State of Alaska Department of Revenue Grows Stock Holdings in Welltower Inc. $WELL

Key Points

• The State of Alaska Department of Revenue increased its holdings in Welltower Inc. by 4.0% in the 2nd quarter, now owning 390,532 shares valued at approximately $60 million.
• Welltower recently reported $1.28 EPS for the last quarter, surpassing analyst expectations and marking a 39.6% year-over-year increase in revenue.
• In addition to its performance, Welltower has increased its dividend from $0.67 to $0.74 per share, reflecting a commitment to returning value to shareholders.

State of Alaska Department of Revenue grew its holdings in Welltower Inc. (NYSE:WELL - Free Report) by 4.0% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 390,532 shares of the real estate investment trust's stock after acquiring an additional 15,169 shares during the period. Welltower comprises about 0.6% of State of Alaska Department of Revenue's investment portfolio, making the stock its 19th biggest position. State of Alaska Department of Revenue owned about 0.06% of Welltower worth $60,034,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in WELL. Brighton Jones LLC lifted its holdings in Welltower by 7.1% in 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 in the last quarter. Wealth Enhancement Advisory Services LLC lifted its holdings in Welltower by 0.8% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 121,080 shares of the real estate investment trust's stock worth $15,260,000 after purchasing an additional 946 shares in the last quarter. MassMutual Private Wealth & Trust FSB lifted its holdings in shares of Welltower by 14.1% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 2,406 shares of the real estate investment trust's stock worth $369,000 after buying an additional 297 shares in the last quarter. Versant Capital Management Inc lifted its holdings in shares of Welltower by 27.0% in the first quarter. Versant Capital Management Inc now owns 381 shares of the real estate investment trust's stock worth $58,000 after buying an additional 81 shares in the last quarter. Finally, Agate Pass Investment Management LLC lifted its holdings in shares of Welltower by 40.1% in the first quarter. Agate Pass Investment Management LLC now owns 9,685 shares of the real estate investment trust's stock worth $1,484,000 after buying an additional 2,770 shares in the last quarter. 94.80% of the stock is currently owned by hedge funds and other institutional investors.

Welltower Trading Up 1.9%

Shares of WELL stock opened at $174.90 on Friday. Welltower Inc. has a 1 year low of $122.34 and a 1 year high of $175.10. The company has a debt-to-equity ratio of 0.44, a current ratio of 4.19 and a quick ratio of 4.19. The stock's 50 day simple moving average is $166.49 and its two-hundred day simple moving average is $155.66. The company has a market cap of $116.98 billion, a PE ratio of 98.81, a price-to-earnings-growth ratio of 1.93 and a beta of 0.93.

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

Welltower Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, August 21st. Stockholders of record on Tuesday, August 12th were paid a $0.74 dividend. This is an increase from Welltower's previous quarterly dividend of $0.67. This represents a $2.96 annualized dividend and a dividend yield of 1.7%. The ex-dividend date of this dividend was Tuesday, August 12th. Welltower's payout ratio is currently 167.23%.

Insider Buying and Selling at Welltower

In other news, Director Andrew Gundlach bought 20,000 shares of Welltower stock in a transaction dated Monday, June 30th. The shares were acquired at an average price of $151.46 per share, with a total value of $3,029,200.00. Following the completion of the purchase, the director owned 20,000 shares in the company, valued at $3,029,200. The trade was a ∞ increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 0.21% of the company's stock.

Analyst Upgrades and Downgrades

WELL has been the topic of several research analyst reports. Evercore ISI boosted their price target on shares of Welltower from $175.00 to $183.00 and gave the stock an "in-line" rating in a research note on Monday, September 15th. Raymond James Financial reiterated a "strong-buy" rating on shares of Welltower in a research report on Tuesday, September 2nd. KeyCorp boosted their target price on Welltower from $150.00 to $200.00 and gave the stock an "overweight" rating in a research report on Tuesday. UBS Group started coverage on Welltower in a report on Friday, September 19th. They set a "buy" rating and a $195.00 price objective on the stock. Finally, Wells Fargo & Company upped their price objective on Welltower from $175.00 to $185.00 and gave the stock an "overweight" rating in a report on Wednesday, August 27th. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Welltower currently has an average rating of "Moderate Buy" and an average target price of $179.42.

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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