State of Michigan Retirement System Purchases 2,600 Shares of Welltower Inc. $WELL

State of Michigan Retirement System boosted its holdings in shares of Welltower Inc. (NYSE:WELL) by 1.4% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 182,309 shares of the real estate investment trust’s stock after buying an additional 2,600 shares during the period. State of Michigan Retirement System’s holdings in Welltower were worth $36,044,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Parkside Financial Bank & Trust raised its stake in shares of Welltower by 2.5% in the 4th quarter. Parkside Financial Bank & Trust now owns 1,977 shares of the real estate investment trust’s stock valued at $367,000 after buying an additional 49 shares in the last quarter. KCM Investment Advisors LLC boosted its position in shares of Welltower by 3.2% during the 4th quarter. KCM Investment Advisors LLC now owns 1,678 shares of the real estate investment trust’s stock valued at $311,000 after acquiring an additional 52 shares in the last quarter. CYBER HORNET ETFs LLC boosted its position in shares of Welltower by 3.5% during the 3rd quarter. CYBER HORNET ETFs LLC now owns 1,582 shares of the real estate investment trust’s stock valued at $282,000 after acquiring an additional 53 shares in the last quarter. Verdence Capital Advisors LLC increased its stake in Welltower by 4.2% in the fourth quarter. Verdence Capital Advisors LLC now owns 1,385 shares of the real estate investment trust’s stock valued at $257,000 after acquiring an additional 56 shares during the period. Finally, Wedmont Private Capital increased its stake in Welltower by 0.6% in the fourth quarter. Wedmont Private Capital now owns 9,279 shares of the real estate investment trust’s stock valued at $1,723,000 after acquiring an additional 57 shares during the period. Institutional investors own 94.80% of the company’s stock.

Analyst Upgrades and Downgrades

WELL has been the subject of several recent research reports. Deutsche Bank Aktiengesellschaft increased their price target on shares of Welltower from $215.00 to $265.00 and gave the stock a “buy” rating in a research report on Wednesday, July 1st. Royal Bank Of Canada reiterated an “outperform” rating and issued a $238.00 price objective on shares of Welltower in a research note on Monday, June 15th. BMO Capital Markets reissued an “outperform” rating and issued a $245.00 target price on shares of Welltower in a report on Monday, May 4th. Citigroup raised their target price on Welltower from $245.00 to $255.00 and gave the stock a “buy” rating in a research report on Tuesday, May 5th. Finally, UBS Group boosted their price target on Welltower from $249.00 to $271.00 and gave the company a “buy” rating in a research note on Wednesday, July 8th. Thirteen investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $234.72.

Welltower Trading Up 1.2%

Shares of Welltower stock opened at $234.40 on Tuesday. Welltower Inc. has a 12-month low of $155.33 and a 12-month high of $239.10. The stock has a market capitalization of $165.46 billion, a P/E ratio of 116.04, a price-to-earnings-growth ratio of 1.14 and a beta of 0.77. The company has a 50-day simple moving average of $216.78 and a 200 day simple moving average of $205.44. The company has a quick ratio of 4.31, a current ratio of 4.31 and a debt-to-equity ratio of 0.40.

Welltower (NYSE:WELL) last released its quarterly earnings results on Tuesday, April 28th. The real estate investment trust reported $1.02 EPS for the quarter, beating analysts’ consensus estimates of $0.68 by $0.34. The firm had revenue of $3.35 billion for the quarter, compared to analyst estimates of $3.12 billion. Welltower had a net margin of 11.96% and a return on equity of 3.45%. The company’s revenue for the quarter was up 38.3% compared to the same quarter last year. During the same period in the previous year, the business earned $1.20 earnings per share. Welltower has set its FY 2026 guidance at 6.210-6.350 EPS. Research analysts expect that Welltower Inc. will post 6.32 earnings per share for the current fiscal year.

Welltower Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, May 21st. Stockholders of record on Wednesday, May 13th were paid a $0.74 dividend. The ex-dividend date was Wednesday, May 13th. This represents a $2.96 dividend on an annualized basis and a dividend yield of 1.3%. Welltower’s payout ratio is 146.53%.

Welltower Profile

Welltower Inc (NYSE: WELL) is a real estate investment trust (REIT) that acquires and manages real estate serving the health care industry. The company specializes in healthcare infrastructure, owning and operating a diversified portfolio of senior housing, post-acute and long-term care communities, and outpatient medical properties. Welltower’s assets are designed to support the delivery of health care services through a combination of leased properties, joint ventures, and other capital arrangements with health care operators and providers.

The company’s property types include assisted living, memory care, independent living and skilled nursing facilities, as well as medical office buildings and other outpatient-care real estate such as ambulatory surgery centers and specialty clinics.