Welltower Inc. (NYSE:WELL) Given Average Recommendation of “Moderate Buy” by Brokerages

Shares of Welltower Inc. (NYSE:WELL) have earned a consensus rating of “Moderate Buy” from the ten research firms that are presently covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation, seven have given a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $175.00.

Several brokerages have recently commented on WELL. Evercore ISI raised their price objective on shares of Welltower from $162.00 to $175.00 and gave the company an “in-line” rating in a research report on Wednesday, July 30th. Raymond James Financial restated a “strong-buy” rating on shares of Welltower in a research report on Tuesday, September 2nd. Wells Fargo & Company raised their price objective on shares of Welltower from $175.00 to $185.00 and gave the company an “overweight” rating in a research report on Wednesday, August 27th. Finally, Scotiabank raised their price objective on shares of Welltower from $172.00 to $181.00 and gave the company an “outperform” rating in a research report on Thursday, August 28th.

Insider Transactions at Welltower

In related news, Director Andrew Gundlach purchased 20,000 shares of Welltower stock in a transaction on Monday, June 30th. The shares were bought at an average cost of $151.46 per share, for a total transaction of $3,029,200.00. Following the acquisition, the director owned 20,000 shares in the company, valued at approximately $3,029,200. The trade was a ∞ increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.21% of the company’s stock.

Hedge Funds Weigh In On Welltower

Institutional investors and hedge funds have recently made changes to their positions in the business. SouthState Corp grew its stake in shares of Welltower by 704.8% in the 1st quarter. SouthState Corp now owns 169 shares of the real estate investment trust’s stock worth $26,000 after buying an additional 148 shares in the last quarter. Wealth Preservation Advisors LLC purchased a new position in shares of Welltower in the 1st quarter worth $27,000. Harbor Capital Advisors Inc. purchased a new position in shares of Welltower during the 1st quarter worth about $28,000. Smallwood Wealth Investment Management LLC purchased a new position in shares of Welltower during the 1st quarter worth about $28,000. Finally, Hughes Financial Services LLC purchased a new position in shares of Welltower during the 1st quarter worth about $31,000. 94.80% of the stock is owned by hedge funds and other institutional investors.

Welltower Trading Up 0.4%

Shares of NYSE WELL opened at $169.09 on Monday. The firm’s 50 day moving average price is $163.79 and its 200-day moving average price is $154.47. The company has a market cap of $113.09 billion, a PE ratio of 95.53, a P/E/G ratio of 1.90 and a beta of 0.93. Welltower has a 52-week low of $122.34 and a 52-week high of $171.09. The company has a debt-to-equity ratio of 0.44, a quick ratio of 4.19 and a current ratio of 4.19.

Welltower (NYSE:WELL) last issued its quarterly earnings data on Monday, July 28th. The real estate investment trust reported $1.28 earnings per share for the quarter, beating analysts’ consensus estimates of $1.22 by $0.06. The company had revenue of $2.55 billion for the quarter, compared to the consensus estimate of $2.49 billion. Welltower had a net margin of 12.18% and a return on equity of 3.38%. The firm’s revenue for the quarter was up 39.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.05 earnings per share. Welltower has set its FY 2025 guidance at 5.060-5.14 EPS. On average, equities research analysts expect that Welltower will post 4.88 EPS for the current fiscal year.

Welltower Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, August 21st. Shareholders of record on Tuesday, August 12th were issued a $0.74 dividend. The ex-dividend date was Tuesday, August 12th. This represents a $2.96 dividend on an annualized basis and a yield of 1.8%. This is an increase from Welltower’s previous quarterly dividend of $0.67. Welltower’s payout ratio is presently 167.23%.

Welltower 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.