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

Welltower (NYSE:WELL - Free Report) had its price target lifted by Mizuho from $141.00 to $170.00 in a report published on Tuesday morning,Benzinga reports. Mizuho currently has an outperform rating on the real estate investment trust's stock.

A number of other equities research analysts have also commented on WELL. Raymond James raised their price objective on shares of Welltower from $145.00 to $155.00 and gave the stock a "strong-buy" rating in a report on Monday, December 16th. Scotiabank raised their price objective on shares of Welltower from $165.00 to $166.00 and gave the stock a "sector outperform" rating in a report on Thursday, March 6th. Royal Bank of Canada upgraded shares of Welltower from a "sector perform" rating to an "outperform" rating and lifted their price target for the company from $146.00 to $168.00 in a research note on Friday, February 28th. Wells Fargo & Company lifted their price target on shares of Welltower from $140.00 to $158.00 and gave the company an "equal weight" rating in a research note on Monday, March 10th. Finally, Evercore ISI lifted their price target on shares of Welltower from $144.00 to $145.00 and gave the company an "in-line" rating in a research note on Tuesday, March 4th. Three equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $156.46.

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Welltower Trading Down 0.7 %

Shares of NYSE WELL traded down $1.05 during midday trading on Tuesday, reaching $146.84. 12,751,964 shares of the stock were exchanged, compared to its average volume of 2,626,810. The business has a 50-day simple moving average of $143.50 and a two-hundred day simple moving average of $134.71. The company has a market capitalization of $94.17 billion, a price-to-earnings ratio of 94.13, a P/E/G ratio of 2.87 and a beta of 1.20. Welltower has a 12 month low of $87.87 and a 12 month high of $158.55. The company has a debt-to-equity ratio of 0.48, a current ratio of 4.22 and a quick ratio of 4.22.

Welltower (NYSE:WELL - Get Free Report) last issued its quarterly earnings data on Tuesday, February 11th. The real estate investment trust reported $1.13 EPS for the quarter, topping analysts' consensus estimates of $0.40 by $0.73. Welltower had a net margin of 11.91% and a return on equity of 3.15%. As a group, equities research analysts expect that Welltower will post 4.88 EPS for the current year.

Welltower Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, March 6th. Investors of record on Tuesday, February 25th were issued a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a dividend yield of 1.83%. The ex-dividend date was Tuesday, February 25th. Welltower's payout ratio is 171.79%.

Institutional Trading of Welltower

Hedge funds and other institutional investors have recently modified their holdings of the stock. Roxbury Financial LLC bought a new stake in shares of Welltower during the 4th quarter worth about $26,000. Laurel Wealth Advisors LLC bought a new stake in Welltower in the 4th quarter valued at about $25,000. Sierra Ocean LLC bought a new stake in Welltower in the 4th quarter valued at about $28,000. Versant Capital Management Inc raised its position in shares of Welltower by 165.5% in the 4th quarter. Versant Capital Management Inc now owns 300 shares of the real estate investment trust's stock valued at $38,000 after buying an additional 187 shares in the last quarter. Finally, First Command Advisory Services Inc. acquired a new position in shares of Welltower in the 4th quarter valued at approximately $50,000. Institutional investors own 94.80% of the company's stock.

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.