Welltower (WELL) Reaches New 52-Week High and Low at $49.58

Shares of Welltower (NYSE:WELL) hit a new 52-week high and low during trading on Wednesday . The company traded as low as $49.58 and last traded at $50.16, with a volume of 1660913 shares trading hands. The stock had previously closed at $51.02.

A number of brokerages have recently commented on WELL. BMO Capital Markets reissued a “sell” rating and set a $57.00 price target on shares of Welltower in a research note on Thursday, February 22nd. SunTrust Banks set a $58.00 price target on Welltower and gave the company a “hold” rating in a research note on Friday, February 23rd. Stifel Nicolaus reissued a “buy” rating and set a $60.00 price target (down from $74.00) on shares of Welltower in a research note on Friday, February 23rd. ValuEngine lowered Welltower from a “buy” rating to a “hold” rating in a research note on Tuesday, April 3rd. Finally, JPMorgan Chase reissued a “neutral” rating and set a $67.00 price target (down from $71.00) on shares of Welltower in a research note on Friday, March 16th. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating and four have issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $64.77.

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The company has a quick ratio of 1.85, a current ratio of 1.85 and a debt-to-equity ratio of 0.83. The company has a market capitalization of $18,836.21, a P/E ratio of 12.00, a P/E/G ratio of 2.18 and a beta of 0.20.

Welltower (NYSE:WELL) last posted its quarterly earnings data on Thursday, February 22nd. The real estate investment trust reported $1.02 EPS for the quarter, missing the Zacks’ consensus estimate of $1.04 by ($0.02). The company had revenue of $1.10 billion during the quarter, compared to analyst estimates of $1.09 billion. Welltower had a return on equity of 4.35% and a net margin of 12.13%. Welltower’s revenue was up 2.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.91 earnings per share. equities research analysts predict that Welltower will post 4.03 EPS for the current fiscal year.

In other Welltower news, Director Gary Whitelaw purchased 1,862 shares of the company’s stock in a transaction on Monday, February 26th. The shares were purchased at an average cost of $53.61 per share, with a total value of $99,821.82. Following the completion of the purchase, the director now owns 5,843 shares in the company, valued at $313,243.23. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Kenneth J. Bacon purchased 600 shares of the company’s stock in a transaction on Thursday, March 15th. The stock was acquired at an average cost of $53.63 per share, for a total transaction of $32,178.00. The disclosure for this purchase can be found here. 0.17% of the stock is owned by insiders.

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Welltower Company Profile

Welltower Inc (NYSE:HCN), an S&P 500 company headquartered in Toledo, Ohio, is driving the transformation of health care infrastructure. The company 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.

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