Welltower (NYSE:WELL – Free Report) had its target price upped by UBS Group from $269.00 to $289.00 in a research note issued to investors on Wednesday morning,Benzinga reports. The brokerage currently has a buy rating on the real estate investment trust’s stock.
Other research analysts have also recently issued research reports about the company. Scotiabank boosted their price target on Welltower from $244.00 to $251.00 and gave the stock an “outperform” rating in a research note on Wednesday, September 2nd. Citigroup increased their price objective on Welltower from $255.00 to $275.00 and gave the company a “buy” rating in a research report on Friday, July 31st. Morgan Stanley lifted their price objective on Welltower from $215.00 to $251.00 and gave the stock an “overweight” rating in a report on Tuesday, September 1st. Mizuho lifted their price objective on Welltower from $239.00 to $260.00 and gave the stock an “outperform” rating in a report on Wednesday, July 22nd. Finally, Barclays decreased their target price on Welltower from $259.00 to $246.00 and set an “equal weight” rating for the company in a research report on Tuesday, October 13th. One analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $263.10.
View Our Latest Analysis on WELL
Welltower Price Performance
WELL opened at $247.12 on Wednesday. Welltower has a 1 year low of $181.47 and a 1 year high of $255.20. The stock has a 50-day moving average price of $234.37 and a 200-day moving average price of $220.56. The firm has a market cap of $181.29 billion, a PE ratio of 106.98, a P/E/G ratio of 1.18 and a beta of 0.79. The company has a debt-to-equity ratio of 0.39, a current ratio of 3.16 and a quick ratio of 3.16.
Welltower (NYSE:WELL – Get Free Report) last released its quarterly earnings data on Monday, October 26th. The real estate investment trust reported $1.67 earnings per share for the quarter, beating analysts’ consensus estimates of $1.64 by $0.03. The business had revenue of $3.72 billion during the quarter, compared to analyst estimates of $3.64 billion. Welltower had a net margin of 12.08% and a return on equity of 3.61%. Welltower’s revenue was up 38.4% compared to the same quarter last year. During the same period last year, the business earned $1.34 EPS. Sell-side analysts predict that Welltower will post 6.50 earnings per share for the current fiscal year.
Welltower Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Thursday, November 19th. Stockholders of record on Tuesday, November 10th will be given a dividend of $0.85 per share. The ex-dividend date of this dividend is Tuesday, November 10th. This represents a $3.40 annualized dividend and a dividend yield of 1.4%. Welltower’s dividend payout ratio is presently 147.19%.
Insider Buying and Selling at Welltower
In other Welltower news, Director Andrew Gundlach acquired 5,000 shares of the stock in a transaction dated Wednesday, August 26th. The shares were purchased at an average price of $242.06 per share, for a total transaction of $1,210,300.00. Following the purchase, the director directly owned 30,000 shares of the company’s stock, valued at approximately $7,261,800. This trade represents a 20.00% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Purchased indirectly through two trusts. The transaction was executed in multiple trades at prices ranging from $241.59 to $242.59. The reported $242.06 price is the weighted-average purchase price. 0.37% of the stock is owned by company insiders.
Institutional Trading of Welltower
Large investors have recently added to or reduced their stakes in the business. BlackRock Inc. raised its position in Welltower by 5.5% in the second quarter. BlackRock Inc. now owns 78,049,214 shares of the real estate investment trust’s stock worth $17,714,830,000 after acquiring an additional 4,045,458 shares during the period. State Street Corp grew its position in shares of Welltower by 1.4% during the 2nd quarter. State Street Corp now owns 42,138,810 shares of the real estate investment trust’s stock valued at $9,564,246,000 after acquiring an additional 578,033 shares during the period. Bank of America Corp DE bought a new stake in shares of Welltower during the 2nd quarter valued at $4,425,089,000. Principal Financial Group Inc. grew its position in shares of Welltower by 2.2% during the 2nd quarter. Principal Financial Group Inc. now owns 9,814,621 shares of the real estate investment trust’s stock valued at $2,227,642,000 after acquiring an additional 207,966 shares during the period. Finally, Dimensional Fund Advisors LP grew its position in shares of Welltower by 0.7% during the 1st quarter. Dimensional Fund Advisors LP now owns 8,345,022 shares of the real estate investment trust’s stock valued at $1,649,844,000 after acquiring an additional 57,938 shares during the period. 94.80% of the stock is currently owned by institutional investors.
Trending Headlines about Welltower
These are some of the WELL headlines that stood out recently:
- Positive Sentiment: JPMorgan lifted its target to $273 from $260 and assigned an Overweight rating, indicating continued confidence in Welltower’s prospects. JPMorgan price target article
- Positive Sentiment: RBC raised its target to $266 from $260 and maintained an Outperform rating. RBC price target article
- Neutral Sentiment: A dividend analysis was published, but the provided headline does not give details or indicate a change to Welltower’s dividend outlook. Welltower dividend analysis
About Welltower
Welltower Inc. is a real estate investment trust focused on properties and services that support health care and aging. Its portfolio includes senior housing communities, outpatient medical facilities and post-acute care properties. The company works with senior housing operators, health care providers and other partners to own, lease and manage properties. Its operations span the United States, Canada and the United Kingdom. Founded in 1970 as Health Care REIT, the company adopted the Welltower name in 2015.
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