State of Alaska Department of Revenue Raises Stock Holdings in Welltower Inc. $WELL

State of Alaska Department of Revenue grew its holdings in Welltower Inc. (NYSE:WELL) by 4.0% during the second quarter, HoldingsChannel.com reports. The firm owned 390,532 shares of the real estate investment trust’s stock after acquiring an additional 15,169 shares during the quarter. Welltower makes up about 0.6% of State of Alaska Department of Revenue’s holdings, making the stock its 19th biggest holding. State of Alaska Department of Revenue’s holdings in Welltower were worth $60,034,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of WELL. SouthState Corp increased its stake in Welltower by 704.8% in the 1st quarter. SouthState Corp now owns 169 shares of the real estate investment trust’s stock worth $26,000 after buying an additional 148 shares during the period. Wealth Preservation Advisors LLC purchased a new position in shares of Welltower during the first quarter worth approximately $27,000. Harbor Capital Advisors Inc. purchased a new position in shares of Welltower during the first quarter worth approximately $28,000. Smallwood Wealth Investment Management LLC purchased a new position in shares of Welltower during the first quarter worth approximately $28,000. Finally, Hughes Financial Services LLC purchased a new position in shares of Welltower during the first quarter worth approximately $31,000. Hedge funds and other institutional investors own 94.80% of the company’s stock.

Insider Transactions at Welltower

In other Welltower news, Director Andrew Gundlach purchased 20,000 shares of the stock in a transaction on Monday, June 30th. The shares were bought at an average price of $151.46 per share, for a total transaction of $3,029,200.00. Following the completion of the transaction, the director owned 20,000 shares of the company’s stock, valued at $3,029,200. This trade represents a ∞ increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. Corporate insiders own 0.21% of the company’s stock.

Analyst Ratings Changes

WELL has been the topic of several research reports. Evercore ISI raised their price objective on Welltower from $175.00 to $183.00 and gave the stock an “in-line” rating in a report on Monday, September 15th. Raymond James Financial reissued a “strong-buy” rating on shares of Welltower in a research report on Tuesday, September 2nd. UBS Group started coverage on shares of Welltower in a report on Friday, September 19th. They set a “buy” rating and a $195.00 price objective on the stock. Scotiabank lifted their price objective on shares of Welltower from $172.00 to $181.00 and gave the company an “outperform” rating in a report on Thursday, August 28th. Finally, KeyCorp lifted their price target on Welltower from $150.00 to $200.00 and gave the company an “overweight” rating in a report on Tuesday. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $179.42.

Welltower Stock Performance

Shares of NYSE WELL opened at $174.90 on Friday. The company’s fifty day moving average price is $166.49 and its 200 day moving average price is $155.66. Welltower Inc. has a 1 year low of $122.34 and a 1 year high of $175.10. The company has a market capitalization of $116.98 billion, a PE ratio of 98.81, a price-to-earnings-growth ratio of 1.93 and a beta of 0.93. The company has a debt-to-equity ratio of 0.44, a quick ratio of 4.19 and a current ratio of 4.19.

Welltower (NYSE:WELL) last posted its earnings results on Monday, July 28th. The real estate investment trust reported $1.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.22 by $0.06. Welltower had a net margin of 12.18% and a return on equity of 3.38%. The business had revenue of $2.55 billion for the quarter, compared to analyst estimates of $2.49 billion. During the same period in the prior year, the company posted $1.05 EPS. The company’s revenue for the quarter was up 39.6% on a year-over-year basis. Welltower has set its FY 2025 guidance at 5.060-5.14 EPS. On average, research analysts predict that Welltower Inc. will post 4.88 earnings per share for the current year.

Welltower Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 21st. Shareholders of record on Tuesday, August 12th were given a dividend of $0.74 per share. This is an increase from Welltower’s previous quarterly dividend of $0.67. This represents a $2.96 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date was Tuesday, August 12th. Welltower’s dividend payout ratio (DPR) is currently 167.23%.

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.