State of Alaska Department of Revenue Has $31.83 Million Stock Position in Welltower Inc. (NYSE:WELL)

State of Alaska Department of Revenue increased its holdings in shares of Welltower Inc. (NYSE:WELL) by 1.6% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 340,651 shares of the real estate investment trust’s stock after purchasing an additional 5,364 shares during the period. State of Alaska Department of Revenue owned approximately 0.06% of Welltower worth $31,828,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the business. Vanguard Group Inc. boosted its holdings in Welltower by 6.4% in the fourth quarter. Vanguard Group Inc. now owns 85,930,671 shares of the real estate investment trust’s stock worth $7,748,369,000 after acquiring an additional 5,173,079 shares in the last quarter. Norges Bank bought a new position in Welltower in the fourth quarter worth approximately $2,453,039,000. Capital International Investors boosted its holdings in Welltower by 6.3% in the fourth quarter. Capital International Investors now owns 23,132,262 shares of the real estate investment trust’s stock worth $2,085,836,000 after acquiring an additional 1,361,150 shares in the last quarter. Principal Financial Group Inc. boosted its holdings in Welltower by 0.7% in the fourth quarter. Principal Financial Group Inc. now owns 13,012,500 shares of the real estate investment trust’s stock worth $1,173,337,000 after acquiring an additional 87,106 shares in the last quarter. Finally, Daiwa Securities Group Inc. lifted its holdings in shares of Welltower by 1.3% in the fourth quarter. Daiwa Securities Group Inc. now owns 7,986,481 shares of the real estate investment trust’s stock valued at $720,141,000 after purchasing an additional 99,314 shares in the last quarter. Institutional investors and hedge funds own 94.80% of the company’s stock.

Insider Activity

In other news, Director Kenneth J. Bacon sold 1,800 shares of the stock in a transaction on Tuesday, June 4th. The stock was sold at an average price of $103.91, for a total transaction of $187,038.00. Following the transaction, the director now directly owns 14,579 shares of the company’s stock, valued at approximately $1,514,903.89. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders own 0.12% of the company’s stock.

Welltower Stock Down 0.6 %

Shares of WELL stock traded down $0.62 during midday trading on Wednesday, reaching $105.35. 1,204,655 shares of the stock were exchanged, compared to its average volume of 2,687,226. Welltower Inc. has a 1 year low of $77.90 and a 1 year high of $106.23. The company’s 50 day moving average is $100.89 and its two-hundred day moving average is $94.24. The company has a current ratio of 3.83, a quick ratio of 3.83 and a debt-to-equity ratio of 0.50. The firm has a market cap of $62.99 billion, a PE ratio of 130.21, a price-to-earnings-growth ratio of 2.57 and a beta of 1.18.

Welltower (NYSE:WELL) last posted its earnings results on Monday, April 29th. The real estate investment trust reported $0.22 earnings per share for the quarter, missing analysts’ consensus estimates of $0.94 by ($0.72). The firm had revenue of $1.86 billion for the quarter, compared to analysts’ expectations of $1.81 billion. Welltower had a return on equity of 1.77% and a net margin of 6.37%. The firm’s revenue was up 19.2% on a year-over-year basis. During the same quarter last year, the company posted $0.85 EPS. On average, equities research analysts predict that Welltower Inc. will post 4.12 EPS for the current year.

Welltower Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, May 22nd. Investors of record on Monday, May 13th were given a $0.61 dividend. The ex-dividend date was Friday, May 10th. This represents a $2.44 annualized dividend and a yield of 2.32%. Welltower’s dividend payout ratio (DPR) is presently 301.23%.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the company. BNP Paribas assumed coverage on Welltower in a report on Monday, March 18th. They issued an “outperform” rating and a $104.00 target price on the stock. StockNews.com lowered Welltower from a “hold” rating to a “sell” rating in a report on Sunday. KeyCorp lifted their price target on Welltower from $95.00 to $115.00 and gave the stock an “overweight” rating in a report on Tuesday. Scotiabank lifted their price target on Welltower from $96.00 to $108.00 and gave the stock a “sector outperform” rating in a report on Thursday, May 16th. Finally, Mizuho lifted their price target on Welltower from $98.00 to $105.00 and gave the stock a “buy” rating in a report on Wednesday, May 8th. One investment analyst has rated the stock with a sell rating, four have given a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $99.50.

Welltower Profile

Welltower Inc (NYSE:WELL), a 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 and infrastructure needed to scale innovative care delivery models and improve people's wellness and overall health care experience.