Evercore ISI Raises Welltower (NYSE:WELL) Price Target to $145.00

Welltower (NYSE:WELL - Free Report) had its target price upped by Evercore ISI from $144.00 to $145.00 in a research note issued to investors on Tuesday morning,Benzinga reports. The brokerage currently has an in-line rating on the real estate investment trust's stock.

WELL has been the subject of a number of other reports. Wedbush raised Welltower from a "neutral" rating to an "outperform" rating and boosted their target price for the company from $145.00 to $167.00 in a research note on Friday, February 14th. Royal Bank of Canada upgraded Welltower from a "sector perform" rating to an "outperform" rating and boosted their price objective for the company from $146.00 to $168.00 in a research report on Friday, February 28th. Jefferies Financial Group raised Welltower from a "hold" rating to a "buy" rating and increased their target price for the stock from $132.00 to $147.00 in a research note on Thursday, January 2nd. Bank of America lifted their price target on shares of Welltower from $221.00 to $242.00 and gave the company a "buy" rating in a research note on Tuesday, February 18th. Finally, StockNews.com downgraded shares of Welltower from a "hold" rating to a "sell" rating in a research report on Thursday, February 13th. One analyst has rated the stock with a sell rating, two have issued a hold rating, ten have issued a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat, Welltower has a consensus rating of "Moderate Buy" and a consensus target price of $148.42.

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Welltower Trading Down 1.2 %

Shares of WELL stock traded down $1.76 on Tuesday, reaching $147.22. The company had a trading volume of 3,323,918 shares, compared to its average volume of 2,582,979. The stock has a market cap of $94.41 billion, a PE ratio of 94.37, a PEG ratio of 2.87 and a beta of 1.20. The company has a 50-day moving average of $138.55 and a 200-day moving average of $132.41. The company has a current ratio of 4.22, a quick ratio of 4.22 and a debt-to-equity ratio of 0.48. Welltower has a 12 month low of $87.87 and a 12 month high of $158.55.

Welltower (NYSE:WELL - Get Free Report) last issued its quarterly earnings data on Tuesday, February 11th. The real estate investment trust reported $1.13 earnings per share (EPS) for the quarter, beating 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%. On average, equities analysts forecast that Welltower will post 4.88 earnings per share for the current year.

Welltower Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 6th. Stockholders of record on Tuesday, February 25th were given a $0.67 dividend. This represents a $2.68 annualized dividend and a dividend yield of 1.82%. The ex-dividend date was Tuesday, February 25th. Welltower's payout ratio is presently 171.79%.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Laurel Wealth Advisors LLC acquired a new stake in Welltower during the 4th quarter worth approximately $25,000. Roxbury Financial LLC acquired a new position in shares of Welltower in the fourth quarter valued at about $26,000. Sierra Ocean LLC acquired a new stake in Welltower in the 4th quarter worth about $28,000. Versant Capital Management Inc increased its holdings in shares of Welltower by 165.5% during the fourth quarter. Versant Capital Management Inc now owns 300 shares of the real estate investment trust's stock worth $38,000 after purchasing an additional 187 shares during the period. Finally, Ashton Thomas Securities LLC bought a new stake in shares of Welltower in the third quarter valued at approximately $50,000. 94.80% of the stock is owned by institutional investors.

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.