Welltower (NYSE:WELL) Price Target Raised to $142.00

Welltower (NYSE:WELL) had its price objective boosted by Scotiabank from $133.00 to $142.00 in a report released on Monday,Benzinga reports. The brokerage currently has a sector outperform rating on the real estate investment trust’s stock.

A number of other research firms have also recently commented on WELL. Wolfe Research raised shares of Welltower to a “strong-buy” rating in a report on Friday, August 9th. Evercore ISI upped their price objective on Welltower from $106.00 to $114.00 and gave the company an “in-line” rating in a research note on Monday, September 16th. Deutsche Bank Aktiengesellschaft upped their price objective on Welltower from $115.00 to $137.00 and gave the company a “buy” rating in a research note on Wednesday, August 21st. Royal Bank of Canada upped their price objective on Welltower from $101.00 to $114.00 and gave the company a “sector perform” rating in a research note on Friday, August 9th. Finally, StockNews.com raised Welltower from a “sell” rating to a “hold” rating in a research note on Wednesday, October 30th. Five equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Welltower has a consensus rating of “Moderate Buy” and an average price target of $117.50.

Welltower Trading Up 0.2 %

WELL opened at $139.30 on Monday. Welltower has a twelve month low of $85.40 and a twelve month high of $140.75. The company has a 50-day simple moving average of $131.70 and a 200 day simple moving average of $117.80. The company has a quick ratio of 4.10, a current ratio of 4.10 and a debt-to-equity ratio of 0.51. The stock has a market capitalization of $86.74 billion, a price-to-earnings ratio of 91.64, a P/E/G ratio of 3.04 and a beta of 1.20.

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 analysts’ consensus estimates of $1.04 by ($0.31). The company had revenue of $2.06 billion during the quarter, compared to the consensus estimate of $1.95 billion. Welltower had a return on equity of 3.20% and a net margin of 12.22%. The firm’s revenue was up 23.7% compared to the same quarter last year. During the same period last year, the company posted $0.92 EPS. Analysts predict that Welltower will post 4.3 EPS for the current fiscal year.

Welltower Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 21st. Stockholders of record on Wednesday, November 13th were given a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a dividend yield of 1.92%. The ex-dividend date was Wednesday, November 13th. Welltower’s dividend payout ratio (DPR) is 176.32%.

Institutional Trading of Welltower

Several large investors have recently modified their holdings of the stock. Fortitude Family Office LLC grew its position in shares of Welltower by 37.0% during the 3rd quarter. Fortitude Family Office LLC now owns 289 shares of the real estate investment trust’s stock worth $37,000 after buying an additional 78 shares during the period. Old North State Wealth Management LLC lifted its holdings in shares of Welltower by 0.6% in the 3rd quarter. Old North State Wealth Management LLC now owns 12,864 shares of the real estate investment trust’s stock worth $1,648,000 after purchasing an additional 78 shares in the last quarter. Frank Rimerman Advisors LLC lifted its holdings in shares of Welltower by 0.9% in the 3rd quarter. Frank Rimerman Advisors LLC now owns 9,617 shares of the real estate investment trust’s stock worth $1,231,000 after purchasing an additional 82 shares in the last quarter. Valeo Financial Advisors LLC lifted its holdings in shares of Welltower by 2.6% in the 3rd quarter. Valeo Financial Advisors LLC now owns 3,668 shares of the real estate investment trust’s stock worth $470,000 after purchasing an additional 94 shares in the last quarter. Finally, GHP Investment Advisors Inc. lifted its holdings in shares of Welltower by 14.1% in the 3rd quarter. GHP Investment Advisors Inc. now owns 775 shares of the real estate investment trust’s stock worth $99,000 after purchasing an additional 96 shares in the last quarter. 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.