Welltower (NYSE:WELL) Given New $115.00 Price Target at KeyCorp

Welltower (NYSE:WELL) had its price objective boosted by KeyCorp from $95.00 to $115.00 in a report released on Tuesday morning, Benzinga reports. The firm currently has an overweight rating on the real estate investment trust’s stock.

Other research analysts have also issued research reports about the company. Wells Fargo & Company increased their target price on Welltower from $107.00 to $111.00 and gave the company an overweight rating in a research report on Thursday, May 30th. StockNews.com lowered Welltower from a hold rating to a sell rating in a report on Sunday. BNP Paribas began coverage on Welltower in a report on Monday, March 18th. They issued an outperform rating and a $104.00 price objective on the stock. Scotiabank raised their price objective on Welltower from $96.00 to $108.00 and gave the company a sector outperform rating in a report on Thursday, May 16th. Finally, Mizuho raised their price objective on Welltower from $98.00 to $105.00 and gave the company a buy rating in a report on Wednesday, May 8th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of Moderate Buy and a consensus target price of $99.50.

Welltower Trading Up 1.9 %

Welltower stock opened at $105.97 on Tuesday. Welltower has a 12 month low of $77.90 and a 12 month high of $105.98. The firm has a market cap of $63.36 billion, a PE ratio of 130.83, a P/E/G ratio of 2.57 and a beta of 1.18. The company has a current ratio of 3.83, a quick ratio of 3.83 and a debt-to-equity ratio of 0.50. The stock’s 50 day simple moving average is $100.63 and its two-hundred day simple moving average is $94.14.

Welltower (NYSE:WELL) last announced its earnings results on Monday, April 29th. The real estate investment trust reported $0.22 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.94 by ($0.72). Welltower had a net margin of 6.37% and a return on equity of 1.77%. The business had revenue of $1.86 billion for the quarter, compared to analysts’ expectations of $1.81 billion. During the same quarter last year, the business earned $0.85 EPS. The company’s quarterly revenue was up 19.2% on a year-over-year basis. Analysts anticipate that Welltower will post 4.12 earnings per share for the current year.

Welltower Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, May 22nd. Shareholders of record on Monday, May 13th were paid a $0.61 dividend. This represents a $2.44 dividend on an annualized basis and a dividend yield of 2.30%. The ex-dividend date of this dividend was Friday, May 10th. Welltower’s dividend payout ratio (DPR) is presently 301.23%.

Insider Buying and Selling

In related news, Director Kenneth J. Bacon sold 1,800 shares of the firm’s stock in a transaction dated Tuesday, June 4th. The stock was sold at an average price of $103.91, for a total transaction of $187,038.00. Following the completion of the sale, the director now directly owns 14,579 shares of the company’s stock, valued at approximately $1,514,903.89. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.12% of the company’s stock.

Hedge Funds Weigh In On Welltower

Institutional investors have recently bought and sold shares of the company. Bruce G. Allen Investments LLC acquired a new position in Welltower in the 4th quarter valued at about $25,000. Rise Advisors LLC purchased a new position in shares of Welltower in the 1st quarter valued at about $27,000. Manchester Capital Management LLC boosted its stake in shares of Welltower by 338.7% in the 1st quarter. Manchester Capital Management LLC now owns 329 shares of the real estate investment trust’s stock valued at $31,000 after buying an additional 254 shares during the period. Scarborough Advisors LLC purchased a new position in shares of Welltower in the 4th quarter valued at about $35,000. Finally, Financial Gravity Asset Management Inc. purchased a new position in shares of Welltower in the 3rd quarter valued at about $38,000. 94.80% of the stock is owned by institutional investors and hedge funds.

About Welltower

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.