Welltower Inc. (NYSE:WELL) Stake Increased by Teacher Retirement System of Texas

Teacher Retirement System of Texas increased its holdings in shares of Welltower Inc. (NYSE:WELL) by 69.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 538,763 shares of the real estate investment trust’s stock after buying an additional 221,692 shares during the quarter. Teacher Retirement System of Texas owned 0.09% of Welltower worth $67,900,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of WELL. Wellington Management Group LLP grew its stake in Welltower by 10.6% during the 3rd quarter. Wellington Management Group LLP now owns 18,685,844 shares of the real estate investment trust’s stock valued at $2,392,349,000 after acquiring an additional 1,797,330 shares in the last quarter. FMR LLC boosted its holdings in shares of Welltower by 38.1% during the third quarter. FMR LLC now owns 14,428,564 shares of the real estate investment trust’s stock worth $1,847,289,000 after purchasing an additional 3,977,845 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in Welltower by 638.0% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 6,920,426 shares of the real estate investment trust’s stock valued at $886,022,000 after purchasing an additional 5,982,711 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in Welltower by 0.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 6,066,213 shares of the real estate investment trust’s stock valued at $776,657,000 after buying an additional 46,332 shares during the period. Finally, Bank of New York Mellon Corp lifted its position in Welltower by 3.1% in the 4th quarter. Bank of New York Mellon Corp now owns 3,884,674 shares of the real estate investment trust’s stock worth $489,585,000 after buying an additional 117,170 shares in the last quarter. 94.80% of the stock is owned by institutional investors and hedge funds.

Welltower Stock Down 0.8 %

Shares of WELL stock opened at $148.81 on Thursday. The stock has a 50 day moving average of $142.63 and a 200-day moving average of $134.35. The firm has a market cap of $95.43 billion, a PE ratio of 95.39, a price-to-earnings-growth ratio of 2.87 and a beta of 1.20. The company has a quick ratio of 4.22, a current ratio of 4.22 and a debt-to-equity ratio of 0.48. Welltower Inc. has a 12 month low of $87.87 and a 12 month high of $158.55.

Welltower (NYSE:WELL) last announced its quarterly earnings data on Tuesday, February 11th. The real estate investment trust reported $1.13 EPS for the quarter, beating analysts’ consensus estimates of $0.40 by $0.73. Welltower had a net margin of 11.91% and a return on equity of 3.15%. On average, equities analysts predict that Welltower Inc. will post 4.88 EPS for the current year.

Welltower Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 6th. Stockholders of record on Tuesday, February 25th were issued a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a dividend yield of 1.80%. The ex-dividend date of this dividend was Tuesday, February 25th. Welltower’s payout ratio is presently 171.79%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on WELL shares. Evercore ISI boosted their price target on shares of Welltower from $144.00 to $145.00 and gave the company an “in-line” rating in a report on Tuesday, March 4th. Mizuho upped their target price on Welltower from $141.00 to $170.00 and gave the stock an “outperform” rating in a research report on Tuesday. Royal Bank of Canada raised Welltower from a “sector perform” rating to an “outperform” rating and raised their price target for the stock from $146.00 to $168.00 in a research note on Friday, February 28th. Scotiabank boosted their price target on Welltower from $165.00 to $166.00 and gave the company a “sector outperform” rating in a research note on Thursday, March 6th. Finally, Raymond James raised their price objective on shares of Welltower from $145.00 to $155.00 and gave the company a “strong-buy” rating in a research report on Monday, December 16th. Three investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, Welltower currently has an average rating of “Moderate Buy” and a consensus price target of $156.46.

Welltower Company 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.