Public Employees Retirement System of Ohio Decreases Stock Position in Welltower Inc. (NYSE:WELL)

Public Employees Retirement System of Ohio decreased its holdings in Welltower Inc. (NYSE:WELL - Free Report) by 1.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,094,781 shares of the real estate investment trust's stock after selling 17,831 shares during the quarter. Welltower accounts for about 0.6% of Public Employees Retirement System of Ohio's holdings, making the stock its 24th biggest holding. Public Employees Retirement System of Ohio owned about 0.18% of Welltower worth $140,165,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. First Foundation Advisors purchased a new position in Welltower in the second quarter worth approximately $26,000. TruNorth Capital Management LLC purchased a new position in Welltower in the second quarter worth approximately $27,000. Meeder Asset Management Inc. purchased a new position in Welltower in the second quarter worth approximately $30,000. Centerpoint Advisors LLC acquired a new stake in Welltower during the second quarter worth approximately $31,000. Finally, Fortitude Family Office LLC raised its holdings in Welltower by 37.0% during the third quarter. Fortitude Family Office LLC now owns 289 shares of the real estate investment trust's stock worth $37,000 after purchasing an additional 78 shares in the last quarter. Hedge funds and other institutional investors own 94.80% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on WELL shares. Mizuho raised their price objective on shares of Welltower from $136.00 to $141.00 and gave the stock an "outperform" rating in a report on Thursday. Wells Fargo & Company reissued an "equal weight" rating and set a $135.00 price objective (up previously from $134.00) on shares of Welltower in a report on Tuesday, October 1st. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Welltower from $115.00 to $137.00 and gave the stock a "buy" rating in a report on Wednesday, August 21st. StockNews.com raised shares of Welltower from a "sell" rating to a "hold" rating in a report on Wednesday, October 30th. Finally, Evercore ISI raised their price objective on shares of Welltower from $106.00 to $114.00 and gave the stock an "in-line" rating in a report on Monday, September 16th. Five analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $120.77.

Welltower Stock Performance

NYSE:WELL traded down $1.81 during midday trading on Monday, reaching $129.56. The stock had a trading volume of 2,041,324 shares, compared to its average volume of 2,687,615. The firm has a fifty day simple moving average of $132.74 and a two-hundred day simple moving average of $119.59. Welltower Inc. has a 12-month low of $85.40 and a 12-month high of $140.75. The company has a quick ratio of 4.10, a current ratio of 4.10 and a debt-to-equity ratio of 0.51. The stock has a market cap of $80.68 billion, a P/E ratio of 86.13, a P/E/G ratio of 2.95 and a beta of 1.20.

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

Welltower Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, November 21st. Shareholders of record on Wednesday, November 13th were given a dividend of $0.67 per share. The ex-dividend date of this dividend was Wednesday, November 13th. This represents a $2.68 annualized dividend and a dividend yield of 2.07%. Welltower's payout ratio is currently 176.32%.

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.