Brokerages Set Welltower Inc. (NYSE:WELL) Price Target at $246.11

Shares of Welltower Inc. (NYSE:WELL) have been given an average rating of “Moderate Buy” by the sixteen brokerages that are currently covering the company, MarketBeat.com reports. Two analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $246.3889.

WELL has been the topic of several recent analyst reports. Barclays increased their target price on shares of Welltower from $254.00 to $259.00 and gave the stock an “equal weight” rating in a research note on Monday. Evercore reaffirmed an “outperform” rating and issued a $260.00 price target on shares of Welltower in a report on Thursday, July 30th. BMO Capital Markets reiterated an “outperform” rating and set a $245.00 price target on shares of Welltower in a research report on Monday, May 4th. KeyCorp upped their target price on Welltower from $240.00 to $275.00 and gave the stock an “overweight” rating in a research note on Tuesday, August 4th. Finally, Wells Fargo & Company increased their target price on Welltower from $228.00 to $237.00 and gave the company an “overweight” rating in a research report on Monday, June 1st.

Welltower Stock Performance

WELL opened at $237.51 on Monday. The firm has a fifty day moving average price of $235.54 and a 200 day moving average price of $217.73. Welltower has a 1 year low of $163.75 and a 1 year high of $255.20. The stock has a market cap of $171.18 billion, a P/E ratio of 108.95, a P/E/G ratio of 1.14 and a beta of 0.76. The company has a debt-to-equity ratio of 0.37, a current ratio of 3.16 and a quick ratio of 3.16.

Welltower (NYSE:WELL) last released its quarterly earnings results on Monday, July 27th. The real estate investment trust reported $0.61 EPS for the quarter, missing the consensus estimate of $0.66 by ($0.05). Welltower had a net margin of 12.15% and a return on equity of 3.56%. The firm had revenue of $3.54 billion for the quarter, compared to analyst estimates of $3.40 billion. During the same quarter in the prior year, the business posted $1.28 EPS. The firm’s quarterly revenue was up 39.1% compared to the same quarter last year. Welltower has set its FY 2026 guidance at 6.360-6.440 EPS. Equities research analysts anticipate that Welltower will post 6.43 earnings per share for the current year.

Welltower Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, August 20th. Shareholders of record on Wednesday, August 12th were issued a dividend of $0.85 per share. The ex-dividend date of this dividend was Wednesday, August 12th. This is an increase from Welltower’s previous quarterly dividend of $0.74. This represents a $3.40 dividend on an annualized basis and a dividend yield of 1.4%. Welltower’s payout ratio is currently 155.96%.

Insider Activity

In other news, Director Andrew Gundlach purchased 5,000 shares of the stock in a transaction dated Tuesday, August 25th. The shares were purchased at an average cost of $239.47 per share, with a total value of $1,197,350.00. Following the completion of the purchase, the director directly owned 25,000 shares of the company’s stock, valued at approximately $5,986,750. The trade was a 25.00% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. 0.37% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. California State Teachers Retirement System raised its position in shares of Welltower by 23,475.4% in the second quarter. California State Teachers Retirement System now owns 244,081,495 shares of the real estate investment trust’s stock valued at $55,399,177,000 after buying an additional 243,046,172 shares during the last quarter. Vanguard Group Inc. raised its holdings in Welltower by 2.9% in the 4th quarter. Vanguard Group Inc. now owns 92,421,471 shares of the real estate investment trust’s stock valued at $17,154,349,000 after acquiring an additional 2,643,088 shares during the last quarter. BlackRock Inc. raised its holdings in Welltower by 5.5% in the 2nd quarter. BlackRock Inc. now owns 78,049,214 shares of the real estate investment trust’s stock valued at $17,714,830,000 after acquiring an additional 4,045,458 shares during the last quarter. Capital International Investors lifted its stake in Welltower by 2.0% in the 4th quarter. Capital International Investors now owns 47,431,769 shares of the real estate investment trust’s stock worth $8,805,411,000 after purchasing an additional 915,514 shares in the last quarter. Finally, State Street Corp lifted its stake in Welltower by 1.2% in the 4th quarter. State Street Corp now owns 41,760,328 shares of the real estate investment trust’s stock worth $7,751,134,000 after purchasing an additional 506,374 shares in the last quarter. 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.