Welltower (NYSE:WELL) Hits New 12-Month High at $94.81

Welltower Inc. (NYSE:WELL) hit a new 52-week high on Friday . The stock traded as high as $94.81 and last traded at $94.59, with a volume of 56895 shares changing hands. The stock had previously closed at $94.00.

Wall Street Analyst Weigh In

WELL has been the topic of several recent analyst reports. Scotiabank decreased their price target on Welltower from $97.00 to $96.00 and set a “sector outperform” rating on the stock in a research note on Monday, March 4th. BNP Paribas initiated coverage on Welltower in a research note on Monday, March 18th. They issued an “outperform” rating and a $104.00 price target on the stock. StockNews.com lowered Welltower from a “hold” rating to a “sell” rating in a research note on Friday, March 29th. Mizuho lifted their price target on Welltower from $90.00 to $98.00 and gave the company a “buy” rating in a research note on Wednesday, January 3rd. Finally, KeyCorp lifted their price target on Welltower from $90.00 to $95.00 and gave the company an “overweight” rating in a research note on Friday, January 5th. One research analyst has rated the stock with a sell rating, four have issued a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $95.57.

Welltower Price Performance

The company has a market capitalization of $55.76 billion, a price-to-earnings ratio of 147.41, a P/E/G ratio of 2.38 and a beta of 1.08. The company has a debt-to-equity ratio of 0.60, a quick ratio of 3.22 and a current ratio of 3.22. The business has a 50 day moving average price of $92.06 and a 200-day moving average price of $89.44.

Welltower (NYSE:WELL) last posted its quarterly earnings results on Tuesday, February 13th. The real estate investment trust reported $0.15 earnings per share 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 for the quarter, compared to analyst estimates of $1.72 billion. During the same period last year, the company posted $0.83 earnings per share. The firm’s quarterly revenue was up 15.2% compared to the same quarter last year. Research analysts predict that Welltower Inc. will post 4.04 EPS for the current fiscal year.

Welltower Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 7th. Shareholders of record on Friday, February 23rd were issued a dividend of $0.61 per share. This represents a $2.44 dividend on an annualized basis and a yield of 2.59%. The ex-dividend date was Thursday, February 22nd. Welltower’s dividend payout ratio is currently 381.26%.

Institutional Trading of Welltower

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Bruce G. Allen Investments LLC bought a new position in shares of Welltower in the fourth quarter valued at approximately $25,000. Rise Advisors LLC bought a new position in shares of Welltower in the first quarter valued at approximately $27,000. Headlands Technologies LLC grew its holdings in shares of Welltower by 479.6% in the third quarter. Headlands Technologies LLC now owns 313 shares of the real estate investment trust’s stock valued at $26,000 after acquiring an additional 259 shares in the last quarter. FinTrust Capital Advisors LLC grew its holdings in Welltower by 117.8% during the third quarter. FinTrust Capital Advisors LLC now owns 342 shares of the real estate investment trust’s stock valued at $28,000 after purchasing an additional 185 shares during the period. Finally, Scarborough Advisors LLC bought a new position in Welltower during the fourth quarter valued at $35,000. 94.80% of the stock is owned by institutional investors.

About Welltower

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.