Welltower (NYSE:WELL) hit a new 52-week high and low on Tuesday . The company traded as low as $50.13 and last traded at $51.29, with a volume of 1416948 shares trading hands. The stock had previously closed at $50.68.
A number of brokerages recently weighed in on WELL. BMO Capital Markets reissued a “sell” rating and issued a $57.00 price target on shares of Welltower in a research report on Thursday, February 22nd. Zacks Investment Research raised shares of Welltower from a “sell” rating to a “hold” rating in a report on Tuesday, January 23rd. Citigroup reduced their target price on shares of Welltower from $67.00 to $54.00 and set a “neutral” rating for the company in a report on Tuesday, February 27th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $60.00 target price (down from $74.00) on shares of Welltower in a report on Friday, February 23rd. Finally, JPMorgan Chase reaffirmed a “neutral” rating and issued a $67.00 target price (down from $71.00) on shares of Welltower in a report on Friday, March 16th. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and four have issued a buy rating to the company. Welltower presently has an average rating of “Hold” and a consensus target price of $64.77.
The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 0.83. The firm has a market cap of $18,962.58, a P/E ratio of 12.12, a PEG ratio of 2.19 and a beta of 0.20.
Welltower (NYSE:WELL) last announced its earnings results on Thursday, February 22nd. The real estate investment trust reported $1.02 EPS for the quarter, missing analysts’ consensus estimates of $1.04 by ($0.02). Welltower had a net margin of 12.13% and a return on equity of 4.35%. The business had revenue of $1.10 billion during the quarter, compared to analysts’ expectations of $1.09 billion. During the same period in the previous year, the company posted $0.91 earnings per share. Welltower’s quarterly revenue was up 2.4% on a year-over-year basis. analysts predict that Welltower will post 4.03 EPS for the current fiscal year.
In other news, Director Gary Whitelaw purchased 1,862 shares of the business’s stock in a transaction that occurred on Monday, February 26th. The stock was purchased at an average cost of $53.61 per share, with a total value of $99,821.82. Following the completion of the acquisition, the director now directly owns 5,843 shares of the company’s stock, valued at approximately $313,243.23. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Kenneth J. Bacon purchased 600 shares of the business’s stock in a transaction that occurred on Thursday, March 15th. The shares were purchased at an average cost of $53.63 per share, with a total value of $32,178.00. The disclosure for this purchase can be found here. Corporate insiders own 0.17% of the company’s stock.
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Welltower Company Profile
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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