State of New Jersey Common Pension Fund D Purchases 8,707 Shares of Welltower Inc. (NYSE:WELL)

State of New Jersey Common Pension Fund D boosted its holdings in shares of Welltower Inc. (NYSE:WELL - Free Report) by 1.9% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 457,596 shares of the real estate investment trust's stock after purchasing an additional 8,707 shares during the quarter. State of New Jersey Common Pension Fund D owned about 0.07% of Welltower worth $58,586,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. lifted its holdings in shares of Welltower by 3.8% in the 1st 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 acquiring an additional 3,257,213 shares during the last quarter. Capital International Investors increased its position in shares of Welltower by 26.4% during the 1st 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 raised its holdings in Welltower by 0.8% during the 2nd 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 buying an additional 62,942 shares during the period. Centersquare Investment Management LLC lifted its position in Welltower by 19.0% in the first quarter. Centersquare Investment Management LLC now owns 5,329,248 shares of the real estate investment trust's stock worth $507,771,000 after buying an additional 849,898 shares during the last quarter. Finally, Russell Investments Group Ltd. boosted its stake 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 worth $414,229,000 after buying an additional 489,533 shares during the period. Institutional investors own 94.80% of the company's stock.

Analyst Ratings Changes

Several brokerages have recently weighed in on WELL. Royal Bank of Canada increased their target price on shares of Welltower from $101.00 to $114.00 and gave the company a "sector perform" rating in a research note on Friday, August 9th. Wells Fargo & Company reissued an "equal weight" rating and issued a $135.00 price objective (up from $134.00) on shares of Welltower in a research report on Tuesday, October 1st. Wolfe Research upgraded Welltower to a "strong-buy" rating in a research report on Friday, August 9th. Wedbush upped their target price on Welltower from $100.00 to $120.00 and gave the company a "neutral" rating in a research note on Monday, August 5th. Finally, Scotiabank raised their price target on Welltower from $121.00 to $133.00 and gave the stock a "sector outperform" rating in a research note on Monday, September 23rd. Five research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Welltower currently has an average rating of "Moderate Buy" and an average target price of $116.68.

Welltower Stock Up 0.9 %

Shares of WELL stock traded up $1.28 during mid-day trading on Friday, hitting $138.20. The stock had a trading volume of 2,485,014 shares, compared to its average volume of 2,305,937. Welltower Inc. has a 12-month low of $84.38 and a 12-month high of $140.19. The company has a debt-to-equity ratio of 0.51, a current ratio of 4.10 and a quick ratio of 4.10. The firm's 50-day moving average is $128.94 and its two-hundred day moving average is $114.08. The firm has a market capitalization of $86.06 billion, a P/E ratio of 90.92, a price-to-earnings-growth ratio of 2.99 and a beta of 1.20.

Welltower (NYSE:WELL - Get Free Report) last released 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 business had revenue of $2.06 billion during the quarter, compared to analysts' expectations of $1.95 billion. Welltower had a return on equity of 3.20% and a net margin of 12.22%. The firm's revenue was up 23.7% compared to the same quarter last year. During the same period last year, the company earned $0.92 earnings per share. On average, analysts predict that Welltower Inc. will post 4.31 earnings per share for the current fiscal year.

Welltower Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, November 21st. Shareholders of record on Wednesday, November 13th will be issued a dividend of $0.67 per share. The ex-dividend date of this dividend is Wednesday, November 13th. This represents a $2.68 dividend on an annualized basis and a yield of 1.94%. Welltower's dividend payout ratio is currently 176.32%.

About Welltower

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.