. Finally, 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 report on Thursday, March 6th. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating, nine have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, Welltower has a consensus rating of "Moderate Buy" and an average target price of $163.25.

Welltower Price Performance

WELL traded down $1.48 on Friday, reaching $151.70. 11,336,486 shares of the company's stock were exchanged, compared to its average volume of 2,919,173. The stock has a market cap of $99.20 billion, a PE ratio of 87.18, a P/E/G ratio of 1.76 and a beta of 0.94. Welltower Inc. has a twelve month low of $100.13 and a twelve month high of $158.55. The stock's fifty day moving average price is $149.79 and its 200-day moving average price is $142.89. The company has a debt-to-equity ratio of 0.46, a current ratio of 4.23 and a quick ratio of 4.23.

Welltower (NYSE:WELL - Get Free Report) last posted its quarterly earnings results on Monday, April 28th. The real estate investment trust reported $1.20 earnings per share for the quarter, topping analysts' consensus estimates of $1.15 by $0.05. The firm had revenue of $2.42 billion for 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 period in the previous year, the business posted $1.01 earnings per share. Sell-side analysts expect that Welltower Inc. will post 4.88 EPS for the current year.

Welltower Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 22nd. Investors of record on Wednesday, May 14th were given a dividend of $0.67 per share. The ex-dividend date of this dividend was Wednesday, May 14th. This represents a $2.68 dividend on an annualized basis and a yield of 1.77%. Welltower's payout ratio is presently 154.02%.

Welltower Company 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.