Welltower (NYSE:WELL) Hits New 1-Year High at $88.92

Welltower Inc (NYSE:WELL)’s share price reached a new 52-week high during mid-day trading on Friday . The stock traded as high as $88.92 and last traded at $88.90, with a volume of 58235 shares. The stock had previously closed at $88.28.

WELL has been the subject of several analyst reports. Morgan Stanley raised their target price on shares of Welltower from $83.00 to $91.00 and gave the stock an “overweight” rating in a report on Wednesday. Raymond James lowered shares of Welltower from an “outperform” rating to a “market perform” rating and set a $82.27 target price for the company. in a report on Thursday, June 13th. They noted that the move was a valuation call. Stifel Nicolaus raised their target price on shares of Welltower from $78.00 to $87.00 and gave the stock a “buy” rating in a report on Thursday, August 1st. BMO Capital Markets restated a “buy” rating and issued a $86.00 target price on shares of Welltower in a report on Monday, August 5th. Finally, Scotiabank set a $80.00 target price on shares of Welltower and gave the stock a “hold” rating in a report on Friday, June 14th. Six equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $79.84.

The business’s fifty day moving average is $84.74 and its two-hundred day moving average is $79.52. The company has a market cap of $35.60 billion, a P/E ratio of 22.03, a price-to-earnings-growth ratio of 4.56 and a beta of 0.29. The company has a debt-to-equity ratio of 0.95, a quick ratio of 1.73 and a current ratio of 1.73.



Welltower (NYSE:WELL) last announced its quarterly earnings data on Wednesday, July 31st. The real estate investment trust reported $0.34 earnings per share for the quarter, missing analysts’ consensus estimates of $1.04 by ($0.70). Welltower had a net margin of 11.98% and a return on equity of 4.62%. The company had revenue of $1.32 billion for the quarter, compared to the consensus estimate of $1.30 billion. During the same quarter in the previous year, the business earned $1.00 EPS. The company’s quarterly revenue was up 17.2% compared to the same quarter last year. Analysts expect that Welltower Inc will post 4.16 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 22nd. Stockholders of record on Thursday, August 15th will be issued a $0.87 dividend. The ex-dividend date of this dividend is Wednesday, August 14th. This represents a $3.48 annualized dividend and a dividend yield of 3.92%. Welltower’s dividend payout ratio is currently 86.35%.

Several large investors have recently bought and sold shares of the company. Vanguard Group Inc. raised its holdings in shares of Welltower by 3.1% in the 2nd quarter. Vanguard Group Inc. now owns 51,909,429 shares of the real estate investment trust’s stock valued at $4,232,177,000 after purchasing an additional 1,565,217 shares in the last quarter. BlackRock Inc. raised its holdings in shares of Welltower by 3.2% in the 2nd quarter. BlackRock Inc. now owns 41,193,851 shares of the real estate investment trust’s stock valued at $3,358,533,000 after purchasing an additional 1,275,865 shares in the last quarter. Cohen & Steers Inc. raised its holdings in shares of Welltower by 2.1% in the 2nd quarter. Cohen & Steers Inc. now owns 26,084,911 shares of the real estate investment trust’s stock valued at $2,126,703,000 after purchasing an additional 548,699 shares in the last quarter. FMR LLC grew its position in shares of Welltower by 4.1% in the 1st quarter. FMR LLC now owns 9,139,695 shares of the real estate investment trust’s stock worth $709,239,000 after buying an additional 363,724 shares during the last quarter. Finally, Principal Financial Group Inc. grew its position in shares of Welltower by 13.4% in the 1st quarter. Principal Financial Group Inc. now owns 8,719,318 shares of the real estate investment trust’s stock worth $676,620,000 after buying an additional 1,032,562 shares during the last quarter. Institutional investors and hedge funds own 87.04% of the company’s stock.

About Welltower (NYSE:WELL)

Welltower Inc (NYSE:WELL), an S&P 500 company headquartered in Toledo, Ohio, is driving the transformation of health care infrastructure. The Company 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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