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 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.
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.
- Get a free copy of the StockNews.com research report on Welltower (WELL)
- How to Calculate Stock Growth
- 7 Best Retail Stocks to Invest in
- 3 Home Improvement Stocks to Renovate Your Portfolio
- Beam Global Shines Brightly in the EV Infrastructure Space
- Canoo Bottoms As Production Ramp Gets Closer
Receive News & Ratings for Welltower Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Welltower and related companies with MarketBeat.com's FREE daily email newsletter.