Welltower (NYSE:WELL) Price Target Raised to $155.00 at Raymond James

Welltower (NYSE:WELL) had its target price lifted by Raymond James from $145.00 to $155.00 in a report published on Monday morning,Benzinga reports. Raymond James currently has a strong-buy rating on the real estate investment trust’s stock.

Other equities research analysts also recently issued research reports about the company. Mizuho raised their price target on Welltower from $136.00 to $141.00 and gave the company an “outperform” rating in a research report on Thursday, December 5th. StockNews.com upgraded Welltower from a “sell” rating to a “hold” rating in a research report on Wednesday, October 30th. Deutsche Bank Aktiengesellschaft upped their target price on Welltower from $115.00 to $137.00 and gave the stock a “buy” rating in a research note on Wednesday, August 21st. Evercore ISI lifted their price target on shares of Welltower from $106.00 to $114.00 and gave the stock an “in-line” rating in a research note on Monday, September 16th. Finally, Wells Fargo & Company reaffirmed an “equal weight” rating and issued a $135.00 price objective (up previously from $134.00) on shares of Welltower in a research note on Tuesday, October 1st. Five analysts have rated the stock with a hold rating, seven have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, Welltower presently has an average rating of “Moderate Buy” and a consensus price target of $123.63.

Welltower Stock Down 0.3 %

WELL stock opened at $128.70 on Monday. Welltower has a 1-year low of $85.40 and a 1-year high of $140.75. The stock has a market cap of $80.14 billion, a price-to-earnings ratio of 84.67, a price-to-earnings-growth ratio of 2.88 and a beta of 1.20. The company has a current ratio of 4.10, a quick ratio of 4.10 and a debt-to-equity ratio of 0.51. The company’s 50 day moving average is $133.04 and its 200 day moving average is $120.78.

Welltower (NYSE:WELL) last issued its quarterly earnings results on Monday, October 28th. The real estate investment trust reported $0.73 EPS for the quarter, missing analysts’ consensus estimates of $1.04 by ($0.31). Welltower had a return on equity of 3.20% and a net margin of 12.22%. The company had revenue of $2.06 billion during the quarter, compared to the consensus estimate of $1.95 billion. During the same period in the previous year, the company earned $0.92 EPS. Welltower’s quarterly revenue was up 23.7% on a year-over-year basis. Sell-side analysts predict that Welltower will post 4.3 EPS for the current fiscal year.

Welltower Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, November 21st. Shareholders of record on Wednesday, November 13th were given a $0.67 dividend. This represents a $2.68 dividend on an annualized basis and a dividend yield of 2.08%. The ex-dividend date was Wednesday, November 13th. Welltower’s payout ratio is 176.32%.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. First Foundation Advisors purchased a new position in shares of Welltower during the second quarter valued at approximately $26,000. Meeder Asset Management Inc. bought a new stake in Welltower during the 2nd quarter valued at approximately $30,000. Centerpoint Advisors LLC bought a new stake in Welltower during the 2nd quarter valued at approximately $31,000. Fortitude Family Office LLC grew its holdings in shares of Welltower by 37.0% during the 3rd quarter. Fortitude Family Office LLC now owns 289 shares of the real estate investment trust’s stock worth $37,000 after acquiring an additional 78 shares during the period. Finally, Ashton Thomas Securities LLC bought a new position in shares of Welltower in the 3rd quarter worth approximately $50,000. Hedge funds and other institutional investors own 94.80% of the company’s stock.

About Welltower

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.