Welltower Inc. (NYSE:WELL) Receives $150.19 Consensus Price Target from Analysts

Shares of Welltower Inc. (NYSE:WELL) have been given a consensus rating of “Buy” by the thirteen research firms that are presently covering the stock, Marketbeat reports. Two research analysts have rated the stock with a hold recommendation, nine have assigned a buy recommendation and two have given a strong buy recommendation to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $156.46.

A number of analysts have recently issued reports on the stock. Wedbush upgraded shares of Welltower from a “neutral” rating to an “outperform” rating and lifted their price objective for the company from $145.00 to $167.00 in a report on Friday, February 14th. Wells Fargo & Company boosted their target price on shares of Welltower from $140.00 to $158.00 and gave the stock an “equal weight” rating in a report on Monday, March 10th. Evercore ISI boosted their target price on shares of Welltower from $144.00 to $145.00 and gave the stock an “in-line” rating in a report on Tuesday, March 4th. Jefferies Financial Group upgraded shares of Welltower from a “hold” rating to a “buy” rating and boosted their target price for the stock from $132.00 to $147.00 in a report on Thursday, January 2nd. Finally, Scotiabank boosted their target price on shares of Welltower from $165.00 to $166.00 and gave the stock a “sector outperform” rating in a report on Thursday, March 6th.

Welltower Price Performance

NYSE WELL opened at $148.81 on Monday. The company has a quick ratio of 4.22, a current 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. The company has a market capitalization of $95.43 billion, a PE ratio of 95.39, a price-to-earnings-growth ratio of 2.87 and a beta of 1.20. The firm’s 50 day moving average is $142.63 and its 200-day moving average is $134.35.

Welltower (NYSE:WELL) last posted 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%. Equities research analysts anticipate that Welltower will post 4.88 earnings per share for the current fiscal year.

Welltower Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 6th. Stockholders of record on Tuesday, February 25th were given a $0.67 dividend. The ex-dividend date of this dividend was Tuesday, February 25th. This represents a $2.68 dividend on an annualized basis and a dividend yield of 1.80%. Welltower’s payout ratio is presently 171.79%.

Institutional Investors Weigh In On Welltower

Institutional investors have recently modified their holdings of the business. Retirement Systems of Alabama boosted its position in shares of Welltower by 3.7% in the third quarter. Retirement Systems of Alabama now owns 470,419 shares of the real estate investment trust’s stock valued at $60,228,000 after acquiring an additional 16,946 shares during the period. Vestmark Advisory Solutions Inc. raised its stake in Welltower by 120.3% in the fourth quarter. Vestmark Advisory Solutions Inc. now owns 14,417 shares of the real estate investment trust’s stock valued at $1,817,000 after purchasing an additional 7,872 shares in the last quarter. Barclays PLC raised its stake in Welltower by 29.2% in the third quarter. Barclays PLC now owns 1,684,446 shares of the real estate investment trust’s stock valued at $215,659,000 after purchasing an additional 380,888 shares in the last quarter. Park Avenue Securities LLC raised its stake in Welltower by 20.1% in the fourth quarter. Park Avenue Securities LLC now owns 13,456 shares of the real estate investment trust’s stock valued at $1,696,000 after purchasing an additional 2,250 shares in the last quarter. Finally, Cbre Investment Management Listed Real Assets LLC raised its stake in Welltower by 17.3% in the fourth quarter. Cbre Investment Management Listed Real Assets LLC now owns 1,936,954 shares of the real estate investment trust’s stock valued at $244,114,000 after purchasing an additional 285,015 shares in the last quarter. Institutional investors own 94.80% of the company’s stock.

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.