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

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

Several other equities research analysts have also issued reports on WELL. Bank of America raised their target price on shares of Welltower from $221.00 to $242.00 and gave the stock a "buy" rating in a report on Tuesday, February 18th. Evercore ISI raised their target price on shares of Welltower from $145.00 to $157.00 and gave the stock an "in-line" rating in a report on Thursday, May 1st. Morgan Stanley raised their target price on shares of Welltower from $155.00 to $160.00 and gave the stock an "overweight" rating in a report on Tuesday, May 6th. Royal Bank of Canada raised shares of Welltower from a "sector perform" rating to an "outperform" rating and raised their price target for the stock from $146.00 to $168.00 in a research note on Friday, February 28th. Finally, 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 note on Thursday, March 6th. Two analysts have rated the stock with a sell rating, one has assigned 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.com, Welltower currently has an average rating of "Moderate Buy" and a consensus price target of $163.25.

Welltower Stock Performance

Welltower stock traded up $0.10 during midday trading on Monday, reaching $152.30. 2,571,100 shares of the company traded hands, compared to its average volume of 2,915,190. The firm has a market capitalization of $99.60 billion, a price-to-earnings ratio of 97.63, a price-to-earnings-growth ratio of 2.87 and a beta of 0.94. The business has a 50 day moving average of $148.06 and a two-hundred day moving average of $141.54. Welltower has a 12 month low of $100.13 and a 12 month 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 issued its quarterly earnings data on Monday, April 28th. The real estate investment trust reported $1.20 earnings per share for the quarter, beating analysts' consensus estimates of $1.15 by $0.05. Welltower had a net margin of 11.91% and a return on equity of 3.15%. The company had revenue of $2.42 billion for the quarter, compared to the consensus estimate of $2.40 billion. During the same quarter in the prior year, the firm earned $1.01 earnings per share. The firm's revenue for the quarter was up 30.3% compared to the same quarter last year. As a group, research analysts predict that Welltower will post 4.88 earnings per share for the current year.

Welltower Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 22nd. Stockholders of record on Wednesday, May 14th were given a $0.67 dividend. This represents a $2.68 dividend on an annualized basis and a dividend yield of 1.76%. The ex-dividend date was Wednesday, May 14th. Welltower's payout ratio is currently 154.02%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of WELL. Roxbury Financial LLC purchased a new position in shares of Welltower in the 4th quarter worth approximately $26,000. SouthState Corp grew its position 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 buying an additional 148 shares during the last quarter. Wealth Preservation Advisors LLC purchased a new position in shares of Welltower in the 1st quarter worth approximately $27,000. Sierra Ocean LLC purchased a new position in shares of Welltower in the 4th quarter worth approximately $28,000. Finally, Harbor Capital Advisors Inc. purchased a new position in shares of Welltower in the 1st quarter worth approximately $28,000. Hedge funds and other institutional investors own 94.80% of the company's stock.

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.