Welltower Inc. (NYSE:WELL) Shares Sold by Rainey & Randall Wealth Advisors Inc.

Rainey & Randall Wealth Advisors Inc. decreased its stake in shares of Welltower Inc. (NYSE:WELL) by 7.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 28,146 shares of the real estate investment trust’s stock after selling 2,367 shares during the quarter. Welltower comprises 0.7% of Rainey & Randall Wealth Advisors Inc.’s holdings, making the stock its 21st biggest position. Rainey & Randall Wealth Advisors Inc.’s holdings in Welltower were worth $3,547,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also bought and sold shares of WELL. Roxbury Financial LLC purchased a new position in shares of Welltower in the fourth quarter worth about $26,000. Laurel Wealth Advisors LLC acquired a new position in Welltower in the 4th quarter worth approximately $25,000. Sierra Ocean LLC purchased a new position in shares of Welltower during the fourth quarter worth $28,000. Fortitude Family Office LLC raised its stake in shares of Welltower by 37.0% during the 3rd quarter. Fortitude Family Office LLC now owns 289 shares of the real estate investment trust’s stock valued at $37,000 after buying an additional 78 shares during the last quarter. Finally, Versant Capital Management Inc lifted its holdings in shares of Welltower by 165.5% in the 4th quarter. Versant Capital Management Inc now owns 300 shares of the real estate investment trust’s stock valued at $38,000 after buying an additional 187 shares during the period. Institutional investors and hedge funds own 94.80% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently commented on the company. Jefferies Financial Group raised Welltower from a “hold” rating to a “buy” rating and raised their target price for the stock from $132.00 to $147.00 in a report on Thursday, January 2nd. Scotiabank raised their price objective on shares of Welltower from $142.00 to $144.00 and gave the stock a “sector outperform” rating in a research note on Monday, January 27th. Wedbush upgraded shares of Welltower from a “neutral” rating to an “outperform” rating and boosted their target price for the company from $145.00 to $167.00 in a research note on Friday, February 14th. Raymond James raised their price target on shares of Welltower from $145.00 to $155.00 and gave the company a “strong-buy” rating in a research report on Monday, December 16th. Finally, Mizuho lifted their price objective on shares of Welltower from $136.00 to $141.00 and gave the company an “outperform” rating in a report on Thursday, December 5th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Welltower currently has a consensus rating of “Moderate Buy” and an average price target of $140.19.

Welltower Trading Down 1.1 %

Shares of Welltower stock opened at $148.69 on Friday. The company has a current ratio of 4.22, a quick ratio of 4.22 and a debt-to-equity ratio of 0.48. Welltower Inc. has a twelve month low of $87.87 and a twelve month high of $152.81. The firm has a market capitalization of $95.35 billion, a PE ratio of 95.31, a P/E/G ratio of 2.87 and a beta of 1.23. The firm’s 50-day moving average price is $133.83 and its 200 day moving average price is $130.25.

Welltower (NYSE:WELL) last released its earnings results on Tuesday, February 11th. The real estate investment trust reported $1.13 earnings per share for the quarter, beating the consensus estimate of $0.40 by $0.73. Welltower had a return on equity of 3.15% and a net margin of 11.91%. On average, sell-side analysts predict that Welltower Inc. will post 4.88 EPS for the current fiscal year.

Welltower Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 6th. Shareholders of record on Tuesday, February 25th will be paid a dividend of $0.67 per share. The ex-dividend date is Tuesday, February 25th. This represents a $2.68 annualized dividend and a yield of 1.80%. Welltower’s dividend payout ratio (DPR) is presently 171.79%.

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.