New York State Common Retirement Fund Has $136.68 Million Stock Position in Welltower Inc. $WELL

New York State Common Retirement Fund reduced its stake in Welltower Inc. (NYSE:WELL) by 3.4% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 767,265 shares of the real estate investment trust’s stock after selling 26,800 shares during the period. New York State Common Retirement Fund owned 0.11% of Welltower worth $136,681,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of WELL. Global Wealth Strategies & Associates purchased a new position in Welltower during the 3rd quarter worth $36,000. Newbridge Financial Services Group Inc. grew its position in shares of Welltower by 39.5% during the 2nd quarter. Newbridge Financial Services Group Inc. now owns 307 shares of the real estate investment trust’s stock valued at $47,000 after acquiring an additional 87 shares during the period. Copia Wealth Management bought a new position in Welltower during the second quarter valued at $51,000. City Holding Co. purchased a new stake in Welltower in the 3rd quarter worth about $59,000. Finally, Salomon & Ludwin LLC purchased a new position in shares of Welltower in the third quarter worth about $59,000. 94.80% of the stock is owned by institutional investors and hedge funds.

Welltower Trading Up 0.3%

WELL stock opened at $184.01 on Thursday. The company has a market capitalization of $126.29 billion, a PE ratio of 126.90, a price-to-earnings-growth ratio of 1.27 and a beta of 0.86. The company has a debt-to-equity ratio of 0.43, a quick ratio of 5.47 and a current ratio of 5.47. Welltower Inc. has a one year low of $130.29 and a one year high of $209.05. The company’s 50 day moving average price is $191.41 and its two-hundred day moving average price is $178.63.

Welltower (NYSE:WELL) last released its earnings results on Monday, October 27th. The real estate investment trust reported $1.34 EPS for the quarter, beating the consensus estimate of $1.30 by $0.04. The company had revenue of $2.69 billion for the quarter, compared to analyst estimates of $2.70 billion. Welltower had a net margin of 9.69% and a return on equity of 2.71%. The firm’s quarterly revenue was up 30.7% compared to the same quarter last year. During the same quarter last year, the firm earned $1.11 EPS. As a group, analysts predict that Welltower Inc. will post 4.88 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have weighed in on the company. UBS Group reduced their target price on Welltower from $232.00 to $228.00 and set a “buy” rating for the company in a report on Thursday, January 8th. Wall Street Zen upgraded shares of Welltower from a “sell” rating to a “hold” rating in a research report on Friday, January 23rd. Morgan Stanley increased their price target on shares of Welltower from $170.00 to $200.00 and gave the stock an “overweight” rating in a report on Thursday, November 20th. Wells Fargo & Company raised their price objective on shares of Welltower from $200.00 to $218.00 and gave the company an “overweight” rating in a research report on Tuesday, November 25th. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Welltower in a report on Monday, December 29th. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $204.80.

Welltower Company Profile

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.