NEOS Investment Management LLC Purchases 7,463 Shares of Welltower Inc. (NYSE:WELL)

NEOS Investment Management LLC boosted its holdings in Welltower Inc. (NYSE:WELL) by 30.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (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 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. UniSuper Management Pty Ltd raised its position in shares of Welltower by 3.2% during the fourth quarter. UniSuper Management Pty Ltd now owns 395,744 shares of the real estate investment trust’s stock worth $49,876,000 after acquiring an additional 12,364 shares during the last quarter. Elo Mutual Pension Insurance Co raised its holdings in Welltower by 17.0% during the 4th quarter. Elo Mutual Pension Insurance Co now owns 61,764 shares of the real estate investment trust’s stock worth $7,784,000 after purchasing an additional 8,983 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. lifted its position in shares of Welltower by 8.8% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,341,018 shares of the real estate investment trust’s stock worth $168,727,000 after purchasing an additional 107,987 shares during the period. Korea Investment CORP raised its stake in Welltower by 96.9% during the fourth quarter. Korea Investment CORP now owns 479,945 shares of the real estate investment trust’s stock worth $60,487,000 after buying an additional 236,233 shares during the last quarter. Finally, Financial Counselors Inc. lifted its holdings in Welltower by 146.4% in the fourth quarter. Financial Counselors Inc. now owns 10,272 shares of the real estate investment trust’s stock valued at $1,295,000 after buying an additional 6,104 shares during the period. 94.80% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on WELL. StockNews.com cut Welltower from a “hold” rating to a “sell” rating in a report on Wednesday. Scotiabank lifted their price target on shares of Welltower from $165.00 to $166.00 and gave the company a “sector outperform” rating in a research note on Thursday, March 6th. Bank of America upped their price objective on shares of Welltower from $221.00 to $242.00 and gave the company a “buy” rating in a report on Tuesday, February 18th. Raymond James raised their target price on Welltower from $145.00 to $155.00 and gave the company a “strong-buy” rating in a research note on Monday, December 16th. Finally, Wells Fargo & Company upped their price target on Welltower from $140.00 to $158.00 and gave the stock an “equal weight” rating in a research note on Monday, March 10th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $156.46.

Welltower Stock Up 0.3 %

Shares of NYSE:WELL opened at $150.24 on Friday. The stock 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 50 day moving average is $145.31 and its 200 day moving average is $135.34. Welltower Inc. has a 12-month low of $87.87 and a 12-month high of $158.55. The company has a quick ratio of 4.22, a current ratio of 4.22 and a debt-to-equity ratio of 0.48.

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

Welltower Dividend Announcement

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

About Welltower

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.