Welltower Inc. (NYSE:WELL) Given Average Rating of “Moderate Buy” by Brokerages

Welltower Inc. (NYSE:WELLGet Free Report) has been given a consensus recommendation of “Moderate Buy” by the fourteen brokerages that are covering the stock, Marketbeat.com reports. Four research analysts have rated the stock with a hold recommendation, nine have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year target price among brokerages that have covered the stock in the last year is $99.50.

WELL has been the topic of a number of recent research reports. Scotiabank boosted their price objective on Welltower from $96.00 to $108.00 and gave the stock a “sector outperform” rating in a research note on Thursday, May 16th. StockNews.com cut shares of Welltower from a “hold” rating to a “sell” rating in a research report on Sunday, June 30th. BNP Paribas initiated coverage on shares of Welltower in a research report on Monday, March 18th. They set an “outperform” rating and a $104.00 price objective for the company. Wells Fargo & Company boosted their target price on shares of Welltower from $107.00 to $111.00 and gave the company an “overweight” rating in a report on Thursday, May 30th. Finally, Mizuho raised their price target on shares of Welltower from $98.00 to $105.00 and gave the stock a “buy” rating in a report on Wednesday, May 8th.

Get Our Latest Research Report on WELL

Insider Buying and Selling

In other news, Director Kenneth J. Bacon sold 1,800 shares of the firm’s stock in a transaction that occurred on Tuesday, June 4th. The shares were sold at an average price of $103.91, for a total value of $187,038.00. Following the completion of the transaction, the director now owns 14,579 shares of the company’s stock, valued at $1,514,903.89. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 0.12% of the stock is owned by corporate insiders.

Institutional Trading of Welltower

Several hedge funds have recently modified their holdings of WELL. Toroso Investments LLC grew its holdings in Welltower by 23.2% during the 3rd quarter. Toroso Investments LLC now owns 13,016 shares of the real estate investment trust’s stock worth $1,066,000 after acquiring an additional 2,451 shares in the last quarter. American Century Companies Inc. raised its stake in Welltower by 15.7% in the third quarter. American Century Companies Inc. now owns 947,865 shares of the real estate investment trust’s stock valued at $77,649,000 after buying an additional 128,874 shares in the last quarter. Citigroup Inc. lifted its holdings in Welltower by 3.8% during the 3rd quarter. Citigroup Inc. now owns 471,507 shares of the real estate investment trust’s stock worth $38,626,000 after buying an additional 17,129 shares during the last quarter. Vanguard Group Inc. boosted its position in shares of Welltower by 2.7% during the 3rd quarter. Vanguard Group Inc. now owns 80,757,592 shares of the real estate investment trust’s stock worth $6,615,662,000 after acquiring an additional 2,156,673 shares in the last quarter. Finally, Appleton Partners Inc. MA increased its holdings in shares of Welltower by 3.0% in the 4th quarter. Appleton Partners Inc. MA now owns 24,954 shares of the real estate investment trust’s stock valued at $2,250,000 after acquiring an additional 720 shares during the last quarter. 94.80% of the stock is currently owned by institutional investors and hedge funds.

Welltower Price Performance

Welltower stock opened at $104.83 on Wednesday. The company has a fifty day simple moving average of $101.96 and a 200-day simple moving average of $94.79. The firm has a market capitalization of $62.68 billion, a price-to-earnings ratio of 129.42, a PEG ratio of 2.63 and a beta of 1.18. The company has a quick ratio of 3.83, a current ratio of 3.83 and a debt-to-equity ratio of 0.50. Welltower has a 52-week low of $77.90 and a 52-week high of $106.50.

Welltower (NYSE:WELLGet Free Report) last announced its quarterly earnings data on Monday, April 29th. The real estate investment trust reported $0.22 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.94 by ($0.72). Welltower had a net margin of 6.37% and a return on equity of 1.77%. The business had revenue of $1.86 billion for the quarter, compared to analysts’ expectations of $1.81 billion. During the same period in the prior year, the company posted $0.85 EPS. The firm’s revenue was up 19.2% on a year-over-year basis. On average, equities analysts anticipate that Welltower will post 4.12 EPS for the current fiscal year.

Welltower Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, May 22nd. Stockholders of record on Monday, May 13th were paid a $0.61 dividend. The ex-dividend date was Friday, May 10th. This represents a $2.44 dividend on an annualized basis and a dividend yield of 2.33%. Welltower’s payout ratio is presently 301.23%.

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.

Read More

Analyst Recommendations for Welltower (NYSE:WELL)

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.