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

Shares of Welltower Inc. (NYSE:WELL) have been given an average recommendation of “Buy” by the thirteen analysts that are currently covering the firm, Marketbeat.com reports. Two analysts have rated the stock with a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $156.46.

Several brokerages have commented on WELL. Evercore ISI boosted their target price on Welltower from $144.00 to $145.00 and gave the stock an “in-line” rating in a research note on Tuesday, March 4th. StockNews.com raised Welltower from a “sell” rating to a “hold” rating in a research note on Tuesday. Wedbush raised Welltower from a “neutral” rating to an “outperform” rating and upped their price objective for the company from $145.00 to $167.00 in a research note on Friday, February 14th. Wells Fargo & Company upped their price objective on Welltower from $140.00 to $158.00 and gave the company an “equal weight” rating in a research note on Monday, March 10th. Finally, Raymond James upped their price objective on Welltower from $145.00 to $155.00 and gave the company a “strong-buy” rating in a research note on Monday, December 16th.

Institutional Trading of Welltower

Several institutional investors have recently added to or reduced their stakes in WELL. Roxbury Financial LLC bought a new position in shares of Welltower during the 4th quarter worth approximately $26,000. Laurel Wealth Advisors LLC bought a new position in shares of Welltower during the 4th quarter worth approximately $25,000. Sierra Ocean LLC bought a new position in shares of Welltower during the 4th quarter worth approximately $28,000. Versant Capital Management Inc lifted its holdings in shares of Welltower by 165.5% in the 4th quarter. Versant Capital Management Inc now owns 300 shares of the real estate investment trust’s stock worth $38,000 after purchasing an additional 187 shares in the last quarter. Finally, First Command Advisory Services Inc. bought a new position in shares of Welltower in the 4th quarter worth $50,000. 94.80% of the stock is currently owned by institutional investors.

Welltower Stock Down 0.8 %

WELL stock 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. The company has a market cap 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. Welltower has a 52 week low of $87.87 and a 52 week high of $158.55. The business has a 50-day simple moving average of $142.63 and a 200 day simple moving average of $134.35.

Welltower (NYSE:WELL) last issued its earnings results on Tuesday, February 11th. The real estate investment trust reported $1.13 EPS for the quarter, topping the consensus estimate of $0.40 by $0.73. Welltower had a return on equity of 3.15% and a net margin of 11.91%. Sell-side analysts anticipate that Welltower will post 4.88 EPS for the current fiscal year.

Welltower Announces Dividend

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

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.