Welltower (NYSE:WELL) Reaches New 52-Week High at $94.81

Welltower Inc. (NYSE:WELL - Get Free Report) reached a new 52-week high on Friday . The stock traded as high as $94.81 and last traded at $94.59, with a volume of 56895 shares. The stock had previously closed at $94.00.

Wall Street Analysts Forecast Growth

WELL has been the subject of a number of research reports. Mizuho raised their price target on shares of Welltower from $90.00 to $98.00 and gave the company a "buy" rating in a report on Wednesday, January 3rd. BNP Paribas initiated coverage on shares of Welltower in a report on Monday, March 18th. They issued an "outperform" rating and a $104.00 price target for the company. KeyCorp raised their price target on shares of Welltower from $90.00 to $95.00 and gave the company an "overweight" rating in a report on Friday, January 5th. Scotiabank lowered their price target on shares of Welltower from $97.00 to $96.00 and set a "sector outperform" rating for the company in a report on Monday, March 4th. Finally, StockNews.com lowered shares of Welltower from a "hold" rating to a "sell" rating in a report on Friday, March 29th. One research analyst has rated the stock with a sell rating, four have issued a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $95.57.

Welltower Trading Up 0.4 %

The business's 50-day moving average price is $92.06 and its two-hundred day moving average price is $89.40. The company has a market capitalization of $55.76 billion, a P/E ratio of 147.41, a PEG ratio of 2.38 and a beta of 1.08. The company has a debt-to-equity ratio of 0.60, a current ratio of 3.22 and a quick ratio of 3.22.

Welltower (NYSE:WELL - Get Free Report) last announced its quarterly earnings results on Tuesday, February 13th. The real estate investment trust reported $0.15 earnings per share for the quarter, missing analysts' consensus estimates of $0.94 by ($0.79). The firm had revenue of $1.75 billion for the quarter, compared to the consensus estimate of $1.72 billion. Welltower had a return on equity of 1.47% and a net margin of 5.12%. The company's revenue for the quarter was up 15.2% compared to the same quarter last year. During the same period in the prior year, the business earned $0.83 earnings per share. As a group, analysts forecast that Welltower Inc. will post 4.04 EPS for the current fiscal year.

Welltower Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 7th. Investors of record on Friday, February 23rd were given a $0.61 dividend. The ex-dividend date of this dividend was Thursday, February 22nd. This represents a $2.44 annualized dividend and a yield of 2.59%. Welltower's dividend payout ratio is currently 381.26%.

Institutional Investors Weigh In On Welltower

Institutional investors have recently added to or reduced their stakes in the stock. Bruce G. Allen Investments LLC acquired a new position in shares of Welltower during the 4th quarter worth about $25,000. Headlands Technologies LLC boosted its holdings in Welltower by 479.6% in the 3rd quarter. Headlands Technologies LLC now owns 313 shares of the real estate investment trust's stock valued at $26,000 after purchasing an additional 259 shares during the period. Rise Advisors LLC bought a new stake in shares of Welltower during the 1st quarter worth approximately $27,000. FinTrust Capital Advisors LLC lifted its holdings in shares of Welltower by 117.8% during the 3rd quarter. FinTrust Capital Advisors LLC now owns 342 shares of the real estate investment trust's stock worth $28,000 after acquiring an additional 185 shares during the period. Finally, Scarborough Advisors LLC bought a new stake in shares of Welltower during the 4th quarter worth approximately $35,000. 94.80% of the stock is owned by institutional investors.

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.