Welltower (WELL) – Research Analysts’ Weekly Ratings Changes

Several brokerages have updated their recommendations and price targets on shares of Welltower (NYSE: WELL) in the last few weeks:

• 7/26/2024 – Welltower was downgraded by analysts at StockNews.com from a “hold” rating to a “sell” rating.
• 7/16/2024 – Welltower had its price target raised by analysts at Evercore ISI from $95.00 to $97.00. They now have an “in-line” rating on the stock.
• 7/11/2024 – Welltower had its price target raised by analysts at Morgan Stanley from $103.00 to $107.50. They now have an “overweight” rating on the stock.
• 7/10/2024 – Welltower was upgraded by analysts at StockNews.com from a “sell” rating to a “hold” rating.
• 7/2/2024 – Welltower had its price target raised by analysts at KeyCorp from $95.00 to $115.00. They now have an “overweight” rating on the stock.
• 6/30/2024 – Welltower was downgraded by analysts at StockNews.com from a “hold” rating to a “sell” rating.
• 6/22/2024 – Welltower was upgraded by analysts at StockNews.com from a “sell” rating to a “hold” rating.
• 6/14/2024 – Welltower was downgraded by analysts at StockNews.com from a “hold” rating to a “sell” rating.

Welltower Price Performance

Shares of Welltower stock traded up $0.61 during midday trading on Tuesday, reaching $112.26. The company had a trading volume of 3,992,162 shares, compared to its average volume of 2,680,883. The company has a current ratio of 3.83, a quick ratio of 3.83 and a debt-to-equity ratio of 0.50. The company has a market capitalization of $67.12 billion, a price-to-earnings ratio of 138.59, a price-to-earnings-growth ratio of 2.70 and a beta of 1.18. The stock has a fifty day simple moving average of $104.42 and a 200 day simple moving average of $96.50. Welltower Inc. has a 1-year low of $78.38 and a 1-year high of $115.33.

Welltower (NYSE:WELL) last released its earnings results on Monday, July 29th. The real estate investment trust reported $0.42 EPS for the quarter, topping analysts’ consensus estimates of $0.34 by $0.08. Welltower had a net margin of 6.37% and a return on equity of 1.77%. The firm had revenue of $1.82 billion during the quarter, compared to analyst estimates of $1.89 billion. During the same quarter in the previous year, the business earned $0.90 EPS. The business’s quarterly revenue was up 9.6% compared to the same quarter last year. As a group, equities research analysts forecast that Welltower Inc. will post 4.13 earnings per share for the current year.

Welltower Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, August 21st. Shareholders of record on Monday, August 12th will be issued a dividend of $0.67 per share. This represents a $2.68 dividend on an annualized basis and a yield of 2.39%. The ex-dividend date is Monday, August 12th. This is a positive change from Welltower’s previous quarterly dividend of $0.61. Welltower’s payout ratio is currently 301.23%.

Insiders Place Their Bets

In other news, Director Kenneth J. Bacon sold 1,800 shares of the business’s stock in a transaction on Tuesday, June 4th. The shares were sold at an average price of $103.91, for a total value of $187,038.00. Following the completion of the transaction, the director now owns 14,579 shares of the company’s stock, valued at approximately $1,514,903.89. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.12% of the company’s stock.

Institutional Investors Weigh In On Welltower

Several institutional investors have recently added to or reduced their stakes in WELL. Norges Bank bought a new stake in Welltower in the 4th quarter valued at $2,453,039,000. Capital International Investors lifted its position in Welltower by 26.4% during the 1st quarter. Capital International Investors now owns 29,236,326 shares of the real estate investment trust’s stock worth $2,731,842,000 after buying an additional 6,104,064 shares in the last quarter. Vanguard Group Inc. lifted its position in Welltower by 6.4% during the 4th quarter. Vanguard Group Inc. now owns 85,930,671 shares of the real estate investment trust’s stock worth $7,748,369,000 after buying an additional 5,173,079 shares in the last quarter. Zimmer Partners LP bought a new stake in Welltower during the 1st quarter worth about $309,917,000. Finally, Centersquare Investment Management LLC lifted its position in Welltower by 19.0% during the 1st quarter. Centersquare Investment Management LLC now owns 5,329,248 shares of the real estate investment trust’s stock worth $507,771,000 after buying an additional 849,898 shares in the last quarter. 94.80% of the stock is owned by institutional investors.

Welltower Inc (NYSE:WELL), a 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 and infrastructure needed to scale innovative care delivery models and improve people's wellness and overall health care experience.