Scotiabank Analysts Give Welltower (NYSE:WELL) a $80.00 Price Target

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Scotiabank set a $80.00 target price on Welltower (NYSE:WELL) in a research report released on Friday morning, Stock Target Advisor reports. The brokerage currently has a hold rating on the real estate investment trust’s stock.

Several other equities research analysts have also commented on the stock. Morgan Stanley upped their price target on shares of Welltower from $77.00 to $83.00 and gave the company an overweight rating in a report on Thursday, March 28th. Royal Bank of Canada upped their price target on shares of Welltower to $76.00 and gave the company a sector perform rating in a report on Thursday, February 21st. Deutsche Bank upped their price target on shares of Welltower from $61.00 to $71.00 and gave the company a hold rating in a report on Friday, March 29th. Citigroup upped their price target on shares of Welltower from $71.00 to $75.00 and gave the company a neutral rating in a report on Thursday, February 14th. Finally, Raymond James upped their price target on shares of Welltower from $75.00 to $78.00 and gave the company an outperform rating in a report on Tuesday, February 26th. They noted that the move was a valuation call. Eight research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Welltower presently has a consensus rating of Buy and an average target price of $74.02.

Shares of WELL opened at $82.28 on Friday. The firm has a market cap of $33.32 billion, a PE ratio of 20.42, a P/E/G ratio of 4.04 and a beta of 0.30. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.84 and a current ratio of 1.84. Welltower has a 1-year low of $56.60 and a 1-year high of $83.87.

Welltower (NYSE:WELL) last announced its quarterly earnings data on Tuesday, April 30th. The real estate investment trust reported $1.02 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.02. The firm had revenue of $1.27 billion for the quarter, compared to analyst estimates of $1.24 billion. Welltower had a net margin of 13.06% and a return on equity of 4.97%. The business’s quarterly revenue was up 16.0% compared to the same quarter last year. During the same period in the previous year, the company earned $0.99 earnings per share. Sell-side analysts anticipate that Welltower will post 4.2 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, May 28th. Shareholders of record on Tuesday, May 14th were given a $0.87 dividend. The ex-dividend date was Monday, May 13th. This represents a $3.48 dividend on an annualized basis and a dividend yield of 4.23%. Welltower’s dividend payout ratio (DPR) is currently 86.35%.

In other Welltower news, CEO Thomas J. Derosa sold 19,307 shares of the company’s stock in a transaction dated Tuesday, May 14th. The shares were sold at an average price of $77.90, for a total value of $1,504,015.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.15% of the company’s stock.

Several institutional investors have recently modified their holdings of WELL. Vanguard Group Inc acquired a new position in shares of Welltower during the 3rd quarter worth about $3,075,144,000. BlackRock Inc. raised its position in shares of Welltower by 3.7% during the 1st quarter. BlackRock Inc. now owns 39,917,986 shares of the real estate investment trust’s stock worth $3,097,636,000 after purchasing an additional 1,414,802 shares during the last quarter. Cohen & Steers Inc. raised its position in shares of Welltower by 9.6% during the 4th quarter. Cohen & Steers Inc. now owns 24,865,579 shares of the real estate investment trust’s stock worth $1,725,920,000 after purchasing an additional 2,173,416 shares during the last quarter. FMR LLC raised its position in shares of Welltower by 4.1% during the 1st quarter. FMR LLC now owns 9,139,695 shares of the real estate investment trust’s stock worth $709,239,000 after purchasing an additional 363,724 shares during the last quarter. Finally, Principal Financial Group Inc. raised its position in shares of Welltower by 13.4% during the 1st quarter. Principal Financial Group Inc. now owns 8,719,318 shares of the real estate investment trust’s stock worth $676,620,000 after purchasing an additional 1,032,562 shares during the last quarter. Institutional investors and hedge funds own 87.07% of the company’s stock.

Welltower Company Profile

Welltower Inc (NYSE:WELL), 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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Analyst Recommendations for Welltower (NYSE:WELL)

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