State of New Jersey Common Pension Fund D Purchases 15,456 Shares of Welltower Inc. $WELL

State of New Jersey Common Pension Fund D lifted its position in Welltower Inc. (NYSE:WELL) by 3.4% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 468,752 shares of the real estate investment trust’s stock after purchasing an additional 15,456 shares during the quarter. State of New Jersey Common Pension Fund D owned about 0.07% of Welltower worth $72,061,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Wellington Management Group LLP increased its holdings in shares of Welltower by 14.0% in the first quarter. Wellington Management Group LLP now owns 21,289,684 shares of the real estate investment trust’s stock worth $3,261,792,000 after purchasing an additional 2,614,562 shares during the period. Price T Rowe Associates Inc. MD increased its stake in Welltower by 41.6% in the first quarter. Price T Rowe Associates Inc. MD now owns 8,923,852 shares of the real estate investment trust’s stock valued at $1,367,226,000 after acquiring an additional 2,622,384 shares during the last quarter. Northern Trust Corp increased its stake in Welltower by 0.4% in the first quarter. Northern Trust Corp now owns 8,467,221 shares of the real estate investment trust’s stock valued at $1,297,263,000 after acquiring an additional 36,725 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in Welltower by 7.0% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 8,164,840 shares of the real estate investment trust’s stock valued at $1,250,935,000 after acquiring an additional 532,135 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its stake in Welltower by 14.4% in the first quarter. Charles Schwab Investment Management Inc. now owns 6,956,594 shares of the real estate investment trust’s stock valued at $1,065,820,000 after acquiring an additional 877,856 shares during the last quarter. Institutional investors own 94.80% of the company’s stock.

Welltower Stock Performance

NYSE WELL opened at $178.04 on Friday. The company has a quick ratio of 4.19, a current ratio of 4.19 and a debt-to-equity ratio of 0.44. The company has a 50-day simple moving average of $170.05 and a two-hundred day simple moving average of $159.14. The firm has a market cap of $119.08 billion, a price-to-earnings ratio of 100.59, a PEG ratio of 1.97 and a beta of 0.92. Welltower Inc. has a 12-month low of $123.11 and a 12-month high of $180.40.

Welltower (NYSE:WELL) last posted its earnings results on Monday, July 28th. The real estate investment trust reported $1.28 earnings per share for the quarter, topping analysts’ consensus estimates of $1.22 by $0.06. The company had revenue of $2.55 billion during the quarter, compared to analyst estimates of $2.49 billion. Welltower had a net margin of 12.18% and a return on equity of 3.38%. Welltower’s revenue for the quarter was up 39.6% on a year-over-year basis. During the same period in the prior year, the business posted $1.05 earnings per share. Welltower has set its FY 2025 guidance at 5.060-5.14 EPS. On average, equities analysts forecast that Welltower Inc. will post 4.88 EPS for the current year.

Welltower Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, August 21st. Stockholders of record on Tuesday, August 12th were issued a dividend of $0.74 per share. This is an increase from Welltower’s previous quarterly dividend of $0.67. This represents a $2.96 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date was Tuesday, August 12th. Welltower’s dividend payout ratio (DPR) is currently 167.23%.

Analyst Ratings Changes

A number of research firms recently commented on WELL. Raymond James Financial reissued a “strong-buy” rating on shares of Welltower in a research note on Tuesday, September 2nd. Scotiabank increased their target price on Welltower from $181.00 to $182.00 and gave the company an “outperform” rating in a research note on Monday, October 6th. Cantor Fitzgerald assumed coverage on Welltower in a research note on Wednesday, October 1st. They issued an “overweight” rating and a $195.00 target price on the stock. National Bankshares set a $246.00 price target on shares of Welltower in a research report on Friday, October 17th. Finally, KeyCorp upped their price target on shares of Welltower from $150.00 to $200.00 and gave the company an “overweight” rating in a research report on Tuesday, September 23rd. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Welltower presently has a consensus rating of “Moderate Buy” and a consensus target price of $186.43.

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.