Brokerages Set Welltower Inc. (NYSE:WELL) Target Price at $116.68

Welltower Inc. (NYSE:WELL) has been assigned a consensus recommendation of “Moderate Buy” from the twelve research firms that are covering the stock, MarketBeat Ratings reports. Four investment analysts have rated the stock with a hold recommendation, seven have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $116.68.

Several equities research analysts recently commented on the stock. Scotiabank lifted their target price 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. 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 report on Friday, August 9th. Wedbush boosted their price objective on shares of Welltower from $100.00 to $120.00 and gave the stock a “neutral” rating in a research note on Monday, August 5th. Wolfe Research raised Welltower to a “strong-buy” rating in a research report on Friday, August 9th. Finally, Deutsche Bank Aktiengesellschaft upped their price target on Welltower from $115.00 to $137.00 and gave the company a “buy” rating in a research report on Wednesday, August 21st.

Welltower Stock Down 0.4 %

Shares of WELL opened at $134.42 on Tuesday. The company has a debt-to-equity ratio of 0.51, a quick ratio of 4.10 and a current ratio of 4.10. Welltower has a 52 week low of $85.40 and a 52 week high of $140.19. The stock has a market capitalization of $83.70 billion, a price-to-earnings ratio of 88.82, a PEG ratio of 3.05 and a beta of 1.20. The stock has a fifty day moving average of $129.77 and a 200-day moving average of $114.97.

Welltower (NYSE:WELL) last posted its earnings results on Monday, October 28th. The real estate investment trust reported $0.73 EPS for the quarter, missing the consensus estimate of $1.04 by ($0.31). The firm had revenue of $2.06 billion during the quarter, compared to the consensus estimate of $1.95 billion. Welltower had a net margin of 12.22% and a return on equity of 3.20%. Welltower’s revenue for the quarter was up 23.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.92 earnings per share. As a group, sell-side analysts anticipate that Welltower will post 4.3 earnings per share for the current fiscal year.

Welltower Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, November 21st. Shareholders of record on Wednesday, November 13th will be issued a $0.67 dividend. The ex-dividend date of this dividend is Wednesday, November 13th. This represents a $2.68 dividend on an annualized basis and a yield of 1.99%. Welltower’s payout ratio is currently 176.32%.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of WELL. First Foundation Advisors acquired a new position in shares of Welltower during the second quarter valued at about $26,000. TruNorth Capital Management LLC acquired a new stake in shares of Welltower in the 2nd quarter worth about $27,000. Meeder Asset Management Inc. bought a new position in Welltower in the 2nd quarter valued at about $30,000. Fortitude Family Office LLC boosted its stake in Welltower by 37.0% during the 3rd quarter. Fortitude Family Office LLC now owns 289 shares of the real estate investment trust’s stock valued at $37,000 after purchasing an additional 78 shares during the last quarter. Finally, Centerpoint Advisors LLC bought a new stake in Welltower during the 2nd quarter worth approximately $31,000. Institutional investors and hedge funds own 94.80% of the company’s stock.

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.