Welltower Inc. (NYSE:WELL) Shares Bought by Teachers Retirement System of The State of Kentucky

Teachers Retirement System of The State of Kentucky increased its position in Welltower Inc. (NYSE:WELL) by 2.4% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 121,278 shares of the real estate investment trust’s stock after acquiring an additional 2,878 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in Welltower were worth $12,643,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Cetera Investment Advisers raised its holdings in shares of Welltower by 4.3% in the second quarter. Cetera Investment Advisers now owns 85,691 shares of the real estate investment trust’s stock worth $8,933,000 after acquiring an additional 3,517 shares during the last quarter. Point72 Asset Management L.P. purchased a new position in Welltower in the 2nd quarter valued at about $1,389,000. Quarry LP boosted its stake in shares of Welltower by 198.4% during the 2nd quarter. Quarry LP now owns 1,710 shares of the real estate investment trust’s stock worth $178,000 after purchasing an additional 1,137 shares during the last quarter. NewEdge Advisors LLC raised its position in shares of Welltower by 9.6% in the second quarter. NewEdge Advisors LLC now owns 9,641 shares of the real estate investment trust’s stock valued at $1,005,000 after buying an additional 848 shares during the last quarter. Finally, Silver Lake Advisory LLC purchased a new position in shares of Welltower during the second quarter valued at approximately $325,000. 94.80% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. StockNews.com upgraded Welltower from a “sell” rating to a “hold” rating in a report on Saturday, August 3rd. Wolfe Research raised shares of Welltower to a “strong-buy” rating in a research note on Friday, August 9th. Deutsche Bank Aktiengesellschaft upped their price objective on Welltower from $115.00 to $137.00 and gave the stock a “buy” rating in a report on Wednesday, August 21st. Scotiabank lifted their target price on Welltower from $121.00 to $133.00 and gave the company a “sector outperform” rating in a report on Monday, September 23rd. Finally, Morgan Stanley lifted their price objective on Welltower from $103.00 to $107.50 and gave the company an “overweight” rating in a research note on Thursday, July 11th. Five investment analysts have rated the stock with a hold rating, seven have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $115.38.

Welltower Price Performance

WELL stock opened at $127.65 on Wednesday. The stock’s 50 day moving average is $120.44 and its two-hundred day moving average is $106.52. Welltower Inc. has a 52-week low of $78.38 and a 52-week high of $131.31. The company has a market capitalization of $76.32 billion, a PE ratio of 157.59, a P/E/G ratio of 2.97 and a beta of 1.21. The company has a quick ratio of 4.07, a current ratio of 4.07 and a debt-to-equity ratio of 0.47.

Welltower (NYSE:WELL) last posted its quarterly earnings results on Monday, July 29th. The real estate investment trust reported $0.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.34 by $0.08. The firm had revenue of $1.82 billion for the quarter, compared to analysts’ expectations of $1.89 billion. Welltower had a net margin of 8.36% and a return on equity of 2.21%. The firm’s quarterly revenue was up 9.6% on a year-over-year basis. During the same period in the prior year, the company posted $0.90 earnings per share. Analysts predict that Welltower Inc. will post 4.19 earnings per share for the current fiscal year.

Welltower Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, August 21st. Stockholders of record on Monday, August 12th were issued a $0.67 dividend. The ex-dividend date of this dividend was Monday, August 12th. This is a positive change from Welltower’s previous quarterly dividend of $0.61. This represents a $2.68 annualized dividend and a dividend yield of 2.10%. Welltower’s payout ratio is 330.86%.

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.