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

Rainey & Randall Wealth Advisors Inc. lessened its stake in Welltower Inc. (NYSE:WELL) by 7.8% in the 4th quarter, Holdings Channel.com reports. The firm owned 28,146 shares of the real estate investment trust’s stock after selling 2,367 shares during the period. Welltower makes up about 0.7% of Rainey & Randall Wealth Advisors Inc.’s investment portfolio, making the stock its 21st biggest position. Rainey & Randall Wealth Advisors Inc.’s holdings in Welltower were worth $3,547,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in Welltower by 638.0% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 6,920,426 shares of the real estate investment trust’s stock valued at $886,022,000 after purchasing an additional 5,982,711 shares during the last quarter. FMR LLC increased its holdings in shares of Welltower by 38.1% during the 3rd quarter. FMR LLC now owns 14,428,564 shares of the real estate investment trust’s stock worth $1,847,289,000 after buying an additional 3,977,845 shares during the last quarter. Wellington Management Group LLP raised its position in shares of Welltower by 10.6% during the 3rd quarter. Wellington Management Group LLP now owns 18,685,844 shares of the real estate investment trust’s stock valued at $2,392,349,000 after buying an additional 1,797,330 shares during the period. Barclays PLC lifted its holdings in Welltower by 29.2% in the third quarter. Barclays PLC now owns 1,684,446 shares of the real estate investment trust’s stock valued at $215,659,000 after acquiring an additional 380,888 shares during the last quarter. Finally, Nordea Investment Management AB grew its position in Welltower by 28.1% in the fourth quarter. Nordea Investment Management AB now owns 1,477,388 shares of the real estate investment trust’s stock worth $185,649,000 after acquiring an additional 324,520 shares during the period. Hedge funds and other institutional investors own 94.80% of the company’s stock.

Welltower Price Performance

Welltower stock opened at $148.69 on Friday. 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 $152.81. The firm has a market cap of $95.35 billion, a PE ratio of 95.31, a price-to-earnings-growth ratio of 2.87 and a beta of 1.23. The company’s 50 day moving average is $133.83 and its two-hundred day moving average is $130.25.

Welltower (NYSE:WELL) last released its earnings results on Tuesday, February 11th. The real estate investment trust reported $1.13 EPS for the quarter, topping 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, research analysts expect that Welltower Inc. will post 4.88 EPS for the current fiscal year.

Welltower Announces Dividend

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

Wall Street Analysts Forecast Growth

WELL has been the topic of a number of research analyst reports. Mizuho lifted their target price on Welltower from $136.00 to $141.00 and gave the company an “outperform” rating in a research report on Thursday, December 5th. Bank of America boosted their price objective on shares of Welltower from $221.00 to $242.00 and gave the company a “buy” rating in a report on Tuesday, February 18th. StockNews.com cut shares of Welltower from a “hold” rating to a “sell” rating in a research report on Thursday, February 13th. Wedbush upgraded shares of Welltower from a “neutral” rating to an “outperform” rating and lifted their price target for the company from $145.00 to $167.00 in a research report on Friday, February 14th. Finally, Raymond James upped their price objective on shares of Welltower from $145.00 to $155.00 and gave the stock a “strong-buy” rating in a report on Monday, December 16th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, Welltower currently has an average rating of “Moderate Buy” and an average price target of $140.19.

Welltower Company 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.