Welltower (NYSE:WELL) Given New $115.00 Price Target at KeyCorp

Welltower (NYSE:WELL) had its price objective hoisted by KeyCorp from $95.00 to $115.00 in a research note released on Tuesday morning, Benzinga reports. KeyCorp currently has an overweight rating on the real estate investment trust’s stock.

A number of other equities research analysts have also issued reports on the company. Wells Fargo & Company upped their target price on Welltower from $107.00 to $111.00 and gave the company an overweight rating in a research note on Thursday, May 30th. StockNews.com lowered shares of Welltower from a hold rating to a sell rating in a research report on Sunday, June 30th. Scotiabank lifted their target price on shares of Welltower from $96.00 to $108.00 and gave the stock a sector outperform rating in a research note on Thursday, May 16th. Mizuho upped their target price on Welltower from $98.00 to $105.00 and gave the company a buy rating in a research note on Wednesday, May 8th. Finally, BNP Paribas began coverage on shares of Welltower in a research report on Monday, March 18th. They issued an outperform rating and a $104.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of Moderate Buy and an average price target of $99.50.

Welltower Stock Performance

NYSE:WELL opened at $105.35 on Tuesday. The firm’s fifty day simple moving average is $101.12 and its 200-day simple moving average is $94.32. The company has a quick ratio of 3.83, a current ratio of 3.83 and a debt-to-equity ratio of 0.50. The stock has a market cap of $62.99 billion, a PE ratio of 130.06, a price-to-earnings-growth ratio of 2.61 and a beta of 1.18. Welltower has a fifty-two week low of $77.90 and a fifty-two week high of $106.23.

Welltower (NYSE:WELL) last issued its quarterly earnings data on Monday, April 29th. The real estate investment trust reported $0.22 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.94 by ($0.72). Welltower had a return on equity of 1.77% and a net margin of 6.37%. The firm had revenue of $1.86 billion for the quarter, compared to analyst estimates of $1.81 billion. During the same period in the prior year, the firm posted $0.85 earnings per share. The business’s revenue for the quarter was up 19.2% compared to the same quarter last year. Analysts expect that Welltower will post 4.12 earnings per share for the current fiscal year.

Welltower Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, May 22nd. Stockholders of record on Monday, May 13th were paid a $0.61 dividend. This represents a $2.44 dividend on an annualized basis and a dividend yield of 2.32%. The ex-dividend date was Friday, May 10th. Welltower’s dividend payout ratio is presently 301.23%.

Insiders Place Their Bets

In related news, Director Kenneth J. Bacon sold 1,800 shares of Welltower stock in a transaction on Tuesday, June 4th. The shares were sold at an average price of $103.91, for a total transaction of $187,038.00. Following the sale, the director now owns 14,579 shares of the company’s stock, valued at approximately $1,514,903.89. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 0.12% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Welltower

A number of hedge funds have recently bought and sold shares of WELL. Bruce G. Allen Investments LLC acquired a new stake in shares of Welltower during the fourth quarter worth approximately $25,000. Rise Advisors LLC bought a new position in Welltower during the 1st quarter valued at $27,000. Manchester Capital Management LLC lifted its position in shares of Welltower by 338.7% during the first quarter. Manchester Capital Management LLC now owns 329 shares of the real estate investment trust’s stock worth $31,000 after purchasing an additional 254 shares during the last quarter. Scarborough Advisors LLC bought a new position in Welltower during the 4th quarter worth approximately $35,000. Finally, Financial Gravity Asset Management Inc. acquired a new position in shares of Welltower in the 3rd quarter worth approximately $38,000. Institutional investors and hedge funds own 94.80% of the company’s stock.

Welltower Company Profile

Welltower Inc (NYSE:WELL), a 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 and infrastructure needed to scale innovative care delivery models and improve people's wellness and overall health care experience.