Welltower Inc. (NYSE:WELL) Receives $112.38 Consensus Price Target from Brokerages

Shares of Welltower Inc. (NYSE:WELL) have been given a consensus recommendation of “Moderate Buy” by the thirteen analysts that are covering the firm, MarketBeat.com reports. Three analysts have rated the stock with a hold recommendation, eight have assigned a buy recommendation and two have given a strong buy recommendation to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $113.38.

WELL has been the subject of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft lifted their target price on Welltower from $115.00 to $137.00 and gave the company a “buy” rating in a report on Wednesday, August 21st. Wedbush boosted their price objective on shares of Welltower from $100.00 to $120.00 and gave the company a “neutral” rating in a research note on Monday, August 5th. Morgan Stanley increased their target price on shares of Welltower from $103.00 to $107.50 and gave the stock an “overweight” rating in a research note on Thursday, July 11th. Evercore ISI boosted their price target on shares of Welltower from $106.00 to $114.00 and gave the company an “in-line” rating in a research report on Monday, September 16th. Finally, Royal Bank of Canada increased their price objective on Welltower from $101.00 to $114.00 and gave the stock a “sector perform” rating in a research report on Friday, August 9th.

Welltower Stock Performance

NYSE WELL opened at $127.20 on Monday. The firm has a market cap of $76.05 billion, a P/E ratio of 156.65, a price-to-earnings-growth ratio of 2.97 and a beta of 1.21. The company has a quick ratio of 4.07, a current ratio of 4.07 and a debt-to-equity ratio of 0.47. The company’s 50 day moving average is $119.29 and its 200-day moving average is $105.59. Welltower has a 12-month low of $78.38 and a 12-month high of $131.31.

Welltower (NYSE:WELL) last issued its earnings results on Monday, July 29th. The real estate investment trust reported $0.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.34 by $0.08. Welltower had a net margin of 8.36% and a return on equity of 2.21%. The business had revenue of $1.82 billion for the quarter, compared to analysts’ expectations of $1.89 billion. During the same quarter in the previous year, the firm posted $0.90 EPS. The business’s revenue for the quarter was up 9.6% compared to the same quarter last year. Sell-side analysts predict that Welltower will post 4.19 earnings per share for the current year.

Welltower Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, August 21st. Investors of record on Monday, August 12th were given a $0.67 dividend. This is an increase from Welltower’s previous quarterly dividend of $0.61. The ex-dividend date of this dividend was Monday, August 12th. This represents a $2.68 dividend on an annualized basis and a yield of 2.11%. Welltower’s payout ratio is presently 330.86%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Nomura Holdings Inc. purchased a new stake in shares of Welltower in the 4th quarter valued at $8,857,000. Connors Investor Services Inc. lifted its stake in Welltower by 10.6% in the first quarter. Connors Investor Services Inc. now owns 117,715 shares of the real estate investment trust’s stock worth $10,999,000 after purchasing an additional 11,238 shares during the last quarter. Nordea Investment Management AB lifted its stake in Welltower by 88.1% in the first quarter. Nordea Investment Management AB now owns 1,118,333 shares of the real estate investment trust’s stock worth $104,072,000 after purchasing an additional 523,656 shares during the last quarter. Public Employees Retirement System of Ohio boosted its position in Welltower by 7.7% during the fourth quarter. Public Employees Retirement System of Ohio now owns 1,019,796 shares of the real estate investment trust’s stock valued at $91,955,000 after buying an additional 72,968 shares during the period. Finally, Centersquare Investment Management LLC grew its stake in shares of Welltower by 19.0% during the first quarter. Centersquare Investment Management LLC now owns 5,329,248 shares of the real estate investment trust’s stock valued at $507,771,000 after buying an additional 849,898 shares during the last quarter. 94.80% of the stock is currently owned by institutional investors.

Welltower Company Profile

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.