Welltower Inc. (NYSE:WELL) Given Consensus Recommendation of "Moderate Buy" by Brokerages

Shares of Welltower Inc. (NYSE:WELL - Get Free Report) have earned an average recommendation of "Moderate Buy" from the twelve ratings firms that are presently covering the company, MarketBeat.com reports. Four research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating on the company. The average 12 month price target among analysts that have covered the stock in the last year is $116.68.

Several brokerages have recently commented on WELL. Wells Fargo & Company restated an "equal weight" rating and set a $135.00 target price (up previously from $134.00) on shares of Welltower in a report on Tuesday, October 1st. Scotiabank boosted their price objective on shares of Welltower from $121.00 to $133.00 and gave the stock a "sector outperform" rating in a research report on Monday, September 23rd. Evercore ISI boosted their target price on Welltower from $106.00 to $114.00 and gave the stock an "in-line" rating in a research report on Monday, September 16th. Royal Bank of Canada lifted their price target on shares of Welltower from $101.00 to $114.00 and gave the stock a "sector perform" rating in a research report on Friday, August 9th. Finally, Wedbush upped their target price on shares of Welltower from $100.00 to $120.00 and gave the company a "neutral" rating in a research report on Monday, August 5th.

Institutional Trading of Welltower

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. First Foundation Advisors bought a new stake in shares of Welltower in the 2nd quarter valued at about $26,000. TruNorth Capital Management LLC acquired a new position in shares of Welltower during the 2nd quarter worth approximately $27,000. Meeder Asset Management Inc. bought a new stake in Welltower in the 2nd quarter valued at $30,000. Centerpoint Advisors LLC bought a new position in Welltower during the second quarter worth $31,000. Finally, Fortitude Family Office LLC lifted its stake in shares of Welltower by 37.0% during the 3rd quarter. Fortitude Family Office LLC now owns 289 shares of the real estate investment trust's stock worth $37,000 after buying an additional 78 shares during the last quarter. 94.80% of the stock is owned by institutional investors.

Welltower Price Performance

Shares of WELL traded down $1.67 during trading hours on Tuesday, hitting $135.96. The stock had a trading volume of 2,376,996 shares, compared to its average volume of 2,680,421. The stock has a market capitalization of $84.66 billion, a price-to-earnings ratio of 90.57, a P/E/G ratio of 3.10 and a beta of 1.20. The company has a debt-to-equity ratio of 0.51, a current ratio of 4.10 and a quick ratio of 4.10. The company's fifty day moving average is $129.28 and its two-hundred day moving average is $114.53. Welltower has a 52 week low of $84.38 and a 52 week high of $140.19.

Welltower (NYSE:WELL - Get Free Report) last posted its quarterly earnings data on Monday, October 28th. The real estate investment trust reported $0.73 earnings per share for the quarter, missing the consensus estimate of $1.04 by ($0.31). The firm had revenue of $2.06 billion for the quarter, compared to analyst estimates of $1.95 billion. Welltower had a return on equity of 3.20% and a net margin of 12.22%. The business's quarterly revenue was up 23.7% on a year-over-year basis. During the same period in the previous year, the business posted $0.92 EPS. On average, analysts anticipate that Welltower will post 4.3 EPS for the current year.

Welltower Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, November 21st. Investors of record on Wednesday, November 13th will be given a dividend of $0.67 per share. The ex-dividend date of this dividend is Wednesday, November 13th. This represents a $2.68 annualized dividend and a yield of 1.97%. Welltower's dividend payout ratio (DPR) is presently 176.32%.

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.