Welltower (NYSE:WELL) Price Target Raised to $105.00 at Mizuho

Welltower (NYSE:WELL) had its price objective lifted by Mizuho from $98.00 to $105.00 in a research note released on Wednesday, Benzinga reports. The firm currently has a buy rating on the real estate investment trust’s stock.

WELL has been the subject of a number of other reports. Deutsche Bank Aktiengesellschaft assumed coverage on Welltower in a research note on Tuesday, January 30th. They issued a buy rating and a $115.00 price target for the company. Scotiabank lowered their price target on Welltower from $97.00 to $96.00 and set a sector outperform rating for the company in a research note on Monday, March 4th. StockNews.com raised Welltower from a sell rating to a hold rating in a research note on Monday. Finally, BNP Paribas assumed coverage on Welltower in a research note on Monday, March 18th. They issued an outperform rating and a $104.00 price target for the company. Five investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of Moderate Buy and an average target price of $96.07.

Welltower Trading Down 0.2 %

NYSE:WELL traded down $0.21 on Wednesday, hitting $98.19. 548,661 shares of the stock were exchanged, compared to its average volume of 2,514,644. The stock has a market capitalization of $58.71 billion, a price-to-earnings ratio of 121.51, a P/E/G ratio of 2.42 and a beta of 1.07. Welltower has a 52 week low of $72.47 and a 52 week high of $98.83. The company has a debt-to-equity ratio of 0.50, a quick ratio of 3.83 and a current ratio of 3.83. The company’s 50-day moving average price is $92.46 and its 200 day moving average price is $90.00.

Welltower (NYSE:WELL) last announced its quarterly earnings data on Monday, April 29th. The real estate investment trust reported $0.22 earnings per share for the quarter, missing the consensus estimate of $0.94 by ($0.72). The firm had revenue of $1.86 billion for the quarter, compared to the consensus estimate of $1.81 billion. Welltower had a return on equity of 1.77% and a net margin of 6.37%. The business’s revenue for the quarter was up 19.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.85 earnings per share. On average, equities research analysts forecast that Welltower will post 4.06 earnings per share for the current year.

Welltower Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 22nd. Shareholders of record on Monday, May 13th will be given a dividend of $0.61 per share. This represents a $2.44 dividend on an annualized basis and a yield of 2.48%. The ex-dividend date of this dividend is Friday, May 10th. Welltower’s dividend payout ratio (DPR) is currently 301.23%.

Institutional Investors Weigh In On Welltower

Several large investors have recently made changes to their positions in WELL. Nordea Investment Management AB boosted its stake in Welltower by 1,412.2% in the fourth quarter. Nordea Investment Management AB now owns 594,677 shares of the real estate investment trust’s stock valued at $54,062,000 after buying an additional 555,353 shares in the last quarter. Harbour Trust & Investment Management Co acquired a new stake in Welltower in the fourth quarter valued at about $5,409,000. Koshinski Asset Management Inc. boosted its stake in Welltower by 55.0% in the fourth quarter. Koshinski Asset Management Inc. now owns 4,108 shares of the real estate investment trust’s stock valued at $370,000 after buying an additional 1,458 shares in the last quarter. Envestnet Asset Management Inc. boosted its stake in Welltower by 27.3% in the third quarter. Envestnet Asset Management Inc. now owns 447,303 shares of the real estate investment trust’s stock valued at $36,643,000 after buying an additional 96,046 shares in the last quarter. Finally, Cerity Partners LLC boosted its stake in Welltower by 57.4% in the fourth quarter. Cerity Partners LLC now owns 168,106 shares of the real estate investment trust’s stock valued at $15,158,000 after buying an additional 61,324 shares in the last quarter. Institutional investors and hedge funds own 94.80% of the company’s stock.

About Welltower

Welltower Inc (NYSE:WELL), a 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 and infrastructure needed to scale innovative care delivery models and improve people's wellness and overall health care experience.