New York State Common Retirement Fund Sells 25,622 Shares of Welltower Inc. (NYSE:WELL)

New York State Common Retirement Fund trimmed its holdings in shares of Welltower Inc. (NYSE:WELL - Free Report) by 5.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 414,754 shares of the real estate investment trust's stock after selling 25,622 shares during the quarter. New York State Common Retirement Fund owned 0.07% of Welltower worth $37,398,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in WELL. Principal Financial Group Inc. lifted its position in shares of Welltower by 25.1% in the 3rd quarter. Principal Financial Group Inc. now owns 12,925,394 shares of the real estate investment trust's stock worth $1,058,848,000 after purchasing an additional 2,596,718 shares during the period. Vanguard Group Inc. lifted its position in shares of Welltower by 2.7% in the 3rd quarter. Vanguard Group Inc. now owns 80,757,592 shares of the real estate investment trust's stock worth $6,615,662,000 after purchasing an additional 2,156,673 shares during the period. Invesco Ltd. lifted its position in shares of Welltower by 22.9% in the 3rd quarter. Invesco Ltd. now owns 8,486,611 shares of the real estate investment trust's stock worth $695,223,000 after purchasing an additional 1,581,084 shares during the period. Nordea Investment Management AB lifted its position in shares of Welltower by 1,412.2% in the 4th quarter. Nordea Investment Management AB now owns 594,677 shares of the real estate investment trust's stock worth $54,062,000 after purchasing an additional 555,353 shares during the period. Finally, Barclays PLC lifted its position in shares of Welltower by 62.6% in the 3rd quarter. Barclays PLC now owns 1,367,437 shares of the real estate investment trust's stock worth $112,020,000 after purchasing an additional 526,386 shares during the period. 94.80% of the stock is owned by institutional investors.

Welltower Stock Up 0.3 %

Shares of NYSE WELL traded up $0.30 during trading on Thursday, hitting $94.00. The stock had a trading volume of 2,421,329 shares, compared to its average volume of 2,550,509. Welltower Inc. has a 12 month low of $72.47 and a 12 month high of $94.63. The company has a debt-to-equity ratio of 0.60, a current ratio of 3.22 and a quick ratio of 3.22. The company has a market capitalization of $55.56 billion, a PE ratio of 146.41, a PEG ratio of 2.36 and a beta of 1.08. The firm has a fifty day moving average of $92.03 and a two-hundred day moving average of $89.28.

Welltower (NYSE:WELL - Get Free Report) last released its quarterly earnings data on Tuesday, February 13th. The real estate investment trust reported $0.15 EPS for the quarter, missing the consensus estimate of $0.94 by ($0.79). Welltower had a net margin of 5.12% and a return on equity of 1.47%. The business had revenue of $1.75 billion for the quarter, compared to analysts' expectations of $1.72 billion. During the same period last year, the company earned $0.83 earnings per share. Welltower's revenue for the quarter was up 15.2% compared to the same quarter last year. As a group, equities research analysts forecast that Welltower Inc. will post 4.04 EPS for the current fiscal year.

Welltower Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 7th. Investors of record on Friday, February 23rd were paid a $0.61 dividend. This represents a $2.44 dividend on an annualized basis and a yield of 2.60%. The ex-dividend date of this dividend was Thursday, February 22nd. Welltower's dividend payout ratio is currently 381.26%.

Analyst Ratings Changes

A number of research analysts have recently issued reports on WELL shares. StockNews.com downgraded shares of Welltower from a "hold" rating to a "sell" rating in a research report on Friday, March 29th. Mizuho boosted their target price on shares of Welltower from $90.00 to $98.00 and gave the company a "buy" rating in a research report on Wednesday, January 3rd. Deutsche Bank Aktiengesellschaft began coverage on shares of Welltower in a research report on Tuesday, January 30th. They set a "buy" rating and a $115.00 target price on the stock. KeyCorp boosted their target price on shares of Welltower from $90.00 to $95.00 and gave the company an "overweight" rating in a research report on Friday, January 5th. Finally, BNP Paribas began coverage on shares of Welltower in a research report on Monday, March 18th. They set an "outperform" rating and a $104.00 target price on the stock. One analyst has rated the stock with a sell rating, four have issued a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $95.57.

Welltower Profile

Welltower Inc NYSE: WELL, a 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 and infrastructure needed to scale innovative care delivery models and improve people's wellness and overall health care experience.