NEOS Investment Management LLC Boosts Holdings in Welltower Inc. (NYSE:WELL)

NEOS Investment Management LLC grew its stake in shares of Welltower Inc. (NYSE:WELL - Free Report) by 30.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 31,663 shares of the real estate investment trust's stock after acquiring an additional 7,463 shares during the period. NEOS Investment Management LLC's holdings in Welltower were worth $3,990,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Kingsview Wealth Management LLC boosted its stake in Welltower by 4.2% during the third quarter. Kingsview Wealth Management LLC now owns 4,966 shares of the real estate investment trust's stock valued at $636,000 after buying an additional 200 shares during the period. Larson Financial Group LLC bought a new stake in Welltower during the third quarter valued at approximately $81,000. Centaurus Financial Inc. purchased a new position in Welltower in the 3rd quarter worth approximately $101,000. D.A. Davidson & CO. increased its holdings in shares of Welltower by 5.9% in the 3rd quarter. D.A. Davidson & CO. now owns 17,118 shares of the real estate investment trust's stock worth $2,192,000 after buying an additional 949 shares during the last quarter. Finally, Avestar Capital LLC increased its holdings in shares of Welltower by 10.1% in the 3rd quarter. Avestar Capital LLC now owns 2,536 shares of the real estate investment trust's stock worth $325,000 after buying an additional 232 shares during the last quarter. 94.80% of the stock is owned by institutional investors.

Welltower Stock Performance

Shares of Welltower stock traded up $0.26 during trading on Tuesday, hitting $153.47. 617,999 shares of the company's stock traded hands, compared to its average volume of 2,797,873. Welltower Inc. has a 1 year low of $87.87 and a 1 year high of $158.55. 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 business has a 50-day simple moving average of $146.26 and a 200-day simple moving average of $135.79. The stock has a market capitalization of $98.42 billion, a P/E ratio of 98.34, a PEG ratio of 2.87 and a beta of 1.20.

Remove Ads

Welltower (NYSE:WELL - Get Free Report) last released its quarterly earnings results on Tuesday, February 11th. The real estate investment trust reported $1.13 earnings per share 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, analysts forecast that Welltower Inc. will post 4.88 EPS for the current year.

Welltower Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 6th. Investors of record on Tuesday, February 25th were paid a dividend of $0.67 per share. This represents a $2.68 dividend on an annualized basis and a dividend yield of 1.75%. The ex-dividend date of this dividend was Tuesday, February 25th. Welltower's dividend payout ratio (DPR) is 171.79%.

Analysts Set New Price Targets

Several brokerages recently issued reports on WELL. Mizuho upped their target price on shares of Welltower from $141.00 to $170.00 and gave the stock an "outperform" rating in a research report on Tuesday, March 18th. Wells Fargo & Company increased their price objective on Welltower from $140.00 to $158.00 and gave the company an "equal weight" rating in a research report on Monday, March 10th. Jefferies Financial Group upgraded Welltower from a "hold" rating to a "buy" rating and boosted their target price for the stock from $132.00 to $147.00 in a research report on Thursday, January 2nd. Royal Bank of Canada upgraded shares of Welltower from a "sector perform" rating to an "outperform" rating and increased their price target for the company from $146.00 to $168.00 in a research report on Friday, February 28th. Finally, StockNews.com lowered shares of Welltower from a "hold" rating to a "sell" rating in a report on Wednesday, March 26th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, Welltower presently has a consensus rating of "Moderate Buy" and an average price target of $156.46.

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.