Welltower Inc. (NYSE:WELL) Stock Position Lessened by Centersquare Investment Management LLC

Centersquare Investment Management LLC lessened its stake in shares of Welltower Inc. (NYSE:WELL - Free Report) by 5.3% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 4,894,411 shares of the real estate investment trust's stock after selling 272,322 shares during the period. Welltower accounts for approximately 6.5% of Centersquare Investment Management LLC's holdings, making the stock its 3rd biggest position. Centersquare Investment Management LLC owned 0.79% of Welltower worth $616,843,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in WELL. Atom Investors LP increased its position in Welltower by 6.4% in the third quarter. Atom Investors LP now owns 2,654 shares of the real estate investment trust's stock worth $340,000 after purchasing an additional 160 shares during the last quarter. Benjamin Edwards Inc. raised its position in shares of Welltower by 35.2% during the 3rd quarter. Benjamin Edwards Inc. now owns 19,722 shares of the real estate investment trust's stock valued at $2,529,000 after buying an additional 5,132 shares in the last quarter. HighTower Advisors LLC raised its position in shares of Welltower by 30.4% during the 3rd quarter. HighTower Advisors LLC now owns 87,588 shares of the real estate investment trust's stock valued at $11,232,000 after buying an additional 20,445 shares in the last quarter. Investment Management Corp of Ontario grew its position in Welltower by 57.1% in the third quarter. Investment Management Corp of Ontario now owns 19,816 shares of the real estate investment trust's stock worth $2,537,000 after acquiring an additional 7,200 shares in the last quarter. Finally, IHT Wealth Management LLC increased its stake in Welltower by 28.2% during the third quarter. IHT Wealth Management LLC now owns 6,550 shares of the real estate investment trust's stock worth $838,000 after acquiring an additional 1,442 shares during the last quarter. Hedge funds and other institutional investors own 94.80% of the company's stock.

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Welltower Stock Down 1.3 %

NYSE WELL traded down $1.77 on Wednesday, reaching $134.73. 1,429,023 shares of the stock traded hands, compared to its average volume of 3,102,584. Welltower Inc. has a 12 month low of $87.87 and a 12 month high of $158.55. 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 company has a fifty day moving average price of $147.65 and a 200-day moving average price of $136.58. The company has a market cap of $87.36 billion, a price-to-earnings ratio of 86.37, a PEG ratio of 2.87 and a beta of 0.93.

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, topping 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%. As a group, research analysts forecast that Welltower Inc. will post 4.88 EPS for the current fiscal year.

Welltower Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 6th. Shareholders of record on Tuesday, February 25th were issued a dividend of $0.67 per share. The ex-dividend date of this dividend was Tuesday, February 25th. This represents a $2.68 dividend on an annualized basis and a yield of 1.99%. Welltower's dividend payout ratio is currently 171.79%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the company. StockNews.com cut Welltower from a "hold" rating to a "sell" rating in a report on Wednesday, March 26th. Wedbush upgraded shares of Welltower from a "neutral" rating to an "outperform" rating and boosted their price objective for the company from $145.00 to $167.00 in a research report on Friday, February 14th. Evercore ISI raised their target price 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. Royal Bank of Canada upgraded shares of Welltower from a "sector perform" rating to an "outperform" rating and upped their price target for the company from $146.00 to $168.00 in a report on Friday, February 28th. Finally, Wells Fargo & Company raised shares of Welltower from an "equal weight" rating to an "overweight" rating and set a $158.00 price objective for the company in a research note on Tuesday. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, ten have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus 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.