Welltower (NYSE:WELL) had its target price reduced by Bank of America from $67.00 to $58.00 in a research note published on Thursday morning. They currently have a neutral rating on the real estate investment trust’s stock.

Several other brokerages also recently issued reports on WELL. SunTrust Banks set a $66.00 target price on Welltower and gave the company a hold rating in a research note on Monday, January 22nd. TheStreet downgraded Welltower from a b- rating to a c+ rating in a research note on Thursday, February 8th. Royal Bank of Canada set a $62.00 target price on Welltower and gave the company a hold rating in a research note on Monday, February 26th. Capital One Financial raised Welltower from an equal weight rating to an overweight rating in a research note on Wednesday, November 8th. Finally, Stephens set a $70.00 target price on Welltower and gave the company a buy rating in a research note on Friday, January 12th. Three equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and five have assigned a buy rating to the stock. The stock presently has a consensus rating of Hold and a consensus price target of $65.93.

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Shares of Welltower (NYSE WELL) opened at $53.56 on Thursday. The stock has a market capitalization of $19,906.59, a P/E ratio of 42.17, a P/E/G ratio of 3.93 and a beta of 0.26. Welltower has a 12 month low of $51.63 and a 12 month high of $78.17. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.85 and a current ratio of 1.85.

Welltower (NYSE:WELL) last issued its earnings results on Thursday, February 22nd. The real estate investment trust reported $1.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.04 by ($0.02). The business had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.09 billion. Welltower had a net margin of 12.13% and a return on equity of 4.35%. The firm’s revenue for the quarter was up 2.4% compared to the same quarter last year. During the same period last year, the business posted $0.91 EPS. equities analysts forecast that Welltower will post 4.04 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, February 21st. Shareholders of record on Tuesday, February 13th were paid a $0.87 dividend. This represents a $3.48 dividend on an annualized basis and a yield of 6.50%. The ex-dividend date of this dividend was Monday, February 12th. Welltower’s payout ratio is 274.02%.

In other news, Director Gary Whitelaw acquired 1,862 shares of Welltower stock in a transaction on Monday, February 26th. The shares were acquired at an average price of $53.61 per share, with a total value of $99,821.82. Following the purchase, the director now directly owns 5,843 shares in the company, valued at approximately $313,243.23. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 0.19% of the company’s stock.

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Welltower Company Profile

Welltower Inc invests with seniors housing operators, post-acute providers and health systems to fund real estate and infrastructure. The Company invests in seniors housing and healthcare real estate. It operates in three segments: triple-net, seniors housing operating and outpatient medical. Welltower, a real estate investment trust (REIT), owns interests in properties concentrated in markets in the United States, Canada and the United Kingdom, consisting of seniors housing and post-acute communities, and outpatient medical properties.

Analyst Recommendations for Welltower (NYSE:WELL)

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