Welltower Inc. (NYSE:WELL - Get Free Report) shares reached a new 52-week high on Friday after Evercore ISI raised their price target on the stock from $144.00 to $145.00. Evercore ISI currently has an in-line rating on the stock. Welltower traded as high as $153.13 and last traded at $152.51, with a volume of 308064 shares changing hands. The stock had previously closed at $151.52.
Other research analysts have also issued research reports about the company. StockNews.com lowered Welltower from a "hold" rating to a "sell" rating in a report on Thursday, February 13th. Mizuho increased their target price on Welltower from $136.00 to $141.00 and gave the stock an "outperform" rating in a report on Thursday, December 5th. Royal Bank of Canada upgraded shares of Welltower from a "sector perform" rating to an "outperform" rating and boosted their price target for the company from $146.00 to $168.00 in a research note on Friday, February 28th. Bank of America raised their price objective 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, Wedbush raised shares of Welltower from a "neutral" rating to an "outperform" rating and boosted their target price for the stock from $145.00 to $167.00 in a research report on Friday, February 14th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, ten have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, Welltower currently has an average rating of "Moderate Buy" and a consensus price target of $148.35.
Check Out Our Latest Stock Report on WELL
Institutional Trading of Welltower
A number of institutional investors and hedge funds have recently modified their holdings of the business. Laurel Wealth Advisors LLC bought a new position in Welltower in the 4th quarter valued at $25,000. Roxbury Financial LLC purchased a new position in shares of Welltower in the 4th quarter worth about $26,000. Sierra Ocean LLC bought a new position in Welltower during the fourth quarter valued at about $28,000. Versant Capital Management Inc increased its holdings in 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 buying an additional 187 shares during the last quarter. Finally, Ashton Thomas Securities LLC bought a new stake in Welltower in the third quarter worth about $50,000. 94.80% of the stock is owned by hedge funds and other institutional investors.
Welltower Trading Up 0.7 %
The stock's 50 day simple moving average is $138.10 and its two-hundred day simple moving average is $132.30. The stock has a market capitalization of $99.37 billion, a PE ratio of 99.33, a PEG ratio of 2.87 and a beta of 1.20. 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 posted its quarterly earnings results 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%. On average, sell-side analysts expect that Welltower Inc. will post 4.88 EPS for the current year.
Welltower Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Thursday, March 6th. Stockholders of record on Tuesday, February 25th will be paid a dividend of $0.67 per share. The ex-dividend date is Tuesday, February 25th. This represents a $2.68 annualized dividend and a dividend yield of 1.73%. Welltower's payout ratio is 171.79%.
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.
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