Welltower (NYSE:WELL) Lowered to “In-Line” at Evercore ISI

Evercore ISI cut shares of Welltower (NYSE:WELLGet Rating) from an outperform rating to an in-line rating in a research note issued to investors on Monday, The Fly reports. The firm currently has $72.00 price target on the real estate investment trust’s stock.

Several other research analysts have also recently commented on WELL. Raymond James cut Welltower from a strong-buy rating to an outperform rating and lowered their target price for the stock from $81.00 to $70.00 in a research note on Tuesday, November 1st. Royal Bank of Canada lowered their price objective on Welltower from $96.00 to $79.00 and set an outperform rating for the company in a research report on Thursday, October 6th. Credit Suisse Group reduced their target price on shares of Welltower from $100.00 to $75.00 and set an outperform rating on the stock in a report on Tuesday, November 1st. StockNews.com started coverage on shares of Welltower in a research note on Wednesday, October 12th. They issued a sell rating for the company. Finally, Sumitomo Mitsui Financial Group downgraded shares of Welltower from an outperform rating to a neutral rating and set a $84.00 price objective on the stock. in a research report on Thursday, August 11th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat, Welltower currently has a consensus rating of Moderate Buy and a consensus target price of $81.69.

Welltower Stock Performance

NYSE:WELL opened at $69.35 on Monday. Welltower has a 52 week low of $56.50 and a 52 week high of $99.43. The company has a fifty day simple moving average of $63.91 and a two-hundred day simple moving average of $75.94. The company has a quick ratio of 2.11, a current ratio of 2.11 and a debt-to-equity ratio of 0.75. The company has a market cap of $32.77 billion, a price-to-earnings ratio of 150.76, a price-to-earnings-growth ratio of 4.37 and a beta of 0.97.

Welltower Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 30th. Shareholders of record on Friday, November 18th will be given a dividend of $0.61 per share. This represents a $2.44 annualized dividend and a yield of 3.52%. The ex-dividend date is Thursday, November 17th. Welltower’s dividend payout ratio (DPR) is 530.45%.

Institutional Investors Weigh In On Welltower

Several large investors have recently modified their holdings of the company. Toroso Investments LLC increased its holdings in shares of Welltower by 8.5% in the 3rd quarter. Toroso Investments LLC now owns 6,812 shares of the real estate investment trust’s stock valued at $438,000 after acquiring an additional 535 shares during the period. IHT Wealth Management LLC raised its holdings in shares of Welltower by 38.5% in the third quarter. IHT Wealth Management LLC now owns 5,689 shares of the real estate investment trust’s stock valued at $366,000 after buying an additional 1,580 shares during the last quarter. B. Riley Wealth Advisors Inc. acquired a new stake in shares of Welltower during the third quarter worth about $2,246,000. Teachers Retirement System of The State of Kentucky acquired a new stake in shares of Welltower during the third quarter worth about $2,822,000. Finally, California State Teachers Retirement System grew its holdings in shares of Welltower by 0.4% during the third quarter. California State Teachers Retirement System now owns 754,724 shares of the real estate investment trust’s stock worth $48,544,000 after buying an additional 3,100 shares during the last quarter. 97.68% of the stock is owned by institutional investors and hedge funds.

Welltower Company Profile

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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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Analyst Recommendations for Welltower (NYSE:WELL)

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