Shares of Welltower Inc. (NYSE:WELL – Get Free Report) have been given an average recommendation of “Moderate Buy” by the twenty-one research firms that are presently covering the company, Marketbeat.com reports. Three analysts have rated the stock with a hold recommendation, seventeen have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price objective among brokers that have covered the stock in the last year is $263.10.
WELL has been the subject of a number of recent analyst reports. Citigroup upped their price objective on shares of Welltower from $255.00 to $275.00 and gave the stock a “buy” rating in a research report on Friday, July 31st. Royal Bank Of Canada lifted their target price on shares of Welltower from $260.00 to $266.00 and gave the stock an “outperform” rating in a research report on Tuesday. Jefferies Financial Group upgraded Welltower to a “strong-buy” rating in a research note on Friday, September 25th. UBS Group upped their target price on Welltower from $269.00 to $289.00 and gave the company a “buy” rating in a report on Wednesday. Finally, Freedom Broker raised Welltower from a “hold” rating to a “buy” rating and set a $255.00 target price for the company in a report on Wednesday, October 28th.
Read Our Latest Report on WELL
Recent Welltower Headlines
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
Insider Transactions at Welltower
In other Welltower news, Director Andrew Gundlach bought 5,000 shares of the firm’s stock in a transaction dated Wednesday, August 26th. The stock was purchased at an average cost of $242.06 per share, with a total value of $1,210,300.00. Following the transaction, the director directly owned 30,000 shares in the company, valued at $7,261,800. This trade represents a 20.00% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 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 Investors Weigh In On Welltower
Hedge funds have recently made changes to their positions in the business. Bahl & Gaynor LLC increased its stake in shares of Welltower by 211.6% during the 3rd quarter. Bahl & Gaynor LLC now owns 316,619 shares of the real estate investment trust’s stock worth $72,898,000 after purchasing an additional 214,997 shares during the last quarter. NewEdge Advisors LLC lifted its stake in Welltower by 13.0% in the second quarter. NewEdge Advisors LLC now owns 238,162 shares of the real estate investment trust’s stock valued at $54,056,000 after purchasing an additional 27,345 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in Welltower by 0.7% in the first 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 purchasing an additional 57,938 shares during the last quarter. Envestnet Asset Management Inc. lifted its stake in Welltower by 9.4% in the second quarter. Envestnet Asset Management Inc. now owns 916,367 shares of the real estate investment trust’s stock valued at $207,986,000 after purchasing an additional 79,088 shares during the last quarter. Finally, Swiss National Bank grew its holdings in Welltower by 9.9% during the first quarter. Swiss National Bank now owns 2,014,200 shares of the real estate investment trust’s stock valued at $398,227,000 after purchasing an additional 181,400 shares during the period. 94.80% of the stock is currently owned by institutional investors.
Welltower Trading Down 0.2%
NYSE WELL opened at $247.12 on Friday. The firm has a market capitalization of $181.29 billion, a P/E ratio of 106.98, a PEG ratio of 1.18 and a beta of 0.79. The business has a fifty day simple moving average of $234.37 and a 200 day simple moving average of $220.56. Welltower has a 12 month low of $181.47 and a 12 month high of $255.20. The company has a current ratio of 3.16, a quick ratio of 3.16 and a debt-to-equity ratio of 0.39.
Welltower (NYSE:WELL – Get Free Report) last posted its quarterly earnings data on Monday, October 26th. The real estate investment trust reported $1.67 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.64 by $0.03. Welltower had a net margin of 12.08% and a return on equity of 3.61%. The firm had revenue of $3.72 billion for the quarter, compared to the consensus estimate of $3.64 billion. During the same period in the previous year, the firm earned $1.34 EPS. The business’s revenue for the quarter was up 38.4% compared to the same quarter last year. On average, analysts predict that Welltower will post 6.50 EPS for the current fiscal year.
Welltower Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, November 19th. Shareholders of record on Tuesday, November 10th will be given a $0.85 dividend. The ex-dividend date of this dividend is Tuesday, November 10th. This represents a $3.40 annualized dividend and a yield of 1.4%. Welltower’s payout ratio is currently 147.19%.
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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