State of Alaska Department of Revenue Sells 21,052 Shares of Welltower Inc. (NYSE:WELL)

State of Alaska Department of Revenue trimmed its position in shares of Welltower Inc. (NYSE:WELL – Get Rating) by 5.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 350,591 shares of the real estate investment trust’s stock after selling 21,052 shares during the quarter. State of Alaska Department of Revenue owned 0.07% of Welltower worth $22,980,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Covestor Ltd lifted its position in Welltower by 97.4% in the 1st quarter. Covestor Ltd now owns 298 shares of the real estate investment trust’s stock valued at $29,000 after acquiring an additional 147 shares in the last quarter. Phocas Financial Corp. bought a new stake in Welltower in the 4th quarter valued at $28,000. Householder Group Estate & Retirement Specialist LLC bought a new stake in Welltower in the 3rd quarter valued at $32,000. HM Payson & Co. lifted its position in Welltower by 200.0% in the 3rd quarter. HM Payson & Co. now owns 600 shares of the real estate investment trust’s stock valued at $39,000 after acquiring an additional 400 shares in the last quarter. Finally, McElhenny Sheffield Capital Management LLC bought a new stake in Welltower in the 4th quarter valued at $39,000. 95.78% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the stock. Mizuho cut their price objective on shares of Welltower from $93.00 to $91.00 in a research report on Friday, December 2nd. Barclays lifted their price target on shares of Welltower from $78.00 to $82.00 and gave the company an “overweight” rating in a research note on Tuesday, January 17th. Raymond James upgraded shares of Welltower from an “outperform” rating to a “strong-buy” rating and lifted their price target for the company from $72.00 to $82.00 in a research note on Monday, January 9th. Evercore ISI lowered shares of Welltower from an “outperform” rating to an “in-line” rating and set a $72.00 price target on the stock. in a research note on Monday, November 21st. Finally, StockNews.com initiated coverage on shares of Welltower in a research note on Thursday. They issued a “sell” rating on the stock. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $82.56.

Welltower Stock Performance

Shares of Welltower stock traded down $2.10 during trading on Friday, hitting $68.75. 4,939,850 shares of the stock were exchanged, compared to its average volume of 2,578,931. The stock has a market capitalization of $33.73 billion, a price-to-earnings ratio of 214.85, a price-to-earnings-growth ratio of 5.02 and a beta of 1.05. The company has a fifty day moving average price of $73.71 and a 200-day moving average price of $68.97. Welltower Inc. has a 1-year low of $56.50 and a 1-year high of $99.43. The company has a current ratio of 2.00, a quick ratio of 2.00 and a debt-to-equity ratio of 0.69.

Welltower Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 8th. Investors of record on Tuesday, February 28th were paid a $0.61 dividend. The ex-dividend date of this dividend was Monday, February 27th. This represents a $2.44 dividend on an annualized basis and a yield of 3.55%. Welltower’s dividend payout ratio (DPR) is currently 762.52%.

Welltower Company Profile

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Welltower, Inc engages in the provision of health care infrastructure and investment of seniors housing operators, post-acute providers, and health systems. It operates through the following segments: Seniors Housing Operating, Triple-net, and Outpatient Medical. The Seniors Housing Operating segment includes the seniors housing communities.