New York State Common Retirement Fund Trims Stock Position in Welltower Inc. (NYSE:WELL)

New York State Common Retirement Fund reduced its position in Welltower Inc. (NYSE:WELL - Free Report) by 2.0% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 743,365 shares of the real estate investment trust's stock after selling 14,800 shares during the quarter. New York State Common Retirement Fund owned about 0.12% of Welltower worth $95,173,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Vanguard Group Inc. lifted its position in Welltower by 3.8% during the first quarter. Vanguard Group Inc. now owns 89,187,884 shares of the real estate investment trust's stock valued at $8,333,716,000 after purchasing an additional 3,257,213 shares during the last quarter. Capital International Investors lifted its position in Welltower by 26.4% during the first quarter. Capital International Investors now owns 29,236,326 shares of the real estate investment trust's stock valued at $2,731,842,000 after purchasing an additional 6,104,064 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in Welltower by 0.8% during the second quarter. Dimensional Fund Advisors LP now owns 7,814,741 shares of the real estate investment trust's stock valued at $814,678,000 after purchasing an additional 62,942 shares during the last quarter. Centersquare Investment Management LLC lifted its position in Welltower by 19.0% during the first quarter. Centersquare Investment Management LLC now owns 5,329,248 shares of the real estate investment trust's stock valued at $507,771,000 after purchasing an additional 849,898 shares during the last quarter. Finally, Russell Investments Group Ltd. lifted its position in Welltower by 12.4% during the first quarter. Russell Investments Group Ltd. now owns 4,433,816 shares of the real estate investment trust's stock valued at $414,229,000 after purchasing an additional 489,533 shares during the last quarter. 94.80% of the stock is currently owned by institutional investors.

Welltower Trading Down 1.2 %

Shares of NYSE WELL traded down $1.61 during mid-day trading on Friday, hitting $133.27. The stock had a trading volume of 2,217,140 shares, compared to its average volume of 2,687,956. The company has a debt-to-equity ratio of 0.51, a quick ratio of 4.07 and a current ratio of 4.10. Welltower Inc. has a 1 year low of $84.38 and a 1 year high of $139.80. The business has a 50 day moving average price of $127.41 and a two-hundred day moving average price of $112.53. The firm has a market cap of $82.99 billion, a P/E ratio of 87.68, a price-to-earnings-growth ratio of 3.02 and a beta of 1.21.

Welltower (NYSE:WELL - Get Free Report) last issued its earnings results on Monday, October 28th. The real estate investment trust reported $0.73 EPS for the quarter, missing the consensus estimate of $1.04 by ($0.31). Welltower had a return on equity of 3.20% and a net margin of 12.22%. The firm had revenue of $2.06 billion during the quarter, compared to analysts' expectations of $1.95 billion. During the same period in the previous year, the firm earned $0.92 earnings per share. The firm's quarterly revenue was up 23.7% compared to the same quarter last year. On average, equities analysts anticipate that Welltower Inc. will post 4.3 EPS for the current fiscal year.

Welltower Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, November 21st. Shareholders of record on Wednesday, November 13th will be given a dividend of $0.67 per share. This represents a $2.68 dividend on an annualized basis and a yield of 2.01%. The ex-dividend date is Wednesday, November 13th. Welltower's payout ratio is currently 176.32%.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on WELL. Wells Fargo & Company reiterated an "equal weight" rating and set a $135.00 target price (up from $134.00) on shares of Welltower in a research report on Tuesday, October 1st. StockNews.com upgraded shares of Welltower from a "sell" rating to a "hold" rating in a research report on Wednesday. Morgan Stanley lifted their target price on shares of Welltower from $103.00 to $107.50 and gave the company an "overweight" rating in a research report on Thursday, July 11th. Wedbush lifted their price target on shares of Welltower from $100.00 to $120.00 and gave the stock a "neutral" rating in a research note on Monday, August 5th. Finally, Deutsche Bank Aktiengesellschaft lifted their price target on shares of Welltower from $115.00 to $137.00 and gave the stock a "buy" rating in a research note on Wednesday, August 21st. Five analysts have rated the stock with a hold rating, seven have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, Welltower has a consensus rating of "Moderate Buy" and an average price target of $115.38.

Welltower 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.