Welltower Target of Unusually High Options Trading (NYSE:WELL)

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Welltower Inc (NYSE:WELL) was the recipient of unusually large options trading on Tuesday. Traders purchased 16,134 call options on the stock. This is an increase of approximately 4,645% compared to the average volume of 340 call options.

Several equities analysts recently issued reports on WELL shares. Scotiabank set a $80.00 target price on Welltower and gave the stock a “hold” rating in a research note on Friday, June 14th. BMO Capital Markets reissued a “buy” rating and set a $86.00 target price on shares of Welltower in a research note on Monday, August 5th. Stifel Nicolaus increased their target price on Welltower from $78.00 to $87.00 and gave the stock a “buy” rating in a research note on Thursday, August 1st. Finally, Raymond James lowered Welltower from an “outperform” rating to a “market perform” rating and set a $82.27 target price on the stock. in a research note on Thursday, June 13th. They noted that the move was a valuation call. Six equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Welltower has a consensus rating of “Buy” and an average target price of $79.12.

A number of hedge funds have recently bought and sold shares of the business. BlackRock Inc. raised its position in Welltower by 3.2% in the 2nd quarter. BlackRock Inc. now owns 41,193,851 shares of the real estate investment trust’s stock valued at $3,358,533,000 after purchasing an additional 1,275,865 shares in the last quarter. FMR LLC raised its position in Welltower by 4.1% in the 1st quarter. FMR LLC now owns 9,139,695 shares of the real estate investment trust’s stock valued at $709,239,000 after purchasing an additional 363,724 shares in the last quarter. Principal Financial Group Inc. raised its position in Welltower by 13.4% in the 1st quarter. Principal Financial Group Inc. now owns 8,719,318 shares of the real estate investment trust’s stock valued at $676,620,000 after purchasing an additional 1,032,562 shares in the last quarter. Daiwa Securities Group Inc. raised its position in Welltower by 0.7% in the 2nd quarter. Daiwa Securities Group Inc. now owns 7,231,821 shares of the real estate investment trust’s stock valued at $589,611,000 after purchasing an additional 47,340 shares in the last quarter. Finally, Northern Trust Corp raised its position in Welltower by 9.4% in the 2nd quarter. Northern Trust Corp now owns 6,977,088 shares of the real estate investment trust’s stock valued at $568,842,000 after purchasing an additional 596,955 shares in the last quarter. 87.04% of the stock is currently owned by institutional investors.

WELL stock opened at $87.85 on Wednesday. The company has a quick ratio of 1.73, a current ratio of 1.73 and a debt-to-equity ratio of 0.95. The firm has a market cap of $35.78 billion, a price-to-earnings ratio of 21.80, a P/E/G ratio of 4.58 and a beta of 0.29. The firm has a 50-day moving average of $84.41. Welltower has a 1 year low of $60.93 and a 1 year high of $88.87.

Welltower (NYSE:WELL) last posted its quarterly earnings results on Wednesday, July 31st. The real estate investment trust reported $0.34 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.04 by ($0.70). The company had revenue of $1.32 billion during the quarter, compared to analyst estimates of $1.30 billion. Welltower had a net margin of 11.98% and a return on equity of 4.62%. Welltower’s revenue for the quarter was up 17.2% on a year-over-year basis. During the same period in the prior year, the business earned $1.00 EPS. On average, equities analysts anticipate that Welltower will post 4.17 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, August 22nd. Shareholders of record on Thursday, August 15th will be given a $0.87 dividend. This represents a $3.48 dividend on an annualized basis and a yield of 3.96%. The ex-dividend date is Wednesday, August 14th. Welltower’s dividend payout ratio is currently 86.35%.

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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