New York State Teachers Retirement System Purchases 1,091 Shares of Welltower Inc. (NYSE:WELL)

New York State Teachers Retirement System raised its stake in shares of Welltower Inc. (NYSE:WELL) by 0.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 456,916 shares of the real estate investment trust’s stock after acquiring an additional 1,091 shares during the quarter. New York State Teachers Retirement System owned approximately 0.07% of Welltower worth $57,585,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of WELL. Laurel Wealth Advisors LLC purchased a new position in Welltower in the 4th quarter worth $25,000. Fortitude Family Office LLC raised its stake in Welltower by 37.0% in the 3rd quarter. Fortitude Family Office LLC now owns 289 shares of the real estate investment trust’s stock worth $37,000 after acquiring an additional 78 shares during the last quarter. Versant Capital Management Inc raised its stake in Welltower by 165.5% in the 4th quarter. Versant Capital Management Inc now owns 300 shares of the real estate investment trust’s stock worth $38,000 after acquiring an additional 187 shares during the last quarter. Ashton Thomas Securities LLC purchased a new position in Welltower in the 3rd quarter worth $50,000. Finally, FSA Wealth Management LLC acquired a new stake in Welltower during the 3rd quarter worth about $59,000. Institutional investors own 94.80% of the company’s stock.

Welltower Trading Down 0.9 %

WELL stock opened at $150.03 on Friday. The company has a current ratio of 4.10, a quick ratio of 4.10 and a debt-to-equity ratio of 0.51. Welltower Inc. has a 12-month low of $87.87 and a 12-month high of $151.96. The stock has a market cap of $93.42 billion, a price-to-earnings ratio of 98.70, a PEG ratio of 2.83 and a beta of 1.23. The business’s 50-day moving average is $131.37 and its 200 day moving average is $128.56.

Welltower (NYSE:WELL) last posted its quarterly earnings data on Tuesday, February 11th. The real estate investment trust reported $1.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.40 by $0.73. Welltower had a return on equity of 3.20% and a net margin of 12.22%. On average, sell-side analysts anticipate that Welltower Inc. will post 4.3 EPS for the current fiscal year.

Welltower Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 6th. Investors of record on Tuesday, February 25th will be issued a $0.67 dividend. This represents a $2.68 annualized dividend and a yield of 1.79%. The ex-dividend date of this dividend is Tuesday, February 25th. Welltower’s payout ratio is 176.32%.

Analyst Upgrades and Downgrades

WELL has been the topic of several analyst reports. Mizuho increased their price target on Welltower from $136.00 to $141.00 and gave the stock an “outperform” rating in a research report on Thursday, December 5th. Bank of America increased their price target on Welltower from $190.00 to $221.00 and gave the stock a “buy” rating in a research report on Friday, January 24th. Scotiabank increased their price target on Welltower from $142.00 to $144.00 and gave the stock a “sector outperform” rating in a research report on Monday, January 27th. StockNews.com downgraded Welltower from a “hold” rating to a “sell” rating in a research report on Thursday. Finally, Raymond James raised their target price on Welltower from $145.00 to $155.00 and gave the company a “strong-buy” rating in a research report on Monday, December 16th. One analyst has rated the stock with a sell rating, three have issued a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Welltower has an average rating of “Moderate Buy” and an average target price of $138.58.

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.