RDA Financial Network Sells 655 Shares of Welltower Inc. (NYSE:WELL)

RDA Financial Network decreased its position in Welltower Inc. (NYSE:WELL) by 4.3% during the 4th quarter, Holdings Channel.com reports. The fund owned 14,736 shares of the real estate investment trust’s stock after selling 655 shares during the quarter. RDA Financial Network’s holdings in Welltower were worth $1,857,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in WELL. Laurel Wealth Advisors LLC acquired a new stake in Welltower during the 4th quarter worth $25,000. Fortitude Family Office LLC boosted its position in shares of Welltower by 37.0% in the 3rd quarter. Fortitude Family Office LLC now owns 289 shares of the real estate investment trust’s stock worth $37,000 after purchasing an additional 78 shares during the last quarter. Versant Capital Management Inc boosted its position 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 worth $38,000 after purchasing an additional 187 shares during the last quarter. Ashton Thomas Securities LLC acquired a new stake in shares of Welltower during the third quarter worth $50,000. Finally, FSA Wealth Management LLC bought a new stake in Welltower in the third quarter valued at about $59,000. 94.80% of the stock is currently owned by institutional investors and hedge funds.

Welltower Price Performance

WELL stock opened at $128.73 on Friday. The stock has a market cap of $80.16 billion, a PE ratio of 84.69, a price-to-earnings-growth ratio of 2.52 and a beta of 1.22. The stock has a 50-day moving average price of $130.78 and a two-hundred day moving average price of $124.08. Welltower Inc. has a 1 year low of $85.40 and a 1 year high of $140.75. The company has a current ratio of 4.10, a quick ratio of 4.10 and a debt-to-equity ratio of 0.51.

Welltower (NYSE:WELL) last announced its earnings results on Monday, October 28th. The real estate investment trust reported $0.73 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.04 by ($0.31). The firm had revenue of $2.06 billion during the quarter, compared to analyst estimates of $1.95 billion. Welltower had a net margin of 12.22% and a return on equity of 3.20%. The firm’s quarterly revenue was up 23.7% compared to the same quarter last year. During the same period in the prior year, the business posted $0.92 EPS. Equities analysts forecast that Welltower Inc. will post 4.3 EPS for the current fiscal year.

Welltower Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, November 21st. Investors of record on Wednesday, November 13th were issued a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a yield of 2.08%. The ex-dividend date was Wednesday, November 13th. Welltower’s payout ratio is 176.32%.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on WELL shares. StockNews.com upgraded Welltower from a “sell” rating to a “hold” rating in a research report on Wednesday, October 30th. Raymond James boosted their price objective on shares of Welltower from $145.00 to $155.00 and gave the company a “strong-buy” rating in a report on Monday, December 16th. Wells Fargo & Company reiterated an “equal weight” rating and issued a $135.00 target price (up from $134.00) on shares of Welltower in a report on Tuesday, October 1st. Jefferies Financial Group raised shares of Welltower from a “hold” rating to a “buy” rating and lifted their price target for the stock from $132.00 to $147.00 in a research report on Thursday, January 2nd. Finally, Scotiabank upped their price objective on shares of Welltower from $133.00 to $142.00 and gave the company a “sector outperform” rating in a research report on Monday, November 25th. Five research analysts have rated the stock with a hold rating, seven have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $127.63.

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.