Welltower (NYSE:WELL) Price Target Raised to $87.00 at Royal Bank of Canada

Welltower (NYSE:WELL – Get Rating) had its target price boosted by Royal Bank of Canada from $82.00 to $87.00 in a research note released on Tuesday morning, The Fly reports.

Several other research firms have also issued reports on WELL. Credit Suisse Group increased their target price on shares of Welltower from $72.00 to $80.00 and gave the stock an outperform rating in a report on Monday, April 3rd. Wells Fargo & Company started coverage on shares of Welltower in a report on Wednesday, April 19th. They issued an overweight rating and a $85.00 target price for the company. Evercore ISI raised shares of Welltower from an in-line rating to an outperform rating and set a $81.00 target price for the company in a report on Tuesday, April 11th. Barclays increased their target price on shares of Welltower from $78.00 to $82.00 and gave the stock an overweight rating in a report on Tuesday, January 17th. Finally, StockNews.com started coverage on shares of Welltower in a report on Thursday, March 16th. They set a sell rating for the company. One analyst has rated the stock with a sell rating, three have assigned a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of Moderate Buy and a consensus target price of $82.29.

Welltower Price Performance

NYSE WELL opened at $77.53 on Tuesday. Welltower has a 52 week low of $56.50 and a 52 week high of $90.69. The firm has a market capitalization of $38.53 billion, a P/E ratio of 337.09, a PEG ratio of 3.14 and a beta of 1.05. The company has a quick ratio of 2.04, a current ratio of 2.04 and a debt-to-equity ratio of 0.71. The company has a 50-day moving average price of $73.65 and a 200-day moving average price of $71.32.

Welltower (NYSE:WELL – Get Rating) last released its quarterly earnings results on Tuesday, May 2nd. The real estate investment trust reported $0.05 EPS for the quarter, missing the consensus estimate of $0.82 by ($0.77). Welltower had a net margin of 1.74% and a return on equity of 0.51%. The business had revenue of $1.56 billion for the quarter, compared to analysts’ expectations of $1.57 billion. During the same period in the previous year, the company earned $0.82 EPS. Welltower’s revenue for the quarter was up 11.8% compared to the same quarter last year. Equities research analysts anticipate that Welltower will post 3.45 earnings per share for the current year.

Welltower Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 23rd. Investors of record on Tuesday, May 16th will be issued a $0.61 dividend. The ex-dividend date is Monday, May 15th. This represents a $2.44 annualized dividend and a dividend yield of 3.15%. Welltower’s payout ratio is currently 1,060.87%.

Institutional Trading of Welltower

Institutional investors and hedge funds have recently made changes to their positions in the company. Connor Clark & Lunn Investment Management Ltd. raised its holdings in Welltower by 287.4% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 13,504 shares of the real estate investment trust’s stock worth $869,000 after purchasing an additional 10,018 shares in the last quarter. California Public Employees Retirement System raised its holdings in Welltower by 19.2% in the third quarter. California Public Employees Retirement System now owns 1,030,627 shares of the real estate investment trust’s stock worth $66,290,000 after purchasing an additional 165,728 shares in the last quarter. Quadrant Capital Group LLC raised its holdings in Welltower by 11.4% in the third quarter. Quadrant Capital Group LLC now owns 3,723 shares of the real estate investment trust’s stock worth $239,000 after purchasing an additional 380 shares in the last quarter. Metis Global Partners LLC increased its holdings in shares of Welltower by 115.0% during the fourth quarter. Metis Global Partners LLC now owns 19,526 shares of the real estate investment trust’s stock valued at $1,280,000 after acquiring an additional 10,443 shares in the last quarter. Finally, Alpha Paradigm Partners LLC increased its holdings in shares of Welltower by 3,979.9% during the third quarter. Alpha Paradigm Partners LLC now owns 6,895 shares of the real estate investment trust’s stock valued at $443,000 after acquiring an additional 6,726 shares in the last quarter. 95.78% of the stock is currently owned by institutional investors.

About Welltower

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Welltower, Inc engages in the provision of health care infrastructure and investment of seniors housing operators, post-acute providers, and health systems. It operates through the following segments: Seniors Housing Operating, Triple-net, and Outpatient Medical. The Seniors Housing Operating segment includes the seniors housing communities.