Welltower Inc. (NYSE:WELL) Receives $82.45 Consensus Target Price from Analysts

Shares of Welltower Inc. (NYSE:WELL) have earned an average rating of “Buy” from the twenty-one brokerages that are covering the stock, MarketBeat.com reports. Six analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating on the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $83.70.

A number of brokerages have recently issued reports on WELL. Mizuho began coverage on Welltower in a research report on Wednesday, July 14th. They set a “neutral” rating and a $68.00 target price on the stock. Raymond James boosted their target price on Welltower from $95.00 to $98.00 and gave the stock a “strong-buy” rating in a research report on Thursday. Morgan Stanley boosted their target price on Welltower from $86.00 to $100.00 and gave the stock an “overweight” rating in a research report on Monday, September 13th. Evercore ISI raised Welltower from an “in-line” rating to an “outperform” rating and boosted their target price for the stock from $77.00 to $86.00 in a research report on Monday, June 14th. Finally, KeyCorp lifted their price target on Welltower from $88.00 to $96.00 and gave the company an “overweight” rating in a report on Wednesday, August 11th.

Shares of WELL traded down $2.44 during midday trading on Friday, reaching $83.30. The stock had a trading volume of 1,918,840 shares, compared to its average volume of 2,093,080. Welltower has a 52 week low of $51.41 and a 52 week high of $89.80. The company has a debt-to-equity ratio of 0.80, a current ratio of 2.74 and a quick ratio of 2.74. The firm’s 50 day moving average price is $86.07 and its 200-day moving average price is $80.19. The company has a market capitalization of $35.20 billion, a P/E ratio of 59.93, a P/E/G ratio of 4.85 and a beta of 1.06.

Welltower (NYSE:WELL) last announced its earnings results on Thursday, July 29th. The real estate investment trust reported $0.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.77 by ($0.71). Welltower had a return on equity of 4.76% and a net margin of 13.49%. On average, equities analysts forecast that Welltower will post 3.22 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Thursday, August 19th. Shareholders of record on Thursday, August 12th were paid a $0.61 dividend. The ex-dividend date was Wednesday, August 11th. This represents a $2.44 dividend on an annualized basis and a yield of 2.93%. Welltower’s dividend payout ratio (DPR) is currently 68.54%.

Hedge funds and other institutional investors have recently modified their holdings of the business. Jacobi Capital Management LLC boosted its stake in shares of Welltower by 10.0% during the 2nd quarter. Jacobi Capital Management LLC now owns 1,334 shares of the real estate investment trust’s stock worth $111,000 after acquiring an additional 121 shares in the last quarter. Bedel Financial Consulting Inc. boosted its stake in shares of Welltower by 11.9% during the 2nd quarter. Bedel Financial Consulting Inc. now owns 1,155 shares of the real estate investment trust’s stock worth $96,000 after acquiring an additional 123 shares in the last quarter. Kingsview Wealth Management LLC boosted its stake in shares of Welltower by 3.8% during the 2nd quarter. Kingsview Wealth Management LLC now owns 3,596 shares of the real estate investment trust’s stock worth $301,000 after acquiring an additional 133 shares in the last quarter. Parkside Financial Bank & Trust boosted its stake in shares of Welltower by 3.3% during the 2nd quarter. Parkside Financial Bank & Trust now owns 4,330 shares of the real estate investment trust’s stock worth $360,000 after acquiring an additional 138 shares in the last quarter. Finally, Kistler Tiffany Companies LLC boosted its stake in shares of Welltower by 20.7% during the 2nd quarter. Kistler Tiffany Companies LLC now owns 827 shares of the real estate investment trust’s stock worth $69,000 after acquiring an additional 142 shares in the last quarter. Hedge funds and other institutional investors own 93.51% of the company’s stock.

Welltower Company Profile

Welltower, Inc engages in the provision of health care infrastructure and investment of seniors housing operators, post-acute providers, and health systems. It operates through the following segments: Seniors Housing Operating, Triple-net, and Outpatient Medical. The Seniors Housing Operating segment includes the seniors housing communities.

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Analyst Recommendations for Welltower (NYSE:WELL)

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