Welltower (NYSE:WELL) Price Target Raised to $172.00

Welltower (NYSE:WELL) had its target price lifted by Scotiabank from $170.00 to $172.00 in a research note published on Monday,Benzinga reports. Scotiabank currently has a sector outperform rating on the real estate investment trust’s stock.

Other equities analysts also recently issued reports about the company. Morgan Stanley raised their price objective on Welltower from $155.00 to $160.00 and gave the company an “overweight” rating in a research note on Tuesday, May 6th. Wall Street Zen cut Welltower from a “hold” rating to a “sell” rating in a research report on Thursday, May 8th. Wells Fargo & Company lifted their price target on Welltower from $158.00 to $175.00 and gave the stock an “overweight” rating in a research note on Monday, June 2nd. Wedbush reissued an “underperform” rating on shares of Welltower in a research note on Thursday, April 17th. Finally, Mizuho raised their target price on shares of Welltower from $141.00 to $170.00 and gave the company an “outperform” rating in a report on Tuesday, March 18th. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Welltower presently has a consensus rating of “Moderate Buy” and an average target price of $163.75.

Welltower Stock Performance

Shares of WELL stock opened at $153.46 on Monday. The company has a current ratio of 4.23, a quick ratio of 4.23 and a debt-to-equity ratio of 0.46. The stock has a 50 day simple moving average of $150.27 and a 200-day simple moving average of $143.27. The company has a market cap of $100.36 billion, a price-to-earnings ratio of 88.20, a price-to-earnings-growth ratio of 1.79 and a beta of 0.94. Welltower has a 12-month low of $100.13 and a 12-month high of $158.55.

Welltower (NYSE:WELL) last issued its earnings results on Monday, April 28th. The real estate investment trust reported $1.20 EPS for the quarter, topping the consensus estimate of $1.15 by $0.05. Welltower had a net margin of 12.65% and a return on equity of 3.41%. The company had revenue of $2.42 billion for the quarter, compared to analyst estimates of $2.40 billion. During the same period in the previous year, the firm earned $1.01 EPS. The business’s revenue was up 30.3% on a year-over-year basis. On average, equities analysts forecast that Welltower will post 4.88 EPS for the current year.

Welltower Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, May 22nd. Stockholders of record on Wednesday, May 14th were paid a $0.67 dividend. The ex-dividend date was Wednesday, May 14th. This represents a $2.68 annualized dividend and a dividend yield of 1.75%. Welltower’s dividend payout ratio (DPR) is presently 154.02%.

Hedge Funds Weigh In On Welltower

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Geller Advisors LLC raised its holdings in Welltower by 3.7% in the fourth quarter. Geller Advisors LLC now owns 1,911 shares of the real estate investment trust’s stock valued at $241,000 after acquiring an additional 69 shares in the last quarter. Good Life Advisors LLC increased its position in shares of Welltower by 1.2% in the 1st quarter. Good Life Advisors LLC now owns 5,744 shares of the real estate investment trust’s stock worth $880,000 after purchasing an additional 69 shares during the last quarter. Rise Advisors LLC raised its stake in shares of Welltower by 23.3% in the 1st quarter. Rise Advisors LLC now owns 365 shares of the real estate investment trust’s stock valued at $56,000 after purchasing an additional 69 shares in the last quarter. Sivia Capital Partners LLC raised its stake in shares of Welltower by 4.3% in the 1st quarter. Sivia Capital Partners LLC now owns 1,783 shares of the real estate investment trust’s stock valued at $273,000 after purchasing an additional 73 shares in the last quarter. Finally, Sound View Wealth Advisors Group LLC lifted its position in shares of Welltower by 2.0% during the first quarter. Sound View Wealth Advisors Group LLC now owns 3,644 shares of the real estate investment trust’s stock worth $558,000 after purchasing an additional 73 shares during the last quarter. 94.80% of the stock is owned by hedge funds and other institutional investors.

Welltower Company Profile

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.