State of Alaska Department of Revenue Purchases 2,039 Shares of Welltower Inc. (NYSE:WELL)

State of Alaska Department of Revenue boosted its position in Welltower Inc. (NYSE:WELL) by 0.6% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 357,099 shares of the real estate investment trust’s stock after purchasing an additional 2,039 shares during the quarter. Welltower comprises 0.5% of State of Alaska Department of Revenue’s investment portfolio, making the stock its 25th biggest position. State of Alaska Department of Revenue owned about 0.06% of Welltower worth $45,718,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. First Foundation Advisors purchased a new position in shares of Welltower during the second quarter worth about $26,000. TruNorth Capital Management LLC bought a new position in shares of Welltower in the 2nd quarter worth $27,000. Meeder Asset Management Inc. purchased a new stake in shares of Welltower during the 2nd quarter valued at $30,000. Centerpoint Advisors LLC bought a new stake in shares of Welltower during the 2nd quarter worth $31,000. Finally, Manchester Capital Management LLC grew its position in Welltower by 338.7% in the first quarter. Manchester Capital Management LLC now owns 329 shares of the real estate investment trust’s stock worth $31,000 after acquiring an additional 254 shares in the last quarter. 94.80% of the stock is owned by institutional investors.

Welltower Price Performance

Shares of Welltower stock opened at $130.20 on Friday. The firm has a market cap of $79.31 billion, a PE ratio of 126.41, a price-to-earnings-growth ratio of 2.91 and a beta of 1.21. The company’s fifty day simple moving average is $125.63 and its two-hundred day simple moving average is $110.95. The company has a quick ratio of 4.07, a current ratio of 4.07 and a debt-to-equity ratio of 0.47. Welltower Inc. has a 12-month low of $80.80 and a 12-month high of $132.66.

Welltower (NYSE:WELL) last released its quarterly earnings results on Monday, July 29th. The real estate investment trust reported $0.42 EPS for the quarter, beating analysts’ consensus estimates of $0.34 by $0.08. The business had revenue of $1.82 billion during the quarter, compared to analyst estimates of $1.89 billion. Welltower had a return on equity of 2.21% and a net margin of 8.36%. Welltower’s quarterly revenue was up 9.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.90 EPS. As a group, equities analysts expect that Welltower Inc. will post 4.19 EPS for the current year.

Welltower Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, August 21st. Investors of record on Monday, August 12th were issued a $0.67 dividend. The ex-dividend date was Monday, August 12th. This represents a $2.68 annualized dividend and a yield of 2.06%. This is a boost from Welltower’s previous quarterly dividend of $0.61. Welltower’s payout ratio is 260.20%.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the company. Royal Bank of Canada increased their target price on Welltower from $101.00 to $114.00 and gave the company a “sector perform” rating in a research note on Friday, August 9th. Morgan Stanley increased their price objective on Welltower from $103.00 to $107.50 and gave the company an “overweight” rating in a research report on Thursday, July 11th. Wedbush boosted their target price on Welltower from $100.00 to $120.00 and gave the stock a “neutral” rating in a research report on Monday, August 5th. Evercore ISI increased their price target on shares of Welltower from $106.00 to $114.00 and gave the company an “in-line” rating in a research report on Monday, September 16th. 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. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, seven have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price 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.