Welltower (NYSE:WELL) Hits New 12-Month High After Analyst Upgrade

Welltower Inc. (NYSE:WELL) hit a new 52-week high during trading on Thursday after Scotiabank raised their price target on the stock from $182.00 to $214.00. Scotiabank currently has a sector outperform rating on the stock. Welltower traded as high as $192.81 and last traded at $191.6490, with a volume of 3879438 shares. The stock had previously closed at $192.31.

Other equities analysts have also recently issued reports about the stock. Loop Capital set a $196.00 price objective on shares of Welltower in a research report on Wednesday, October 29th. National Bankshares set a $246.00 target price on shares of Welltower in a research note on Friday, October 17th. Wall Street Zen downgraded shares of Welltower from a “hold” rating to a “sell” rating in a report on Saturday, November 1st. KeyCorp raised their price objective on Welltower from $150.00 to $200.00 and gave the company an “overweight” rating in a report on Tuesday, September 23rd. Finally, Evercore ISI boosted their price objective on Welltower from $175.00 to $183.00 and gave the stock an “in-line” rating in a research report on Monday, September 15th. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $190.07.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of WELL. Hager Investment Management Services LLC increased its stake in shares of Welltower by 84.4% in the 3rd quarter. Hager Investment Management Services LLC now owns 142 shares of the real estate investment trust’s stock valued at $25,000 after acquiring an additional 65 shares in the last quarter. SouthState Corp increased its position in Welltower by 704.8% in the 1st quarter. SouthState Corp now owns 169 shares of the real estate investment trust’s stock valued at $26,000 after buying an additional 148 shares in the last quarter. Wealth Preservation Advisors LLC acquired a new position in Welltower during the 1st quarter worth approximately $27,000. N.E.W. Advisory Services LLC bought a new position in Welltower in the first quarter worth approximately $32,000. Finally, WPG Advisers LLC bought a new position in Welltower in the first quarter worth approximately $34,000. 94.80% of the stock is owned by institutional investors.

Welltower Trading Up 1.5%

The firm has a market cap of $133.05 billion, a price-to-earnings ratio of 133.69, a P/E/G ratio of 1.93 and a beta of 0.92. The firm’s 50-day moving average is $176.02 and its 200-day moving average is $163.55. The company has a current ratio of 5.47, a quick ratio of 4.19 and a debt-to-equity ratio of 0.43.

Welltower (NYSE:WELL) last posted its earnings results on Monday, October 27th. The real estate investment trust reported $1.34 earnings per share for the quarter, topping analysts’ consensus estimates of $1.30 by $0.04. The company had revenue of $2.69 billion for the quarter, compared to analyst estimates of $2.70 billion. Welltower had a net margin of 9.69% and a return on equity of 2.71%. The firm’s revenue was up 30.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.11 EPS. Welltower has set its FY 2025 guidance at 5.240-5.300 EPS. As a group, sell-side analysts anticipate that Welltower Inc. will post 4.88 EPS for the current fiscal year.

Welltower Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, November 20th. Investors of record on Tuesday, November 11th will be given a dividend of $0.74 per share. The ex-dividend date of this dividend is Monday, November 10th. This represents a $2.96 annualized dividend and a dividend yield of 1.5%. Welltower’s payout ratio is presently 204.14%.

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.