The price of Welltower Inc. (NYSE:WELL) shares last traded on Wall Street rose 0.84% to $86.37.
Based on available information, 18 analysts follow Welltower Inc. (NYSE:WELL). The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $111.00 and a low of $78.00, we find $90.00. Given the previous closing price of $85.65, this indicates a potential upside of 5.08 percent. WELL stock price is now 3.42% away from the 50-day moving average and 9.77% away from the 200-day moving average. The market capitalization of the company currently stands at $46.29B.
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Among analysts, 6 rate the stock a hold while 9 rate it a buy. Brokers who have rated the stock have averaged $90.94 as their price target over the next twelve months.
With the price target maintained at $90, JP Morgan recently Downgraded its rating from Overweight to Neutral for Welltower Inc. (NYSE: WELL).
Insiders disposed of 63,621 shares of company stock worth roughly $5.49 million over the past 1 year. A total of 0.05% of the company’s stock is owned by insiders.
A candlestick chart of Welltower Inc. (NYSE: WELL) showed a price of $86.09 on Wednesday morning. During the past 12 months, Welltower Inc. has had a low of $62.62 and a high of $89.69. The fifty day moving average price for WELL is $83.51 and a two-hundred day moving average price translates $78.68 for the stock.
The latest earnings results from Welltower Inc. (NYSE: WELL) was released for Sep, 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 -$0.01 EPS in the same period last year. The net profit margin was 2.92% and return on equity was 1.20% for WELL. The company reported revenue of $1.66 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 12.77 percent. For the current quarter, analysts expect WELL to generate $1.63B in revenue.
