Welltower (NYSE:WELL) Reaches New 52-Week Low at $69.60

Welltower Inc. (NYSE:WELLGet Rating)’s stock price reached a new 52-week low during trading on Tuesday . The company traded as low as $69.60 and last traded at $69.60, with a volume of 2234 shares traded. The stock had previously closed at $71.24.

Analysts Set New Price Targets

WELL has been the topic of a number of research reports. Capital One Financial started coverage on Welltower in a research note on Friday, June 3rd. They set an “overweight” rating and a $95.00 price target on the stock. KeyCorp reduced their price target on Welltower from $98.00 to $95.00 and set an “overweight” rating on the stock in a research report on Thursday, July 7th. StockNews.com downgraded Welltower from a “hold” rating to a “sell” rating in a research report on Saturday, July 23rd. Sumitomo Mitsui Financial Group lowered shares of Welltower from an “outperform” rating to a “neutral” rating and set a $84.00 target price on the stock. in a research note on Thursday, August 11th. Finally, Evercore ISI set a $99.00 target price on shares of Welltower in a research note on Monday, June 20th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $94.79.

Welltower Price Performance

The stock has a fifty day moving average of $79.26 and a 200-day moving average of $85.67. The company has a quick ratio of 2.19, a current ratio of 2.19 and a debt-to-equity ratio of 0.77. The stock has a market capitalization of $31.32 billion, a price-to-earnings ratio of 77.52, a P/E/G ratio of 3.64 and a beta of 0.98.

Welltower (NYSE:WELLGet Rating) last posted its quarterly earnings data on Tuesday, August 9th. The real estate investment trust reported $0.20 earnings per share for the quarter, missing the consensus estimate of $0.85 by ($0.65). The firm had revenue of $1.47 billion during the quarter, compared to analyst estimates of $1.42 billion. Welltower had a net margin of 7.20% and a return on equity of 2.09%. Welltower’s revenue was up 29.1% compared to the same quarter last year. During the same period in the previous year, the company posted $0.79 earnings per share. On average, equities research analysts predict that Welltower Inc. will post 3.42 EPS for the current fiscal year.

Welltower Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, August 31st. Stockholders of record on Tuesday, August 23rd were issued a $0.61 dividend. This represents a $2.44 annualized dividend and a dividend yield of 3.54%. The ex-dividend date was Monday, August 22nd. Welltower’s payout ratio is currently 274.16%.

Institutional Investors Weigh In On Welltower

Large investors have recently modified their holdings of the company. Stonehage Fleming Financial Services Holdings Ltd acquired a new stake in shares of Welltower in the second quarter valued at approximately $27,000. Covestor Ltd boosted its holdings in shares of Welltower by 97.4% in the first quarter. Covestor Ltd now owns 298 shares of the real estate investment trust’s stock valued at $29,000 after acquiring an additional 147 shares during the period. Investors Asset Management of Georgia Inc. GA ADV purchased a new stake in shares of Welltower during the second quarter worth approximately $36,000. Disciplined Investments LLC purchased a new stake in shares of Welltower during the first quarter worth approximately $37,000. Finally, Hallmark Capital Management Inc. purchased a new stake in shares of Welltower during the second quarter worth approximately $41,000. 97.68% of the stock is owned by institutional investors and hedge funds.

Welltower Company Profile

(Get Rating)

Welltower Inc (NYSE:WELL), an S&P 500 company headquartered in Toledo, Ohio, is driving the transformation of health care infrastructure. The Company 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.

Further Reading

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