Welltower (WELL) Raised to Buy at ValuEngine

ValuEngine upgraded shares of Welltower (NYSE:WELL) from a hold rating to a buy rating in a research report released on Wednesday.

Several other equities research analysts have also recently commented on the company. Barclays started coverage on Welltower in a research note on Tuesday, September 25th. They set an overweight rating for the company. MED upped their price target on Welltower to $72.00 and gave the stock an overweight rating in a research note on Wednesday, October 31st. Goldman Sachs Group started coverage on Welltower in a research note on Monday, August 6th. They set a neutral rating and a $59.00 price target for the company. BMO Capital Markets restated a hold rating and set a $58.00 price target on shares of Welltower in a research note on Monday, July 30th. Finally, SunTrust Banks set a $64.00 price target on Welltower and gave the stock a hold rating in a research note on Monday, July 30th. Ten investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Welltower presently has an average rating of Hold and an average target price of $64.21.

Shares of NYSE WELL opened at $69.79 on Wednesday. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.54 and a quick ratio of 1.54. Welltower has a twelve month low of $49.58 and a twelve month high of $71.27. The company has a market capitalization of $26.11 billion, a price-to-earnings ratio of 16.58, a PEG ratio of 2.91 and a beta of 0.17.

Welltower (NYSE:WELL) last issued its quarterly earnings data on Tuesday, October 30th. The real estate investment trust reported $0.17 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.02 by ($0.85). Welltower had a net margin of 12.99% and a return on equity of 4.86%. The firm had revenue of $1.24 billion during the quarter, compared to analysts’ expectations of $1.16 billion. During the same quarter in the prior year, the firm posted $1.08 EPS. Welltower’s quarterly revenue was up 13.3% compared to the same quarter last year. As a group, sell-side analysts anticipate that Welltower will post 4.05 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 21st. Shareholders of record on Monday, November 12th were given a $0.87 dividend. This represents a $3.48 annualized dividend and a yield of 4.99%. The ex-dividend date was Friday, November 9th. Welltower’s payout ratio is 82.66%.

A number of large investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. purchased a new position in Welltower in the third quarter worth $3,075,144,000. WealthPLAN Partners LLC purchased a new position in Welltower in the third quarter worth $445,000. Morgan Stanley purchased a new position in Welltower in the third quarter worth $251,445,000. Legal & General Group Plc purchased a new position in Welltower in the third quarter worth $185,982,000. Finally, Reynders McVeigh Capital Management LLC purchased a new position in Welltower in the third quarter worth $541,000. Hedge funds and other institutional investors own 84.92% of the company’s stock.

About Welltower

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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To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Welltower (NYSE:WELL)

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