Public Sector Pension Investment Board Has $13.02 Million Stock Holdings in Welltower Inc. (NYSE:WELL)

Public Sector Pension Investment Board boosted its holdings in shares of Welltower Inc. (NYSE:WELL) by 17.7% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 101,662 shares of the real estate investment trust’s stock after acquiring an additional 15,313 shares during the period. Public Sector Pension Investment Board’s holdings in Welltower were worth $13,016,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of WELL. First Foundation Advisors purchased a new stake in shares of Welltower in the second quarter valued at about $26,000. TruNorth Capital Management LLC bought a new position in Welltower during the second quarter worth about $27,000. Meeder Asset Management Inc. bought a new position in Welltower during the second quarter worth about $30,000. Centerpoint Advisors LLC bought a new position in Welltower during the second quarter worth about $31,000. Finally, Fortitude Family Office LLC boosted its position in 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 during the period. Institutional investors and hedge funds own 94.80% of the company’s stock.

Welltower Stock Performance

Shares of Welltower stock opened at $139.30 on Friday. The firm has a market cap of $86.74 billion, a P/E ratio of 91.64, a P/E/G ratio of 3.04 and a beta of 1.20. The company has a current ratio of 4.10, a quick ratio of 4.10 and a debt-to-equity ratio of 0.51. Welltower Inc. has a 12 month low of $85.40 and a 12 month high of $140.75. The stock’s fifty day moving average price is $131.98 and its 200-day moving average price is $117.95.

Welltower (NYSE:WELL) last announced its quarterly earnings results on Monday, October 28th. The real estate investment trust reported $0.73 EPS for the quarter, missing the consensus estimate of $1.04 by ($0.31). Welltower had a net margin of 12.22% and a return on equity of 3.20%. The firm had revenue of $2.06 billion for the quarter, compared to analysts’ expectations of $1.95 billion. During the same quarter in the prior year, the business posted $0.92 EPS. The business’s quarterly revenue was up 23.7% on a year-over-year basis. On average, equities research analysts expect that Welltower Inc. will post 4.3 earnings per share for the current fiscal year.

Welltower Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, November 21st. Shareholders of record on Wednesday, November 13th were paid a $0.67 dividend. The ex-dividend date was Wednesday, November 13th. This represents a $2.68 annualized dividend and a yield of 1.92%. Welltower’s dividend payout ratio (DPR) is presently 176.32%.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on WELL shares. Wedbush boosted their price target on Welltower from $100.00 to $120.00 and gave the company a “neutral” rating in a research note on Monday, August 5th. Wolfe Research upgraded Welltower to a “strong-buy” rating in a research note on Friday, August 9th. Royal Bank of Canada boosted their price target on Welltower from $101.00 to $114.00 and gave the company a “sector perform” rating in a research note on Friday, August 9th. Evercore ISI boosted their price target on Welltower from $106.00 to $114.00 and gave the company an “in-line” rating in a research note on Monday, September 16th. Finally, Deutsche Bank Aktiengesellschaft boosted their price objective on Welltower from $115.00 to $137.00 and gave the company a “buy” rating in a research note on Wednesday, August 21st. Five investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $117.50.

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.