Welltower (WELL) Stock Rating Reaffirmed by BMO Capital Markets

BMO Capital Markets reiterated their hold rating on shares of Welltower (NYSE:WELL) in a research report sent to investors on Wednesday morning, AnalystRatings.com reports. BMO Capital Markets currently has a $73.00 target price on the real estate investment trust’s stock.

WELL has been the topic of a number of other research reports. Mitsubishi UFJ Financial Group increased their target price on Welltower to $82.00 and gave the company an overweight rating in a research report on Wednesday, February 13th. Royal Bank of Canada increased their target price on Welltower to $76.00 and gave the company a sector perform rating in a research report on Thursday, February 21st. Morgan Stanley increased their target price on Welltower from $77.00 to $83.00 and gave the company an overweight rating in a research report on Thursday, March 28th. Deutsche Bank raised their price objective on Welltower from $61.00 to $71.00 and gave the company a hold rating in a report on Friday, March 29th. Finally, Raymond James raised their price objective on Welltower from $75.00 to $78.00 and gave the company an outperform rating in a report on Tuesday, February 26th. They noted that the move was a valuation call. Eight investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. The company presently has a consensus rating of Buy and a consensus target price of $72.36.

Shares of NYSE:WELL traded up $1.10 during midday trading on Wednesday, reaching $76.45. 1,049,103 shares of the company’s stock traded hands, compared to its average volume of 1,533,656. Welltower has a 1 year low of $53.53 and a 1 year high of $79.41. The firm has a market capitalization of $30.96 billion, a price-to-earnings ratio of 18.97, a price-to-earnings-growth ratio of 3.23 and a beta of 0.43. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.84 and a quick ratio of 1.64.

Welltower (NYSE:WELL) last announced its earnings results on Tuesday, April 30th. The real estate investment trust reported $1.02 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.02. Welltower had a return on equity of 4.97% and a net margin of 13.06%. The firm had revenue of $1.27 billion for the quarter, compared to analyst estimates of $1.24 billion. During the same quarter last year, the firm posted $0.99 EPS. The business’s revenue was up 16.0% on a year-over-year basis. On average, sell-side analysts expect that Welltower will post 4.18 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 28th. Shareholders of record on Tuesday, May 14th will be issued a $0.87 dividend. The ex-dividend date of this dividend is Monday, May 13th. This represents a $3.48 dividend on an annualized basis and a yield of 4.55%. Welltower’s payout ratio is currently 86.35%.

In other Welltower news, EVP Mercedes Kerr sold 5,000 shares of the firm’s stock in a transaction on Thursday, February 28th. The stock was sold at an average price of $74.50, for a total value of $372,500.00. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.15% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Orrstown Financial Services Inc. purchased a new position in shares of Welltower during the 1st quarter worth $25,000. Clarfeld Financial Advisors LLC purchased a new position in shares of Welltower during the 4th quarter worth $27,000. Ellis Investment Partners LLC purchased a new position in shares of Welltower during the 1st quarter worth $27,000. JNBA Financial Advisors purchased a new position in shares of Welltower during the 4th quarter worth $28,000. Finally, Massey Quick Simon & CO. LLC purchased a new position in shares of Welltower during the 1st quarter worth $31,000. Institutional investors and hedge funds own 84.86% of the company’s stock.

Welltower Company Profile

Welltower Inc (NYSE: WELL), 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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Analyst Recommendations for Welltower (NYSE:WELL)

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