Welltower (NYSE:WELL) Director Kenneth J. Bacon purchased 600 shares of the stock in a transaction dated Thursday, March 15th. The shares were bought at an average price of $53.63 per share, with a total value of $32,178.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.
Shares of Welltower stock opened at $55.01 on Monday. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.85 and a quick ratio of 1.85. Welltower has a 1-year low of $51.63 and a 1-year high of $78.17. The stock has a market cap of $20,445.51, a price-to-earnings ratio of 13.07, a price-to-earnings-growth ratio of 2.33 and a beta of 0.20.
Welltower (NYSE:WELL) last issued its quarterly earnings results on Thursday, February 22nd. The real estate investment trust reported $1.02 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.04 by ($0.02). Welltower had a return on equity of 4.35% and a net margin of 12.13%. The business had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.09 billion. During the same quarter in the previous year, the business posted $0.91 earnings per share. The business’s revenue was up 2.4% on a year-over-year basis. sell-side analysts forecast that Welltower will post 4.03 earnings per share for the current year.
A number of analysts recently weighed in on the company. Zacks Investment Research downgraded Welltower from a “hold” rating to a “sell” rating in a report on Tuesday, January 9th. Stephens set a $70.00 price objective on Welltower and gave the company a “buy” rating in a report on Friday, January 12th. SunTrust Banks set a $66.00 price objective on Welltower and gave the company a “hold” rating in a report on Monday, January 22nd. BMO Capital Markets restated a “sell” rating and issued a $57.00 price objective on shares of Welltower in a report on Thursday, February 22nd. Finally, ValuEngine upgraded Welltower from a “hold” rating to a “buy” rating in a report on Wednesday, March 28th. Three equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and four have assigned a buy rating to the stock. Welltower presently has a consensus rating of “Hold” and a consensus target price of $64.77.
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Welltower Inc (NYSE:HCN), 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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