Welltower (NYSE:WELL) Hits New 12-Month High – Here’s Why

Shares of Welltower Inc. (NYSE:WELL) hit a new 52-week high on Friday . The stock traded as high as $189.92 and last traded at $189.6730, with a volume of 1833263 shares changing hands. The stock had previously closed at $187.76.

Wall Street Analyst Weigh In

WELL has been the subject of a number of recent analyst reports. Raymond James Financial reiterated a “strong-buy” rating on shares of Welltower in a report on Tuesday, September 2nd. Cantor Fitzgerald boosted their price objective on shares of Welltower from $195.00 to $200.00 and gave the company an “overweight” rating in a research report on Tuesday, October 28th. UBS Group set a $203.00 price objective on Welltower in a report on Wednesday, October 29th. Scotiabank boosted their target price on Welltower from $181.00 to $182.00 and gave the company an “outperform” rating in a research note on Monday, October 6th. Finally, Evercore ISI raised their price target on Welltower from $175.00 to $183.00 and gave the stock an “in-line” rating in a research note on Monday, September 15th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $187.93.

Welltower Stock Up 1.5%

The stock’s 50-day moving average price is $173.59 and its two-hundred day moving average price is $162.11. The stock has a market capitalization of $130.76 billion, a PE ratio of 131.40, a P/E/G ratio of 1.93 and a beta of 0.92. The company has a debt-to-equity ratio of 0.43, a quick ratio of 4.19 and a current ratio of 5.47.

Welltower (NYSE:WELL) last issued its quarterly earnings results on Monday, October 27th. The real estate investment trust reported $1.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.30 by $0.04. Welltower had a net margin of 9.69% and a return on equity of 2.71%. The company had revenue of $2.69 billion during the quarter, compared to analysts’ expectations of $2.70 billion. During the same period last year, the company posted $1.11 EPS. Welltower’s revenue was up 30.7% on a year-over-year basis. Welltower has set its FY 2025 guidance at 5.240-5.300 EPS. As a group, analysts expect that Welltower Inc. will post 4.88 EPS for the current fiscal year.

Welltower Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, November 20th. Stockholders of record on Tuesday, November 11th will be issued a dividend of $0.74 per share. This represents a $2.96 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date of this dividend is Monday, November 10th. Welltower’s dividend payout ratio is presently 204.14%.

Hedge Funds Weigh In On Welltower

A number of hedge funds have recently bought and sold shares of WELL. SouthState Corp lifted its holdings in shares of Welltower by 704.8% during the 1st quarter. SouthState Corp now owns 169 shares of the real estate investment trust’s stock valued at $26,000 after buying an additional 148 shares during the period. Wealth Preservation Advisors LLC purchased a new position in Welltower in the first quarter worth about $27,000. MMA Asset Management LLC purchased a new position in Welltower in the third quarter worth about $35,000. Global Wealth Strategies & Associates bought a new stake in shares of Welltower during the 3rd quarter valued at about $36,000. Finally, Hughes Financial Services LLC purchased a new stake in shares of Welltower during the 1st quarter valued at about $31,000. Hedge funds and other institutional investors own 94.80% of the company’s stock.

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.