ExodusPoint Capital Management LP Takes Position in Welltower Inc. (NYSE:WELL)

ExodusPoint Capital Management LP bought a new stake in shares of Welltower Inc. (NYSE:WELL - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 182,136 shares of the real estate investment trust's stock, valued at approximately $22,955,000.

Other large investors also recently bought and sold shares of the company. Mather Group LLC. boosted its position in shares of Welltower by 3.8% in the 4th quarter. Mather Group LLC. now owns 2,053 shares of the real estate investment trust's stock worth $259,000 after purchasing an additional 75 shares in the last quarter. Childress Capital Advisors LLC increased its holdings in shares of Welltower by 3.7% during the fourth quarter. Childress Capital Advisors LLC now owns 2,152 shares of the real estate investment trust's stock valued at $271,000 after acquiring an additional 76 shares in the last quarter. Woodmont Investment Counsel LLC grew its position in Welltower by 3.8% during the 4th quarter. Woodmont Investment Counsel LLC now owns 2,213 shares of the real estate investment trust's stock valued at $279,000 after purchasing an additional 81 shares during the last quarter. Wealthspire Advisors LLC raised its holdings in Welltower by 2.5% in the fourth quarter. Wealthspire Advisors LLC now owns 3,451 shares of the real estate investment trust's stock worth $435,000 after buying an additional 83 shares during the last quarter. Finally, Graypoint LLC grew its holdings in shares of Welltower by 2.5% during the fourth quarter. Graypoint LLC now owns 3,427 shares of the real estate investment trust's stock valued at $432,000 after buying an additional 84 shares during the last quarter. 94.80% of the stock is owned by hedge funds and other institutional investors.

Remove Ads

Wall Street Analysts Forecast Growth

WELL has been the subject of several recent analyst reports. Mizuho boosted their price target on Welltower from $141.00 to $170.00 and gave the stock an "outperform" rating in a research note on Tuesday, March 18th. Evercore ISI increased their price objective on shares of Welltower from $144.00 to $145.00 and gave the company an "in-line" rating in a research report on Tuesday, March 4th. Royal Bank of Canada upgraded shares of Welltower from a "sector perform" rating to an "outperform" rating and boosted their target price for the company from $146.00 to $168.00 in a research note on Friday, February 28th. Wedbush raised Welltower from a "neutral" rating to an "outperform" rating and increased their target price for the company from $145.00 to $167.00 in a report on Friday, February 14th. Finally, Bank of America upped their price target on shares of Welltower from $221.00 to $242.00 and gave the company a "buy" rating in a research report on Tuesday, February 18th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, ten have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $156.46.

Welltower Stock Performance

WELL traded up $1.51 on Tuesday, reaching $140.32. 1,389,790 shares of the stock were exchanged, compared to its average volume of 2,839,332. Welltower Inc. has a fifty-two week low of $87.87 and a fifty-two week high of $158.55. The firm has a market capitalization of $90.98 billion, a PE ratio of 89.77, a PEG ratio of 2.87 and a beta of 0.93. The company has a debt-to-equity ratio of 0.48, a current ratio of 4.22 and a quick ratio of 4.22. The company's 50-day moving average price is $147.64 and its 200 day moving average price is $136.50.

Welltower (NYSE:WELL - Get Free Report) last issued 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%. As a group, sell-side analysts forecast that Welltower Inc. will post 4.88 EPS for the current fiscal year.

Welltower Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 6th. Investors of record on Tuesday, February 25th were issued a dividend of $0.67 per share. This represents a $2.68 dividend on an annualized basis and a yield of 1.91%. The ex-dividend date was Tuesday, February 25th. Welltower's dividend payout ratio (DPR) is presently 171.79%.

Welltower Company 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.