Teachers Retirement System of The State of Kentucky Acquires 2,887 Shares of Welltower Inc. (NYSE:WELL)

Teachers Retirement System of The State of Kentucky boosted its position in Welltower Inc. (NYSE:WELL - Free Report) by 2.4% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 123,863 shares of the real estate investment trust's stock after buying an additional 2,887 shares during the quarter. Teachers Retirement System of The State of Kentucky's holdings in Welltower were worth $18,977,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of WELL. J.W. Cole Advisors Inc. boosted its position in shares of Welltower by 198.6% during the 1st quarter. J.W. Cole Advisors Inc. now owns 11,310 shares of the real estate investment trust's stock valued at $1,733,000 after acquiring an additional 7,522 shares in the last quarter. Atlantic Union Bankshares Corp lifted its holdings in Welltower by 2.0% during the 1st quarter. Atlantic Union Bankshares Corp now owns 8,159 shares of the real estate investment trust's stock valued at $1,250,000 after purchasing an additional 159 shares during the last quarter. Twin Capital Management Inc. bought a new position in Welltower during the 1st quarter valued at about $1,653,000. IFP Advisors Inc lifted its holdings in Welltower by 71.3% during the 1st quarter. IFP Advisors Inc now owns 2,444 shares of the real estate investment trust's stock valued at $374,000 after purchasing an additional 1,017 shares during the last quarter. Finally, Morse Asset Management Inc lifted its holdings in Welltower by 10,950.0% during the 1st quarter. Morse Asset Management Inc now owns 5,525 shares of the real estate investment trust's stock valued at $846,000 after purchasing an additional 5,475 shares during the last quarter. 94.80% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

WELL has been the subject of several analyst reports. Morgan Stanley lifted 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. Wedbush reaffirmed an "underperform" rating on shares of Welltower in a research note on Thursday, April 17th. Evercore ISI boosted their target price on shares of Welltower from $145.00 to $157.00 and gave the stock an "in-line" rating in a research note on Thursday, May 1st. Wells Fargo & Company boosted their target price on shares of Welltower from $158.00 to $175.00 and gave the stock an "overweight" rating in a research note on Monday, June 2nd. Finally, Scotiabank reaffirmed an "outperform" rating on shares of Welltower in a research note on Monday, June 23rd. Two analysts have rated the stock with a sell rating, one has issued a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, Welltower presently has an average rating of "Moderate Buy" and an average target price of $168.18.

Welltower Stock Up 0.1%

Shares of WELL stock traded up $0.16 during trading on Thursday, reaching $161.79. The company's stock had a trading volume of 805,402 shares, compared to its average volume of 2,984,234. The business has a fifty day moving average price of $153.05 and a 200-day moving average price of $147.21. 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 cap of $105.80 billion, a price-to-earnings ratio of 92.95, a price-to-earnings-growth ratio of 1.87 and a beta of 0.92. Welltower Inc. has a one year low of $108.24 and a one year high of $161.79.

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 (EPS) 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 analyst estimates of $2.40 billion. During the same period in the prior year, the firm posted $1.01 earnings per share. The company's quarterly revenue was up 30.3% compared to the same quarter last year. Analysts anticipate that Welltower Inc. will post 4.88 earnings per share for the current year.

Welltower Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, May 22nd. Shareholders of record on Wednesday, May 14th were given a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a yield of 1.66%. The ex-dividend date of this dividend was Wednesday, May 14th. Welltower's dividend payout ratio (DPR) is currently 154.02%.

Insider Transactions at Welltower

In related news, Director Andrew Gundlach acquired 20,000 shares of the company's stock in a transaction dated Monday, June 30th. The shares were bought at an average cost of $151.46 per share, with a total value of $3,029,200.00. Following the completion of the transaction, the director directly owned 20,000 shares of the company's stock, valued at $3,029,200. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 0.21% of the company's stock.

About Welltower

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.