Fidelis Capital Partners LLC Has $462,000 Stock Position in Welltower Inc. (NYSE:WELL)

Fidelis Capital Partners LLC raised its position in Welltower Inc. (NYSE:WELL) by 118.3% in the fourth quarter, HoldingsChannel reports. The fund owned 3,669 shares of the real estate investment trust’s stock after purchasing an additional 1,988 shares during the quarter. Fidelis Capital Partners LLC’s holdings in Welltower were worth $462,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Retirement Systems of Alabama lifted its holdings in shares of Welltower by 3.7% in the 3rd quarter. Retirement Systems of Alabama now owns 470,419 shares of the real estate investment trust’s stock worth $60,228,000 after purchasing an additional 16,946 shares in the last quarter. Barclays PLC increased its stake 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 purchasing an additional 380,888 shares in the last quarter. Park Avenue Securities LLC raised its holdings in 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 worth $1,696,000 after buying an additional 2,250 shares during the last quarter. Nordea Investment Management AB lifted its stake in shares of Welltower by 28.1% in the fourth quarter. Nordea Investment Management AB now owns 1,477,388 shares of the real estate investment trust’s stock valued at $185,649,000 after buying an additional 324,520 shares in the last quarter. Finally, Whipplewood Advisors LLC acquired a new position in shares of Welltower during the fourth quarter valued at about $367,000. Institutional investors own 94.80% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the stock. Raymond James upped their target price on shares of Welltower from $145.00 to $155.00 and gave the stock a “strong-buy” rating in a report on Monday, December 16th. Scotiabank raised their target price on Welltower from $144.00 to $165.00 and gave the company a “sector outperform” rating in a report on Friday, February 28th. Mizuho lifted their target price on Welltower from $136.00 to $141.00 and gave the company an “outperform” rating in a research report on Thursday, December 5th. Evercore ISI increased their price target on Welltower from $144.00 to $145.00 and gave the company an “in-line” rating in a research report on Tuesday. Finally, Royal Bank of Canada raised shares of Welltower from a “sector perform” rating to an “outperform” rating and lifted their price objective for the stock from $146.00 to $168.00 in a report on Friday, February 28th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, ten have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $148.35.

Welltower Price Performance

WELL opened at $154.01 on Wednesday. Welltower Inc. has a fifty-two week low of $87.87 and a fifty-two week high of $158.55. The firm has a 50-day moving average of $137.53 and a 200 day moving average of $132.14. The company has a debt-to-equity ratio of 0.48, a quick ratio of 4.22 and a current ratio of 4.22. The firm has a market cap of $98.77 billion, a P/E ratio of 98.73, a PEG ratio of 2.87 and a beta of 1.23.

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

Welltower Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 6th. Stockholders of record on Tuesday, February 25th will be given a dividend of $0.67 per share. The ex-dividend date is Tuesday, February 25th. This represents a $2.68 dividend on an annualized basis and a dividend yield of 1.74%. Welltower’s dividend payout ratio is presently 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.