Welltower Inc. (NYSE:WELL - Get Free Report) has received an average rating of "Moderate Buy" from the thirteen analysts that are covering the company, Marketbeat reports. One research analyst has rated the stock with a sell rating, two have issued a hold rating, eight have issued a buy rating and two have issued a strong buy rating on the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $161.83.
A number of research firms have recently issued reports on WELL. Scotiabank raised their price target on shares of Welltower from $165.00 to $166.00 and gave the stock a "sector outperform" rating in a research report on Thursday, March 6th. Royal Bank of Canada upgraded shares of Welltower from a "sector perform" rating to an "outperform" rating and raised their price objective for the company from $146.00 to $168.00 in a research note on Friday, February 28th. Morgan Stanley raised their price objective on shares of Welltower from $155.00 to $160.00 and gave the company an "overweight" rating in a research report on Tuesday. Wells Fargo & Company reiterated an "equal weight" rating on shares of Welltower in a research report on Thursday, April 17th. Finally, Mizuho boosted their target price on shares of Welltower from $141.00 to $170.00 and gave the company an "outperform" rating in a research note on Tuesday, March 18th.
Check Out Our Latest Research Report on Welltower
Welltower Stock Down 2.0 %
NYSE WELL traded down $3.05 on Tuesday, reaching $148.29. The company had a trading volume of 2,604,989 shares, compared to its average volume of 2,892,834. The firm has a market capitalization of $96.97 billion, a PE ratio of 95.06, a P/E/G ratio of 2.87 and a beta of 0.94. The firm has a 50-day moving average of $148.01 and a 200-day moving average of $139.49. Welltower has a 1 year low of $97.88 and a 1 year high of $158.55. The company has a debt-to-equity ratio of 0.48, a current ratio of 4.22 and a quick ratio of 4.22.
Welltower (NYSE:WELL - Get Free Report) last released its quarterly earnings results on Monday, April 28th. The real estate investment trust reported $1.20 EPS for the quarter, topping the consensus estimate of $1.15 by $0.05. The business had revenue of $2.42 billion for the quarter, compared to analysts' expectations of $2.40 billion. Welltower had a return on equity of 3.15% and a net margin of 11.91%. The company's revenue was up 30.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.01 earnings per share. On average, equities research analysts anticipate that Welltower will post 4.88 EPS for the current fiscal year.
Welltower Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 22nd. Shareholders of record on Wednesday, May 14th will be issued a dividend of $0.67 per share. This represents a $2.68 dividend on an annualized basis and a yield of 1.81%. The ex-dividend date of this dividend is Wednesday, May 14th. Welltower's dividend payout ratio is presently 154.02%.
Hedge Funds Weigh In On Welltower
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Geller Advisors LLC grew its stake in Welltower by 3.7% in the fourth quarter. Geller Advisors LLC now owns 1,911 shares of the real estate investment trust's stock valued at $241,000 after acquiring an additional 69 shares during the period. Good Life Advisors LLC increased its stake in Welltower by 1.2% in the 1st quarter. Good Life Advisors LLC now owns 5,744 shares of the real estate investment trust's stock valued at $880,000 after buying an additional 69 shares during the last quarter. Sivia Capital Partners LLC boosted its position in Welltower by 4.3% during the first quarter. Sivia Capital Partners LLC now owns 1,783 shares of the real estate investment trust's stock valued at $273,000 after purchasing an additional 73 shares during the last quarter. Sound View Wealth Advisors Group LLC increased its holdings in Welltower by 2.0% during the first quarter. Sound View Wealth Advisors Group LLC now owns 3,644 shares of the real estate investment trust's stock worth $558,000 after buying an additional 73 shares during the last quarter. Finally, Mather Group LLC. increased its stake in shares of Welltower by 3.8% during the 4th quarter. Mather Group LLC. now owns 2,053 shares of the real estate investment trust's stock worth $259,000 after purchasing an additional 75 shares during the last quarter. Institutional investors own 94.80% of the company's stock.
About Welltower
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Get Free ReportWelltower 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.
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