Frank Rimerman Advisors LLC Has $994,000 Stock Position in Welltower Inc. (NYSE:WELL)

Frank Rimerman Advisors LLC increased its stake in shares of Welltower Inc. (NYSE:WELL) by 27,142.9% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,535 shares of the real estate investment trust’s stock after buying an additional 9,500 shares during the period. Frank Rimerman Advisors LLC’s holdings in Welltower were worth $994,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. First Foundation Advisors acquired a new position in Welltower during the 2nd quarter worth about $26,000. Rise Advisors LLC bought a new stake in Welltower during the 1st quarter worth about $27,000. TruNorth Capital Management LLC bought a new stake in Welltower during the 2nd quarter worth about $27,000. Meeder Asset Management Inc. bought a new stake in Welltower during the 2nd quarter worth about $30,000. Finally, Manchester Capital Management LLC raised its holdings in Welltower by 338.7% during the 1st quarter. Manchester Capital Management LLC now owns 329 shares of the real estate investment trust’s stock worth $31,000 after purchasing an additional 254 shares during the last quarter. Institutional investors and hedge funds own 94.80% of the company’s stock.

Welltower Price Performance

Shares of WELL opened at $125.27 on Monday. The company has a debt-to-equity ratio of 0.47, a quick ratio of 4.07 and a current ratio of 4.07. The stock has a 50 day simple moving average of $117.54 and a 200 day simple moving average of $104.77. Welltower Inc. has a 52-week low of $78.38 and a 52-week high of $131.31. The firm has a market capitalization of $74.90 billion, a PE ratio of 154.65, a P/E/G ratio of 2.97 and a beta of 1.21.

Welltower (NYSE:WELL) last issued its quarterly earnings data on Monday, July 29th. The real estate investment trust reported $0.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.34 by $0.08. Welltower had a return on equity of 2.21% and a net margin of 8.36%. The business had revenue of $1.82 billion during the quarter, compared to analyst estimates of $1.89 billion. During the same period in the previous year, the firm earned $0.90 EPS. Welltower’s quarterly revenue was up 9.6% compared to the same quarter last year. Sell-side analysts predict that Welltower Inc. will post 4.19 EPS for the current fiscal year.

Welltower Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, August 21st. Investors of record on Monday, August 12th were given a $0.67 dividend. The ex-dividend date of this dividend was Monday, August 12th. This is a positive change from Welltower’s previous quarterly dividend of $0.61. This represents a $2.68 annualized dividend and a dividend yield of 2.14%. Welltower’s payout ratio is currently 330.86%.

Wall Street Analysts Forecast Growth

WELL has been the subject of several recent research reports. Deutsche Bank Aktiengesellschaft boosted their price objective on Welltower from $115.00 to $137.00 and gave the stock a “buy” rating in a report on Wednesday, August 21st. Wedbush boosted their price objective on Welltower from $100.00 to $120.00 and gave the stock a “neutral” rating in a report on Monday, August 5th. Royal Bank of Canada boosted their price objective on Welltower from $101.00 to $114.00 and gave the stock a “sector perform” rating in a report on Friday, August 9th. KeyCorp boosted their price objective on Welltower from $95.00 to $115.00 and gave the stock an “overweight” rating in a report on Tuesday, July 2nd. Finally, Evercore ISI upped their price target on Welltower from $106.00 to $114.00 and gave the company an “in-line” rating in a research note on Monday, September 16th. Four investment analysts have rated the stock with a hold rating, eight have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $112.38.

Welltower Company 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.