Evercore ISI Lowers Welltower (NYSE:WELL) to In-Line

Evercore ISI cut shares of Welltower (NYSE:WELLGet Rating) from an outperform rating to an in-line rating in a report released on Monday, The Fly reports. Evercore ISI currently has $72.00 price target on the real estate investment trust’s stock.

WELL has been the subject of several other research reports. Morgan Stanley upped their price target on shares of Welltower from $72.00 to $74.00 and gave the stock an overweight rating in a research report on Tuesday, November 15th. Stifel Nicolaus decreased their target price on Welltower from $83.00 to $70.00 in a research report on Tuesday, October 4th. Raymond James cut Welltower from a strong-buy rating to an outperform rating and dropped their price target for the stock from $81.00 to $70.00 in a research report on Tuesday, November 1st. Robert W. Baird lowered Welltower from an outperform rating to a neutral rating and set a $66.00 price objective on the stock. in a report on Monday, October 10th. Finally, Credit Suisse Group dropped their target price on shares of Welltower from $100.00 to $75.00 and set an outperform rating for the company in a report on Tuesday, November 1st. One investment analyst has rated the stock with a sell rating, four have given a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of Moderate Buy and a consensus target price of $81.69.

Welltower Price Performance

Welltower stock opened at $69.35 on Monday. The stock has a market capitalization of $32.77 billion, a P/E ratio of 150.76, a P/E/G ratio of 4.37 and a beta of 0.97. The company’s fifty day moving average price is $63.91 and its 200 day moving average price is $75.94. The company has a debt-to-equity ratio of 0.75, a quick ratio of 2.11 and a current ratio of 2.11. Welltower has a 1 year low of $56.50 and a 1 year high of $99.43.

Welltower Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 30th. Stockholders of record on Friday, November 18th will be paid a $0.61 dividend. This represents a $2.44 annualized dividend and a dividend yield of 3.52%. The ex-dividend date is Thursday, November 17th. Welltower’s dividend payout ratio (DPR) is presently 530.45%.

Institutional Trading of Welltower

Hedge funds and other institutional investors have recently modified their holdings of the business. Stonehage Fleming Financial Services Holdings Ltd acquired a new position in Welltower in the second quarter valued at about $27,000. Covestor Ltd raised its stake in shares of Welltower by 97.4% in the 1st quarter. Covestor Ltd now owns 298 shares of the real estate investment trust’s stock valued at $29,000 after acquiring an additional 147 shares during the period. Householder Group Estate & Retirement Specialist LLC acquired a new position in shares of Welltower in the 3rd quarter worth approximately $32,000. Investors Asset Management of Georgia Inc. GA ADV purchased a new position in shares of Welltower during the 2nd quarter worth approximately $36,000. Finally, HM Payson & Co. boosted its position in shares of Welltower by 200.0% during the 3rd quarter. HM Payson & Co. now owns 600 shares of the real estate investment trust’s stock worth $39,000 after purchasing an additional 400 shares during the period. 97.68% of the stock is owned by institutional investors and hedge funds.

About Welltower

(Get Rating)

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.

Read More

The Fly logo

Analyst Recommendations for Welltower (NYSE:WELL)

Receive News & Ratings for Welltower Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Welltower and related companies with MarketBeat.com's FREE daily email newsletter.