Welltower Inc (NYSE:WELL) has received an average recommendation of “Hold” from the nineteen brokerages that are currently covering the firm, Marketbeat Ratings reports. Ten equities research analysts have rated the stock with a hold recommendation and eight have given a buy recommendation to the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $64.54.
A number of equities research analysts recently commented on WELL shares. ValuEngine raised Welltower from a “hold” rating to a “buy” rating in a report on Wednesday, October 31st. TheStreet upgraded Welltower from a “c+” rating to a “b” rating in a research report on Friday, July 13th. Barclays assumed coverage on Welltower in a research report on Tuesday, September 25th. They set an “overweight” rating for the company. Goldman Sachs Group assumed coverage on Welltower in a research report on Monday, August 6th. They set a “neutral” rating and a $59.00 price target for the company. Finally, MED lifted their price target on Welltower to $72.00 and gave the company an “overweight” rating in a research report on Wednesday, October 31st.
Several institutional investors have recently bought and sold shares of the company. PNC Financial Services Group Inc. purchased a new stake in shares of Welltower during the third quarter worth approximately $32,198,000. Girard Partners LTD. purchased a new stake in shares of Welltower during the third quarter worth approximately $231,000. Carmichael Hill & Associates Inc. purchased a new stake in shares of Welltower during the third quarter worth approximately $303,000. Sheaff Brock Investment Advisors LLC purchased a new stake in shares of Welltower during the third quarter worth approximately $484,000. Finally, Bank of New York Mellon Corp purchased a new stake in shares of Welltower during the third quarter worth approximately $405,367,000. Institutional investors and hedge funds own 84.98% of the company’s stock.
Welltower (NYSE:WELL) last released its earnings results on Tuesday, October 30th. The real estate investment trust reported $0.17 EPS for the quarter, missing the Zacks’ consensus estimate of $1.02 by ($0.85). Welltower had a return on equity of 4.86% and a net margin of 12.99%. The firm had revenue of $1.24 billion for the quarter, compared to analyst estimates of $1.16 billion. During the same period last year, the firm earned $1.08 EPS. The company’s revenue for the quarter was up 13.3% compared to the same quarter last year. On average, sell-side analysts predict that Welltower will post 4.05 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 21st. Investors of record on Monday, November 12th will be given a dividend of $0.87 per share. This represents a $3.48 annualized dividend and a yield of 5.03%. The ex-dividend date of this dividend is Friday, November 9th. Welltower’s dividend payout ratio is currently 82.66%.
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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