Welltower Inc. (NYSE:WELL – Get 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 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
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.
- Get a free copy of the StockNews.com research report on Welltower (WELL)
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