Welltower Inc. (NYSE:WELL – Get Free Report)’s stock price hit a new 52-week high during trading on Wednesday . The company traded as high as $222.00 and last traded at $221.3870, with a volume of 1383639 shares traded. The stock had previously closed at $217.67.
Analysts Set New Price Targets
WELL has been the subject of a number of research analyst reports. Scotiabank dropped their target price on shares of Welltower from $248.00 to $232.00 and set a “sector outperform” rating for the company in a research note on Thursday, June 18th. BMO Capital Markets reissued an “outperform” rating and issued a $245.00 price target on shares of Welltower in a report on Monday, May 4th. Raymond James Financial began coverage on shares of Welltower in a research report on Tuesday, June 16th. They issued an “outperform” rating and a $226.00 price objective for the company. Jefferies Financial Group upped their price objective on Welltower from $237.00 to $248.00 and gave the stock a “buy” rating in a report on Tuesday, May 12th. Finally, KeyCorp increased their price objective on Welltower from $210.00 to $240.00 and gave the company an “overweight” rating in a research report on Tuesday, February 24th. Thirteen equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Welltower has a consensus rating of “Moderate Buy” and a consensus price target of $230.25.
Read Our Latest Report on Welltower
Welltower Price Performance
Welltower (NYSE:WELL – Get Free Report) last issued its earnings results on Tuesday, April 28th. The real estate investment trust reported $1.02 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.68 by $0.34. The company had revenue of $3.35 billion for the quarter, compared to analyst estimates of $3.12 billion. Welltower had a net margin of 11.96% and a return on equity of 3.45%. The company’s revenue for the quarter was up 38.3% on a year-over-year basis. During the same quarter last year, the firm earned $1.20 EPS. Welltower has set its FY 2026 guidance at 6.210-6.350 EPS. Sell-side analysts expect that Welltower Inc. will post 6.32 EPS for the current fiscal year.
Welltower Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Thursday, May 21st. Shareholders of record on Wednesday, May 13th were issued a dividend of $0.74 per share. This represents a $2.96 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date of this dividend was Wednesday, May 13th. Welltower’s payout ratio is currently 146.53%.
Institutional Inflows and Outflows
A number of large investors have recently made changes to their positions in WELL. Western Wealth Management LLC boosted its position in shares of Welltower by 8.9% in the 1st quarter. Western Wealth Management LLC now owns 2,539 shares of the real estate investment trust’s stock worth $502,000 after purchasing an additional 207 shares during the last quarter. Empowered Funds LLC increased its holdings in Welltower by 4.5% in the first quarter. Empowered Funds LLC now owns 42,551 shares of the real estate investment trust’s stock valued at $8,413,000 after purchasing an additional 1,847 shares during the last quarter. S&A Financial Services Inc. acquired a new position in Welltower in the first quarter valued at about $1,377,000. First National Bank of Mount Dora Trust Investment Services lifted its stake in Welltower by 1,286.4% in the first quarter. First National Bank of Mount Dora Trust Investment Services now owns 33,066 shares of the real estate investment trust’s stock valued at $6,537,000 after buying an additional 30,681 shares during the period. Finally, DV Trading LLC lifted its stake in Welltower by 19,900.0% in the first quarter. DV Trading LLC now owns 1,200 shares of the real estate investment trust’s stock valued at $237,000 after buying an additional 1,194 shares during the period. Institutional investors and hedge funds own 94.80% of the company’s stock.
Welltower Company Profile
Welltower Inc (NYSE: WELL) is a real estate investment trust (REIT) that acquires and manages real estate serving the health care industry. The company specializes in healthcare infrastructure, owning and operating a diversified portfolio of senior housing, post-acute and long-term care communities, and outpatient medical properties. Welltower’s assets are designed to support the delivery of health care services through a combination of leased properties, joint ventures, and other capital arrangements with health care operators and providers.
The company’s property types include assisted living, memory care, independent living and skilled nursing facilities, as well as medical office buildings and other outpatient-care real estate such as ambulatory surgery centers and specialty clinics.
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