Item 5. Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities

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Item 5. Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities

There were 4,761 stockholders of record as of January 31, 2018. The following table sets forth, for the periods indicated, the high and low prices of our common stock on the New York Stock Exchange (NYSE:WELL), and common dividends paid per share:

		Sales Price				Dividends Paid
		High		Low		Per Share
2017
	First Quarter	$	71.17	$	64.63	$	0.87
	Second Quarter		78.17		68.66		0.87
	Third Quarter		75.91		69.77		0.87
	Fourth Quarter		70.87		63.06		0.87

2016
	First Quarter	$	70.45	$	52.80	$	0.86
	Second Quarter		76.24		66.55		0.86
	Third Quarter		80.19		72.34		0.86
	Fourth Quarter		74.85		59.39		0.86

Our Board of Directors has approved a 2018 quarterly cash dividend rate of $0.87 per share of common stock per quarter, commencing with the February 2018 dividend. The declaration and payment of quarterly dividends remains subject to the review and approval of the Board of Directors.

Stockholder Return Performance Presentation

Set forth below is a line graph comparing the yearly percentage change and the cumulative total stockholder return on our shares of common stock against the cumulative total return of the S & P Composite-500 Stock Index and the FTSE NAREIT Equity Index. As of December 31, 2017, 157 companies comprised the FTSE NAREIT Equity Index, which consists of REITs identified by NAREIT as equity (those REITs which have at least 75% of their investments in real property). The data are based on the closing prices as of December 31 for each of the five years. 2012 equals $100 and dividends are assumed to be reinvested.

	12/31/12	12/31/13	12/31/14	12/31/15	12/31/16	12/31/17
S & P 500	100.00	132.39	150.51	152.59	170.84	208.14
Welltower Inc.	100.00	91.58	136.01	128.23	132.55	132.81
FTSE NAREIT Equity	100.00	102.47	133.35	137.61	149.33	157.14

Except to the extent that we specifically incorporate this information by reference, the foregoing Stockholder Return Performance Presentation shall not be deemed incorporated by reference by any general statement incorporating by reference this Annual Report on Form 10-K into any filing under the Securities Act of 1933, as amended, or under the Securities Exchange Act of 1934, as amended. This information shall not otherwise be deemed filed under such Acts.

Issuer Purchases of Equity Securities
Period	Total Number of Shares Purchased(1)	Average Price Paid Per Share		Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs(2)	Maximum Number of Shares that May Yet Be Purchased Under the Plans or Programs
October 1, 2017 through October 31, 2017	-	$	-
November 1, 2017 through November 30, 2017	249		68.46
December 1, 2017 through December 31, 2017	32,072		67.94
Totals	32,321	$	67.94

(1) During the three months ended December 31, 2017, the Company acquired shares of common stock held by employees who tendered owned shares to satisfy tax withholding obligations.
(2) No shares were purchased as part of publicly announced plans or programs.

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