Welltower (NYSE:WELL) Given New $115.00 Price Target at KeyCorp

Welltower (NYSE:WELL) had its price objective increased by KeyCorp from $95.00 to $115.00 in a research report released on Tuesday, Benzinga reports. The brokerage currently has an overweight rating on the real estate investment trust’s stock.

WELL has been the subject of a number of other research reports. Mizuho lifted their target price on shares of Welltower from $98.00 to $105.00 and gave the stock a buy rating in a research note on Wednesday, May 8th. BNP Paribas started coverage on shares of Welltower in a research note on Monday, March 18th. They issued an outperform rating and a $104.00 price target for the company. StockNews.com downgraded shares of Welltower from a hold rating to a sell rating in a research note on Sunday. Wells Fargo & Company lifted their price target on shares of Welltower from $107.00 to $111.00 and gave the company an overweight rating in a research note on Thursday, May 30th. Finally, Scotiabank lifted their price target on shares of Welltower from $96.00 to $108.00 and gave the company a sector outperform rating in a research note on Thursday, May 16th. One analyst has rated the stock with a sell rating, four have issued a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of Moderate Buy and an average target price of $99.50.

Welltower Price Performance

Shares of NYSE:WELL opened at $105.97 on Tuesday. The company has a market cap of $63.36 billion, a price-to-earnings ratio of 130.83, a PEG ratio of 2.57 and a beta of 1.18. The company has a debt-to-equity ratio of 0.50, a current ratio of 3.83 and a quick ratio of 3.83. The firm has a 50 day simple moving average of $100.63 and a 200 day simple moving average of $94.14. Welltower has a one year low of $77.90 and a one year high of $105.98.

Welltower (NYSE:WELL) last released its quarterly earnings results on Monday, April 29th. The real estate investment trust reported $0.22 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.94 by ($0.72). The business had revenue of $1.86 billion for the quarter, compared to the consensus estimate of $1.81 billion. Welltower had a net margin of 6.37% and a return on equity of 1.77%. Welltower’s revenue was up 19.2% on a year-over-year basis. During the same period in the previous year, the business posted $0.85 EPS. Research analysts predict that Welltower will post 4.12 earnings per share for the current fiscal year.

Welltower Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, May 22nd. Investors of record on Monday, May 13th were issued a dividend of $0.61 per share. This represents a $2.44 dividend on an annualized basis and a yield of 2.30%. The ex-dividend date of this dividend was Friday, May 10th. Welltower’s dividend payout ratio (DPR) is presently 301.23%.

Insider Transactions at Welltower

In other news, Director Kenneth J. Bacon sold 1,800 shares of the stock in a transaction on Tuesday, June 4th. The shares were sold at an average price of $103.91, for a total value of $187,038.00. Following the transaction, the director now owns 14,579 shares of the company’s stock, valued at approximately $1,514,903.89. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders own 0.12% of the company’s stock.

Institutional Investors Weigh In On Welltower

Several institutional investors have recently added to or reduced their stakes in WELL. Bruce G. Allen Investments LLC purchased a new stake in shares of Welltower in the 4th quarter worth about $25,000. Rise Advisors LLC purchased a new stake in shares of Welltower in the 1st quarter worth about $27,000. Manchester Capital Management LLC lifted its position in shares of Welltower by 338.7% in the 1st quarter. Manchester Capital Management LLC now owns 329 shares of the real estate investment trust’s stock worth $31,000 after purchasing an additional 254 shares during the period. Scarborough Advisors LLC purchased a new stake in shares of Welltower in the 4th quarter worth about $35,000. Finally, Salem Investment Counselors Inc. lifted its position in shares of Welltower by 84.0% in the 4th quarter. Salem Investment Counselors Inc. now owns 425 shares of the real estate investment trust’s stock worth $38,000 after purchasing an additional 194 shares during the period. Hedge funds and other institutional investors own 94.80% of the company’s stock.

Welltower Company Profile

Welltower Inc (NYSE:WELL), a 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 and infrastructure needed to scale innovative care delivery models and improve people's wellness and overall health care experience.