Welltower Inc. (NYSE:WELL) Shares Bought by State of New Jersey Common Pension Fund D

State of New Jersey Common Pension Fund D grew its holdings in Welltower Inc. (NYSE:WELL - Free Report) by 1.5% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 464,337 shares of the real estate investment trust's stock after buying an additional 6,741 shares during the quarter. State of New Jersey Common Pension Fund D owned 0.07% of Welltower worth $58,520,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Laurel Wealth Advisors LLC purchased a new stake in shares of Welltower during the fourth quarter worth approximately $25,000. Roxbury Financial LLC purchased a new stake in shares of Welltower during the fourth quarter worth approximately $26,000. Sierra Ocean LLC purchased a new stake in shares of Welltower during the fourth quarter worth approximately $28,000. Fortitude Family Office LLC increased its position in shares of 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. Finally, Versant Capital Management Inc increased its position in shares of Welltower by 165.5% during the fourth quarter. Versant Capital Management Inc now owns 300 shares of the real estate investment trust's stock worth $38,000 after purchasing an additional 187 shares in the last quarter. 94.80% of the stock is currently owned by hedge funds and other institutional investors.

Welltower Stock Down 0.7 %

Shares of WELL traded down $1.02 during mid-day trading on Wednesday, reaching $149.78. The company's stock had a trading volume of 1,408,024 shares, compared to its average volume of 2,566,107. Welltower Inc. has a 12-month low of $87.87 and a 12-month high of $152.81. The stock has a market cap of $96.06 billion, a PE ratio of 96.06, a price-to-earnings-growth ratio of 2.94 and a beta of 1.23. The company has a debt-to-equity ratio of 0.48, a current ratio of 4.22 and a quick ratio of 4.22. The company's 50 day moving average is $132.58 and its 200 day moving average is $129.60.

Welltower (NYSE:WELL - Get Free Report) last released its quarterly earnings data on Tuesday, February 11th. The real estate investment trust reported $1.13 EPS for the quarter, beating analysts' consensus estimates of $0.40 by $0.73. Welltower had a return on equity of 3.15% and a net margin of 11.91%. Equities analysts anticipate that Welltower Inc. will post 4.87 EPS for the current fiscal year.

Welltower Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 6th. Investors of record on Tuesday, February 25th will be paid a dividend of $0.67 per share. The ex-dividend date of this dividend is Tuesday, February 25th. This represents a $2.68 dividend on an annualized basis and a yield of 1.79%. Welltower's dividend payout ratio is presently 171.79%.

Wall Street Analysts Forecast Growth

WELL has been the topic of a number of recent research reports. Wedbush raised Welltower from a "neutral" rating to an "outperform" rating and boosted their price objective for the stock from $145.00 to $167.00 in a research note on Friday, February 14th. Bank of America upped their price target on Welltower from $221.00 to $242.00 and gave the company a "buy" rating in a research note on Tuesday. StockNews.com lowered Welltower from a "hold" rating to a "sell" rating in a research note on Thursday, February 13th. Scotiabank upped their price target on Welltower from $142.00 to $144.00 and gave the company a "sector outperform" rating in a research note on Monday, January 27th. Finally, Raymond James upped their price target on Welltower from $145.00 to $155.00 and gave the company a "strong-buy" rating in a research note on Monday, December 16th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, nine have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $140.19.

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.