Welltower Inc. (NYSE:WELL) Holdings Reduced by Teacher Retirement System of Texas

Teacher Retirement System of Texas lessened its position in Welltower Inc. (NYSE:WELL - Free Report) by 41.8% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 313,745 shares of the real estate investment trust's stock after selling 225,018 shares during the period. Teacher Retirement System of Texas' holdings in Welltower were worth $48,069,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the business. Harbor Capital Advisors Inc. purchased a new position in Welltower in the 1st quarter worth about $28,000. Smallwood Wealth Investment Management LLC purchased a new stake in shares of Welltower in the first quarter valued at $28,000. Franchise Capital Ltd acquired a new stake in shares of Welltower in the first quarter worth $32,000. ZynergyRetirementPlanningLLC purchased a new position in shares of Welltower during the first quarter valued at $33,000. Finally, Capital Advisors Ltd. LLC raised its position in Welltower by 57.2% during the first quarter. Capital Advisors Ltd. LLC now owns 294 shares of the real estate investment trust's stock valued at $45,000 after buying an additional 107 shares during the period. 94.80% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

WELL has been the topic of a number of research reports. Morgan Stanley upped their target price on Welltower from $155.00 to $160.00 and gave the company an "overweight" rating in a report on Tuesday, May 6th. Scotiabank reaffirmed an "outperform" rating on shares of Welltower in a research report on Monday, June 23rd. Evercore ISI lifted their target price 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. Wedbush restated an "underperform" rating on shares of Welltower in a report on Thursday, April 17th. Finally, Mizuho lifted their price objective on Welltower from $141.00 to $170.00 and gave the company an "outperform" rating in a research report on Tuesday, March 18th. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, Welltower presently has an average rating of "Moderate Buy" and a consensus target price of $168.18.

Welltower Trading Down 0.6%

Shares of WELL stock opened at $150.71 on Thursday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 4.23 and a current ratio of 4.23. The firm has a fifty day moving average of $150.85 and a 200-day moving average of $144.07. The stock has a market cap of $98.56 billion, a price-to-earnings ratio of 86.61, a P/E/G ratio of 1.76 and a beta of 0.92. Welltower Inc. has a 52-week low of $102.92 and a 52-week 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 earnings per share for the quarter, beating analysts' consensus estimates of $1.15 by $0.05. Welltower had a return on equity of 3.41% and a net margin of 12.65%. 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 prior year, the business posted $1.01 earnings per share. The business's revenue was up 30.3% compared to the same quarter last year. On average, equities research analysts forecast that Welltower Inc. will post 4.88 earnings per share for the current fiscal year.

Welltower Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 22nd. Investors of record on Wednesday, May 14th were issued 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 1.78%. Welltower's dividend payout ratio is 154.02%.

Insider Transactions at Welltower

In other Welltower news, Director Andrew Gundlach acquired 20,000 shares of Welltower stock in a transaction on Monday, June 30th. The shares were bought 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. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 0.21% of the company's stock.

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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