Welltower Inc. (NYSE:WELL) Shares Acquired by Rainey & Randall Investment Management Inc.

Rainey & Randall Investment Management Inc. grew its holdings in Welltower Inc. (NYSE:WELL) by 0.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 30,495 shares of the real estate investment trust’s stock after purchasing an additional 180 shares during the period. Welltower makes up 0.7% of Rainey & Randall Investment Management Inc.’s investment portfolio, making the stock its 18th largest position. Rainey & Randall Investment Management Inc.’s holdings in Welltower were worth $2,750,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Cetera Trust Company N.A acquired a new position in Welltower during the 4th quarter worth about $291,000. Handelsbanken Fonder AB lifted its stake in Welltower by 10.0% during the 4th quarter. Handelsbanken Fonder AB now owns 214,289 shares of the real estate investment trust’s stock worth $19,322,000 after acquiring an additional 19,459 shares in the last quarter. CWM LLC lifted its stake in Welltower by 2.3% during the 4th quarter. CWM LLC now owns 12,987 shares of the real estate investment trust’s stock worth $1,171,000 after acquiring an additional 292 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd lifted its stake in Welltower by 6.9% during the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 157,645 shares of the real estate investment trust’s stock worth $14,215,000 after acquiring an additional 10,169 shares in the last quarter. Finally, Signaturefd LLC lifted its stake in Welltower by 7.1% during the 4th quarter. Signaturefd LLC now owns 8,531 shares of the real estate investment trust’s stock worth $769,000 after acquiring an additional 563 shares in the last quarter. Institutional investors and hedge funds own 94.80% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have issued reports on WELL shares. Scotiabank reduced their price target on Welltower from $97.00 to $96.00 and set a “sector outperform” rating on the stock in a research report on Monday, March 4th. StockNews.com lowered Welltower from a “hold” rating to a “sell” rating in a research report on Friday, March 29th. Mizuho increased their price target on Welltower from $90.00 to $98.00 and gave the company a “buy” rating in a research report on Wednesday, January 3rd. BNP Paribas started coverage on Welltower in a research report on Monday, March 18th. They issued an “outperform” rating and a $104.00 price target on the stock. Finally, KeyCorp increased their price target on Welltower from $90.00 to $95.00 and gave the company an “overweight” rating in a research report on Friday, January 5th. One research analyst has rated the stock with a sell rating, four have given a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, Welltower has a consensus rating of “Moderate Buy” and an average price target of $95.57.

Welltower Stock Up 0.6 %

Shares of WELL traded up $0.51 during mid-day trading on Friday, reaching $91.32. The company’s stock had a trading volume of 1,901,567 shares, compared to its average volume of 2,154,325. The company’s 50 day moving average is $91.83 and its 200 day moving average is $89.11. The stock has a market cap of $53.97 billion, a PE ratio of 142.69, a price-to-earnings-growth ratio of 2.32 and a beta of 1.08. The company has a debt-to-equity ratio of 0.60, a current ratio of 3.22 and a quick ratio of 3.22. Welltower Inc. has a 12-month low of $72.47 and a 12-month high of $94.63.

Welltower (NYSE:WELL) last released its quarterly earnings results on Tuesday, February 13th. The real estate investment trust reported $0.15 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.94 by ($0.79). The firm had revenue of $1.75 billion for the quarter, compared to analysts’ expectations of $1.72 billion. Welltower had a return on equity of 1.47% and a net margin of 5.12%. The company’s quarterly revenue was up 15.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.83 EPS. Equities analysts anticipate that Welltower Inc. will post 4.04 EPS for the current fiscal year.

Welltower Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 7th. Investors of record on Friday, February 23rd were paid a dividend of $0.61 per share. The ex-dividend date of this dividend was Thursday, February 22nd. This represents a $2.44 dividend on an annualized basis and a yield of 2.67%. Welltower’s dividend payout ratio is presently 381.26%.

Welltower Profile

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.