Welltower Inc. (NYSE:WELL) Receives $112.38 Average Target Price from Analysts

Welltower Inc. (NYSE:WELL) has received a consensus recommendation of “Moderate Buy” from the thirteen brokerages that are presently covering the company, Marketbeat.com reports. Three research analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have issued a strong buy rating on the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $113.38.

Several equities research analysts recently issued reports on WELL shares. Wedbush lifted their price objective on Welltower from $100.00 to $120.00 and gave the stock a “neutral” rating in a report on Monday, August 5th. KeyCorp increased their price objective on Welltower from $95.00 to $115.00 and gave the company an “overweight” rating in a research note on Tuesday, July 2nd. Evercore ISI lifted their target price on shares of Welltower from $106.00 to $114.00 and gave the stock an “in-line” rating in a research note on Monday, September 16th. Royal Bank of Canada increased their target price on shares of Welltower from $101.00 to $114.00 and gave the company a “sector perform” rating in a research report on Friday, August 9th. Finally, StockNews.com raised shares of Welltower from a “sell” rating to a “hold” rating in a research note on Saturday, August 3rd.

Hedge Funds Weigh In On Welltower

Large investors have recently modified their holdings of the business. First Foundation Advisors acquired a new position in Welltower in the second quarter valued at about $26,000. Rise Advisors LLC purchased a new position in shares of Welltower during the 1st quarter worth approximately $27,000. TruNorth Capital Management LLC acquired a new stake in Welltower in the 2nd quarter valued at approximately $27,000. Meeder Asset Management Inc. purchased a new stake in Welltower in the second quarter valued at approximately $30,000. Finally, Manchester Capital Management LLC raised its position in Welltower by 338.7% in the first quarter. Manchester Capital Management LLC now owns 329 shares of the real estate investment trust’s stock valued at $31,000 after purchasing an additional 254 shares during the period. Institutional investors and hedge funds own 94.80% of the company’s stock.

Welltower Stock Up 0.5 %

Shares of WELL opened at $127.20 on Monday. The company has a current ratio of 4.07, a quick ratio of 4.07 and a debt-to-equity ratio of 0.47. The firm has a market cap of $76.05 billion, a P/E ratio of 157.04, a PEG ratio of 2.97 and a beta of 1.21. The stock’s 50 day moving average is $119.69 and its two-hundred day moving average is $106.01. Welltower has a 12 month low of $78.38 and a 12 month high of $131.31.

Welltower (NYSE:WELL) last posted its quarterly earnings data on Monday, July 29th. The real estate investment trust reported $0.42 earnings per share for the quarter, topping analysts’ consensus estimates of $0.34 by $0.08. Welltower had a net margin of 8.36% and a return on equity of 2.21%. The company had revenue of $1.82 billion during the quarter, compared to analysts’ expectations of $1.89 billion. During the same period in the prior year, the business posted $0.90 earnings per share. The firm’s revenue for the quarter was up 9.6% on a year-over-year basis. Analysts predict that Welltower will post 4.19 earnings per share for the current fiscal year.

Welltower Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, August 21st. Shareholders of record on Monday, August 12th were paid a dividend of $0.67 per share. This is a boost from Welltower’s previous quarterly dividend of $0.61. The ex-dividend date of this dividend was Monday, August 12th. This represents a $2.68 annualized dividend and a yield of 2.11%. Welltower’s dividend payout ratio (DPR) is 330.86%.

About Welltower

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.