Welltower (NYSE:WELL) Stock Rating Upgraded by StockNews.com

StockNews.com upgraded shares of Welltower (NYSE:WELL) from a sell rating to a hold rating in a research note released on Tuesday.

Other analysts have also issued reports about the stock. Scotiabank increased their price target on shares of Welltower from $165.00 to $166.00 and gave the company a “sector outperform” rating in a research report on Thursday, March 6th. Evercore ISI raised their target price on shares of Welltower from $144.00 to $145.00 and gave the stock an “in-line” rating in a research report on Tuesday, March 4th. Royal Bank of Canada upgraded shares of Welltower from a “sector perform” rating to an “outperform” rating and raised their target price for the stock from $146.00 to $168.00 in a research report on Friday, February 28th. Wedbush upgraded shares of Welltower from a “neutral” rating to an “outperform” rating and raised their target price for the stock from $145.00 to $167.00 in a research report on Friday, February 14th. Finally, Wells Fargo & Company raised their target price on shares of Welltower from $140.00 to $158.00 and gave the stock an “equal weight” rating in a research report on Monday, March 10th. Three investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $156.46.

Welltower Trading Down 0.7 %

Shares of WELL opened at $147.77 on Tuesday. The company has a current ratio of 4.22, a quick ratio of 4.22 and a debt-to-equity ratio of 0.48. The firm’s 50-day moving average is $143.06 and its two-hundred day moving average is $134.44. Welltower has a twelve month low of $87.87 and a twelve month high of $158.55. The firm has a market capitalization of $94.76 billion, a P/E ratio of 94.72, a PEG ratio of 2.87 and a beta of 1.20.

Welltower (NYSE:WELL) last issued its earnings results on Tuesday, February 11th. The real estate investment trust reported $1.13 earnings per share for the quarter, topping the consensus estimate of $0.40 by $0.73. Welltower had a net margin of 11.91% and a return on equity of 3.15%. On average, research analysts predict that Welltower will post 4.88 earnings per share for the current fiscal year.

Welltower Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 6th. Investors of record on Tuesday, February 25th were issued a $0.67 dividend. The ex-dividend date was Tuesday, February 25th. This represents a $2.68 dividend on an annualized basis and a dividend yield of 1.81%. Welltower’s payout ratio is currently 171.79%.

Institutional Trading of Welltower

A number of hedge funds and other institutional investors have recently made changes to their positions in WELL. Geller Advisors LLC increased its position in shares of Welltower by 3.7% in the fourth quarter. Geller Advisors LLC now owns 1,911 shares of the real estate investment trust’s stock worth $241,000 after acquiring an additional 69 shares in the last quarter. Mather Group LLC. increased its position in shares of Welltower by 3.8% in the fourth quarter. Mather Group LLC. now owns 2,053 shares of the real estate investment trust’s stock worth $259,000 after acquiring an additional 75 shares in the last quarter. Childress Capital Advisors LLC increased its position in shares of Welltower by 3.7% in the fourth quarter. Childress Capital Advisors LLC now owns 2,152 shares of the real estate investment trust’s stock worth $271,000 after acquiring an additional 76 shares in the last quarter. Woodmont Investment Counsel LLC increased its position in shares of Welltower by 3.8% in the fourth quarter. Woodmont Investment Counsel LLC now owns 2,213 shares of the real estate investment trust’s stock worth $279,000 after acquiring an additional 81 shares in the last quarter. Finally, Wealthspire Advisors LLC increased its position in shares of Welltower by 2.5% in the fourth quarter. Wealthspire Advisors LLC now owns 3,451 shares of the real estate investment trust’s stock worth $435,000 after acquiring an additional 83 shares in the last quarter. 94.80% of the stock is currently owned by institutional investors.

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.