Welltower (NYSE:WELL) Price Target Raised to $242.00

Welltower (NYSE:WELL) had its target price hoisted by Bank of America from $221.00 to $242.00 in a report released on Tuesday morning,Benzinga reports. The brokerage currently has a buy rating on the real estate investment trust’s stock.

WELL has been the topic of several other reports. StockNews.com lowered shares of Welltower from a “hold” rating to a “sell” rating in a report on Thursday, February 13th. Raymond James raised their price target on Welltower from $145.00 to $155.00 and gave the stock a “strong-buy” rating in a research report on Monday, December 16th. Mizuho lifted their price objective on Welltower from $136.00 to $141.00 and gave the stock an “outperform” rating in a research note on Thursday, December 5th. Scotiabank increased their target price on Welltower from $142.00 to $144.00 and gave the company a “sector outperform” rating in a research note on Monday, January 27th. Finally, Wedbush upgraded Welltower from a “neutral” rating to an “outperform” rating and raised their target price for the stock from $145.00 to $167.00 in a report on Friday, February 14th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, Welltower currently has an average rating of “Moderate Buy” and a consensus target price of $140.19.

Welltower Trading Up 0.5 %

WELL stock opened at $150.47 on Tuesday. The company has a quick ratio of 4.22, a current ratio of 4.22 and a debt-to-equity ratio of 0.48. Welltower has a twelve month low of $87.87 and a twelve month high of $152.81. The company has a market cap of $96.50 billion, a P/E ratio of 96.46, a PEG ratio of 2.93 and a beta of 1.23. The business has a fifty day moving average of $133.44 and a 200-day moving average of $129.88.

Welltower (NYSE:WELL) last announced its quarterly earnings data on Tuesday, February 11th. The real estate investment trust reported $1.13 EPS for the quarter, topping analysts’ consensus estimates of $0.40 by $0.73. Welltower had a return on equity of 3.15% and a net margin of 11.91%. As a group, equities research analysts expect that Welltower will post 4.91 EPS for the current year.

Welltower Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 6th. Investors of record on Tuesday, February 25th will be issued a dividend of $0.67 per share. The ex-dividend date of this dividend is Tuesday, February 25th. This represents a $2.68 dividend on an annualized basis and a dividend yield of 1.78%. Welltower’s payout ratio is 171.79%.

Hedge Funds Weigh In On Welltower

A number of institutional investors and hedge funds have recently added to or reduced their stakes in WELL. Geller Advisors LLC lifted its holdings in shares of Welltower by 3.7% in the fourth quarter. Geller Advisors LLC now owns 1,911 shares of the real estate investment trust’s stock valued at $241,000 after purchasing an additional 69 shares in the last quarter. Mather Group LLC. raised its position in Welltower by 3.8% in the 4th quarter. Mather Group LLC. now owns 2,053 shares of the real estate investment trust’s stock valued at $259,000 after buying an additional 75 shares during the last quarter. Childress Capital Advisors LLC lifted its stake in Welltower by 3.7% in the 4th quarter. Childress Capital Advisors LLC now owns 2,152 shares of the real estate investment trust’s stock valued at $271,000 after acquiring an additional 76 shares in the last quarter. Fortitude Family Office LLC boosted its position in Welltower by 37.0% during the 3rd quarter. Fortitude Family Office LLC now owns 289 shares of the real estate investment trust’s stock worth $37,000 after acquiring an additional 78 shares during the last quarter. Finally, Old North State Wealth Management LLC grew its stake in shares of Welltower by 0.6% during the 3rd quarter. Old North State Wealth Management LLC now owns 12,864 shares of the real estate investment trust’s stock worth $1,648,000 after acquiring an additional 78 shares in the last quarter. 94.80% of the stock is owned by institutional investors and hedge funds.

About Welltower

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.