Public Employees Retirement Association of Colorado Has $10.61 Million Position in Welltower Inc. (NYSE:WELL)

Public Employees Retirement Association of Colorado increased its holdings in Welltower Inc. (NYSE:WELL - Free Report) by 5.0% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 84,220 shares of the real estate investment trust's stock after purchasing an additional 4,001 shares during the period. Public Employees Retirement Association of Colorado's holdings in Welltower were worth $10,614,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Barclays PLC raised its stake in shares of Welltower by 29.2% in the third quarter. Barclays PLC now owns 1,684,446 shares of the real estate investment trust's stock worth $215,659,000 after purchasing an additional 380,888 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new position in Welltower in the 3rd quarter worth about $337,000. Tidal Investments LLC lifted its stake in Welltower by 46.2% during the 3rd quarter. Tidal Investments LLC now owns 21,016 shares of the real estate investment trust's stock valued at $2,691,000 after acquiring an additional 6,639 shares during the period. Synovus Financial Corp boosted its holdings in shares of Welltower by 51.3% during the 3rd quarter. Synovus Financial Corp now owns 3,326 shares of the real estate investment trust's stock valued at $426,000 after acquiring an additional 1,128 shares during the last quarter. Finally, Franklin Resources Inc. grew its stake in shares of Welltower by 3.2% in the third quarter. Franklin Resources Inc. now owns 391,264 shares of the real estate investment trust's stock worth $49,925,000 after acquiring an additional 12,265 shares during the period. 94.80% of the stock is owned by institutional investors.

Welltower Trading Up 0.1 %

Shares of NYSE:WELL traded up $0.15 during trading on Friday, reaching $150.48. 2,367,811 shares of the stock were exchanged, compared to its average volume of 2,878,669. Welltower Inc. has a 12-month low of $95.86 and a 12-month high of $158.55. The firm's 50-day moving average price is $148.06 and its 200 day moving average price is $139.20. The company has a debt-to-equity ratio of 0.48, a quick ratio of 4.22 and a current ratio of 4.22. The firm has a market cap of $98.41 billion, a price-to-earnings ratio of 96.46, a price-to-earnings-growth ratio of 2.87 and a beta of 0.94.

Welltower (NYSE:WELL - Get Free Report) last released its quarterly earnings results on Monday, April 28th. The real estate investment trust reported $1.20 EPS for the quarter, topping the consensus estimate of $1.15 by $0.05. Welltower had a return on equity of 3.15% and a net margin of 11.91%. The business had revenue of $2.42 billion for the quarter, compared to analysts' expectations of $2.40 billion. During the same quarter in the previous year, the firm posted $1.01 earnings per share. The company's revenue was up 30.3% compared to the same quarter last year. On average, sell-side analysts anticipate that Welltower Inc. will post 4.88 earnings per share for the current fiscal year.

Welltower Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 22nd. Stockholders of record on Wednesday, May 14th will be issued a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a dividend yield of 1.78%. The ex-dividend date of this dividend is Wednesday, May 14th. Welltower's dividend payout ratio is 154.02%.

Analyst Ratings Changes

Several analysts recently issued reports on WELL shares. Wedbush restated an "underperform" rating on shares of Welltower in a research report on Thursday, April 17th. Mizuho raised their target price on Welltower from $141.00 to $170.00 and gave the stock an "outperform" rating in a report on Tuesday, March 18th. Scotiabank boosted their price target on Welltower from $165.00 to $166.00 and gave the company a "sector outperform" rating in a report on Thursday, March 6th. StockNews.com cut Welltower from a "hold" rating to a "sell" rating in a research report on Wednesday. Finally, Royal Bank of Canada raised shares of Welltower from a "sector perform" rating to an "outperform" rating and increased their target price for the stock from $146.00 to $168.00 in a report on Friday, February 28th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $157.46.

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.