Welltower Inc. (NYSE:WELL – Free Report) – Stock analysts at Zacks Research boosted their Q3 2023 EPS estimates for shares of Welltower in a note issued to investors on Thursday, September 21st. Zacks Research analyst N. Dass now expects that the real estate investment trust will earn $0.88 per share for the quarter, up from their prior forecast of $0.86. The consensus estimate for Welltower’s current full-year earnings is $3.55 per share. Zacks Research also issued estimates for Welltower’s Q3 2024 earnings at $0.96 EPS and Q2 2025 earnings at $1.04 EPS.
Other equities analysts also recently issued reports about the stock. Barclays increased their price objective on shares of Welltower from $82.00 to $92.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 2nd. Wells Fargo & Company raised their target price on shares of Welltower from $89.00 to $93.00 and gave the company an “overweight” rating in a research note on Monday, August 7th. Royal Bank of Canada raised their target price on shares of Welltower from $87.00 to $92.00 and gave the company an “outperform” rating in a research note on Tuesday, August 15th. Morgan Stanley raised their target price on shares of Welltower from $74.00 to $90.00 and gave the company an “overweight” rating in a research note on Thursday, September 7th. Finally, Mizuho raised their target price on shares of Welltower from $86.00 to $90.00 and gave the company a “buy” rating in a research note on Thursday, September 14th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Welltower presently has a consensus rating of “Moderate Buy” and a consensus target price of $85.67.
Welltower Trading Down 1.1 %
Welltower stock opened at $82.83 on Monday. The firm has a 50-day moving average of $82.68 and a 200-day moving average of $78.28. Welltower has a one year low of $56.50 and a one year high of $86.72. The company has a debt-to-equity ratio of 0.73, a current ratio of 3.12 and a quick ratio of 3.12. The company has a market cap of $42.97 billion, a price-to-earnings ratio of 360.13, a P/E/G ratio of 2.97 and a beta of 1.05.
Institutional Investors Weigh In On Welltower
Several hedge funds have recently bought and sold shares of the stock. Portside Wealth Group LLC acquired a new stake in Welltower during the second quarter worth approximately $337,000. Virginia Retirement Systems ET AL acquired a new stake in Welltower during the second quarter worth approximately $11,273,000. California State Teachers Retirement System lifted its position in Welltower by 3.1% during the second quarter. California State Teachers Retirement System now owns 805,085 shares of the real estate investment trust’s stock worth $65,123,000 after acquiring an additional 24,094 shares during the last quarter. Osaic Holdings Inc. lifted its position in Welltower by 1.6% during the second quarter. Osaic Holdings Inc. now owns 106,852 shares of the real estate investment trust’s stock worth $8,635,000 after acquiring an additional 1,642 shares during the last quarter. Finally, Orion Portfolio Solutions LLC lifted its position in Welltower by 128.4% during the second quarter. Orion Portfolio Solutions LLC now owns 11,173 shares of the real estate investment trust’s stock worth $904,000 after acquiring an additional 6,282 shares during the last quarter. 91.61% of the stock is currently owned by institutional investors and hedge funds.
Welltower Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, August 23rd. Shareholders of record on Tuesday, August 15th were given a dividend of $0.61 per share. The ex-dividend date of this dividend was Monday, August 14th. This represents a $2.44 annualized dividend and a yield of 2.95%. Welltower’s dividend payout ratio (DPR) is presently 1,060.87%.
Welltower Company Profile
Welltower Inc (NYSE:WELL), a real estate investment trust ("REIT") and S&P 500 company headquartered in Toledo, Ohio, is driving the transformation of health care infrastructure. Welltower 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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