Welltower Inc. (NYSE:WELL) Receives $168.18 Average Target Price from Brokerages

Shares of Welltower Inc. (NYSE:WELL - Get Free Report) have been given an average rating of "Moderate Buy" by the twelve analysts that are presently covering the firm, MarketBeat.com reports. One analyst has rated the stock with a sell rating, one has issued a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $168.18.

A number of analysts recently issued reports on the company. Wall Street Zen downgraded Welltower from a "hold" rating to a "sell" rating in a research report on Thursday, May 8th. Scotiabank reissued an "outperform" rating on shares of Welltower in a research report on Monday, June 23rd. Evercore ISI raised their price objective on Welltower from $145.00 to $157.00 and gave the stock an "in-line" rating in a research report on Thursday, May 1st. Morgan Stanley raised their price objective on Welltower from $155.00 to $160.00 and gave the stock an "overweight" rating in a research report on Tuesday, May 6th. Finally, Wells Fargo & Company raised their price objective on Welltower from $158.00 to $175.00 and gave the stock an "overweight" rating in a research report on Monday, June 2nd.

Insiders Place Their Bets

In related news, Director Andrew Gundlach acquired 20,000 shares of the firm's stock in a transaction that occurred on Monday, June 30th. The shares were acquired at an average price of $151.46 per share, with a total value of $3,029,200.00. Following the completion of the purchase, the director directly owned 20,000 shares in the company, valued at approximately $3,029,200. The trade was a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.21% of the company's stock.

Hedge Funds Weigh In On Welltower

Large investors have recently added to or reduced their stakes in the business. SouthState Corp raised its holdings in shares of Welltower by 704.8% in the 1st quarter. SouthState Corp now owns 169 shares of the real estate investment trust's stock worth $26,000 after purchasing an additional 148 shares during the period. Wealth Preservation Advisors LLC acquired a new stake in shares of Welltower in the first quarter valued at about $27,000. Harbor Capital Advisors Inc. acquired a new stake in shares of Welltower in the first quarter valued at about $28,000. Smallwood Wealth Investment Management LLC acquired a new stake in shares of Welltower in the first quarter valued at about $28,000. Finally, Hughes Financial Services LLC acquired a new stake in shares of Welltower in the first quarter valued at about $31,000. 94.80% of the stock is currently owned by hedge funds and other institutional investors.

Welltower Stock Performance

NYSE:WELL traded up $1.33 during midday trading on Friday, hitting $158.96. The company's stock had a trading volume of 1,559,647 shares, compared to its average volume of 2,903,296. Welltower has a fifty-two week low of $106.98 and a fifty-two week high of $159.57. The firm's 50 day moving average is $152.07 and its 200-day moving average is $146.61. The company has a debt-to-equity ratio of 0.46, a current ratio of 4.23 and a quick ratio of 4.23. The firm has a market cap of $103.95 billion, a P/E ratio of 91.36, a P/E/G ratio of 1.85 and a beta of 0.92.

Welltower (NYSE:WELL - Get Free Report) last issued its quarterly earnings data on Monday, April 28th. The real estate investment trust reported $1.20 EPS for the quarter, topping analysts' consensus estimates of $1.15 by $0.05. Welltower had a net margin of 12.65% and a return on equity of 3.41%. The business had revenue of $2.42 billion for the quarter, compared to analysts' expectations of $2.40 billion. During the same quarter last year, the company earned $1.01 EPS. The business's revenue was up 30.3% on a year-over-year basis. Equities analysts anticipate that Welltower will post 4.88 earnings per share for the current fiscal year.

Welltower Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 22nd. Investors of record on Wednesday, May 14th were issued a dividend of $0.67 per share. This represents a $2.68 dividend on an annualized basis and a yield of 1.69%. The ex-dividend date was Wednesday, May 14th. Welltower's dividend payout ratio is presently 154.02%.

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.