Kentucky Retirement Systems Insurance Trust Fund Invests $516,000 in Welltower Inc (WELL)

Kentucky Retirement Systems Insurance Trust Fund acquired a new stake in Welltower Inc (NYSE:WELL) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 7,431 shares of the real estate investment trust’s stock, valued at approximately $516,000.

A number of other large investors have also recently bought and sold shares of WELL. Vanguard Group Inc bought a new position in shares of Welltower during the third quarter worth about $3,075,144,000. Vanguard Group Inc. bought a new position in shares of Welltower during the third quarter worth about $3,075,144,000. Cohen & Steers Inc. bought a new position in shares of Welltower during the third quarter worth about $1,459,560,000. Bank of New York Mellon Corp bought a new position in shares of Welltower during the third quarter worth about $405,367,000. Finally, Deutsche Bank AG bought a new position in shares of Welltower during the third quarter worth about $311,295,000. 84.87% of the stock is owned by institutional investors.

In other Welltower news, EVP Mercedes Kerr sold 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 28th. The shares were sold at an average price of $74.50, for a total value of $372,500.00. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.15% of the stock is currently owned by company insiders.

Several equities analysts have recently commented on the stock. Deutsche Bank increased their price target on shares of Welltower from $61.00 to $71.00 and gave the stock a “hold” rating in a research report on Friday, March 29th. Morgan Stanley increased their price target on shares of Welltower from $77.00 to $83.00 and gave the stock an “overweight” rating in a research report on Thursday, March 28th. Raymond James increased their price target on shares of Welltower from $75.00 to $78.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 26th. They noted that the move was a valuation call. Royal Bank of Canada increased their price target on shares of Welltower to $76.00 and gave the stock a “sector perform” rating in a research report on Thursday, February 21st. Finally, Citigroup increased their price target on shares of Welltower from $71.00 to $75.00 and gave the stock a “neutral” rating in a research report on Thursday, February 14th. Ten investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Welltower currently has an average rating of “Buy” and an average target price of $71.29.

Shares of NYSE WELL opened at $73.24 on Monday. The company has a current ratio of 1.64, a quick ratio of 1.64 and a debt-to-equity ratio of 0.89. Welltower Inc has a 52-week low of $49.58 and a 52-week high of $79.41. The stock has a market capitalization of $29.27 billion, a price-to-earnings ratio of 18.17, a price-to-earnings-growth ratio of 3.10 and a beta of 0.46.

Welltower (NYSE:WELL) last announced its quarterly earnings results on Tuesday, February 12th. The real estate investment trust reported $1.01 EPS for the quarter, missing the consensus estimate of $1.03 by ($0.02). Welltower had a net margin of 17.14% and a return on equity of 6.28%. The firm had revenue of $1.24 billion during the quarter, compared to analyst estimates of $1.26 billion. The business’s quarterly revenue was up 12.4% compared to the same quarter last year. As a group, analysts anticipate that Welltower Inc will post 4.18 EPS for the current fiscal year.

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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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