Welltower Inc. (NYSE:WELL - Get Free Report) shares hit a new 52-week high during mid-day trading on Friday . The company traded as high as $131.42 and last traded at $131.08, with a volume of 215172 shares traded. The stock had previously closed at $130.74.
Wall Street Analyst Weigh In
A number of brokerages have recently commented on WELL. Royal Bank of Canada upped their price target on Welltower from $101.00 to $114.00 and gave the company a "sector perform" rating in a research note on Friday, August 9th. Wedbush increased their target price on shares of Welltower from $100.00 to $120.00 and gave the stock a "neutral" rating in a report on Monday, August 5th. KeyCorp boosted their price target on shares of Welltower from $95.00 to $115.00 and gave the company an "overweight" rating in a report on Tuesday, July 2nd. Scotiabank raised their price objective on Welltower from $121.00 to $133.00 and gave the stock a "sector outperform" rating in a research note on Monday, September 23rd. Finally, Deutsche Bank Aktiengesellschaft lifted their target price on Welltower from $115.00 to $137.00 and gave the stock a "buy" rating in a report on Wednesday, August 21st. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, seven have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, Welltower presently has an average rating of "Moderate Buy" and an average target price of $115.38.
Check Out Our Latest Stock Analysis on WELL
Welltower Stock Up 1.1 %
The company has a current ratio of 4.07, a quick ratio of 4.07 and a debt-to-equity ratio of 0.47. The firm's 50 day moving average price is $124.22 and its two-hundred day moving average price is $109.44. The company has a market capitalization of $79.07 billion, a P/E ratio of 163.26, a PEG ratio of 2.87 and a beta of 1.21.
Welltower (NYSE:WELL - Get Free Report) last announced its quarterly earnings data on Monday, July 29th. The real estate investment trust reported $0.42 earnings per share for the quarter, beating the consensus estimate of $0.34 by $0.08. Welltower had a return on equity of 2.21% and a net margin of 8.36%. The company had revenue of $1.82 billion during the quarter, compared to analysts' expectations of $1.89 billion. During the same quarter last year, the company earned $0.90 EPS. Welltower's revenue for the quarter was up 9.6% compared to the same quarter last year. Equities research analysts forecast that Welltower Inc. will post 4.19 EPS for the current year.
Welltower Increases Dividend
The company also recently declared a quarterly dividend, which was paid on Wednesday, August 21st. Shareholders of record on Monday, August 12th were given a dividend of $0.67 per share. This is a positive change from Welltower's previous quarterly dividend of $0.61. This represents a $2.68 annualized dividend and a yield of 2.03%. The ex-dividend date was Monday, August 12th. Welltower's dividend payout ratio is 330.86%.
Hedge Funds Weigh In On Welltower
A number of hedge funds and other institutional investors have recently bought and sold shares of WELL. First Foundation Advisors acquired a new stake in shares of Welltower in the second quarter valued at approximately $26,000. TruNorth Capital Management LLC acquired a new stake in Welltower during the 2nd quarter valued at $27,000. Meeder Asset Management Inc. bought a new position in Welltower during the second quarter worth $30,000. Rise Advisors LLC bought a new position in Welltower during the first quarter worth $27,000. Finally, Centerpoint Advisors LLC acquired a new position in shares of Welltower in the second quarter valued at $31,000. Institutional investors own 94.80% of the company's stock.
About Welltower
(
Get Free Report)
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.
Featured Articles
Before you consider Welltower, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Welltower wasn't on the list.
While Welltower currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Market downturns give many investors pause, and for good reason. Wondering how to offset this risk? Click the link below to learn more about using beta to protect yourself.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
