Welltower (NYSE:WELL) Reaches New 52-Week High Following Better-Than-Expected Earnings

Welltower Inc. (NYSE:WELL)’s share price hit a new 52-week high on Monday after the company announced better than expected quarterly earnings. The company traded as high as $180.80 and last traded at $181.06, with a volume of 984059 shares trading hands. The stock had previously closed at $177.94.

The real estate investment trust reported $1.34 EPS for the quarter, topping the consensus estimate of $1.30 by $0.04. Welltower had a return on equity of 3.38% and a net margin of 12.18%.The firm had revenue of $2.69 billion during the quarter, compared to analysts’ expectations of $2.70 billion. During the same period in the previous year, the firm posted $1.11 EPS. Welltower’s revenue for the quarter was up 30.7% on a year-over-year basis. Welltower has set its FY 2025 guidance at 5.240-5.300 EPS.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the company. KeyCorp boosted their price objective on Welltower from $150.00 to $200.00 and gave the stock an “overweight” rating in a research report on Tuesday, September 23rd. Scotiabank boosted their price target on shares of Welltower from $181.00 to $182.00 and gave the stock an “outperform” rating in a report on Monday, October 6th. Weiss Ratings reiterated a “buy (b)” rating on shares of Welltower in a report on Wednesday, October 8th. Cantor Fitzgerald assumed coverage on shares of Welltower in a report on Wednesday, October 1st. They set an “overweight” rating and a $195.00 price target for the company. Finally, UBS Group assumed coverage on shares of Welltower in a research note on Friday, September 19th. They set a “buy” rating and a $195.00 target price for the company. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $186.43.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. Stephens Inc. AR boosted its holdings in shares of Welltower by 1.7% in the 3rd quarter. Stephens Inc. AR now owns 9,666 shares of the real estate investment trust’s stock valued at $1,722,000 after buying an additional 162 shares in the last quarter. Cullinan Associates Inc. boosted its stake in Welltower by 16.3% in the third quarter. Cullinan Associates Inc. now owns 10,715 shares of the real estate investment trust’s stock valued at $1,909,000 after acquiring an additional 1,500 shares in the last quarter. Ashton Thomas Securities LLC boosted its stake in Welltower by 5.9% in the third quarter. Ashton Thomas Securities LLC now owns 3,556 shares of the real estate investment trust’s stock valued at $633,000 after acquiring an additional 199 shares in the last quarter. Eastern Bank boosted its stake in Welltower by 25.9% in the third quarter. Eastern Bank now owns 500 shares of the real estate investment trust’s stock valued at $89,000 after acquiring an additional 103 shares in the last quarter. Finally, TD Private Client Wealth LLC boosted its position in shares of Welltower by 8.5% in the 3rd quarter. TD Private Client Wealth LLC now owns 3,174 shares of the real estate investment trust’s stock valued at $565,000 after purchasing an additional 250 shares during the period. Institutional investors and hedge funds own 94.80% of the company’s stock.

Welltower Trading Up 2.6%

The stock has a market capitalization of $122.10 billion, a price-to-earnings ratio of 103.14, a PEG ratio of 1.99 and a beta of 0.92. The company has a debt-to-equity ratio of 0.44, a quick ratio of 4.19 and a current ratio of 4.19. The business has a 50-day moving average of $170.45 and a 200-day moving average of $159.71.

Welltower Company Profile

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.