Wells Fargo & Company Raises Welltower (NYSE:WELL) Price Target to $175.00

Welltower (NYSE:WELL - Free Report) had its price objective hoisted by Wells Fargo & Company from $158.00 to $175.00 in a research report released on Monday morning,Benzinga reports. Wells Fargo & Company currently has an overweight rating on the real estate investment trust's stock.

Other research analysts have also recently issued reports about the company. Scotiabank upped their price objective on Welltower from $165.00 to $166.00 and gave the company a "sector outperform" rating in a report on Thursday, March 6th. Evercore ISI upped their price target on Welltower from $145.00 to $157.00 and gave the company an "in-line" rating in a research note on Thursday, May 1st. Mizuho increased their price target on Welltower from $141.00 to $170.00 and gave the stock an "outperform" rating in a report on Tuesday, March 18th. Bank of America boosted their price objective on shares of Welltower from $221.00 to $242.00 and gave the company a "buy" rating in a report on Tuesday, February 18th. Finally, Wall Street Zen cut shares of Welltower from a "hold" rating to a "sell" rating in a research report on Thursday, May 8th. Two analysts have rated the stock with a sell rating, one has given a hold rating, nine have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $163.25.

Welltower Price Performance

WELL stock traded up $1.41 during trading on Monday, hitting $154.44. The stock had a trading volume of 1,912,452 shares, compared to its average volume of 2,980,223. The company's 50-day moving average price is $148.03 and its two-hundred day moving average price is $141.72. Welltower has a twelve month low of $100.13 and a twelve month high of $158.55. The stock has a market capitalization of $101.00 billion, a P/E ratio of 99.00, a PEG ratio of 2.87 and a beta of 0.94. 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 announced 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 return on equity of 3.15% and a net margin of 11.91%. The firm had revenue of $2.42 billion for the quarter, compared to the consensus estimate of $2.40 billion. During the same quarter last year, the business posted $1.01 earnings per share. The firm's revenue was up 30.3% compared to the same quarter last year. As a group, research analysts predict that Welltower will post 4.88 EPS for the current fiscal year.

Welltower Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, May 22nd. Investors of record on Wednesday, May 14th were issued a $0.67 dividend. The ex-dividend date of this dividend was Wednesday, May 14th. This represents a $2.68 dividend on an annualized basis and a yield of 1.74%. Welltower's dividend payout ratio (DPR) is presently 154.02%.

Institutional Investors Weigh In On Welltower

A number of hedge funds and other institutional investors have recently modified their holdings of WELL. Geller Advisors LLC lifted its position 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 last quarter. Good Life Advisors LLC increased its position in shares of Welltower by 1.2% during the first quarter. Good Life Advisors LLC now owns 5,744 shares of the real estate investment trust's stock worth $880,000 after purchasing an additional 69 shares in the last quarter. Rise Advisors LLC lifted its holdings in shares of Welltower by 23.3% in the 1st quarter. Rise Advisors LLC now owns 365 shares of the real estate investment trust's stock valued at $56,000 after purchasing an additional 69 shares during the last quarter. Sivia Capital Partners LLC boosted its position in shares of Welltower by 4.3% in the 1st 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 period. Finally, Sound View Wealth Advisors Group LLC boosted its position in shares of Welltower by 2.0% in the 1st quarter. Sound View Wealth Advisors Group LLC now owns 3,644 shares of the real estate investment trust's stock valued at $558,000 after purchasing an additional 73 shares during the period. 94.80% of the stock is currently owned by institutional investors and hedge funds.

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.