CenterBook Partners LP Boosts Stake in Welltower Inc. (NYSE:WELL)

CenterBook Partners LP increased its position in shares of Welltower Inc. (NYSE:WELL - Free Report) by 198.4% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 15,809 shares of the real estate investment trust's stock after buying an additional 10,511 shares during the quarter. CenterBook Partners LP's holdings in Welltower were worth $1,992,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Laurel Wealth Advisors LLC bought a new position in shares of Welltower during the 4th quarter worth approximately $25,000. Roxbury Financial LLC bought a new position in Welltower in the fourth quarter valued at $26,000. Sierra Ocean LLC acquired a new stake in Welltower in the 4th quarter valued at $28,000. Versant Capital Management Inc lifted its position in Welltower by 165.5% during the 4th quarter. Versant Capital Management Inc now owns 300 shares of the real estate investment trust's stock worth $38,000 after buying an additional 187 shares in the last quarter. Finally, First Command Advisory Services Inc. bought a new stake in Welltower during the 4th quarter worth about $50,000. Institutional investors and hedge funds own 94.80% of the company's stock.

Welltower Stock Up 0.9 %

Shares of NYSE WELL traded up $1.35 during midday trading on Tuesday, hitting $146.94. 656,818 shares of the stock traded hands, compared to its average volume of 2,858,508. 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 Inc. has a one year low of $87.87 and a one year high of $158.55. The business has a 50 day moving average price of $148.01 and a two-hundred day moving average price of $137.10. The company has a market cap of $95.28 billion, a PE ratio of 94.19, a P/E/G ratio of 2.87 and a beta of 0.93.

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Welltower (NYSE:WELL - Get Free Report) last released its quarterly earnings data 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, equities analysts predict that Welltower Inc. will post 4.88 EPS for the current year.

Welltower Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 6th. Shareholders of record on Tuesday, February 25th were paid a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a yield of 1.82%. The ex-dividend date was Tuesday, February 25th. Welltower's dividend payout ratio (DPR) is presently 171.79%.

Analyst Ratings Changes

A number of brokerages have recently issued reports on WELL. Royal Bank of Canada raised shares of Welltower from a "sector perform" rating to an "outperform" rating and upped their target price for the company from $146.00 to $168.00 in a report on Friday, February 28th. Wedbush upgraded Welltower from a "neutral" rating to an "outperform" rating and upped their price objective for the company from $145.00 to $167.00 in a research note on Friday, February 14th. Wells Fargo & Company upgraded Welltower from an "equal weight" rating to an "overweight" rating and set a $158.00 target price for the company in a research note on Tuesday, April 8th. Bank of America increased their price target on Welltower from $221.00 to $242.00 and gave the company a "buy" rating in a research note on Tuesday, February 18th. Finally, StockNews.com downgraded 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, one has given a hold rating, ten have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target 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.