Shares of Welltower Inc (NYSE:WELL) have been given an average rating of “Buy” by the nineteen research firms that are covering the firm, Marketbeat reports. Eight research analysts have rated the stock with a hold recommendation and ten have given a buy recommendation to the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $74.02.
A number of analysts have weighed in on the stock. Scotiabank set a $80.00 target price on shares of Welltower and gave the company a “hold” rating in a research report on Friday. BMO Capital Markets reissued a “hold” rating and set a $73.00 target price on shares of Welltower in a research report on Wednesday, May 1st. Raymond James downgraded shares of Welltower from an “outperform” rating to a “market perform” rating and set a $82.27 target price for the company. in a research report on Thursday. They noted that the move was a valuation call. Deutsche Bank increased their target price on shares of Welltower from $61.00 to $71.00 and gave the company a “hold” rating in a research report on Friday, March 29th. Finally, Royal Bank of Canada increased their target price on shares of Welltower to $76.00 and gave the company a “sector perform” rating in a research report on Thursday, February 21st.
In other Welltower news, CEO Thomas J. Derosa sold 19,307 shares of the stock in a transaction that occurred on Tuesday, May 14th. The stock was sold at an average price of $77.90, for a total transaction of $1,504,015.30. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.15% of the stock is currently owned by corporate insiders.
Several institutional investors have recently bought and sold shares of WELL. Vanguard Group Inc bought a new position in shares of Welltower during the 3rd quarter worth approximately $3,075,144,000. Norges Bank bought a new position in shares of Welltower in the 4th quarter worth $248,512,000. Oregon Public Employees Retirement Fund lifted its holdings in shares of Welltower by 6,756.2% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 2,807,357 shares of the real estate investment trust’s stock worth $40,000 after purchasing an additional 2,766,411 shares in the last quarter. Cohen & Steers Inc. lifted its holdings in shares of Welltower by 9.6% in the 4th quarter. Cohen & Steers Inc. now owns 24,865,579 shares of the real estate investment trust’s stock worth $1,725,920,000 after purchasing an additional 2,173,416 shares in the last quarter. Finally, American Century Companies Inc. lifted its holdings in shares of Welltower by 154.5% in the 1st quarter. American Century Companies Inc. now owns 3,020,615 shares of the real estate investment trust’s stock worth $234,400,000 after purchasing an additional 1,833,933 shares in the last quarter. Hedge funds and other institutional investors own 86.96% of the company’s stock.
Shares of Welltower stock traded up $1.49 on Monday, hitting $83.77. The stock had a trading volume of 125,634 shares, compared to its average volume of 1,712,113. The company has a 50 day moving average of $79.10. Welltower has a twelve month low of $56.60 and a twelve month high of $83.87. The company has a quick ratio of 1.84, a current ratio of 1.84 and a debt-to-equity ratio of 0.79. The stock has a market capitalization of $33.32 billion, a price-to-earnings ratio of 20.72, a P/E/G ratio of 4.04 and a beta of 0.30.
Welltower (NYSE:WELL) last released its quarterly earnings data on Tuesday, April 30th. The real estate investment trust reported $1.02 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.02. Welltower had a return on equity of 4.97% and a net margin of 13.06%. The company had revenue of $1.27 billion during the quarter, compared to the consensus estimate of $1.24 billion. During the same quarter in the prior year, the firm posted $0.99 earnings per share. The firm’s revenue was up 16.0% compared to the same quarter last year. On average, equities analysts anticipate that Welltower will post 4.2 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, May 28th. Shareholders of record on Tuesday, May 14th were issued a dividend of $0.87 per share. This represents a $3.48 dividend on an annualized basis and a dividend yield of 4.15%. The ex-dividend date of this dividend was Monday, May 13th. Welltower’s payout ratio is 86.35%.
Welltower Inc (NYSE:WELL), an S&P 500 company headquartered in Toledo, Ohio, is driving the transformation of health care infrastructure. The Company 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.
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