In yesterday’s Wall Street session, Welltower Inc. (NYSE:WELL) shares traded at $83.00, up 1.65% from the previous session.
WELL stock price is now 0.42% away from the 50-day moving average and 8.18% away from the 200-day moving average. The market capitalization of the company currently stands at $43.05B.
With the price target of $83, Wedbush recently initiated with Neutral rating for Welltower Inc. (NYSE: WELL).
Insiders disposed of 63,621 shares of company stock worth roughly $5.28 million over the past 1 year. A total of 0.05% 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 UNISUPER MANAGEMENT PTY LTD during the first quarter worth $22,246,000. ALLSTATE INVESTMENT MANAGEMENT CO invested $15,626,000 in shares of WELL during the first quarter. In the first quarter, CAPITAL GROUP INVESTMENT MANAGEMENT PTE. LTD. acquired a new stake in Welltower Inc. valued at approximately $13,836,000. BANK PICTET & CIE (EUROPE) AG acquired a new stake in WELL for approximately $6,083,000. ERGOTELES LLC purchased a new stake in WELL valued at around $4,932,000 in the second quarter. In total, there are 1,182 active investors with 97.40% ownership of the company’s stock.
Thursday morning saw Welltower Inc. (NYSE: WELL) opened at $81.52. During the past 12 months, Welltower Inc. has had a low of $56.50 and a high of $86.72. According to the stock market information, the enterprise value for the company is $56.49B, which is based on a 339.89 price-to-earnings ratio, a 5.12 price-to-earnings-growth ratio, and a beta of 1.08. The fifty day moving average price for WELL is $82.65 and a two-hundred day moving average price translates $76.82 for the stock.
The latest earnings results from Welltower Inc. (NYSE: WELL) was released for Jun, 2023. According to the REIT – Healthcare Facilities Company, earnings per share came in at $0.2, beating analysts’ expectations of $0.16 by 0.04. This compares to $0.20 EPS in the same period last year. The net profit margin was 1.98% and return on equity was 0.59% for WELL. The company reported revenue of $1.67 billion for the quarter, compared to $1.47 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 13.1 percent. For the current quarter, analysts expect WELL to generate $1.63B in revenue.
Moreover, the firm recently paid out its quarterly dividend on 08/23/2023. Investors who held shares on 08/15/2023 were paid a $0.61 dividend. On an annualized basis, this represents a $2.45 dividend and a 2.95% percent yield. There was an ex-dividend date of 08/14/2023 for this dividend. In terms of dividend payout ratio, WELL is presently at 905.38%.
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, high-growth markets in the United States, Canada and the United Kingdom, consisting of seniors housing and post-acute communities and outpatient medical properties.
