Sentry Investment Management LLC Invests $360,000 in Welltower Inc (WELL)

Sentry Investment Management LLC purchased a new position in Welltower Inc (NYSE:WELL) during the 3rd quarter, HoldingsChannel.com reports. The institutional investor purchased 5,590 shares of the real estate investment trust’s stock, valued at approximately $360,000.

Several other large investors also recently bought and sold shares of WELL. Wellington Shields Capital Management LLC bought a new position in Welltower during the third quarter worth about $367,000. Achmea Investment Management B.V. bought a new position in Welltower during the third quarter worth about $499,000. Chemical Bank bought a new position in Welltower during the third quarter worth about $534,000. CORDA Investment Management LLC. bought a new position in Welltower during the third quarter worth about $32,110,000. Finally, Skandinaviska Enskilda Banken AB publ bought a new position in Welltower during the third quarter worth about $4,675,000. Institutional investors and hedge funds own 84.98% of the company’s stock.

WELL opened at $69.48 on Friday. Welltower Inc has a 1 year low of $49.58 and a 1 year high of $69.85. The stock has a market capitalization of $25.96 billion, a price-to-earnings ratio of 17.06, a PEG ratio of 2.89 and a beta of 0.17. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.54 and a current ratio of 1.54.

Welltower (NYSE:WELL) last released its earnings results on Tuesday, October 30th. The real estate investment trust reported $0.17 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.02 by ($0.85). The company had revenue of $1.24 billion during the quarter, compared to analyst estimates of $1.16 billion. Welltower had a net margin of 12.99% and a return on equity of 4.86%. Welltower’s revenue was up 13.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.08 EPS. On average, analysts expect that Welltower Inc will post 4.05 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 21st. Investors of record on Monday, November 12th will be given a $0.87 dividend. This represents a $3.48 dividend on an annualized basis and a dividend yield of 5.01%. The ex-dividend date of this dividend is Friday, November 9th. Welltower’s dividend payout ratio is currently 82.66%.

WELL has been the topic of several recent analyst reports. TheStreet upgraded Welltower from a “c+” rating to a “b” rating in a report on Friday, July 13th. BMO Capital Markets reiterated a “hold” rating and set a $58.00 target price on shares of Welltower in a report on Monday, July 30th. SunTrust Banks set a $64.00 target price on Welltower and gave the stock a “hold” rating in a report on Monday, July 30th. Stifel Nicolaus set a $66.00 target price on Welltower and gave the stock a “buy” rating in a report on Monday, July 30th. Finally, Stephens reiterated a “buy” rating and set a $64.00 target price on shares of Welltower in a report on Tuesday, July 31st. Ten equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $64.21.

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Welltower Profile

Welltower Inc (NYSE:WELL), an S&P 500 company headquartered in Toledo, Ohio, is driving the transformation of health care infrastructure. The company 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.

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Institutional Ownership by Quarter for Welltower (NYSE:WELL)

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