Welltower Inc. (NYSE:WELL) Receives $96.93 Average Price Target from Analysts

Welltower Inc. (NYSE:WELLGet Free Report) has been assigned an average recommendation of “Moderate Buy” from the fourteen research firms that are currently covering the company, MarketBeat.com reports. Four research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $96.93.

A number of research analysts have weighed in on WELL shares. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Welltower in a research note on Tuesday, January 30th. They issued a “buy” rating and a $115.00 price target on the stock. Mizuho upped their target price on shares of Welltower from $98.00 to $105.00 and gave the stock a “buy” rating in a research note on Wednesday, May 8th. StockNews.com raised Welltower from a “sell” rating to a “hold” rating in a research note on Wednesday. Scotiabank upped their price objective on Welltower from $96.00 to $108.00 and gave the stock a “sector outperform” rating in a research report on Thursday, May 16th. Finally, BNP Paribas initiated coverage on Welltower in a research report on Monday, March 18th. They issued an “outperform” rating and a $104.00 target price on the stock.

Get Our Latest Stock Report on WELL

Welltower Trading Down 1.9 %

NYSE:WELL opened at $99.96 on Tuesday. The company has a current ratio of 3.83, a quick ratio of 3.83 and a debt-to-equity ratio of 0.50. Welltower has a 1-year low of $72.47 and a 1-year high of $102.66. The firm has a market capitalization of $59.77 billion, a price-to-earnings ratio of 123.41, a PEG ratio of 2.40 and a beta of 1.07. The business’s 50-day moving average price is $94.34 and its two-hundred day moving average price is $91.25.

Welltower (NYSE:WELLGet Free Report) last issued its quarterly earnings data on Monday, April 29th. The real estate investment trust reported $0.22 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.94 by ($0.72). The firm had revenue of $1.86 billion for the quarter, compared to analyst estimates of $1.81 billion. Welltower had a net margin of 6.37% and a return on equity of 1.77%. The firm’s revenue for the quarter was up 19.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.85 EPS. On average, equities analysts expect that Welltower will post 4.11 earnings per share for the current year.

Welltower Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, May 22nd. Investors of record on Monday, May 13th were issued a dividend of $0.61 per share. This represents a $2.44 dividend on an annualized basis and a yield of 2.44%. The ex-dividend date was Friday, May 10th. Welltower’s payout ratio is currently 301.23%.

Institutional Trading of Welltower

Several institutional investors and hedge funds have recently bought and sold shares of the business. Nordea Investment Management AB lifted its holdings in Welltower by 1,412.2% during the 4th quarter. Nordea Investment Management AB now owns 594,677 shares of the real estate investment trust’s stock valued at $54,062,000 after purchasing an additional 555,353 shares during the last quarter. Harbour Trust & Investment Management Co acquired a new stake in shares of Welltower during the 4th quarter worth about $5,409,000. Koshinski Asset Management Inc. lifted its stake in shares of Welltower by 55.0% during the 4th quarter. Koshinski Asset Management Inc. now owns 4,108 shares of the real estate investment trust’s stock worth $370,000 after buying an additional 1,458 shares during the last quarter. Envestnet Asset Management Inc. boosted its holdings in shares of Welltower by 27.3% during the 3rd quarter. Envestnet Asset Management Inc. now owns 447,303 shares of the real estate investment trust’s stock worth $36,643,000 after buying an additional 96,046 shares during the period. Finally, Illinois Municipal Retirement Fund grew its stake in Welltower by 696.4% in the 4th quarter. Illinois Municipal Retirement Fund now owns 107,247 shares of the real estate investment trust’s stock valued at $9,670,000 after buying an additional 93,781 shares during the last quarter. Institutional investors own 94.80% of the company’s stock.

Welltower Company Profile

(Get Free Report

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.

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Analyst Recommendations for Welltower (NYSE:WELL)

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