State of Tennessee Department of Treasury Reduces Holdings in Welltower Inc. (NYSE:WELL)

State of Tennessee Department of Treasury reduced its stake in shares of Welltower Inc. (NYSE:WELL - Free Report) by 1.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 215,404 shares of the real estate investment trust's stock after selling 2,147 shares during the period. State of Tennessee Department of Treasury's holdings in Welltower were worth $27,147,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Retirement Systems of Alabama boosted its holdings in Welltower by 3.7% in the third quarter. Retirement Systems of Alabama now owns 470,419 shares of the real estate investment trust's stock valued at $60,228,000 after purchasing an additional 16,946 shares during the last quarter. Vestmark Advisory Solutions Inc. lifted its holdings in shares of Welltower by 120.3% in the 4th quarter. Vestmark Advisory Solutions Inc. now owns 14,417 shares of the real estate investment trust's stock valued at $1,817,000 after buying an additional 7,872 shares during the period. Barclays PLC boosted its stake in shares of Welltower by 29.2% in the third quarter. Barclays PLC now owns 1,684,446 shares of the real estate investment trust's stock worth $215,659,000 after buying an additional 380,888 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Welltower by 30.7% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 544,838 shares of the real estate investment trust's stock worth $68,666,000 after acquiring an additional 128,090 shares during the period. Finally, Park Avenue Securities LLC raised its position in Welltower by 20.1% during the fourth quarter. Park Avenue Securities LLC now owns 13,456 shares of the real estate investment trust's stock valued at $1,696,000 after acquiring an additional 2,250 shares in the last quarter. 94.80% of the stock is owned by hedge funds and other institutional investors.

Welltower Price Performance

Shares of NYSE WELL traded down $0.77 during mid-day trading on Friday, reaching $146.98. The company's stock had a trading volume of 1,530,970 shares, compared to its average volume of 2,866,156. The stock has a 50-day moving average of $148.08 and a two-hundred day moving average of $138.07. The company has a debt-to-equity ratio of 0.48, a quick ratio of 4.22 and a current ratio of 4.22. The stock has a market capitalization of $95.76 billion, a P/E ratio of 94.22, a P/E/G ratio of 2.87 and a beta of 0.93. Welltower Inc. has a 1-year low of $92.73 and a 1-year high of $158.55.

Welltower (NYSE:WELL - Get Free Report) last released its earnings results on Tuesday, February 11th. The real estate investment trust reported $1.13 earnings per share for the quarter, topping analysts' consensus estimates of $0.40 by $0.73. Welltower had a net margin of 11.91% and a return on equity of 3.15%. On average, equities research analysts anticipate that Welltower Inc. will post 4.88 EPS for the current fiscal year.

Welltower Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, March 6th. Shareholders of record on Tuesday, February 25th were issued a $0.67 dividend. This represents a $2.68 annualized dividend and a yield of 1.82%. The ex-dividend date was Tuesday, February 25th. Welltower's payout ratio is currently 171.79%.

Wall Street Analysts Forecast Growth

WELL has been the topic of several recent research reports. Mizuho upped their price objective on Welltower from $141.00 to $170.00 and gave the stock an "outperform" rating in a research report on Tuesday, March 18th. StockNews.com upgraded shares of Welltower from a "sell" rating to a "hold" rating in a research report on Friday, April 18th. Scotiabank upped their price objective on shares of Welltower from $165.00 to $166.00 and gave the stock a "sector outperform" rating in a research report on Thursday, March 6th. Wedbush restated an "underperform" rating on shares of Welltower in a research report on Thursday, April 17th. Finally, Evercore ISI increased their price target on Welltower from $144.00 to $145.00 and gave the stock an "in-line" rating in a research report on Tuesday, March 4th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, eight have given a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $156.46.

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.