Welltower (NYSE:WELL) Hits New 1-Year High – Here’s What Happened

Welltower Inc. (NYSE:WELL)’s stock price hit a new 52-week high during trading on Monday . The company traded as high as $236.06 and last traded at $235.4450, with a volume of 4128780 shares changing hands. The stock had previously closed at $236.06.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on WELL. BMO Capital Markets reiterated an “outperform” rating and set a $245.00 target price on shares of Welltower in a research report on Monday, May 4th. UBS Group raised their price target on Welltower from $240.00 to $249.00 and gave the company a “buy” rating in a report on Monday, May 4th. Weiss Ratings lowered Welltower from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, June 24th. Citigroup increased their price objective on Welltower from $245.00 to $255.00 and gave the stock a “buy” rating in a research report on Tuesday, May 5th. Finally, Raymond James Financial assumed coverage on Welltower in a report on Tuesday, June 16th. They issued an “outperform” rating and a $226.00 target price for the company. Thirteen investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $232.29.

Welltower Stock Performance

The stock’s fifty day simple moving average is $214.18 and its 200-day simple moving average is $203.50. The company has a quick ratio of 4.31, a current ratio of 4.31 and a debt-to-equity ratio of 0.40. The company has a market capitalization of $165.40 billion, a PE ratio of 116.06, a PEG ratio of 1.22 and a beta of 0.77.

Welltower (NYSE:WELL) last released its quarterly earnings data on Tuesday, April 28th. The real estate investment trust reported $1.02 earnings per share for the quarter, beating the consensus estimate of $0.68 by $0.34. Welltower had a return on equity of 3.45% and a net margin of 11.96%.The firm had revenue of $3.35 billion during the quarter, compared to the consensus estimate of $3.12 billion. During the same period last year, the business posted $1.20 EPS. Welltower’s quarterly revenue was up 38.3% on a year-over-year basis. Welltower has set its FY 2026 guidance at 6.210-6.350 EPS. On average, research analysts predict that Welltower Inc. will post 6.32 earnings per share for the current fiscal year.

Welltower Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 21st. Stockholders of record on Wednesday, May 13th were paid a dividend of $0.74 per share. The ex-dividend date of this dividend was Wednesday, May 13th. This represents a $2.96 dividend on an annualized basis and a dividend yield of 1.3%. Welltower’s dividend payout ratio is currently 146.53%.

Hedge Funds Weigh In On Welltower

Large investors have recently bought and sold shares of the stock. Leonteq Securities AG grew its stake in shares of Welltower by 92.3% during the 1st quarter. Leonteq Securities AG now owns 125 shares of the real estate investment trust’s stock valued at $25,000 after buying an additional 60 shares during the period. Sound Income Strategies LLC raised its position in shares of Welltower by 124.6% in the 1st quarter. Sound Income Strategies LLC now owns 137 shares of the real estate investment trust’s stock worth $27,000 after buying an additional 76 shares during the period. Marquette Asset Management LLC boosted its holdings in Welltower by 62.8% in the fourth quarter. Marquette Asset Management LLC now owns 153 shares of the real estate investment trust’s stock valued at $28,000 after acquiring an additional 59 shares during the last quarter. Swiss RE Ltd. acquired a new position in Welltower in the fourth quarter valued at $29,000. Finally, Quarry LP purchased a new stake in Welltower during the third quarter valued at about $33,000. Hedge funds and other institutional investors own 94.80% of the company’s stock.

About Welltower

Welltower Inc (NYSE: WELL) is a real estate investment trust (REIT) that acquires and manages real estate serving the health care industry. The company specializes in healthcare infrastructure, owning and operating a diversified portfolio of senior housing, post-acute and long-term care communities, and outpatient medical properties. Welltower’s assets are designed to support the delivery of health care services through a combination of leased properties, joint ventures, and other capital arrangements with health care operators and providers.

The company’s property types include assisted living, memory care, independent living and skilled nursing facilities, as well as medical office buildings and other outpatient-care real estate such as ambulatory surgery centers and specialty clinics.