Apollon Wealth Management LLC Has $611,000 Stake in Welltower Inc. (NYSE:WELL)

Apollon Wealth Management LLC raised its position in Welltower Inc. (NYSE:WELL) by 17.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,847 shares of the real estate investment trust’s stock after purchasing an additional 724 shares during the quarter. Apollon Wealth Management LLC’s holdings in Welltower were worth $611,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Retirement Systems of Alabama increased its position 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 valued at $60,228,000 after acquiring an additional 16,946 shares during the last quarter. Barclays PLC increased its position in shares of Welltower by 29.2% in the third quarter. Barclays PLC now owns 1,684,446 shares of the real estate investment trust’s stock valued at $215,659,000 after acquiring an additional 380,888 shares during the last quarter. Park Avenue Securities LLC increased its position in shares of Welltower by 20.1% in 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 acquiring an additional 2,250 shares during the last quarter. Nordea Investment Management AB increased its position 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 acquiring an additional 324,520 shares during the last quarter. Finally, Assenagon Asset Management S.A. increased its position in shares of Welltower by 1.8% in the fourth quarter. Assenagon Asset Management S.A. now owns 20,931 shares of the real estate investment trust’s stock valued at $2,638,000 after acquiring an additional 365 shares during the last quarter. Institutional investors and hedge funds own 94.80% of the company’s stock.

Welltower Trading Up 2.2 %

Shares of NYSE:WELL opened at $146.49 on Thursday. Welltower Inc. has a 12-month low of $85.40 and a 12-month high of $148.50. The stock has a market cap of $91.22 billion, a PE ratio of 96.38, a P/E/G ratio of 2.83 and a beta of 1.23. The business has a 50 day moving average of $130.73 and a 200-day moving average of $128.27. The company has a quick ratio of 4.10, a current ratio of 4.10 and a debt-to-equity ratio of 0.51.

Welltower (NYSE:WELL) last issued its quarterly earnings results on Tuesday, February 11th. The real estate investment trust reported $1.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.40 by $0.73. Welltower had a return on equity of 3.20% and a net margin of 12.22%. As a group, equities research analysts forecast that Welltower Inc. will post 4.3 earnings per share for the current year.

Welltower Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 6th. Investors of record on Tuesday, February 25th will be paid a $0.67 dividend. This represents a $2.68 annualized dividend and a dividend yield of 1.83%. The ex-dividend date is Tuesday, February 25th. Welltower’s dividend payout ratio (DPR) is currently 176.32%.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the company. Mizuho boosted their price target on Welltower from $136.00 to $141.00 and gave the stock an “outperform” rating in a research report on Thursday, December 5th. Jefferies Financial Group raised Welltower from a “hold” rating to a “buy” rating and boosted their price target for the stock from $132.00 to $147.00 in a research report on Thursday, January 2nd. Bank of America boosted their price target on Welltower from $190.00 to $221.00 and gave the stock a “buy” rating in a research report on Friday, January 24th. Raymond James boosted their price target on Welltower from $145.00 to $155.00 and gave the stock a “strong-buy” rating in a research report on Monday, December 16th. Finally, StockNews.com raised Welltower from a “sell” rating to a “hold” rating in a research report on Wednesday, October 30th. Five investment analysts have rated the stock with a hold rating, eight have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat, Welltower presently has a consensus rating of “Moderate Buy” and a consensus price target of $134.96.

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.