California Public Employees Retirement System Sells 241,733 Shares of Welltower Inc. $WELL

California Public Employees Retirement System trimmed its stake in Welltower Inc. (NYSE:WELL) by 14.5% during the 1st quarter, HoldingsChannel.com reports. The firm owned 1,420,440 shares of the real estate investment trust’s stock after selling 241,733 shares during the period. California Public Employees Retirement System’s holdings in Welltower were worth $280,835,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently made changes to their positions in the company. AIA Group Ltd increased its stake in Welltower by 53.8% during the third quarter. AIA Group Ltd now owns 24,000 shares of the real estate investment trust’s stock valued at $4,275,000 after acquiring an additional 8,400 shares during the period. Nordea Investment Management AB lifted its position in shares of Welltower by 11.8% in the 4th quarter. Nordea Investment Management AB now owns 1,930,894 shares of the real estate investment trust’s stock worth $358,915,000 after acquiring an additional 204,317 shares during the period. Wealth Enhancement Advisory Services LLC lifted its position in shares of Welltower by 30.2% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 195,052 shares of the real estate investment trust’s stock worth $36,214,000 after acquiring an additional 45,214 shares during the period. KLP Kapitalforvaltning AS grew its holdings in shares of Welltower by 21.2% during the 4th quarter. KLP Kapitalforvaltning AS now owns 291,146 shares of the real estate investment trust’s stock worth $54,040,000 after purchasing an additional 50,900 shares in the last quarter. Finally, Congress Asset Management Co. grew its holdings in shares of Welltower by 28.0% during the 4th quarter. Congress Asset Management Co. now owns 753,330 shares of the real estate investment trust’s stock worth $139,826,000 after purchasing an additional 164,708 shares in the last quarter. Institutional investors own 94.80% of the company’s stock.

Analyst Upgrades and Downgrades

WELL has been the subject of a number of recent research reports. Scotiabank cut their target price on Welltower from $248.00 to $232.00 and set a “sector outperform” rating for the company in a research note on Thursday, June 18th. Mizuho set a $239.00 price target on shares of Welltower in a research note on Friday, May 22nd. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Welltower from $215.00 to $265.00 and gave the company a “buy” rating in a research note on Wednesday, July 1st. Citigroup raised their price objective on shares of Welltower from $245.00 to $255.00 and gave the stock a “buy” rating in a report on Tuesday, May 5th. Finally, Jefferies Financial Group lifted their target price on shares of Welltower from $237.00 to $248.00 and gave the company a “buy” rating in a research report on Tuesday, May 12th. Thirteen investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, Welltower currently has a consensus rating of “Moderate Buy” and a consensus target price of $234.72.

Welltower Price Performance

Welltower stock opened at $243.39 on Friday. The business has a 50 day simple moving average of $218.71 and a 200 day simple moving average of $206.74. The company has a debt-to-equity ratio of 0.40, a current ratio of 4.31 and a quick ratio of 4.31. The company has a market capitalization of $171.81 billion, a PE ratio of 120.49, a price-to-earnings-growth ratio of 1.19 and a beta of 0.77. Welltower Inc. has a one year low of $156.96 and a one year high of $246.43.

Welltower (NYSE:WELL) last announced its quarterly earnings results on Tuesday, April 28th. The real estate investment trust reported $1.02 earnings per share for the quarter, beating analysts’ consensus estimates of $0.68 by $0.34. Welltower had a return on equity of 3.45% and a net margin of 11.96%.The firm had revenue of $3.35 billion for the quarter, compared to analysts’ expectations of $3.12 billion. During the same period in the prior year, the business posted $1.20 earnings per share. The business’s revenue was up 38.3% compared to the same quarter last year. Welltower has set its FY 2026 guidance at 6.210-6.350 EPS. On average, sell-side analysts forecast that Welltower Inc. will post 6.32 EPS for the current fiscal year.

Welltower Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, May 21st. Stockholders of record on Wednesday, May 13th were issued a $0.74 dividend. The ex-dividend date of this dividend was Wednesday, May 13th. This represents a $2.96 annualized dividend and a dividend yield of 1.2%. Welltower’s dividend payout ratio is presently 146.53%.

About Welltower

Welltower Inc (NYSE: WELL) is a real estate investment trust (REIT) that acquires and manages real estate serving the health care industry. The company specializes in healthcare infrastructure, owning and operating a diversified portfolio of senior housing, post-acute and long-term care communities, and outpatient medical properties. Welltower’s assets are designed to support the delivery of health care services through a combination of leased properties, joint ventures, and other capital arrangements with health care operators and providers.

The company’s property types include assisted living, memory care, independent living and skilled nursing facilities, as well as medical office buildings and other outpatient-care real estate such as ambulatory surgery centers and specialty clinics.