Welltower (NYSE:WELL) Hits New 12-Month High After Analyst Upgrade

by · The Cerbat Gem

Welltower Inc. (NYSE:WELL – Get Free Report) hit a new 52-week high during trading on Thursday after Scotiabank raised their price target on the stock from $182.00 to $214.00. Scotiabank currently has a sector outperform rating on the stock. Welltower traded as high as $192.81 and last traded at $191.6490, with a volume of 3879438 shares. The stock had previously closed at $192.31.

Other equities analysts have also recently issued reports about the stock. Loop Capital set a $196.00 price objective on shares of Welltower in a research report on Wednesday, October 29th. National Bankshares set a $246.00 target price on shares of Welltower in a research note on Friday, October 17th. Wall Street Zen downgraded shares of Welltower from a “hold” rating to a “sell” rating in a report on Saturday, November 1st. KeyCorp raised their price objective on Welltower from $150.00 to $200.00 and gave the company an “overweight” rating in a report on Tuesday, September 23rd. Finally, Evercore ISI boosted their price objective on Welltower from $175.00 to $183.00 and gave the stock an “in-line” rating in a research report on Monday, September 15th. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $190.07.

Read Our Latest Stock Report on WELL

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of WELL. Hager Investment Management Services LLC increased its stake in shares of Welltower by 84.4% in the 3rd quarter. Hager Investment Management Services LLC now owns 142 shares of the real estate investment trust’s stock valued at $25,000 after acquiring an additional 65 shares in the last quarter. SouthState Corp increased its position in Welltower by 704.8% in the 1st quarter. SouthState Corp now owns 169 shares of the real estate investment trust’s stock valued at $26,000 after buying an additional 148 shares in the last quarter. Wealth Preservation Advisors LLC acquired a new position in Welltower during the 1st quarter worth approximately $27,000. N.E.W. Advisory Services LLC bought a new position in Welltower in the first quarter worth approximately $32,000. Finally, WPG Advisers LLC bought a new position in Welltower in the first quarter worth approximately $34,000. 94.80% of the stock is owned by institutional investors.

Welltower Trading Up 1.5%

The firm has a market cap of $133.05 billion, a price-to-earnings ratio of 133.69, a P/E/G ratio of 1.93 and a beta of 0.92. The firm’s 50-day moving average is $176.02 and its 200-day moving average is $163.55. The company has a current ratio of 5.47, a quick ratio of 4.19 and a debt-to-equity ratio of 0.43.

Welltower (NYSE:WELL – Get Free Report) last posted its earnings results on Monday, October 27th. The real estate investment trust reported $1.34 earnings per share for the quarter, topping analysts’ consensus estimates of $1.30 by $0.04. The company had revenue of $2.69 billion for the quarter, compared to analyst estimates of $2.70 billion. Welltower had a net margin of 9.69% and a return on equity of 2.71%. The firm’s revenue was up 30.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.11 EPS. Welltower has set its FY 2025 guidance at 5.240-5.300 EPS. As a group, sell-side analysts anticipate that Welltower Inc. will post 4.88 EPS for the current fiscal year.

Welltower Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, November 20th. Investors of record on Tuesday, November 11th will be given a dividend of $0.74 per share. The ex-dividend date of this dividend is Monday, November 10th. This represents a $2.96 annualized dividend and a dividend yield of 1.5%. Welltower’s payout ratio is presently 204.14%.

Welltower Company Profile

(Get Free Report)

Welltower Inc (NYSE:WELL), a real estate investment trust (“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 infrastructure needed to scale innovative care delivery models and improve people’s wellness and overall health care experience.

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