Welltower (NYSE:WELL) Lifted to “Hold” at StockNews.com

StockNews.com upgraded shares of Welltower (NYSE:WELL) from a sell rating to a hold rating in a research note published on Monday.

Other research analysts have also issued reports about the stock. Scotiabank dropped their price target on shares of Welltower from $97.00 to $96.00 and set a sector outperform rating on the stock in a research note on Monday, March 4th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Welltower in a research note on Tuesday, January 30th. They set a buy rating and a $115.00 price target on the stock. Finally, BNP Paribas began coverage on shares of Welltower in a research note on Monday, March 18th. They set an outperform rating and a $104.00 price target on the stock. Five investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Welltower has an average rating of Moderate Buy and an average target price of $96.07.

Welltower Trading Up 1.0 %

NYSE WELL opened at $98.42 on Monday. The company has a debt-to-equity ratio of 0.50, a quick ratio of 3.83 and a current ratio of 3.83. The firm has a market cap of $58.85 billion, a PE ratio of 121.51, a P/E/G ratio of 2.42 and a beta of 1.07. Welltower has a one year low of $72.47 and a one year high of $98.66. The firm’s fifty day moving average is $92.46 and its two-hundred day moving average is $90.00.

Welltower (NYSE:WELL) last posted its quarterly earnings data on Monday, April 29th. The real estate investment trust reported $0.22 EPS for the quarter, missing analysts’ consensus estimates of $0.94 by ($0.72). Welltower had a net margin of 6.37% and a return on equity of 1.77%. The business had revenue of $1.86 billion during the quarter, compared to analyst estimates of $1.81 billion. During the same quarter in the prior year, the firm posted $0.85 earnings per share. The company’s revenue for the quarter was up 19.2% compared to the same quarter last year. Analysts expect that Welltower will post 4.06 earnings per share for the current year.

Welltower Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 22nd. Shareholders of record on Monday, May 13th will be issued a $0.61 dividend. This represents a $2.44 annualized dividend and a dividend yield of 2.48%. The ex-dividend date is Friday, May 10th. Welltower’s dividend payout ratio (DPR) is presently 301.23%.

Institutional Trading of Welltower

Institutional investors and hedge funds have recently modified their holdings of the business. Bruce G. Allen Investments LLC purchased a new stake in shares of Welltower in the fourth quarter valued at about $25,000. Headlands Technologies LLC lifted its holdings in shares of Welltower by 479.6% in the third quarter. Headlands Technologies LLC now owns 313 shares of the real estate investment trust’s stock valued at $26,000 after purchasing an additional 259 shares in the last quarter. Rise Advisors LLC purchased a new stake in shares of Welltower in the first quarter valued at about $27,000. Manchester Capital Management LLC lifted its holdings in shares of 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 in the last quarter. Finally, Scarborough Advisors LLC purchased a new stake in shares of Welltower in the fourth quarter valued at about $35,000. Hedge funds and other institutional investors own 94.80% of the company’s stock.

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.