The price of Welltower Inc. (NYSE:WELL) shares last traded on Wall Street fell -0.36% to $81.18.
Based on available information, 16 analysts follow Welltower Inc. (NYSE:WELL). 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 $74.00, we find $88.00. Given the previous closing price of $81.47, this indicates a potential upside of 8.02 percent. WELL stock price is now 4.06% away from the 50-day moving average and 14.19% away from the 200-day moving average. The market capitalization of the company currently stands at $40.18B.
Among analysts, 1 rate the stock a hold while 13 rate it a buy. Brokers who have rated the stock have averaged $87.20 as their price target over the next twelve months.
With the price target enhanced from $82 to $90, Raymond James Downgraded its rating from Strong Buy to Outperform for Welltower Inc. (NYSE: WELL).
Insiders disposed of 63,621 shares of company stock worth roughly $5.16 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 $90,032,000. APG ASSET MANAGEMENT US INC. invested $25,255,000 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 $15,284,000. MORAN WEALTH MANAGEMENT, LLC acquired a new stake in WELL for approximately $3,739,000. CAPITAL INTERNATIONAL, INC./CA/ purchased a new stake in WELL valued at around $2,562,000 in the second quarter. In total, there are 1,187 active investors with 99.92% ownership of the company’s stock.
A candlestick chart of Welltower Inc. (NYSE: WELL) showed a price of $81.38 on Wednesday morning. During the past 12 months, Welltower Inc. has had a low of $56.50 and a high of $86.83. According to the stock market information, the enterprise value for the company is $55.01B, which is based on a 338.25 price-to-earnings ratio, a 5.38 price-to-earnings-growth ratio, and a beta of 1.06. The fifty day moving average price for WELL is $78.13 and a two-hundred day moving average price translates $71.14 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 1.70% and return on equity was 0.50% 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 $1.59B 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 3.01% 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 905.31%.
Welltower Inc.(WELL) 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. Welltower, owns interests in properties concentrated in major, highgrowth markets in the United States, Canada and the United Kingdom, consisting of seniors housing and post-acute communities and outpatient medical properties.
