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

ExodusPoint Capital Management LP acquired a new position in Welltower Inc. (NYSE:WELL) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 182,136 shares of the real estate investment trust’s stock, valued at approximately $22,955,000.

A number of other hedge funds have also bought and sold shares of WELL. Retirement Systems of Alabama boosted its holdings in shares of Welltower by 3.7% in 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 period. Vestmark Advisory Solutions Inc. boosted its stake in Welltower by 120.3% in the 4th 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 grew its holdings in Welltower by 29.2% during the 3rd quarter. Barclays PLC now owns 1,684,446 shares of the real estate investment trust’s stock valued at $215,659,000 after buying an additional 380,888 shares in the last quarter. Park Avenue Securities LLC increased its position in shares of Welltower by 20.1% during the fourth quarter. Park Avenue Securities LLC now owns 13,456 shares of the real estate investment trust’s stock valued at $1,696,000 after buying an additional 2,250 shares during the period. Finally, Cbre Investment Management Listed Real Assets LLC lifted its holdings in shares of Welltower by 17.3% in the fourth quarter. Cbre Investment Management Listed Real Assets LLC now owns 1,936,954 shares of the real estate investment trust’s stock worth $244,114,000 after buying an additional 285,015 shares in the last quarter. 94.80% of the stock is currently owned by hedge funds and other institutional investors.

Welltower Trading Down 0.7 %

Shares of WELL opened at $153.03 on Thursday. 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 cap of $98.14 billion, a price-to-earnings ratio of 98.10, a PEG ratio of 2.87 and a beta of 1.20. The firm has a 50 day moving average price of $147.11 and a 200-day moving average price of $136.08. 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 (NYSE:WELL) last posted 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, equities research analysts forecast that Welltower Inc. will post 4.88 earnings per share for the current year.

Welltower Announces Dividend

The business also recently disclosed 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 annualized dividend and a yield of 1.75%. Welltower’s payout ratio is currently 171.79%.

Analyst Ratings Changes

WELL has been the subject of several recent analyst reports. Wells Fargo & Company boosted their price objective on shares of Welltower from $140.00 to $158.00 and gave the company an “equal weight” rating in a research note on Monday, March 10th. Evercore ISI upped their price target on shares of Welltower from $144.00 to $145.00 and gave the stock an “in-line” rating in a report on Tuesday, March 4th. Wedbush upgraded Welltower from a “neutral” rating to an “outperform” rating and increased their price objective for the stock from $145.00 to $167.00 in a research report on Friday, February 14th. Scotiabank boosted their target price on Welltower from $165.00 to $166.00 and gave the stock a “sector outperform” rating in a research report on Thursday, March 6th. Finally, Jefferies Financial Group upgraded 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 issued a hold rating, nine have given a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $156.46.

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.