Welltower Inc. (NYSE:WELL) Receives $125.86 Average Target Price from Analysts

Welltower Inc. (NYSE:WELL) has been assigned a consensus rating of “Moderate Buy” from the thirteen brokerages that are currently covering the firm, Marketbeat reports. Four investment analysts have rated the stock with a hold rating, seven have issued a buy rating and two have assigned a strong buy rating to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $127.63.

WELL has been the subject of several recent analyst reports. Mizuho raised their price objective on shares of Welltower from $136.00 to $141.00 and gave the stock an “outperform” rating in a report on Thursday, December 5th. Evercore ISI boosted their price objective on Welltower from $106.00 to $114.00 and gave the company an “in-line” rating in a report on Monday, September 16th. Scotiabank increased their target price on Welltower from $133.00 to $142.00 and gave the stock a “sector outperform” rating in a report on Monday, November 25th. StockNews.com raised shares of Welltower from a “sell” rating to a “hold” rating in a report on Wednesday, October 30th. Finally, Jefferies Financial Group upgraded shares of Welltower from a “hold” rating to a “buy” rating and raised their price target for the stock from $132.00 to $147.00 in a research report on Thursday.

Welltower Trading Up 0.9 %

NYSE WELL opened at $125.82 on Wednesday. The company’s fifty day simple moving average is $132.31 and its 200-day simple moving average is $122.52. The stock has a market cap of $78.35 billion, a P/E ratio of 82.78, a PEG ratio of 2.90 and a beta of 1.20. Welltower has a 52 week low of $85.40 and a 52 week 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 released its quarterly earnings results on Monday, October 28th. The real estate investment trust reported $0.73 EPS for the quarter, missing the consensus estimate of $1.04 by ($0.31). The business had revenue of $2.06 billion during the quarter, compared to analyst estimates of $1.95 billion. Welltower had a return on equity of 3.20% and a net margin of 12.22%. The company’s revenue was up 23.7% compared to the same quarter last year. During the same quarter last year, the firm posted $0.92 EPS. Equities research analysts predict that Welltower will post 4.3 EPS for the current fiscal year.

Welltower Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, November 21st. Shareholders of record on Wednesday, November 13th were given a $0.67 dividend. The ex-dividend date of this dividend was Wednesday, November 13th. This represents a $2.68 dividend on an annualized basis and a yield of 2.13%. Welltower’s dividend payout ratio (DPR) is 176.32%.

Institutional Investors Weigh In On Welltower

Institutional investors and hedge funds have recently bought and sold shares of the business. International Assets Investment Management LLC purchased a new stake in Welltower during the second quarter valued at about $85,000. Rothschild Investment LLC purchased a new stake in shares of Welltower in the second quarter worth approximately $137,000. IFG Advisory LLC purchased a new position in Welltower during the second quarter valued at approximately $257,000. Commonwealth Equity Services LLC grew its position in Welltower by 0.6% during the second quarter. Commonwealth Equity Services LLC now owns 96,710 shares of the real estate investment trust’s stock valued at $10,082,000 after purchasing an additional 597 shares in the last quarter. Finally, Graypoint LLC increased its stake in Welltower by 11.9% in the 2nd quarter. Graypoint LLC now owns 3,007 shares of the real estate investment trust’s stock valued at $313,000 after buying an additional 320 shares during the period. 94.80% of the stock is owned by institutional investors and hedge funds.

About Welltower

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.