State of Alaska Department of Revenue raised its holdings in shares of Welltower Inc (NYSE:WELL) by 8.7% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 218,014 shares of the real estate investment trust’s stock after purchasing an additional 17,488 shares during the period. State of Alaska Department of Revenue owned 0.05% of Welltower worth $17,772,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in WELL. Norges Bank bought a new position in shares of Welltower during the fourth quarter valued at approximately $248,512,000. American Century Companies Inc. increased its position in shares of Welltower by 154.5% during the first quarter. American Century Companies Inc. now owns 3,020,615 shares of the real estate investment trust’s stock valued at $234,400,000 after acquiring an additional 1,833,933 shares in the last quarter. Janus Henderson Group PLC increased its position in shares of Welltower by 378.6% during the first quarter. Janus Henderson Group PLC now owns 1,941,356 shares of the real estate investment trust’s stock valued at $150,651,000 after acquiring an additional 1,535,700 shares in the last quarter. FMR LLC increased its position in shares of Welltower by 19.2% during the fourth quarter. FMR LLC now owns 8,775,971 shares of the real estate investment trust’s stock valued at $609,140,000 after acquiring an additional 1,416,074 shares in the last quarter. Finally, BlackRock Inc. increased its position in shares of Welltower by 3.7% during the first quarter. BlackRock Inc. now owns 39,917,986 shares of the real estate investment trust’s stock valued at $3,097,636,000 after acquiring an additional 1,414,802 shares in the last quarter. 87.00% of the stock is owned by institutional investors and hedge funds.

Several equities research analysts recently weighed in on WELL shares. Raymond James started coverage on shares of Adverum Biotechnologies in a research report on Thursday, June 13th. They set a “market perform” rating for the company. Scotiabank set a $80.00 price target on shares of Welltower and gave the company a “hold” rating in a research report on Friday, June 14th. Finally, BMO Capital Markets reduced their price target on shares of AKITA Drilling from C$5.00 to C$3.50 in a research report on Tuesday, May 7th. Seven investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $74.79.

In other Welltower news, CEO Thomas J. Derosa sold 19,307 shares of Welltower stock in a transaction that occurred on Tuesday, May 14th. The shares were sold at an average price of $77.90, for a total value of $1,504,015.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.15% of the company’s stock.

NYSE:WELL traded up $0.61 during trading hours on Monday, reaching $83.74. The company had a trading volume of 642,628 shares, compared to its average volume of 1,663,697. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.84 and a current ratio of 1.84. Welltower Inc has a 52 week low of $60.74 and a 52 week high of $86.91. The stock has a market cap of $33.66 billion, a price-to-earnings ratio of 20.78, a price-to-earnings-growth ratio of 4.09 and a beta of 0.29. The company’s 50 day simple moving average is $83.51.

Welltower (NYSE:WELL) last posted its earnings results on Tuesday, April 30th. The real estate investment trust reported $1.02 EPS for the quarter, hitting analysts’ consensus estimates of $1.02. Welltower had a net margin of 13.06% and a return on equity of 4.97%. The business had revenue of $1.27 billion during the quarter, compared to the consensus estimate of $1.24 billion. During the same quarter in the previous year, the firm posted $0.99 EPS. The firm’s revenue was up 16.0% on a year-over-year basis. On average, equities research analysts predict that Welltower Inc will post 4.19 earnings per share for the current year.

Welltower Company Profile

Welltower Inc (NYSE:WELL), an S&P 500 company headquartered in Toledo, Ohio, is driving the transformation of health care infrastructure. The Company 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.

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Institutional Ownership by Quarter for Welltower (NYSE:WELL)

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