Welltower Inc. (NYSE:WELL) Shares Purchased by Oregon Public Employees Retirement Fund

Oregon Public Employees Retirement Fund grew its holdings in shares of Welltower Inc. (NYSE:WELL) by 8.5% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 51,360 shares of the real estate investment trust’s stock after purchasing an additional 4,010 shares during the period. Oregon Public Employees Retirement Fund’s holdings in Welltower were worth $5,354,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Rise Advisors LLC acquired a new position in Welltower during the 1st quarter valued at approximately $27,000. TruNorth Capital Management LLC acquired a new position in shares of Welltower during the second quarter valued at $27,000. Manchester Capital Management LLC grew its position in shares of Welltower by 338.7% during 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 during the last quarter. Centerpoint Advisors LLC acquired a new stake in shares of Welltower in the 2nd quarter worth about $31,000. Finally, Scarborough Advisors LLC acquired a new stake in shares of Welltower in the 4th quarter worth about $35,000. 94.80% of the stock is currently owned by institutional investors.

Welltower Price Performance

Shares of NYSE WELL opened at $124.48 on Thursday. Welltower Inc. has a twelve month low of $78.38 and a twelve month high of $124.88. The company has a current ratio of 4.07, a quick ratio of 4.07 and a debt-to-equity ratio of 0.47. The firm has a 50-day moving average of $112.15 and a two-hundred day moving average of $101.78. The company has a market capitalization of $74.43 billion, a price-to-earnings ratio of 153.68, a PEG ratio of 2.79 and a beta of 1.18.

Welltower (NYSE:WELL) last released its earnings results on Monday, July 29th. The real estate investment trust reported $0.42 EPS for the quarter, beating the consensus estimate 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 net margin of 8.36% and a return on equity of 2.21%. The business’s quarterly revenue was up 9.6% on a year-over-year basis. During the same period in the prior year, the business earned $0.90 earnings per share. As a group, analysts expect that Welltower Inc. will post 4.19 earnings per share for the current fiscal year.

Welltower Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, August 21st. Investors of record on Monday, August 12th were issued a $0.67 dividend. This represents a $2.68 dividend on an annualized basis and a dividend yield of 2.15%. This is a boost from Welltower’s previous quarterly dividend of $0.61. The ex-dividend date was Monday, August 12th. Welltower’s payout ratio is presently 330.86%.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the stock. KeyCorp boosted their target price on shares of Welltower from $95.00 to $115.00 and gave the company an “overweight” rating in a research note on Tuesday, July 2nd. Scotiabank increased their price objective on Welltower from $116.00 to $121.00 and gave the stock a “sector outperform” rating in a report on Wednesday, August 7th. Royal Bank of Canada raised their target price on Welltower from $101.00 to $114.00 and gave the company a “sector perform” rating in a research report on Friday, August 9th. Morgan Stanley boosted their price target on Welltower from $103.00 to $107.50 and gave the stock an “overweight” rating in a research report on Thursday, July 11th. Finally, Mizuho increased their price target on Welltower from $98.00 to $105.00 and gave the stock a “buy” rating in a research note on Wednesday, May 8th. Five equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $109.58.

Welltower Company Profile

Welltower Inc (NYSE:WELL), a 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 and infrastructure needed to scale innovative care delivery models and improve people's wellness and overall health care experience.