Landscape Capital Management L.L.C. Takes Position in Welltower Inc. (NYSE:WELL)

Landscape Capital Management L.L.C. purchased a new position in shares of Welltower Inc. (NYSE:WELL - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 13,058 shares of the real estate investment trust's stock, valued at approximately $1,646,000.

Other hedge funds also recently made changes to their positions in the company. HighTower Advisors LLC increased its stake in Welltower by 30.4% in 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 during the last quarter. IHT Wealth Management LLC raised its holdings 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 in the last quarter. Point72 Asset Management L.P. boosted its position in Welltower by 677.1% during the third quarter. Point72 Asset Management L.P. now owns 103,535 shares of the real estate investment trust's stock valued at $13,256,000 after purchasing an additional 90,211 shares during the last quarter. Royal London Asset Management Ltd. grew its stake in Welltower by 5.7% in the third quarter. Royal London Asset Management Ltd. now owns 245,798 shares of the real estate investment trust's stock valued at $31,470,000 after purchasing an additional 13,341 shares in the last quarter. Finally, Quantinno Capital Management LP increased its position in shares of Welltower by 11.9% during the 3rd quarter. Quantinno Capital Management LP now owns 36,423 shares of the real estate investment trust's stock worth $4,663,000 after purchasing an additional 3,872 shares during the last quarter. 94.80% of the stock is owned by institutional investors.

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Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on WELL shares. Scotiabank raised their target price on shares of Welltower from $165.00 to $166.00 and gave the company a "sector outperform" rating in a research note on Thursday, March 6th. Mizuho upped their target price on shares of Welltower from $141.00 to $170.00 and gave the company an "outperform" rating in a report on Tuesday, March 18th. Raymond James lifted their price target on Welltower from $145.00 to $155.00 and gave the stock a "strong-buy" rating in a report on Monday, December 16th. Royal Bank of Canada raised Welltower from a "sector perform" rating to an "outperform" rating and boosted their price target for the stock from $146.00 to $168.00 in a research report on Friday, February 28th. Finally, Jefferies Financial Group upgraded Welltower from a "hold" rating to a "buy" rating and lifted their target price for the stock from $132.00 to $147.00 in a research note on Thursday, January 2nd. One equities 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. Based on data from MarketBeat.com, Welltower has a consensus rating of "Moderate Buy" and an average price target of $156.46.

Welltower Price Performance

Shares of NYSE:WELL traded down $1.19 during trading on Thursday, reaching $140.30. 981,227 shares of the company traded hands, compared to its average volume of 2,860,317. The company has a quick ratio of 4.22, a current ratio of 4.22 and a debt-to-equity ratio of 0.48. Welltower Inc. has a 52 week low of $87.87 and a 52 week high of $158.55. The firm has a market capitalization of $90.97 billion, a PE ratio of 90.05, a PEG ratio of 2.87 and a beta of 0.93. The company's 50 day moving average is $147.84 and its two-hundred day moving average is $136.71.

Welltower (NYSE:WELL - Get Free Report) last issued its earnings results on Tuesday, February 11th. The real estate investment trust reported $1.13 EPS for the quarter, beating 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, sell-side analysts predict that Welltower Inc. will post 4.88 earnings per share for the current year.

Welltower Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 6th. Investors of record on Tuesday, February 25th were issued a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a dividend yield of 1.91%. The ex-dividend date was Tuesday, February 25th. Welltower's dividend payout ratio (DPR) 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.