Mizuho Issues Positive Forecast for Welltower (NYSE:WELL) Stock Price

Welltower (NYSE:WELL) had its price objective hoisted by Mizuho from $136.00 to $141.00 in a research report released on Thursday morning,Benzinga reports. Mizuho currently has an outperform rating on the real estate investment trust’s stock.

Several other equities analysts also recently weighed in on the stock. Deutsche Bank Aktiengesellschaft raised their price target on shares of Welltower from $115.00 to $137.00 and gave the stock a “buy” rating in a research note on Wednesday, August 21st. Scotiabank raised their price target on shares of Welltower from $133.00 to $142.00 and gave the stock a “sector outperform” rating in a research note on Monday, November 25th. Wolfe Research raised shares of Welltower to a “strong-buy” rating in a research note on Friday, August 9th. StockNews.com raised shares of Welltower from a “sell” rating to a “hold” rating in a research note on Wednesday, October 30th. Finally, Royal Bank of Canada raised their price target on shares of Welltower from $101.00 to $114.00 and gave the stock a “sector perform” rating in a research note on Friday, August 9th. Five equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $120.77.

Welltower Stock Performance

WELL opened at $132.64 on Thursday. The company has a quick ratio of 4.10, a current ratio of 4.10 and a debt-to-equity ratio of 0.51. The company has a market cap of $82.59 billion, a price-to-earnings ratio of 87.26, a PEG ratio of 2.98 and a beta of 1.20. Welltower has a 52-week low of $85.40 and a 52-week high of $140.75. The firm’s fifty day simple moving average is $132.66 and its two-hundred day simple moving average is $119.13.

Welltower (NYSE:WELL) last posted its quarterly earnings data on Monday, October 28th. The real estate investment trust reported $0.73 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.04 by ($0.31). The company had revenue of $2.06 billion for the quarter, compared to analysts’ expectations of $1.95 billion. Welltower had a net margin of 12.22% and a return on equity of 3.20%. The business’s revenue for the quarter was up 23.7% on a year-over-year basis. During the same period in the previous year, the business earned $0.92 earnings per share. Equities analysts anticipate that Welltower will post 4.3 earnings per share for the current fiscal year.

Welltower Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, November 21st. Shareholders of record on Wednesday, November 13th were paid a dividend of $0.67 per share. This represents a $2.68 dividend on an annualized basis and a yield of 2.02%. The ex-dividend date of this dividend was Wednesday, November 13th. Welltower’s dividend payout ratio (DPR) is presently 176.32%.

Institutional Investors Weigh In On Welltower

Institutional investors have recently made changes to their positions in the stock. First Foundation Advisors acquired a new stake in shares of Welltower during the second quarter valued at about $26,000. TruNorth Capital Management LLC acquired a new stake in shares of Welltower during the second quarter valued at about $27,000. Meeder Asset Management Inc. acquired a new stake in shares of Welltower during the second quarter valued at about $30,000. Centerpoint Advisors LLC acquired a new stake in shares of Welltower during the second quarter valued at about $31,000. Finally, Fortitude Family Office LLC increased its position in shares of Welltower by 37.0% during the third quarter. Fortitude Family Office LLC now owns 289 shares of the real estate investment trust’s stock valued at $37,000 after acquiring an additional 78 shares during the last quarter. 94.80% of the stock is currently owned by institutional investors and hedge funds.

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.