Welltower Inc. (NYSE:WELL) Receives $102.04 Average PT from Analysts

Welltower Inc. (NYSE:WELL) has been assigned an average rating of “Moderate Buy” from the thirteen ratings firms that are currently covering the stock, Marketbeat Ratings reports. Four research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $105.88.

A number of research analysts have issued reports on WELL shares. KeyCorp boosted their price target on Welltower from $95.00 to $115.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 2nd. Wedbush increased their target price on shares of Welltower from $100.00 to $120.00 and gave the company a “neutral” rating in a research report on Monday. StockNews.com upgraded shares of Welltower from a “sell” rating to a “hold” rating in a research report on Saturday, August 3rd. Evercore ISI increased their price objective on shares of Welltower from $95.00 to $97.00 and gave the company an “in-line” rating in a report on Tuesday, July 16th. Finally, Scotiabank boosted their target price on Welltower from $116.00 to $121.00 and gave the stock a “sector outperform” rating in a report on Wednesday.

Welltower Stock Performance

Shares of WELL opened at $115.73 on Friday. The firm has a fifty day moving average of $106.36 and a 200-day moving average of $97.67. The company has a market cap of $69.20 billion, a price-to-earnings ratio of 142.88, a price-to-earnings-growth ratio of 2.74 and a beta of 1.18. The company has a debt-to-equity ratio of 0.47, a quick ratio of 3.83 and a current ratio of 4.07. Welltower has a 1 year low of $78.38 and a 1 year high of $117.44.

Welltower (NYSE:WELL) last posted its earnings results on Monday, July 29th. The real estate investment trust reported $0.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.34 by $0.08. The firm had revenue of $1.82 billion during the quarter, compared to analyst estimates of $1.89 billion. Welltower had a net margin of 8.36% and a return on equity of 2.21%. Welltower’s revenue was up 9.6% on a year-over-year basis. During the same period in the previous year, the business posted $0.90 EPS. As a group, equities analysts anticipate that Welltower will post 4.16 earnings per share for the current year.

Welltower Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, August 21st. Stockholders of record on Monday, August 12th will be issued a dividend of $0.67 per share. The ex-dividend date is Monday, August 12th. This represents a $2.68 dividend on an annualized basis and a dividend yield of 2.32%. This is a positive change from Welltower’s previous quarterly dividend of $0.61. Welltower’s payout ratio is currently 330.86%.

Insider Buying and Selling

In other Welltower news, Director Kenneth J. Bacon sold 1,800 shares of the business’s stock in a transaction on Tuesday, June 4th. The shares were sold at an average price of $103.91, for a total transaction of $187,038.00. Following the sale, the director now directly owns 14,579 shares of the company’s stock, valued at approximately $1,514,903.89. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 0.12% of the company’s stock.

Hedge Funds Weigh In On Welltower

A number of large investors have recently made changes to their positions in WELL. First Foundation Advisors acquired a new position in shares of Welltower in the second quarter worth $26,000. Rise Advisors LLC purchased a new position in Welltower in the first quarter valued at about $27,000. TruNorth Capital Management LLC acquired a new position in Welltower in the 2nd quarter worth about $27,000. Meeder Asset Management Inc. purchased a new stake in shares of Welltower during the 2nd quarter worth about $30,000. Finally, Manchester Capital Management LLC lifted its holdings in shares of Welltower by 338.7% during the 1st quarter. Manchester Capital Management LLC now owns 329 shares of the real estate investment trust’s stock valued at $31,000 after buying an additional 254 shares during the last quarter. Institutional investors and hedge funds 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.