NEOS Investment Management LLC Has $3.99 Million Position in Welltower Inc. (NYSE:WELL)

NEOS Investment Management LLC lifted its stake in shares of Welltower Inc. (NYSE:WELL) by 30.8% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 31,663 shares of the real estate investment trust’s stock after buying an additional 7,463 shares during the quarter. NEOS Investment Management LLC’s holdings in Welltower were worth $3,990,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of WELL. Retirement Systems of Alabama lifted its position in Welltower by 3.7% during the third quarter. Retirement Systems of Alabama now owns 470,419 shares of the real estate investment trust’s stock worth $60,228,000 after acquiring an additional 16,946 shares during the last quarter. Vestmark Advisory Solutions Inc. increased its stake in shares of Welltower by 120.3% during the fourth quarter. Vestmark Advisory Solutions Inc. now owns 14,417 shares of the real estate investment trust’s stock worth $1,817,000 after purchasing an additional 7,872 shares during the period. Barclays PLC increased its stake in shares of Welltower by 29.2% during the third quarter. Barclays PLC now owns 1,684,446 shares of the real estate investment trust’s stock worth $215,659,000 after purchasing an additional 380,888 shares during the period. Park Avenue Securities LLC lifted its holdings in Welltower by 20.1% during the 4th quarter. Park Avenue Securities LLC now owns 13,456 shares of the real estate investment trust’s stock worth $1,696,000 after purchasing an additional 2,250 shares during the last quarter. Finally, Cbre Investment Management Listed Real Assets LLC boosted its stake in Welltower by 17.3% in the 4th quarter. Cbre Investment Management Listed Real Assets LLC now owns 1,936,954 shares of the real estate investment trust’s stock valued at $244,114,000 after purchasing an additional 285,015 shares during the period. Institutional investors and hedge funds own 94.80% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on WELL. Wells Fargo & Company lifted their target price on Welltower from $140.00 to $158.00 and gave the stock an “equal weight” rating in a report on Monday, March 10th. Raymond James raised their price target on shares of Welltower from $145.00 to $155.00 and gave the stock a “strong-buy” rating in a research report on Monday, December 16th. Royal Bank of Canada raised shares of Welltower from a “sector perform” rating to an “outperform” rating and boosted their price objective for the company from $146.00 to $168.00 in a report on Friday, February 28th. Bank of America raised their target price on shares of Welltower from $221.00 to $242.00 and gave the stock a “buy” rating in a report on Tuesday, February 18th. Finally, Jefferies Financial Group upgraded shares of Welltower from a “hold” rating to a “buy” rating and lifted their price target for the company from $132.00 to $147.00 in a research report on Thursday, January 2nd. One analyst has rated the stock with a sell rating, two have given a hold rating, nine have given a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $156.46.

Welltower Trading Up 0.3 %

Shares of WELL opened at $150.24 on Friday. The company has a debt-to-equity ratio of 0.48, a quick ratio of 4.22 and a current ratio of 4.22. Welltower Inc. has a 52-week low of $87.87 and a 52-week high of $158.55. The firm has a market cap of $96.35 billion, a price-to-earnings ratio of 96.31, a PEG ratio of 2.87 and a beta of 1.20. The business’s fifty day moving average is $145.31 and its 200-day moving average is $135.34.

Welltower (NYSE:WELL) last issued its earnings results on Tuesday, February 11th. The real estate investment trust reported $1.13 EPS for the quarter, topping the consensus estimate of $0.40 by $0.73. Welltower had a return on equity of 3.15% and a net margin of 11.91%. Equities analysts anticipate that Welltower Inc. will post 4.88 EPS for the current fiscal year.

Welltower Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, March 6th. Shareholders of record on Tuesday, February 25th were given a $0.67 dividend. The ex-dividend date of this dividend was Tuesday, February 25th. This represents a $2.68 dividend on an annualized basis and a yield of 1.78%. Welltower’s dividend payout ratio is currently 171.79%.

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.