California Public Employees Retirement System Cuts Holdings in Welltower Inc. $WELL

California Public Employees Retirement System lessened its position in shares of Welltower Inc. (NYSE:WELL) by 4.5% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,749,978 shares of the real estate investment trust’s stock after selling 82,243 shares during the period. California Public Employees Retirement System’s holdings in Welltower were worth $269,024,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. SouthState Corp increased its position in Welltower by 704.8% during the 1st quarter. SouthState Corp now owns 169 shares of the real estate investment trust’s stock worth $26,000 after purchasing an additional 148 shares in the last quarter. Wealth Preservation Advisors LLC purchased a new stake in Welltower during the first quarter worth approximately $27,000. WPG Advisers LLC acquired a new stake in shares of Welltower in the first quarter worth $34,000. Saudi Central Bank purchased a new position in shares of Welltower in the 1st quarter valued at $38,000. Finally, Truvestments Capital LLC acquired a new position in shares of Welltower during the 1st quarter valued at $41,000. 94.80% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the company. National Bankshares set a $246.00 price target on Welltower in a report on Friday, October 17th. Wall Street Zen upgraded Welltower from a “sell” rating to a “hold” rating in a research note on Saturday, November 22nd. Scotiabank boosted their price target on Welltower from $182.00 to $214.00 and gave the stock a “sector outperform” rating in a research report on Thursday, November 13th. Wells Fargo & Company upped their price target on Welltower from $200.00 to $218.00 and gave the stock an “overweight” rating in a report on Tuesday, November 25th. Finally, Evercore ISI lifted their price objective on shares of Welltower from $175.00 to $183.00 and gave the company an “in-line” rating in a research note on Monday, September 15th. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Welltower has a consensus rating of “Moderate Buy” and a consensus price target of $195.87.

Welltower Trading Up 0.2%

WELL opened at $204.33 on Friday. Welltower Inc. has a 12-month low of $123.11 and a 12-month high of $209.05. The company has a debt-to-equity ratio of 0.43, a current ratio of 5.47 and a quick ratio of 5.47. The stock has a market capitalization of $140.24 billion, a PE ratio of 140.92, a P/E/G ratio of 1.62 and a beta of 0.84. The firm’s fifty day moving average price is $186.05 and its 200 day moving average price is $169.23.

Welltower (NYSE:WELL) last announced its quarterly earnings data on Monday, October 27th. The real estate investment trust reported $1.34 earnings per share for the quarter, topping the consensus estimate of $1.30 by $0.04. The company had revenue of $2.69 billion during the quarter, compared to analyst estimates of $2.70 billion. Welltower had a net margin of 9.69% and a return on equity of 2.71%. The firm’s revenue for the quarter was up 30.7% compared to the same quarter last year. During the same period last year, the business earned $1.11 EPS. Welltower has set its FY 2025 guidance at 5.240-5.300 EPS. As a group, research analysts expect that Welltower Inc. will post 4.88 EPS for the current fiscal year.

Welltower Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, November 20th. Shareholders of record on Tuesday, November 11th were paid a dividend of $0.74 per share. The ex-dividend date was Monday, November 10th. This represents a $2.96 annualized dividend and a yield of 1.4%. Welltower’s dividend payout ratio is presently 204.14%.

Welltower Company 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.