Sentry Investment Management LLC Has $245,000 Holdings in Welltower Inc. (NYSE:WELL)

Sentry Investment Management LLC cut its stake in shares of Welltower Inc. (NYSE:WELL) by 9.7% in the 4th quarter, HoldingsChannel reports. The fund owned 2,720 shares of the real estate investment trust’s stock after selling 292 shares during the quarter. Sentry Investment Management LLC’s holdings in Welltower were worth $245,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in WELL. Bruce G. Allen Investments LLC bought a new position in shares of Welltower during the fourth quarter worth approximately $25,000. Headlands Technologies LLC increased its stake in Welltower by 479.6% in the third quarter. Headlands Technologies LLC now owns 313 shares of the real estate investment trust’s stock valued at $26,000 after acquiring an additional 259 shares during the last quarter. First Capital Advisors Group LLC. bought a new position in Welltower in the second quarter valued at approximately $26,000. Compass Wealth Management LLC bought a new position in Welltower in the fourth quarter valued at approximately $26,000. Finally, FinTrust Capital Advisors LLC increased its stake in Welltower by 117.8% in the third quarter. FinTrust Capital Advisors LLC now owns 342 shares of the real estate investment trust’s stock valued at $28,000 after acquiring an additional 185 shares during the last quarter. 94.80% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the stock. Scotiabank decreased their price objective on shares of Welltower from $97.00 to $96.00 and set a “sector outperform” rating on the stock in a research note on Monday, March 4th. KeyCorp lifted their price objective on shares of Welltower from $90.00 to $95.00 and gave the company an “overweight” rating in a research note on Friday, January 5th. Deutsche Bank Aktiengesellschaft began coverage on shares of Welltower in a research note on Tuesday, January 30th. They issued a “buy” rating and a $115.00 price objective on the stock. StockNews.com cut shares of Welltower from a “hold” rating to a “sell” rating in a research note on Friday, March 29th. Finally, BNP Paribas began coverage on shares of Welltower in a research note on Monday, March 18th. They set an “outperform” rating and a $104.00 target price on the stock. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $95.57.

Welltower Price Performance

Shares of NYSE:WELL opened at $88.31 on Wednesday. The firm has a market cap of $52.20 billion, a PE ratio of 137.99, a price-to-earnings-growth ratio of 2.27 and a beta of 1.08. The company has a debt-to-equity ratio of 0.60, a quick ratio of 3.22 and a current ratio of 3.22. Welltower Inc. has a 52 week low of $72.47 and a 52 week high of $94.63. The firm’s fifty day moving average is $91.62 and its 200-day moving average is $88.90.

Welltower (NYSE:WELL) last released its earnings results on Tuesday, February 13th. The real estate investment trust reported $0.15 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.94 by ($0.79). The firm had revenue of $1.75 billion during the quarter, compared to analyst estimates of $1.72 billion. Welltower had a net margin of 5.12% and a return on equity of 1.47%. Welltower’s quarterly revenue was up 15.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.83 EPS. Sell-side analysts predict that Welltower Inc. will post 4.03 earnings per share for the current year.

Welltower Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 7th. Investors of record on Friday, February 23rd were issued a $0.61 dividend. The ex-dividend date of this dividend was Thursday, February 22nd. This represents a $2.44 annualized dividend and a yield of 2.76%. Welltower’s payout ratio is 381.26%.

About Welltower

Welltower Inc (NYSE:WELL), a 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 and infrastructure needed to scale innovative care delivery models and improve people's wellness and overall health care experience.