New York State Common Retirement Fund Sells 14,800 Shares of Welltower Inc. (NYSE:WELL)

New York State Common Retirement Fund cut its stake in Welltower Inc. (NYSE:WELL) by 2.0% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 743,365 shares of the real estate investment trust’s stock after selling 14,800 shares during the period. New York State Common Retirement Fund owned approximately 0.12% of Welltower worth $95,173,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in the company. Focus Financial Network Inc. acquired a new stake in shares of Welltower in the third quarter valued at approximately $212,000. Stephens Inc. AR lifted its position in Welltower by 57.1% during the 3rd quarter. Stephens Inc. AR now owns 10,610 shares of the real estate investment trust’s stock worth $1,358,000 after buying an additional 3,857 shares in the last quarter. Fairfield Financial Advisors LTD boosted its stake in shares of Welltower by 2.7% during the 3rd quarter. Fairfield Financial Advisors LTD now owns 14,921 shares of the real estate investment trust’s stock worth $1,910,000 after buying an additional 386 shares during the last quarter. Catalyst Financial Partners LLC acquired a new position in shares of Welltower during the 3rd quarter worth about $216,000. Finally, Pinnacle Associates Ltd. grew its holdings in shares of Welltower by 2.2% in the 3rd quarter. Pinnacle Associates Ltd. now owns 61,590 shares of the real estate investment trust’s stock valued at $7,885,000 after acquiring an additional 1,344 shares in the last quarter. Institutional investors own 94.80% of the company’s stock.

Wall Street Analyst Weigh In

WELL has been the subject of a number of analyst reports. Morgan Stanley raised their price target on Welltower from $103.00 to $107.50 and gave the company an “overweight” rating in a research note on Thursday, July 11th. Royal Bank of Canada boosted their target price on shares of Welltower from $101.00 to $114.00 and gave the stock a “sector perform” rating in a report on Friday, August 9th. StockNews.com upgraded shares of Welltower from a “sell” rating to a “hold” rating in a research note on Wednesday. Wolfe Research raised shares of Welltower to a “strong-buy” rating in a report on Friday, August 9th. Finally, Evercore ISI lifted their price target on Welltower from $106.00 to $114.00 and gave the stock an “in-line” rating in a report on Monday, September 16th. Five investment analysts have rated the stock with a hold rating, seven have issued a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $115.38.

Welltower Stock Performance

Shares of NYSE WELL opened at $133.27 on Friday. The company has a debt-to-equity ratio of 0.51, a current ratio of 4.10 and a quick ratio of 4.07. The firm has a market cap of $82.99 billion, a price-to-earnings ratio of 87.68, a P/E/G ratio of 3.02 and a beta of 1.21. The stock’s fifty day moving average price is $127.41 and its two-hundred day moving average price is $112.36. Welltower Inc. has a one year low of $84.38 and a one year high of $139.80.

Welltower (NYSE:WELL) last released its quarterly earnings results on Monday, October 28th. The real estate investment trust reported $0.73 EPS for the quarter, missing the consensus estimate of $1.04 by ($0.31). Welltower had a net margin of 12.22% and a return on equity of 3.20%. The business had revenue of $2.06 billion during the quarter, compared to analyst estimates of $1.95 billion. During the same quarter last year, the company posted $0.92 earnings per share. The company’s revenue was up 23.7% on a year-over-year basis. On average, equities analysts forecast that Welltower Inc. will post 4.3 EPS for the current year.

Welltower Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, November 21st. Stockholders of record on Wednesday, November 13th will be given a $0.67 dividend. The ex-dividend date is Wednesday, November 13th. This represents a $2.68 dividend on an annualized basis and a dividend yield of 2.01%. Welltower’s payout ratio is 176.32%.

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.