Welltower Inc. (NYSE:WELL - Get Free Report)'s stock price hit a new 52-week high on Friday . The stock traded as high as $121.70 and last traded at $121.06, with a volume of 57150 shares changing hands. The stock had previously closed at $120.55.
Wall Street Analyst Weigh In
A number of research analysts have recently commented on the company. KeyCorp upped their price target on Welltower from $95.00 to $115.00 and gave the stock an "overweight" rating in a report on Tuesday, July 2nd. Mizuho raised their price target on shares of Welltower from $98.00 to $105.00 and gave the stock a "buy" rating in a research report on Wednesday, May 8th. Wells Fargo & Company upped their price objective on shares of Welltower from $107.00 to $111.00 and gave the company an "overweight" rating in a research report on Thursday, May 30th. Evercore ISI increased their target price on shares of Welltower from $105.00 to $106.00 and gave the company an "in-line" rating in a research note on Wednesday. Finally, Deutsche Bank Aktiengesellschaft boosted their price target on Welltower from $115.00 to $137.00 and gave the company a "buy" rating in a research note on Wednesday, August 21st. Five investment analysts have rated the stock with a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $109.58.
Get Our Latest Research Report on WELL
Welltower Stock Performance
The company has a quick ratio of 3.83, a current ratio of 4.07 and a debt-to-equity ratio of 0.47. The stock has a fifty day simple moving average of $110.55 and a 200-day simple moving average of $100.85. The company has a market capitalization of $72.16 billion, a P/E ratio of 148.99, a PEG ratio of 2.74 and a beta of 1.18.
Welltower (NYSE:WELL - Get Free Report) last announced its quarterly earnings results on Monday, July 29th. The real estate investment trust reported $0.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.34 by $0.08. Welltower had a net margin of 8.36% and a return on equity of 2.21%. The firm had revenue of $1.82 billion during the quarter, compared to the consensus estimate of $1.89 billion. During the same period last year, the firm posted $0.90 EPS. The firm's quarterly revenue was up 9.6% on a year-over-year basis. Equities analysts forecast that Welltower Inc. will post 4.16 EPS for the current year.
Welltower Increases Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, August 21st. Shareholders of record on Monday, August 12th were paid a $0.67 dividend. 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 2.22%. This is a positive change from Welltower's previous quarterly dividend of $0.61. Welltower's payout ratio is currently 330.86%.
Insider Activity at Welltower
In other Welltower news, Director Kenneth J. Bacon sold 1,800 shares of the stock in a transaction on Tuesday, June 4th. The stock was sold at an average price of $103.91, for a total value of $187,038.00. Following the transaction, the director now directly owns 14,579 shares in the company, valued at approximately $1,514,903.89. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.12% of the stock is currently owned by company insiders.
Institutional Investors Weigh In On Welltower
A number of institutional investors and hedge funds have recently modified their holdings of WELL. First Foundation Advisors bought a new stake in Welltower in the second quarter valued at about $26,000. TruNorth Capital Management LLC bought a new stake in shares of Welltower in the 2nd quarter valued at about $27,000. Meeder Asset Management Inc. bought a new stake in shares of Welltower in the 2nd quarter valued at about $30,000. Rise Advisors LLC acquired a new stake in shares of Welltower in the 1st quarter valued at approximately $27,000. Finally, Centerpoint Advisors LLC acquired a new position in Welltower during the second quarter valued at approximately $31,000. 94.80% of the stock is owned by institutional investors.
Welltower Company Profile
(Get Free Report)
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.
Read More
- Five stocks we like better than Welltower
- How to Evaluate a Stock Before Buying
- The Solar Stock Battle: Is Daqo or JinkoSolar Your Next Big Win?
- What is the Nikkei 225 index?
- Are These Chinese Stocks a Buy? Michael Burry’s Top Picks Say Yes
- Asset Allocation: The Key to a Successful Portfolio. Are You Paying Attention to Yours?
- Five Below Stock Faces Challenges Despite Strong Revenue Growth
→ The perfect AI stock? (270X more lucrative than NVIDIA) (From Behind the Markets) (Ad)
Should you invest $1,000 in Welltower right now?
Before you consider Welltower, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Welltower wasn't on the list.
While Welltower currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Beginner's Guide to Pot Stock Investing
Click the link below and we'll send you MarketBeat's guide to pot stock investing and which pot companies show the most promise.
Get This Free Report
