Teachers Retirement System of The State of Kentucky Acquires 638 Shares of Welltower Inc. (NYSE:WELL)

Teachers Retirement System of The State of Kentucky raised its stake in shares of Welltower Inc. (NYSE:WELL) by 0.5% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 121,916 shares of the real estate investment trust’s stock after purchasing an additional 638 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in Welltower were worth $15,610,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in WELL. Van Hulzen Asset Management LLC acquired a new position in Welltower in the second quarter valued at $411,000. American Century Companies Inc. lifted its stake in shares of Welltower by 10.1% in the 2nd quarter. American Century Companies Inc. now owns 1,404,781 shares of the real estate investment trust’s stock valued at $146,448,000 after purchasing an additional 129,270 shares during the period. Diversified Trust Co lifted its stake in shares of Welltower by 93.8% in the 3rd quarter. Diversified Trust Co now owns 18,474 shares of the real estate investment trust’s stock valued at $2,365,000 after purchasing an additional 8,940 shares during the period. Duff & Phelps Investment Management Co. bought a new stake in shares of Welltower during the 2nd quarter valued at about $254,977,000. Finally, Acadian Asset Management LLC grew its stake in Welltower by 10,963.7% during the second quarter. Acadian Asset Management LLC now owns 85,080 shares of the real estate investment trust’s stock worth $8,866,000 after purchasing an additional 84,311 shares during the period. Institutional investors own 94.80% of the company’s stock.

Welltower Stock Performance

Shares of WELL stock opened at $128.60 on Thursday. Welltower Inc. has a 52 week low of $85.40 and a 52 week high of $140.75. The firm’s 50-day simple moving average is $132.81 and its two-hundred day simple moving average is $120.00. The firm has a market cap of $80.08 billion, a price-to-earnings ratio of 84.61, a P/E/G ratio of 2.95 and a beta of 1.20. The company has a debt-to-equity ratio of 0.51, a quick ratio of 4.10 and a current ratio of 4.10.

Welltower (NYSE:WELL) last announced its quarterly earnings data on Monday, October 28th. The real estate investment trust reported $0.73 earnings per share for the quarter, missing the consensus estimate of $1.04 by ($0.31). The firm had revenue of $2.06 billion during the quarter, compared to analysts’ expectations of $1.95 billion. Welltower had a return on equity of 3.20% and a net margin of 12.22%. The company’s revenue was up 23.7% compared to the same quarter last year. During the same period last year, the business posted $0.92 EPS. As a group, equities analysts forecast that Welltower Inc. will post 4.3 earnings per share for the current year.

Welltower Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, November 21st. Stockholders of record on Wednesday, November 13th were given a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a dividend yield of 2.08%. The ex-dividend date was Wednesday, November 13th. Welltower’s dividend payout ratio is presently 176.32%.

Analysts Set New Price Targets

Several brokerages recently issued reports on WELL. StockNews.com raised shares of Welltower from a “sell” rating to a “hold” rating in a research note on Wednesday, October 30th. Wells Fargo & Company restated an “equal weight” rating and issued a $135.00 target price (up from $134.00) on shares of Welltower in a research note on Tuesday, October 1st. Evercore ISI boosted their target price on Welltower from $106.00 to $114.00 and gave the company an “in-line” rating in a research report on Monday, September 16th. Scotiabank increased their price target on Welltower from $133.00 to $142.00 and gave the stock a “sector outperform” rating in a report on Monday, November 25th. Finally, Deutsche Bank Aktiengesellschaft boosted their price objective on Welltower from $115.00 to $137.00 and gave the company a “buy” rating in a report on Wednesday, August 21st. Five research analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $120.77.

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.