Welltower Inc. (NYSE:WELL) Receives Consensus Buy Rating From Brokers

Welltower Inc. (NYSE:WELL – Get Rating) has an average rating of “buy” from the sixteen research firms currently covering the company, reports MarketBeat.com. One research analyst has rated the stock with a sell rating, two with a hold rating, eight with a buy rating and one with a strong buy rating. The average 1-year target price among brokers who have updated their coverage of the stock over the past year is $99.00.

WELL has been the subject of several recent analyst reports. The Royal Bank of Canada raised its target price on Welltower to $100.00 from $97.00 in a research report on Friday, May 20. Morgan Stanley raised its target price on Welltower to $100.00 from $95.50 in a research report on Thursday, March 17. KeyCorp raised its target price on Welltower shares to $98.00 from $96.00 and gave the company an overweight rating in a report on Friday, April 1. Evercore ISI put a price target of $99.00 on Welltower shares in a research note on Monday. Finally, StockNews.com downgraded shares of Welltower from a “hold” rating to a “sell” rating in a report Wednesday, June 15th.

NYSE:WELL opened at $77.65 on Tuesday. Welltower has a 1-year low of $76.56 and a 1-year high of $99.43. The company has a quick ratio of 2.13, a current ratio of 2.13 and a debt to equity ratio of 0.78. The company has a market cap of $35.25 billion, a price-to-earnings ratio of 103.53, a price-to-earnings-to-growth ratio of 3.52 and a beta of 0.98. The stock has a 50-day simple moving average of $88.95 and a 200-day simple moving average of $87.64.

(Advertisement)

This guide will help you identify and implement an options trading strategy that suits your specific needs and risk profile.

Take your trading to the next level with the options strategy guide.

Welltower (NYSE:WELL – Get Rating) last released its quarterly earnings results on Tuesday, May 10th. The Real Estate Investment Trust reported earnings per share (EPS) of $0.14 for the quarter, missing the consensus estimate of $0.82 ($0.68). Welltower had a return on equity of 1.81% and a net margin of 6.42%. The company had revenue of $1.40 billion for the quarter, compared to analyst estimates of $1.38 billion. In the same quarter last year, the company generated earnings per share of $0.80. The company’s revenue for the quarter rose 32.7% year over year. Equity analysts are forecasting Welltower to report year-to-date earnings per share of 3.52.

The company also recently announced a quarterly dividend, which was paid on Tuesday, May 31st. A dividend of $0.61 per share was paid to investors of record on Tuesday, May 24th. That equates to a dividend of $2.44 on an annualized basis and a yield of 3.14%. The ex-dividend date of this dividend was Monday May 23rd. Welltower’s dividend payout ratio (DPR) is 325.34%.

Several institutional investors and hedge funds have recently changed their positions in the company. Newbridge Financial Services Group Inc. increased its stake in Welltower shares by 148.3% in the fourth quarter. Newbridge Financial Services Group Inc. now owns 293 shares of the $25,000 Real Estate Investment Trust after buying another 175 shares last quarter. covestor ltd increased its stake in Welltower shares by 97.4% in the first quarter. Covestor Ltd now owns 298 shares of the Real Estate Investment Trust, valued at $29,000, having purchased a further 147 shares during the period. Zullo Investment Group Inc. acquired a new interest in Welltower valued at approximately $30,000 during the fourth quarter. FSB Premier Wealth Management Inc. acquired a new position in Welltower valued at approximately $36,000 during the fourth quarter. Finally, Disciplined Investments LLC bought a new position in Welltower stock valued at approximately $37,000 during the first quarter. Institutional investors and hedge funds own 93.79% of the company’s shares.

Welltower Company Profile (get rating)

Welltower Inc (NYSE:WELL), an S&P 500 company headquartered in Toledo, Ohio, is driving the transformation of healthcare infrastructure. The company invests in leading senior housing operators, post-acute care providers and healthcare systems to fund the real estate infrastructure needed to scale innovative models of care and improve people’s well-being and universal healthcare.

Selected Stories

Analyst Recommendations for Welltower (NYSE:WELL)

This instant news alert was generated by MarketBeat’s narrative science technology and financial data to provide readers with the fastest, most accurate reporting. This story was reviewed by the MarketBeat editorial team prior to publication. Please send questions or comments about this story to [email protected]

Should You Invest $1,000 in Welltower Now?

Before you consider Welltower, you should hear this.

MarketBeat tracks Wall Street’s best-in-class, top-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 takes hold… and Welltower wasn’t on the list.

While Welltower currently has a buy rating among analysts, top analysts believe these five stocks are better buys.

Check out the 5 stocks here

Leave a Comment