Retirement Systems of Alabama Purchases 15,570 Shares of Welltower Inc. $WELL

Retirement Systems of Alabama raised its position in shares of Welltower Inc. (NYSE:WELL) by 3.3% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 486,921 shares of the real estate investment trust’s stock after purchasing an additional 15,570 shares during the period. Retirement Systems of Alabama owned 0.07% of Welltower worth $74,854,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Wellington Management Group LLP grew its holdings in Welltower by 14.0% during the first quarter. Wellington Management Group LLP now owns 21,289,684 shares of the real estate investment trust’s stock valued at $3,261,792,000 after purchasing an additional 2,614,562 shares during the period. Price T Rowe Associates Inc. MD grew its holdings in Welltower by 41.6% during the first quarter. Price T Rowe Associates Inc. MD now owns 8,923,852 shares of the real estate investment trust’s stock valued at $1,367,226,000 after purchasing an additional 2,622,384 shares during the period. Northern Trust Corp boosted its holdings in shares of Welltower by 0.4% in the first quarter. Northern Trust Corp now owns 8,467,221 shares of the real estate investment trust’s stock worth $1,297,263,000 after acquiring an additional 36,725 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in shares of Welltower by 7.0% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 8,164,840 shares of the real estate investment trust’s stock worth $1,250,935,000 after acquiring an additional 532,135 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its holdings in shares of Welltower by 14.4% in the first quarter. Charles Schwab Investment Management Inc. now owns 6,956,594 shares of the real estate investment trust’s stock worth $1,065,820,000 after acquiring an additional 877,856 shares during the period. 94.80% of the stock is owned by institutional investors.

Analyst Ratings Changes

WELL has been the subject of a number of analyst reports. Scotiabank raised their price target on Welltower from $181.00 to $182.00 and gave the stock an “outperform” rating in a report on Monday, October 6th. Cantor Fitzgerald reaffirmed an “overweight” rating on shares of Welltower in a report on Tuesday. Evercore ISI raised their price target on Welltower from $175.00 to $183.00 and gave the stock an “in-line” rating in a report on Monday, September 15th. Loop Capital set a $196.00 price target on Welltower in a report on Wednesday. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Welltower in a report on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Welltower currently has a consensus rating of “Moderate Buy” and an average target price of $187.60.

Welltower Price Performance

NYSE:WELL opened at $177.43 on Thursday. The firm has a market capitalization of $118.67 billion, a price-to-earnings ratio of 122.37, a P/E/G ratio of 1.96 and a beta of 0.92. Welltower Inc. has a 52-week low of $123.11 and a 52-week high of $189.53. The stock has a fifty day moving average of $171.02 and a 200 day moving average of $160.22. The company has a debt-to-equity ratio of 0.43, a quick ratio of 4.19 and a current ratio of 5.47.

Welltower (NYSE:WELL) last posted its quarterly earnings data on Monday, October 27th. The real estate investment trust reported $1.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.30 by $0.04. The company had revenue of $2.69 billion during the quarter, compared to analyst estimates of $2.70 billion. Welltower had a return on equity of 2.71% and a net margin of 9.69%.The firm’s quarterly revenue was up 30.7% on a year-over-year basis. During the same quarter last year, the company earned $1.11 earnings per share. Welltower has set its FY 2025 guidance at 5.240-5.300 EPS. On average, research analysts expect that Welltower Inc. will post 4.88 EPS for the current fiscal year.

Welltower Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, November 20th. Investors of record on Tuesday, November 11th will be paid a dividend of $0.74 per share. The ex-dividend date of this dividend is Monday, November 10th. This represents a $2.96 annualized dividend and a yield of 1.7%. 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.