Retirement Systems of Alabama Buys 9,365 Shares of Welltower Inc. $WELL

Retirement Systems of Alabama grew its stake in shares of Welltower Inc. (NYSE:WELL) by 1.9% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 496,286 shares of the real estate investment trust’s stock after buying an additional 9,365 shares during the quarter. Retirement Systems of Alabama owned 0.07% of Welltower worth $88,408,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of WELL. Global Wealth Strategies & Associates bought a new position in Welltower in the 3rd quarter worth $36,000. Newbridge Financial Services Group Inc. lifted its stake in shares of Welltower by 39.5% in the 2nd quarter. Newbridge Financial Services Group Inc. now owns 307 shares of the real estate investment trust’s stock valued at $47,000 after purchasing an additional 87 shares during the period. Copia Wealth Management bought a new stake in shares of Welltower during the second quarter valued at approximately $51,000. NewSquare Capital LLC grew its stake in Welltower by 30.2% in the second quarter. NewSquare Capital LLC now owns 362 shares of the real estate investment trust’s stock worth $56,000 after purchasing an additional 84 shares during the period. Finally, Salomon & Ludwin LLC purchased a new position in Welltower during the third quarter valued at $59,000. 94.80% of the stock is currently owned by hedge funds and other institutional investors.

Welltower Stock Up 0.9%

Shares of WELL opened at $183.56 on Friday. The company has a quick ratio of 5.47, a current ratio of 5.47 and a debt-to-equity ratio of 0.43. Welltower Inc. has a 52-week low of $130.29 and a 52-week high of $209.05. The company has a market cap of $125.98 billion, a PE ratio of 126.60, a P/E/G ratio of 1.28 and a beta of 0.86. The business has a fifty day moving average of $192.23 and a 200 day moving average of $177.99.

Welltower (NYSE:WELL) last released its earnings results on Monday, October 27th. The real estate investment trust reported $1.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.30 by $0.04. Welltower had a net margin of 9.69% and a return on equity of 2.71%. The firm had revenue of $2.69 billion during the quarter, compared to analyst estimates of $2.70 billion. During the same quarter last year, the business earned $1.11 EPS. The business’s revenue 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 expect that Welltower Inc. will post 4.88 EPS for the current year.

Welltower Announces Dividend

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

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. Loop Capital set a $196.00 price target on shares of Welltower in a research report on Wednesday, October 29th. Scotiabank raised their price target on Welltower from $182.00 to $214.00 and gave the company a “sector outperform” rating in a report on Thursday, November 13th. Weiss Ratings reissued a “buy (b-)” rating on shares of Welltower in a research report on Monday, December 29th. Wall Street Zen raised Welltower from a “sell” rating to a “hold” rating in a research report on Friday. Finally, Wells Fargo & Company lifted their target price on Welltower from $200.00 to $218.00 and gave the stock an “overweight” rating in a report on Tuesday, November 25th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Welltower has an average rating of “Moderate Buy” and a consensus price target of $204.80.

Welltower Company 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.