According to Bloomberg, the average stock rating of the seventeen brokerages that now cover Welltower Inc. (NYSE: WELL) is “Moderate Buy.” In addition, the stock was recommended buy by eleven analysts, held by three and recommended sell by one. The 1-year average target price set by brokers who covered the stock last year is $81.69.
Several brokerages have recently published reports on WELL. In a research note released Monday, Oct. 10, KeyCorp lowered its “overweight” rating and price target for Welltower shares from $95.00 to $80.00. In a research note released on Tuesday, Morgan Stanley raised its “overweight” rating on Welltower and simultaneously raised its price target for the stock from $72 to $74. In a research report released Friday, September 16, Deutsche Bank Aktiengesellschaft reiterated its “buy” rating and $93.00 price target for Welltower shares. Sumitomo Mitsui Financial Group downgraded Welltower shares from an “outperform” rating to a “neutral” rating and set a target price of $84.00 for the company in a Thursday, Aug. 11 research report. StockNews.com officially began covering Welltower shares on October 12. They noted that the title was “sold”.
WELL, shares started trading Friday at $66.72. Welltower prices have a 12-month high and low of $99.43 and $56.50, respectively. The stock has a market value of $31.53 billion, a PE ratio of 145.05, a PEG of 4.43 and a beta of 0.97. The company’s debt ratio is 0.75, the quick ratio is 2.11 and the current ratio is 2.11. The stock’s fifty-day moving average price is $64.53 and the 200-day moving average price is $76.63.
Additionally, the company announced a quarterly dividend to be paid on November 30. According to the company, shareholders who turn in their filings by Friday, November 18 will receive a dividend of $0.61. The ex-dividend date is Thursday, November 17. An annual dividend value of $2.44 provides a yield of 3.66%. Welltower’s payout percentage is 530.45%.
Institutional investors and hedge funds have recently changed their holdings of WELL shares.
Shell Asset Management Co. increased its stake in Welltower shares by 5.3% in the first quarter. Shell Asset Management Co. now owns 29,812 real estate investment trust shares, valued at $2,866,000, after acquiring 1,489 more in the past three months. The Kentucky Retirement Systems Insurance Trust Fund increased its stake in Welltower by 11.0% during the first quarter. The Kentucky Retirement Systems Insurance Trust Fund now owns 12,848 shares of the real estate investment trust, valued at $1,235,000, after acquiring 1,270 additional shares in the last quarter. Prudential PLC increased its stake in Welltower by 93.1% during the first quarter. Prudential PLC now owns 20,040 shares of the REIT, valued at $1,927,000, an increase of 9,661 over the three months. AGF Investments LLC paid approximately $960,000 for a new position at Welltower in the first quarter. Not to mention that Los Angeles Capital Management LLC increased its stake in Welltower by 50.4% during the second quarter. Los Angeles Capital Management LLC now owns 13,707 real estate investment trust shares for a total market value of $112,000 after acquiring 4,596 additional shares in the last quarter. Institutions currently hold 97.68% of the stock.
Welltower Inc., an S&P 500 company in Toledo, Ohio, is tasked with updating the healthcare system (NYSE: WELL). The company invests in the real estate infrastructure needed to develop cutting-edge care delivery models and improve patient well-being and experience in collaboration with leading operators of senior living facilities, post-care facilities acute and health systems.