Welltower (NYSE:WELL) Stock Price Expected to Rise, Evercore ISI Analyst Says

Welltower (NYSE:WELL) had its price objective hoisted by Evercore ISI from $145.00 to $157.00 in a report issued on Thursday morning,Benzinga reports. Evercore ISI currently has an in-line rating on the real estate investment trust’s stock.

WELL has been the topic of a number of other reports. Wells Fargo & Company reiterated an “equal weight” rating on shares of Welltower in a report on Thursday, April 17th. Jefferies Financial Group upgraded Welltower from a “hold” rating to a “buy” rating and boosted their target price for the stock from $132.00 to $147.00 in a research report on Thursday, January 2nd. Wedbush reaffirmed an “underperform” rating on shares of Welltower in a research note on Thursday, April 17th. StockNews.com downgraded Welltower from a “hold” rating to a “sell” rating in a research report on Wednesday. Finally, Scotiabank boosted their price target on shares of Welltower from $165.00 to $166.00 and gave the stock a “sector outperform” rating in a research report on Thursday, March 6th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating, eight have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $157.46.

Welltower Stock Performance

NYSE WELL opened at $150.39 on Thursday. The company has a quick ratio of 4.22, a current ratio of 4.22 and a debt-to-equity ratio of 0.48. Welltower has a twelve month low of $93.72 and a twelve month high of $158.55. The business has a 50-day moving average price of $148.09 and a 200-day moving average price of $138.93. The firm has a market cap of $97.98 billion, a price-to-earnings ratio of 96.40, a price-to-earnings-growth ratio of 2.87 and a beta of 0.93.

Welltower (NYSE:WELL) last posted its quarterly earnings results on Monday, April 28th. The real estate investment trust reported $1.20 earnings per share for the quarter, topping the consensus estimate of $1.15 by $0.05. The business had revenue of $2.42 billion during the quarter, compared to the consensus estimate of $2.40 billion. Welltower had a return on equity of 3.15% and a net margin of 11.91%. The firm’s revenue for the quarter was up 30.3% compared to the same quarter last year. During the same period in the prior year, the company posted $1.01 EPS. As a group, equities research analysts predict that Welltower will post 4.88 EPS for the current fiscal year.

Welltower Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 22nd. Stockholders of record on Wednesday, May 14th will be given a dividend of $0.67 per share. The ex-dividend date is Wednesday, May 14th. This represents a $2.68 annualized dividend and a dividend yield of 1.78%. Welltower’s dividend payout ratio (DPR) is 171.79%.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Laurel Wealth Advisors LLC purchased a new position in shares of Welltower during the fourth quarter worth approximately $25,000. Roxbury Financial LLC bought a new stake in Welltower during the 4th quarter valued at $26,000. Sierra Ocean LLC purchased a new stake in shares of Welltower in the 4th quarter worth $28,000. Harbor Capital Advisors Inc. bought a new position in shares of Welltower during the 1st quarter worth $28,000. Finally, Smallwood Wealth Investment Management LLC purchased a new position in shares of Welltower during the first quarter valued at $28,000. 94.80% of the stock is currently owned by institutional investors.

About Welltower

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.