New York State Teachers Retirement System Boosts Stock Holdings in Welltower Inc. $WELL

New York State Teachers Retirement System boosted its stake in Welltower Inc. (NYSE:WELL) by 1.0% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 466,559 shares of the real estate investment trust’s stock after purchasing an additional 4,585 shares during the quarter. New York State Teachers Retirement System’s holdings in Welltower were worth $83,113,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in WELL. Norges Bank purchased a new stake in Welltower in the 2nd quarter worth about $4,903,554,000. State Street Corp increased its stake in Welltower by 4.6% in the second quarter. State Street Corp now owns 39,616,289 shares of the real estate investment trust’s stock worth $6,090,212,000 after purchasing an additional 1,740,196 shares during the period. Balyasny Asset Management L.P. lifted its position in shares of Welltower by 241.5% during the second quarter. Balyasny Asset Management L.P. now owns 1,241,145 shares of the real estate investment trust’s stock worth $190,801,000 after purchasing an additional 877,725 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of Welltower by 5.1% during the second quarter. Geode Capital Management LLC now owns 15,012,454 shares of the real estate investment trust’s stock valued at $2,303,484,000 after purchasing an additional 723,887 shares during the period. Finally, Congress Asset Management Co. bought a new position in shares of Welltower in the second quarter worth about $88,986,000. Hedge funds and other institutional investors own 94.80% of the company’s stock.

Welltower Stock Performance

Shares of NYSE:WELL opened at $186.12 on Friday. The firm has a 50 day moving average of $192.61 and a 200 day moving average of $175.57. The company has a quick ratio of 5.47, a current ratio of 5.47 and a debt-to-equity ratio of 0.43. The company has a market capitalization of $127.74 billion, a price-to-earnings ratio of 128.36, a price-to-earnings-growth ratio of 1.31 and a beta of 0.86. Welltower Inc. has a 52 week low of $123.11 and a 52 week high of $209.05.

Welltower (NYSE:WELL) last announced its earnings results 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. Welltower had a return on equity of 2.71% and a net margin of 9.69%.The business had revenue of $2.69 billion for the quarter, compared to analysts’ expectations of $2.70 billion. During the same quarter last year, the firm earned $1.11 EPS. The business’s revenue for the quarter was up 30.7% on a year-over-year basis. Welltower has set its FY 2025 guidance at 5.240-5.300 EPS. On average, sell-side analysts predict that Welltower Inc. will post 4.88 earnings per share for the current fiscal year.

Welltower Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, November 20th. Shareholders of record on Tuesday, November 11th were issued a $0.74 dividend. The ex-dividend date was Monday, November 10th. This represents a $2.96 dividend on an annualized basis and a yield of 1.6%. Welltower’s payout ratio is currently 204.14%.

Analyst Ratings Changes

Several equities research analysts have issued reports on WELL shares. National Bankshares set a $246.00 price objective on shares of Welltower in a research report on Friday, October 17th. Evercore ISI boosted their price target on Welltower from $175.00 to $183.00 and gave the company an “in-line” rating in a report on Monday, September 15th. Scotiabank increased their price objective on Welltower from $182.00 to $214.00 and gave the stock a “sector outperform” rating in a research note on Thursday, November 13th. Loop Capital set a $196.00 target price on Welltower in a research report on Wednesday, October 29th. Finally, Cantor Fitzgerald reiterated an “overweight” rating and issued a $204.00 target price on shares of Welltower in a report on Monday, January 5th. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $204.80.

Welltower Profile

Welltower Inc (NYSE: WELL) is a real estate investment trust (REIT) that acquires and manages real estate serving the health care industry. The company specializes in healthcare infrastructure, owning and operating a diversified portfolio of senior housing, post-acute and long-term care communities, and outpatient medical properties. Welltower’s assets are designed to support the delivery of health care services through a combination of leased properties, joint ventures, and other capital arrangements with health care operators and providers.

The company’s property types include assisted living, memory care, independent living and skilled nursing facilities, as well as medical office buildings and other outpatient-care real estate such as ambulatory surgery centers and specialty clinics.