Welltower (NYSE:WELL) Downgraded by StockNews.com

StockNews.com cut shares of Welltower (NYSE:WELLFree Report) from a hold rating to a sell rating in a research report report published on Friday morning.

WELL has been the subject of several other research reports. Mizuho boosted their target price on shares of Welltower from $90.00 to $98.00 and gave the stock a buy rating in a research report on Wednesday, January 3rd. Deutsche Bank Aktiengesellschaft started coverage on shares of Welltower in a research report on Tuesday, January 30th. They set a buy rating and a $115.00 price objective for the company. JPMorgan Chase & Co. upgraded shares of Welltower from a neutral rating to an overweight rating and upped their target price for the stock from $92.00 to $99.00 in a research report on Monday, December 18th. BNP Paribas started coverage on shares of Welltower in a research report on Monday, March 18th. They issued an outperform rating and a $104.00 target price for the company. Finally, KeyCorp upped their target price on shares of Welltower from $90.00 to $95.00 and gave the stock an overweight rating in a research report on Friday, January 5th. One analyst has rated the stock with a sell rating, four have given a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Welltower currently has a consensus rating of Moderate Buy and an average target price of $93.69.

Read Our Latest Report on Welltower

Welltower Stock Performance

NYSE:WELL opened at $93.44 on Friday. The company has a current ratio of 3.22, a quick ratio of 3.22 and a debt-to-equity ratio of 0.60. The firm has a market capitalization of $53.16 billion, a price-to-earnings ratio of 146.00, a PEG ratio of 2.36 and a beta of 1.08. The firm’s fifty day simple moving average is $90.76 and its 200 day simple moving average is $88.12. Welltower has a twelve month low of $69.68 and a twelve month high of $94.63.

Welltower (NYSE:WELLGet Free Report) last issued its quarterly earnings data on Tuesday, February 13th. The real estate investment trust reported $0.15 EPS for the quarter, missing analysts’ consensus estimates of $0.94 by ($0.79). Welltower had a return on equity of 1.47% and a net margin of 5.12%. The firm had revenue of $1.75 billion during the quarter, compared to analyst estimates of $1.72 billion. During the same quarter in the prior year, the firm earned $0.83 EPS. The business’s quarterly revenue was up 15.2% compared to the same quarter last year. As a group, equities research analysts expect that Welltower will post 4.02 earnings per share for the current fiscal year.

Welltower Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 7th. Investors of record on Friday, February 23rd were given a $0.61 dividend. The ex-dividend date of this dividend was Thursday, February 22nd. This represents a $2.44 annualized dividend and a dividend yield of 2.61%. Welltower’s dividend payout ratio (DPR) is presently 381.26%.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Bruce G. Allen Investments LLC acquired a new position in Welltower in the 4th quarter valued at approximately $25,000. Covestor Ltd increased its stake in Welltower by 97.4% in the 1st quarter. Covestor Ltd now owns 298 shares of the real estate investment trust’s stock valued at $29,000 after buying an additional 147 shares during the period. Headlands Technologies LLC increased its stake in Welltower by 479.6% in the 3rd quarter. Headlands Technologies LLC now owns 313 shares of the real estate investment trust’s stock valued at $26,000 after buying an additional 259 shares during the period. First Capital Advisors Group LLC. acquired a new position in Welltower in the 2nd quarter valued at approximately $26,000. Finally, FinTrust Capital Advisors LLC increased its stake in Welltower by 117.8% in the 3rd quarter. FinTrust Capital Advisors LLC now owns 342 shares of the real estate investment trust’s stock valued at $28,000 after buying an additional 185 shares during the period. Institutional investors and hedge funds own 94.80% of the company’s stock.

Welltower Company Profile

(Get Free Report)

Welltower Inc (NYSE:WELL), a REIT and S&P 500 company headquartered in Toledo, Ohio, is driving the transformation of health care infrastructure. Welltower invests with leading seniors housing operators, post-acute providers and health systems to fund the real estate and infrastructure needed to scale innovative care delivery models and improve people's wellness and overall health care experience.

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Analyst Recommendations for Welltower (NYSE:WELL)

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