Welltower (NYSE:WELL) Given New $165.00 Price Target at Scotiabank

Welltower (NYSE:WELL) had its price objective increased by Scotiabank from $144.00 to $165.00 in a research note issued to investors on Friday morning,Benzinga reports. The firm currently has a sector outperform rating on the real estate investment trust’s stock.

Other equities analysts also recently issued reports about the stock. Royal Bank of Canada upgraded shares of Welltower from a “sector perform” rating to an “outperform” rating and upped their target price for the stock from $146.00 to $168.00 in a research note on Friday. Wedbush raised shares of Welltower from a “neutral” rating to an “outperform” rating and upped their price target for the stock from $145.00 to $167.00 in a research report on Friday, February 14th. Raymond James upped their price target on shares of Welltower from $145.00 to $155.00 and gave the stock a “strong-buy” rating in a research report on Monday, December 16th. Jefferies Financial Group raised shares of Welltower from a “hold” rating to a “buy” rating and upped their price target for the stock from $132.00 to $147.00 in a research report on Thursday, January 2nd. Finally, Mizuho upped their price target on shares of Welltower from $136.00 to $141.00 and gave the stock an “outperform” rating in a research report on Thursday, December 5th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, ten have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, Welltower currently has a consensus rating of “Moderate Buy” and an average price target of $145.96.

Welltower Price Performance

Shares of WELL stock opened at $153.54 on Friday. The company has a debt-to-equity ratio of 0.48, a current ratio of 4.22 and a quick ratio of 4.22. The company has a market capitalization of $98.47 billion, a P/E ratio of 98.42, a P/E/G ratio of 2.87 and a beta of 1.23. The company’s 50-day simple moving average is $136.36 and its two-hundred day simple moving average is $131.38. Welltower has a one year low of $87.87 and a one year high of $153.90.

Welltower (NYSE:WELL) last issued its earnings results on Tuesday, February 11th. The real estate investment trust reported $1.13 EPS for the quarter, topping analysts’ consensus estimates of $0.40 by $0.73. Welltower had a net margin of 11.91% and a return on equity of 3.15%. As a group, equities analysts anticipate that Welltower will post 4.88 EPS for the current year.

Welltower Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 6th. Stockholders of record on Tuesday, February 25th will be paid a $0.67 dividend. The ex-dividend date of this dividend is Tuesday, February 25th. This represents a $2.68 dividend on an annualized basis and a dividend yield of 1.75%. Welltower’s payout ratio is currently 171.79%.

Institutional Trading of Welltower

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Roxbury Financial LLC acquired a new stake in Welltower during the fourth quarter valued at $26,000. Laurel Wealth Advisors LLC acquired a new stake in Welltower during the fourth quarter valued at $25,000. Sierra Ocean LLC acquired a new stake in Welltower during the fourth quarter valued at $28,000. Versant Capital Management Inc grew its position in Welltower by 165.5% during the fourth quarter. Versant Capital Management Inc now owns 300 shares of the real estate investment trust’s stock valued at $38,000 after buying an additional 187 shares during the period. Finally, Ashton Thomas Securities LLC acquired a new stake in Welltower during the third quarter valued at $50,000. Institutional investors and hedge funds own 94.80% of the company’s stock.

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.