Welltower (NYSE:WELL) Price Target Raised to $114.00

Welltower (NYSE:WELL) had its price target lifted by Evercore ISI from $106.00 to $114.00 in a research note issued to investors on Monday, Benzinga reports. The firm currently has an in-line rating on the real estate investment trust’s stock.

Several other equities analysts have also commented on WELL. Royal Bank of Canada upped their target price on Welltower from $101.00 to $114.00 and gave the company a sector perform rating in a research note on Friday, August 9th. Deutsche Bank Aktiengesellschaft raised their target price on shares of Welltower from $115.00 to $137.00 and gave the company a buy rating in a research note on Wednesday, August 21st. Morgan Stanley boosted their price target on Welltower from $103.00 to $107.50 and gave the stock an overweight rating in a research report on Thursday, July 11th. Scotiabank upped their price objective on shares of Welltower from $116.00 to $121.00 and gave the company a sector outperform rating in a research report on Wednesday, August 7th. Finally, StockNews.com upgraded Welltower from a sell rating to a hold rating in a research note on Saturday, August 3rd. Four research analysts have rated the stock with a hold rating, eight have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of Moderate Buy and an average price target of $112.38.

Welltower Trading Down 0.5 %

Shares of WELL stock opened at $129.15 on Monday. The company has a quick ratio of 4.07, a current ratio of 4.07 and a debt-to-equity ratio of 0.47. The business has a fifty day simple moving average of $115.79 and a 200-day simple moving average of $103.81. Welltower has a fifty-two week low of $78.38 and a fifty-two week high of $131.31. The stock has a market cap of $78.67 billion, a P/E ratio of 159.44, a P/E/G ratio of 2.97 and a beta of 1.21.

Welltower (NYSE:WELL) last released its quarterly earnings results on Monday, July 29th. The real estate investment trust reported $0.42 earnings per share for the quarter, topping 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 company had revenue of $1.82 billion during the quarter, compared to the consensus estimate of $1.89 billion. During the same quarter last year, the business posted $0.90 earnings per share. Welltower’s revenue was up 9.6% compared to the same quarter last year. On average, analysts forecast that Welltower will post 4.19 earnings per share for the current fiscal year.

Welltower Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, August 21st. Stockholders of record on Monday, August 12th were given a dividend of $0.67 per share. The ex-dividend date was Monday, August 12th. This represents a $2.68 annualized dividend and a dividend yield of 2.08%. This is a positive change from Welltower’s previous quarterly dividend of $0.61. Welltower’s dividend payout ratio is currently 330.86%.

Institutional Investors Weigh In On Welltower

Several large investors have recently made changes to their positions in WELL. Capital International Investors boosted its holdings in shares of Welltower by 26.4% in the first quarter. Capital International Investors now owns 29,236,326 shares of the real estate investment trust’s stock valued at $2,731,842,000 after acquiring an additional 6,104,064 shares in the last quarter. Vanguard Group Inc. increased its stake in Welltower by 6.4% in the 4th quarter. Vanguard Group Inc. now owns 85,930,671 shares of the real estate investment trust’s stock valued at $7,748,369,000 after buying an additional 5,173,079 shares during the period. Zimmer Partners LP acquired a new position in shares of Welltower in the first quarter worth $309,917,000. Duff & Phelps Investment Management Co. purchased a new stake in shares of Welltower during the 2nd quarter worth about $254,977,000. Finally, Centersquare Investment Management LLC raised its position in Welltower by 19.0% during the first quarter. Centersquare Investment Management LLC now owns 5,329,248 shares of the real estate investment trust’s stock valued at $507,771,000 after acquiring an additional 849,898 shares in the last quarter. Institutional investors and hedge funds own 94.80% of the company’s stock.

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.