Police & Firemen s Retirement System of New Jersey Grows Stock Holdings in Welltower Inc. $WELL

Police & Firemen s Retirement System of New Jersey lifted its position in Welltower Inc. (NYSE:WELL) by 10.8% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 99,421 shares of the real estate investment trust’s stock after buying an additional 9,699 shares during the period. Police & Firemen s Retirement System of New Jersey’s holdings in Welltower were worth $15,284,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Zions Bancorporation National Association UT increased its position in shares of Welltower by 4.2% during the second quarter. Zions Bancorporation National Association UT now owns 1,604 shares of the real estate investment trust’s stock worth $247,000 after purchasing an additional 65 shares in the last quarter. Cornerstone Wealth Group LLC grew its stake in shares of Welltower by 4.7% during the second quarter. Cornerstone Wealth Group LLC now owns 1,460 shares of the real estate investment trust’s stock worth $225,000 after acquiring an additional 66 shares during the last quarter. Rise Advisors LLC increased its holdings in shares of Welltower by 23.3% during the first quarter. Rise Advisors LLC now owns 365 shares of the real estate investment trust’s stock valued at $56,000 after acquiring an additional 69 shares in the last quarter. Bridgewater Advisors Inc. boosted its stake in Welltower by 5.1% in the 2nd quarter. Bridgewater Advisors Inc. now owns 1,461 shares of the real estate investment trust’s stock worth $242,000 after purchasing an additional 71 shares in the last quarter. Finally, Orion Capital Management LLC grew its position in Welltower by 5.6% during the 2nd quarter. Orion Capital Management LLC now owns 1,362 shares of the real estate investment trust’s stock worth $209,000 after purchasing an additional 72 shares during the last quarter. 94.80% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

WELL has been the topic of a number of research analyst reports. National Bankshares set a $246.00 price objective on shares of Welltower in a report on Friday, October 17th. Cantor Fitzgerald lifted their target price on Welltower from $195.00 to $200.00 and gave the stock an “overweight” rating in a report on Tuesday, October 28th. UBS Group set a $203.00 price objective on shares of Welltower in a research note on Wednesday, October 29th. Weiss Ratings reissued a “buy (b)” rating on shares of Welltower in a report on Wednesday, October 8th. Finally, KeyCorp boosted their target price on shares of Welltower from $150.00 to $200.00 and gave the company an “overweight” rating in a research note on Tuesday, September 23rd. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $187.93.

Welltower Price Performance

NYSE:WELL opened at $191.65 on Thursday. The stock has a 50 day moving average of $175.03 and a two-hundred day moving average of $163.04. Welltower Inc. has a 12 month low of $123.11 and a 12 month high of $192.81. The firm has a market cap of $131.53 billion, a P/E ratio of 132.17, a price-to-earnings-growth ratio of 1.93 and a beta of 0.92. The company has a current ratio of 5.47, a quick ratio of 4.19 and a debt-to-equity ratio of 0.43.

Welltower (NYSE:WELL) last issued its quarterly earnings results on Monday, October 27th. The real estate investment trust reported $1.34 EPS for the quarter, topping the consensus estimate of $1.30 by $0.04. Welltower had a return on equity of 2.71% and a net margin of 9.69%.The firm had revenue of $2.69 billion during the quarter, compared to analysts’ expectations of $2.70 billion. During the same period in the previous year, the business earned $1.11 earnings per share. The firm’s revenue for the quarter was up 30.7% on a year-over-year basis. Welltower has set its FY 2025 guidance at 5.240-5.300 EPS. On average, analysts expect that Welltower Inc. will post 4.88 earnings per share for the current fiscal year.

Welltower Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, November 20th. Shareholders of record on Tuesday, November 11th will be paid a $0.74 dividend. This represents a $2.96 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date of this dividend is Monday, November 10th. Welltower’s dividend payout ratio (DPR) is 204.14%.

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.