In yesterday’s Wall Street session, Welltower Inc. (NYSE:WELL) shares traded at $73.62, down -0.82% from the previous session.
20 analysts cover Welltower Inc. (NYSE:WELL), according to research data. The consensus rating among analysts is ‘Buy’. As we calculate the median target price by taking the range between a high of $111.00 and a low of $70.00, we find $87.00. Given the previous closing price of $74.23, this indicates a potential upside of 17.2 percent. WELL stock price is now -0.86% away from the 50-day moving average and 3.57% away from the 200-day moving average. The market capitalization of the company currently stands at $36.75B.
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The stock has received a hold rating from 3 analysts and a buy rating from 15. Brokers who have rated the stock have averaged $85.53 as their price target over the next twelve months.
Insiders disposed of 63,213 shares of company stock worth roughly $4.65 million over the past 1 year. A total of 0.06% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in WELL stock. A new stake in Welltower Inc. shares was purchased by OFI INVEST ASSET MANAGEMENT during the first quarter worth $81,648,000. APG ASSET MANAGEMENT US INC. invested $22,903,000 in shares of WELL during the first quarter. In the first quarter, ALLSTATE INVESTMENT MANAGEMENT CO acquired a new stake in Welltower Inc. valued at approximately $13,860,000. MORAN WEALTH MANAGEMENT, LLC acquired a new stake in WELL for approximately $3,391,000. CAPITAL INTERNATIONAL, INC./CA/ purchased a new stake in WELL valued at around $2,324,000 in the second quarter.
On Thursday morning Welltower Inc. (NYSE: WELL) stock kicked off with the opening price of $74.52. During the past 12 months, Welltower Inc. has had a low of $56.50 and a high of $90.35. According to the stock market information, the enterprise value for the company is $52.72B, which is based on a 306.75 price-to-earnings ratio, a 4.88 price-to-earnings-growth ratio, and a beta of 1.05. The fifty day moving average price for WELL is $74.31 and a two-hundred day moving average price translates $71.04 for the stock.
The latest earnings results from Welltower Inc. (NYSE: WELL) was released for Mar, 2023. According to the REIT – Healthcare Facilities Company, earnings per share came in at $0.05, missing analysts’ expectations of $0.12 by -0.07. This compares to $0.14 EPS in the same period last year. The net profit margin was 3.40% and return on equity was 1.10% for WELL. The company reported revenue of $1.56 billion for the quarter, compared to $1.4 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 11.82 percent. For the current quarter, analysts expect WELL to generate $1.58B in revenue.
Moreover, the firm recently paid out its quarterly dividend on 05/23/2023. Investors who held shares on 05/16/2023 were paid a $0.61 dividend. On an annualized basis, this represents a $2.44 dividend and a 3.31% percent yield. There was an ex-dividend date of 05/15/2023 for this dividend. In terms of dividend payout ratio, WELL is presently at 540.50%.
Welltower Inc.(WELL) Company Profile
Welltower Inc. (NYSE:WELL), an S&P 500 company headquartered in Toledo, Ohio, is driving the transformation of health care infrastructure. The Company 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. Welltower, a real estate investment trust (“REIT”), owns interests in properties concentrated in major, high-growth markets in the United States, Canada and the United Kingdom, consisting of seniors housing and post-acute communities and outpatient medical properties.
