Evercore ISI Issues Positive Forecast for Welltower (NYSE:WELL) Stock Price

Welltower (NYSE:WELL) had its price objective raised by Evercore ISI from $175.00 to $183.00 in a research note released on Monday morning, MarketBeat.com reports. Evercore ISI currently has an in-line rating on the real estate investment trust’s stock.

Several other research firms have also commented on WELL. Wells Fargo & Company boosted their price objective on shares of Welltower from $175.00 to $185.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 27th. Scotiabank upped their price target on Welltower from $172.00 to $181.00 and gave the stock an “outperform” rating in a research report on Thursday, August 28th. Finally, Raymond James Financial reiterated a “strong-buy” rating on shares of Welltower in a report on Tuesday, September 2nd. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Welltower currently has a consensus rating of “Moderate Buy” and an average price target of $175.80.

Welltower Price Performance

Shares of WELL stock opened at $168.83 on Monday. Welltower has a 1-year low of $122.34 and a 1-year high of $171.09. The stock’s 50-day moving average is $164.09 and its 200 day moving average is $154.58. The company has a market cap of $112.92 billion, a P/E ratio of 95.38, a PEG ratio of 1.90 and a beta of 0.93. The company has a debt-to-equity ratio of 0.44, a current ratio of 4.19 and a quick ratio of 4.19.

Welltower (NYSE:WELL) last announced its earnings results on Monday, July 28th. The real estate investment trust reported $1.28 EPS for the quarter, topping analysts’ consensus estimates of $1.22 by $0.06. The business had revenue of $2.55 billion during the quarter, compared to the consensus estimate of $2.49 billion. Welltower had a net margin of 12.18% and a return on equity of 3.38%. The firm’s revenue was up 39.6% on a year-over-year basis. During the same period in the previous year, the company posted $1.05 earnings per share. Welltower has set its FY 2025 guidance at 5.060-5.14 EPS. Research analysts predict that Welltower will post 4.88 earnings per share for the current fiscal year.

Welltower Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 21st. Stockholders of record on Tuesday, August 12th were issued a dividend of $0.74 per share. This represents a $2.96 dividend on an annualized basis and a dividend yield of 1.8%. This is a boost from Welltower’s previous quarterly dividend of $0.67. The ex-dividend date of this dividend was Tuesday, August 12th. Welltower’s dividend payout ratio is presently 167.23%.

Insider Activity

In other news, Director Andrew Gundlach bought 20,000 shares of Welltower stock in a transaction that occurred on Monday, June 30th. The stock was bought at an average price of $151.46 per share, for a total transaction of $3,029,200.00. Following the purchase, the director directly owned 20,000 shares of the company’s stock, valued at approximately $3,029,200. The trade was a ∞ increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.21% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the company. SouthState Corp boosted its position in Welltower by 704.8% in the first quarter. SouthState Corp now owns 169 shares of the real estate investment trust’s stock valued at $26,000 after buying an additional 148 shares during the last quarter. Wealth Preservation Advisors LLC acquired a new stake in Welltower during the 1st quarter valued at approximately $27,000. Harbor Capital Advisors Inc. purchased a new stake in shares of Welltower in the 1st quarter valued at $28,000. Smallwood Wealth Investment Management LLC purchased a new stake in shares of Welltower in the 1st quarter valued at $28,000. Finally, Hughes Financial Services LLC acquired a new stake in shares of Welltower in the first quarter worth $31,000. 94.80% of the stock is owned by institutional investors and hedge funds.

About Welltower

Welltower Inc (NYSE:WELL), a real estate investment trust (“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 infrastructure needed to scale innovative care delivery models and improve people’s wellness and overall health care experience.