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

Welltower Inc. (NYSE:WELL)’s share price hit a new 52-week high on Wednesday . The company traded as high as $247.45 and last traded at $246.5860, with a volume of 2550233 shares changing hands. The stock had previously closed at $244.84.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the company. Wells Fargo & Company upped their price objective on Welltower from $228.00 to $237.00 and gave the stock an “overweight” rating in a report on Monday, June 1st. Citigroup boosted their target price on Welltower from $245.00 to $255.00 and gave the stock a “buy” rating in a research report on Tuesday, May 5th. Barclays began coverage on Welltower in a research note on Tuesday, July 7th. They set an “equal weight” rating and a $254.00 price target on the stock. Weiss Ratings cut Welltower from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, June 24th. Finally, BMO Capital Markets reiterated an “outperform” rating and issued a $245.00 price objective on shares of Welltower in a research report on Monday, May 4th. Thirteen analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, Welltower currently has an average rating of “Moderate Buy” and an average target price of $234.72.

Welltower Price Performance

The firm has a market capitalization of $174.07 billion, a price-to-earnings ratio of 122.07, a price-to-earnings-growth ratio of 1.20 and a beta of 0.77. 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’s fifty day moving average is $219.89 and its two-hundred day moving average is $207.69.

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

Welltower Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 21st. Investors 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 1.2%. Welltower’s payout ratio is 146.53%.

Hedge Funds Weigh In On Welltower

Hedge funds have recently added to or reduced their stakes in the stock. Leonteq Securities AG boosted its holdings in Welltower by 92.3% during the first quarter. Leonteq Securities AG now owns 125 shares of the real estate investment trust’s stock worth $25,000 after buying an additional 60 shares during the last quarter. Sound Income Strategies LLC increased its stake 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 valued at $27,000 after acquiring an additional 76 shares during the last quarter. Marquette Asset Management LLC increased its stake in shares of Welltower by 62.8% in the 4th 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 stake in shares of Welltower in the 4th quarter valued at approximately $29,000. Finally, Quarry LP bought a new position in Welltower during the 3rd quarter worth approximately $33,000. Institutional investors and hedge funds 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.