Welltower (NYSE:WELL) PT Raised to $115.00 at KeyCorp

Welltower (NYSE:WELL) had its price objective increased by KeyCorp from $95.00 to $115.00 in a report released on Tuesday morning, Benzinga reports. They currently have an overweight rating on the real estate investment trust’s stock.

Several other research firms have also recently issued reports on WELL. StockNews.com cut Welltower from a hold rating to a sell rating in a research report on Sunday, June 30th. Mizuho raised their price objective on shares of Welltower from $98.00 to $105.00 and gave the stock a buy rating in a report on Wednesday, May 8th. Wells Fargo & Company upped their target price on shares of Welltower from $107.00 to $111.00 and gave the company an overweight rating in a report on Thursday, May 30th. Scotiabank lifted their price target on shares of Welltower from $96.00 to $108.00 and gave the stock a sector outperform rating in a research note on Thursday, May 16th. Finally, BNP Paribas began coverage on shares of Welltower in a research note on Monday, March 18th. They issued an outperform rating and a $104.00 price objective for the company. One analyst has rated the stock with a sell rating, four have assigned a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Welltower presently has a consensus rating of Moderate Buy and a consensus price target of $99.50.

Welltower Stock Up 1.1 %

Shares of NYSE:WELL opened at $106.48 on Tuesday. The firm has a market capitalization of $63.67 billion, a PE ratio of 131.46, a price-to-earnings-growth ratio of 2.60 and a beta of 1.18. Welltower has a 1 year low of $77.90 and a 1 year high of $106.50. The company has a debt-to-equity ratio of 0.50, a current ratio of 3.83 and a quick ratio of 3.83. The firm’s 50-day moving average is $101.35 and its two-hundred day moving average is $94.40.

Welltower (NYSE:WELL) last posted its quarterly earnings results on Monday, April 29th. The real estate investment trust reported $0.22 EPS for the quarter, missing the consensus estimate of $0.94 by ($0.72). The business had revenue of $1.86 billion during the quarter, compared to analyst estimates of $1.81 billion. Welltower had a return on equity of 1.77% and a net margin of 6.37%. The business’s revenue was up 19.2% on a year-over-year basis. During the same quarter last year, the firm earned $0.85 EPS. Analysts predict that Welltower will post 4.12 EPS for the current year.

Welltower Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, May 22nd. Stockholders of record on Monday, May 13th were issued a $0.61 dividend. The ex-dividend date was Friday, May 10th. This represents a $2.44 dividend on an annualized basis and a dividend yield of 2.29%. Welltower’s dividend payout ratio is presently 301.23%.

Insiders Place Their Bets

In related news, Director Kenneth J. Bacon sold 1,800 shares of the firm’s stock in a transaction that occurred on Tuesday, June 4th. The stock was sold at an average price of $103.91, for a total value of $187,038.00. Following the completion of the transaction, the director now directly owns 14,579 shares of the company’s stock, valued at approximately $1,514,903.89. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.12% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the business. Nomura Holdings Inc. acquired a new position in Welltower in the 4th quarter valued at about $8,857,000. Nordea Investment Management AB raised its position in shares of Welltower by 1,412.2% in the fourth quarter. Nordea Investment Management AB now owns 594,677 shares of the real estate investment trust’s stock valued at $54,062,000 after buying an additional 555,353 shares during the last quarter. TCW Group Inc. lifted its stake in shares of Welltower by 26.6% during the fourth quarter. TCW Group Inc. now owns 89,564 shares of the real estate investment trust’s stock valued at $8,085,000 after buying an additional 18,807 shares during the period. Public Employees Retirement System of Ohio boosted its position in Welltower by 7.7% during the fourth quarter. Public Employees Retirement System of Ohio now owns 1,019,796 shares of the real estate investment trust’s stock worth $91,955,000 after acquiring an additional 72,968 shares during the last quarter. Finally, Harbour Trust & Investment Management Co purchased a new stake in Welltower in the 4th quarter worth approximately $5,409,000. 94.80% of the stock is owned by hedge funds and other institutional investors.

Welltower Company Profile

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.