California Public Employees Retirement System Has $209.36 Million Stake in Welltower Inc. (NYSE:WELL)

California Public Employees Retirement System increased its stake in shares of Welltower Inc. (NYSE:WELL) by 61.4% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 1,661,201 shares of the real estate investment trust’s stock after acquiring an additional 632,143 shares during the period. California Public Employees Retirement System owned 0.27% of Welltower worth $209,361,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Roxbury Financial LLC bought a new stake in Welltower during the fourth quarter valued at about $26,000. Laurel Wealth Advisors LLC bought a new stake in Welltower during the 4th quarter valued at approximately $25,000. Sierra Ocean LLC acquired a new stake in Welltower in the 4th quarter valued at approximately $28,000. Versant Capital Management Inc increased its position in Welltower by 165.5% in the 4th quarter. Versant Capital Management Inc now owns 300 shares of the real estate investment trust’s stock worth $38,000 after buying an additional 187 shares during the period. Finally, First Command Advisory Services Inc. acquired a new position in shares of Welltower during the fourth quarter worth approximately $50,000. 94.80% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

WELL has been the topic of a number of research reports. Scotiabank boosted their target price on shares of Welltower from $165.00 to $166.00 and gave the stock a “sector outperform” rating in a research report on Thursday, March 6th. Mizuho upped their price target on Welltower from $141.00 to $170.00 and gave the company an “outperform” rating in a report on Tuesday, March 18th. Raymond James raised their target price on Welltower from $145.00 to $155.00 and gave the stock a “strong-buy” rating in a research report on Monday, December 16th. Royal Bank of Canada raised shares of Welltower from a “sector perform” rating to an “outperform” rating and boosted their price target for the company from $146.00 to $168.00 in a report on Friday, February 28th. Finally, Jefferies Financial Group raised shares of Welltower from a “hold” rating to a “buy” rating and upped their target price for the company from $132.00 to $147.00 in a research note on Thursday, January 2nd. One analyst has rated the stock with a sell rating, two have assigned a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $156.46.

Welltower Price Performance

Welltower stock opened at $153.39 on Monday. The business’s fifty day moving average is $145.78 and its two-hundred day moving average is $135.61. The company has a debt-to-equity ratio of 0.48, a quick ratio of 4.22 and a current ratio of 4.22. The firm has a market cap of $98.37 billion, a P/E ratio of 98.33, a P/E/G ratio of 2.87 and a beta of 1.20. Welltower Inc. has a 52 week low of $87.87 and a 52 week high of $158.55.

Welltower (NYSE:WELL) last issued its quarterly earnings results on Tuesday, February 11th. The real estate investment trust reported $1.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.40 by $0.73. Welltower had a net margin of 11.91% and a return on equity of 3.15%. Equities research analysts forecast that Welltower Inc. will post 4.88 earnings per share for the current fiscal year.

Welltower Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 6th. Investors of record on Tuesday, February 25th were given a $0.67 dividend. This represents a $2.68 annualized dividend and a yield of 1.75%. The ex-dividend date was Tuesday, February 25th. Welltower’s dividend payout ratio (DPR) is presently 171.79%.

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.