Welltower (NYSE:WELL) Price Target Raised to $158.00

Welltower (NYSE:WELL) had its price objective upped by Wells Fargo & Company from $140.00 to $158.00 in a research report sent to investors on Monday morning,Benzinga reports. Wells Fargo & Company currently has an equal weight rating on the real estate investment trust’s stock.

Other equities research analysts have also recently issued reports about the company. Wedbush upgraded Welltower from a “neutral” rating to an “outperform” rating and upped their target price for the stock from $145.00 to $167.00 in a report on Friday, February 14th. Scotiabank upped their price objective on shares of Welltower from $165.00 to $166.00 and gave the stock a “sector outperform” rating in a research note on Thursday, March 6th. Jefferies Financial Group upgraded Welltower from a “hold” rating to a “buy” rating and raised their target price for the company from $132.00 to $147.00 in a research report on Thursday, January 2nd. Raymond James increased 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. Finally, Royal Bank of Canada upgraded Welltower from a “sector perform” rating to an “outperform” rating and boosted their price objective for the company from $146.00 to $168.00 in a research report on Friday, February 28th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, ten have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, Welltower currently has a consensus rating of “Moderate Buy” and an average price target of $150.19.

Welltower Trading Up 0.0 %

NYSE WELL opened at $147.36 on Monday. The stock has a market cap of $94.50 billion, a PE ratio of 94.46, a PEG ratio of 2.87 and a beta of 1.20. Welltower has a 12 month low of $87.87 and a 12 month high of $158.55. The company’s 50-day moving average price is $140.27 and its 200-day moving average price is $133.35. The company has a current ratio of 4.22, a quick ratio of 4.22 and a debt-to-equity ratio of 0.48.

Welltower (NYSE:WELL) last issued its earnings results 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 net margin of 11.91% and a return on equity of 3.15%. Equities research analysts forecast that Welltower will post 4.88 earnings per share for the current year.

Welltower Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 6th. Shareholders of record on Tuesday, February 25th were paid a dividend of $0.67 per share. The ex-dividend date was Tuesday, February 25th. This represents a $2.68 annualized dividend and a yield of 1.82%. Welltower’s dividend payout ratio (DPR) is presently 171.79%.

Institutional Investors Weigh In On Welltower

A number of hedge funds have recently modified their holdings of the business. Geller Advisors LLC grew its stake in Welltower by 3.7% during the 4th quarter. Geller Advisors LLC now owns 1,911 shares of the real estate investment trust’s stock valued at $241,000 after acquiring an additional 69 shares in the last quarter. Mather Group LLC. grew its position in shares of Welltower by 3.8% in the fourth quarter. Mather Group LLC. now owns 2,053 shares of the real estate investment trust’s stock valued at $259,000 after purchasing an additional 75 shares in the last quarter. Childress Capital Advisors LLC increased its holdings in shares of Welltower by 3.7% in the fourth quarter. Childress Capital Advisors LLC now owns 2,152 shares of the real estate investment trust’s stock valued at $271,000 after purchasing an additional 76 shares during the last quarter. Woodmont Investment Counsel LLC lifted its position in Welltower by 3.8% during the fourth quarter. Woodmont Investment Counsel LLC now owns 2,213 shares of the real estate investment trust’s stock worth $279,000 after buying an additional 81 shares in the last quarter. Finally, Wealthspire Advisors LLC boosted its stake in Welltower by 2.5% during the fourth quarter. Wealthspire Advisors LLC now owns 3,451 shares of the real estate investment trust’s stock worth $435,000 after buying an additional 83 shares during the last quarter. 94.80% of the stock is currently owned by institutional investors and hedge funds.

Welltower Company Profile

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.