Welltower (NYSE:WELL) Price Target Raised to $87.00

Welltower (NYSE:WELL) had its price objective increased by Stifel Nicolaus from $78.00 to $87.00 in a report issued on Thursday, BenzingaRatingsTable reports. The brokerage currently has a buy rating on the real estate investment trust’s stock.

Other equities analysts have also issued research reports about the company. Raymond James lowered Welltower from an outperform rating to a market perform rating and set a $82.27 price target on the stock. in a research note on Thursday, June 13th. They noted that the move was a valuation call. Scotiabank set a $80.00 price target on Welltower and gave the company a hold rating in a research note on Friday, June 14th. Finally, BMO Capital Markets raised Welltower from a market perform rating to an outperform rating and upped their price target for the company from $73.00 to $86.00 in a research note on Tuesday, May 7th. Seven analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Welltower currently has an average rating of Buy and a consensus price target of $77.44.

Shares of WELL opened at $84.76 on Thursday. The company has a quick ratio of 1.84, a current ratio of 1.73 and a debt-to-equity ratio of 0.95. Welltower has a 12-month low of $60.93 and a 12-month high of $86.91. The firm has a market capitalization of $34.32 billion, a price-to-earnings ratio of 21.03, a PEG ratio of 4.19 and a beta of 0.29. The firm’s fifty day moving average price is $83.65.

Welltower (NYSE:WELL) last issued its quarterly earnings results on Wednesday, July 31st. The real estate investment trust reported $0.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.04 by ($0.70). Welltower had a net margin of 11.98% and a return on equity of 4.62%. The firm had revenue of $1.32 billion for the quarter, compared to analyst estimates of $1.30 billion. During the same period last year, the company earned $1.00 EPS. The company’s revenue was up 17.2% compared to the same quarter last year. As a group, equities analysts predict that Welltower will post 4.17 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 22nd. Investors of record on Thursday, August 15th will be issued a $0.87 dividend. The ex-dividend date is Wednesday, August 14th. This represents a $3.48 dividend on an annualized basis and a yield of 4.11%. Welltower’s dividend payout ratio is presently 86.35%.

In related news, CEO Thomas J. Derosa sold 19,307 shares of the company’s stock in a transaction dated Tuesday, May 14th. The stock was sold at an average price of $77.90, for a total value of $1,504,015.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.15% of the company’s stock.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in WELL. American Century Companies Inc. increased its holdings in Welltower by 154.5% in the first quarter. American Century Companies Inc. now owns 3,020,615 shares of the real estate investment trust’s stock valued at $234,400,000 after purchasing an additional 1,833,933 shares during the last quarter. Janus Henderson Group PLC increased its holdings in Welltower by 378.6% in the first quarter. Janus Henderson Group PLC now owns 1,941,356 shares of the real estate investment trust’s stock valued at $150,651,000 after purchasing an additional 1,535,700 shares during the last quarter. BlackRock Inc. increased its holdings in Welltower by 3.7% in the first quarter. BlackRock Inc. now owns 39,917,986 shares of the real estate investment trust’s stock valued at $3,097,636,000 after purchasing an additional 1,414,802 shares during the last quarter. Principal Financial Group Inc. increased its holdings in Welltower by 13.4% in the first quarter. Principal Financial Group Inc. now owns 8,719,318 shares of the real estate investment trust’s stock valued at $676,620,000 after purchasing an additional 1,032,562 shares during the last quarter. Finally, Geode Capital Management LLC increased its holdings in Welltower by 12.2% in the fourth quarter. Geode Capital Management LLC now owns 6,232,214 shares of the real estate investment trust’s stock valued at $432,262,000 after purchasing an additional 679,707 shares during the last quarter. Institutional investors and hedge funds own 86.99% of the company’s stock.

About Welltower

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.

Further Reading: The primary rules of Elliott Wave theory

Analyst Recommendations for Welltower (NYSE:WELL)

Receive News & Ratings for Welltower Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Welltower and related companies with MarketBeat.com's FREE daily email newsletter.