State of Alaska Department of Revenue Has $57.51 Million Stock Holdings in Welltower Inc. (NYSE:WELL)

State of Alaska Department of Revenue raised its position in Welltower Inc. (NYSE:WELL - Free Report) by 2.4% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 375,363 shares of the real estate investment trust's stock after purchasing an additional 8,956 shares during the quarter. Welltower comprises approximately 0.7% of State of Alaska Department of Revenue's investment portfolio, making the stock its 23rd biggest holding. State of Alaska Department of Revenue owned 0.06% of Welltower worth $57,507,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the business. Sierra Ocean LLC acquired a new position in Welltower during the 4th quarter valued at about $28,000. Harbor Capital Advisors Inc. acquired a new stake in shares of Welltower in the 1st quarter worth approximately $28,000. Franchise Capital Ltd bought a new position in shares of Welltower in the first quarter valued at approximately $32,000. Capital Advisors Ltd. LLC boosted its holdings in shares of Welltower by 57.2% in the first quarter. Capital Advisors Ltd. LLC now owns 294 shares of the real estate investment trust's stock valued at $45,000 after acquiring an additional 107 shares in the last quarter. Finally, First Command Advisory Services Inc. acquired a new position in shares of Welltower during the fourth quarter valued at approximately $50,000. Institutional investors own 94.80% of the company's stock.

Welltower Trading Up 0.8%

Shares of Welltower stock traded up $1.19 during trading on Wednesday, hitting $153.06. The stock had a trading volume of 4,256,969 shares, compared to its average volume of 2,941,688. Welltower Inc. has a 1 year low of $100.13 and a 1 year high of $158.55. The stock has a 50 day simple moving average of $149.15 and a 200 day simple moving average of $142.49. The company has a quick ratio of 4.23, a current ratio of 4.23 and a debt-to-equity ratio of 0.46. The company has a market capitalization of $100.09 billion, a PE ratio of 87.97, a P/E/G ratio of 1.75 and a beta of 0.94.

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

Welltower Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 22nd. Stockholders 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 dividend on an annualized basis and a dividend yield of 1.75%. Welltower's dividend payout ratio is 154.02%.

Wall Street Analysts Forecast Growth

WELL has been the topic of several recent analyst reports. Bank of America boosted their target price on Welltower from $221.00 to $242.00 and gave the stock a "buy" rating in a report on Tuesday, February 18th. Wedbush restated an "underperform" rating on shares of Welltower in a report on Thursday, April 17th. Evercore ISI lifted their target price on Welltower from $145.00 to $157.00 and gave the stock an "in-line" rating in a report on Thursday, May 1st. Royal Bank Of Canada upgraded shares of Welltower from a "sector perform" rating to an "outperform" rating and boosted their price target for the stock from $146.00 to $168.00 in a research report on Friday, February 28th. Finally, Morgan Stanley upped their price target on shares of Welltower from $155.00 to $160.00 and gave the company an "overweight" rating in a report on Tuesday, May 6th. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target 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.