Welltower (NYSE:WELL) Hits New 1-Year High Following Analyst Upgrade

Welltower Inc. (NYSE:WELL)’s stock price hit a new 52-week high during mid-day trading on Thursday after Mizuho raised their price target on the stock from $98.00 to $105.00. Mizuho currently has a buy rating on the stock. Welltower traded as high as $98.83 and last traded at $98.50, with a volume of 42847 shares. The stock had previously closed at $98.40.

Other analysts have also issued reports about the company. Deutsche Bank Aktiengesellschaft assumed coverage on Welltower in a report on Tuesday, January 30th. They set a “buy” rating and a $115.00 target price on the stock. Scotiabank decreased their target price on shares of Welltower from $97.00 to $96.00 and set a “sector outperform” rating on the stock in a report on Monday, March 4th. BNP Paribas started coverage on shares of Welltower in a report on Monday, March 18th. They set an “outperform” rating and a $104.00 price target for the company. Finally, StockNews.com raised shares of Welltower from a “sell” rating to a “hold” rating in a research note on Monday. Five analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $96.07.

Hedge Funds Weigh In On Welltower

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Bruce G. Allen Investments LLC bought a new stake in shares of Welltower in the 4th quarter valued at $25,000. Rise Advisors LLC bought a new stake in Welltower during the first quarter valued at $27,000. Headlands Technologies LLC boosted its position in Welltower by 479.6% during 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 during the last quarter. Manchester Capital Management LLC grew its holdings in Welltower by 338.7% during the 1st quarter. Manchester Capital Management LLC now owns 329 shares of the real estate investment trust’s stock worth $31,000 after acquiring an additional 254 shares during the period. Finally, Scarborough Advisors LLC bought a new position in shares of Welltower in the 4th quarter worth about $35,000. 94.80% of the stock is currently owned by institutional investors and hedge funds.

Welltower Price Performance

The company has a debt-to-equity ratio of 0.50, a quick ratio of 3.83 and a current ratio of 3.83. The business has a 50 day moving average price of $92.60 and a 200-day moving average price of $90.06. The company has a market capitalization of $59.29 billion, a price-to-earnings ratio of 122.42, a P/E/G ratio of 2.42 and a beta of 1.07.

Welltower (NYSE:WELL) last issued its earnings results on Monday, April 29th. The real estate investment trust reported $0.22 earnings per share for the quarter, missing analysts’ consensus estimates of $0.94 by ($0.72). The business had revenue of $1.86 billion during the quarter, compared to the consensus estimate of $1.81 billion. Welltower had a return on equity of 1.77% and a net margin of 6.37%. The company’s revenue for the quarter was up 19.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.85 earnings per share. Research analysts predict that Welltower Inc. will post 4.06 EPS for the current fiscal year.

Welltower Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 22nd. Shareholders of record on Monday, May 13th will be issued a $0.61 dividend. This represents a $2.44 dividend on an annualized basis and a yield of 2.46%. The ex-dividend date of this dividend is Friday, May 10th. Welltower’s payout ratio is 301.23%.

Welltower Company Profile

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.