State of Alaska Department of Revenue Has $71.13 Million Stock Holdings in Welltower Inc. $WELL

State of Alaska Department of Revenue lifted its position in shares of Welltower Inc. (NYSE:WELL) by 2.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 399,291 shares of the real estate investment trust’s stock after buying an additional 8,759 shares during the quarter. Welltower comprises about 0.7% of State of Alaska Department of Revenue’s holdings, making the stock its 13th largest position. State of Alaska Department of Revenue owned 0.06% of Welltower worth $71,128,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in WELL. State Street Corp lifted its holdings in shares of Welltower by 4.6% in the 2nd 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 in the last quarter. Norges Bank bought a new stake in Welltower during the second quarter worth $4,903,554,000. Geode Capital Management LLC lifted its stake in Welltower by 5.1% during the 2nd 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 acquiring an additional 723,887 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in Welltower by 1.9% during the 2nd quarter. JPMorgan Chase & Co. now owns 7,898,391 shares of the real estate investment trust’s stock valued at $1,214,232,000 after acquiring an additional 149,724 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its holdings in Welltower by 5.4% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 7,329,291 shares of the real estate investment trust’s stock worth $1,126,732,000 after acquiring an additional 372,697 shares during the last quarter. 94.80% of the stock is owned by institutional investors and hedge funds.

Welltower Stock Up 0.4%

Shares of NYSE WELL opened at $186.31 on Friday. The company has a current ratio of 5.47, a quick ratio of 5.47 and a debt-to-equity ratio of 0.43. The business has a 50-day moving average of $192.51 and a 200-day moving average of $175.20. The firm has a market capitalization of $127.87 billion, a price-to-earnings ratio of 128.49, a PEG ratio of 1.31 and a beta of 0.86. Welltower Inc. has a 12 month low of $123.11 and a 12 month high of $209.05.

Welltower (NYSE:WELL) last released its quarterly earnings results on Monday, October 27th. The real estate investment trust reported $1.34 earnings per share for the quarter, beating analysts’ consensus estimates 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 the consensus estimate of $2.70 billion. During the same quarter last year, the business posted $1.11 earnings per share. The company’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. Sell-side analysts expect that Welltower Inc. will post 4.88 earnings per share for the current fiscal year.

Welltower Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 20th. Stockholders 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 annualized dividend and a dividend yield of 1.6%. Welltower’s payout ratio is currently 204.14%.

Wall Street Analyst Weigh In

WELL has been the topic of a number of research analyst reports. KeyCorp boosted their target price on Welltower from $150.00 to $200.00 and gave the stock an “overweight” rating in a research note on Tuesday, September 23rd. Cantor Fitzgerald restated an “overweight” rating and set a $204.00 price target on shares of Welltower in a research note on Monday. UBS Group decreased their target price on Welltower from $232.00 to $228.00 and set a “buy” rating for the company in a research report on Thursday. National Bankshares set a $246.00 price target on Welltower in a research report on Friday, October 17th. Finally, Wells Fargo & Company upped their price objective on shares of Welltower from $200.00 to $218.00 and gave the company an “overweight” rating in a report on Tuesday, November 25th. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Welltower has an average rating of “Moderate Buy” and an average target price of $204.80.

About Welltower

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.