Welltower Inc. (NYSE:WELL) Receives $156.46 Average PT from Analysts

Welltower Inc. (NYSE:WELL) has been given a consensus recommendation of “Buy” by the thirteen ratings firms that are presently covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a hold recommendation, ten have issued a buy recommendation and two have issued a strong buy recommendation on the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $156.46.

A number of analysts recently issued reports on the company. Wells Fargo & Company raised Welltower from an “equal weight” rating to an “overweight” rating and set a $158.00 target price for the company in a research report on Tuesday, April 8th. StockNews.com cut shares of Welltower from a “hold” rating to a “sell” rating in a report on Wednesday, March 26th. Scotiabank upped their price target on shares of Welltower from $165.00 to $166.00 and gave the company a “sector outperform” rating in a research report on Thursday, March 6th. Raymond James raised their price objective on shares of Welltower from $145.00 to $155.00 and gave the stock a “strong-buy” rating in a research report on Monday, December 16th. Finally, Mizuho upped their target price on shares of Welltower from $141.00 to $170.00 and gave the company an “outperform” rating in a report on Tuesday, March 18th.

Hedge Funds Weigh In On Welltower

A number of large investors have recently made changes to their positions in WELL. Laurel Wealth Advisors LLC purchased a new position in Welltower in the 4th quarter valued at approximately $25,000. Roxbury Financial LLC acquired a new stake in Welltower in the fourth quarter valued at $26,000. Sierra Ocean LLC purchased a new position in shares of Welltower in the fourth quarter valued at $28,000. Franchise Capital Ltd acquired a new position in shares of Welltower during the 1st quarter worth $32,000. Finally, Versant Capital Management Inc raised its stake in shares of Welltower by 165.5% during the 4th quarter. Versant Capital Management Inc now owns 300 shares of the real estate investment trust’s stock worth $38,000 after buying an additional 187 shares during the last quarter. Hedge funds and other institutional investors own 94.80% of the company’s stock.

Welltower Trading Up 0.6 %

NYSE WELL opened at $142.66 on Friday. Welltower has a 52 week low of $87.87 and a 52 week high of $158.55. The firm has a 50 day moving average of $147.95 and a two-hundred day moving average of $136.97. The company has a quick ratio of 4.22, a current ratio of 4.22 and a debt-to-equity ratio of 0.48. The stock has a market capitalization of $92.50 billion, a PE ratio of 91.45, a price-to-earnings-growth ratio of 2.87 and a beta of 0.93.

Welltower (NYSE:WELL) last issued its earnings results on Tuesday, February 11th. The real estate investment trust reported $1.13 EPS for the quarter, topping analysts’ consensus estimates of $0.40 by $0.73. Welltower had a net margin of 11.91% and a return on equity of 3.15%. As a group, research analysts expect that Welltower will post 4.88 EPS for the current fiscal year.

Welltower Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 6th. Shareholders of record on Tuesday, February 25th were given a $0.67 dividend. This represents a $2.68 annualized dividend and a yield of 1.88%. The ex-dividend date was Tuesday, February 25th. Welltower’s payout ratio is 171.79%.

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.