Welltower (NYSE:WELL) Sets New 52-Week High – Here’s What Happened

Welltower Inc. (NYSE:WELL)’s share price hit a new 52-week high during trading on Tuesday . The company traded as high as $229.00 and last traded at $228.8650, with a volume of 517842 shares. The stock had previously closed at $227.73.

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. Wells Fargo & Company upped their price target on shares of Welltower from $228.00 to $237.00 and gave the company an “overweight” rating in a report on Monday, June 1st. Citigroup raised their price objective on shares of Welltower from $245.00 to $255.00 and gave the stock a “buy” rating in a research note on Tuesday, May 5th. Mizuho set a $239.00 price target on Welltower in a report on Friday, May 22nd. Deutsche Bank Aktiengesellschaft raised their price target on Welltower from $215.00 to $265.00 and gave the stock a “buy” rating in a research note on Wednesday. Finally, Weiss Ratings cut Welltower from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, June 24th. Thirteen analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $232.29.

Welltower Trading Up 1.4%

The stock’s 50-day moving average price is $212.87 and its 200 day moving average price is $202.83. The company has a debt-to-equity ratio of 0.40, a current ratio of 4.31 and a quick ratio of 4.31. The firm has a market capitalization of $162.52 billion, a PE ratio of 113.98, a price-to-earnings-growth ratio of 1.17 and a beta of 0.77.

Welltower (NYSE:WELL) last announced its quarterly earnings data on Tuesday, April 28th. The real estate investment trust reported $1.02 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.68 by $0.34. The company had revenue of $3.35 billion for the quarter, compared to analysts’ expectations of $3.12 billion. Welltower had a return on equity of 3.45% and a net margin of 11.96%.Welltower’s revenue was up 38.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.20 earnings per share. Welltower has set its FY 2026 guidance at 6.210-6.350 EPS. On average, sell-side analysts expect that Welltower Inc. will post 6.32 EPS for the current fiscal year.

Welltower Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, May 21st. Stockholders of record on Wednesday, May 13th were paid a dividend of $0.74 per share. The ex-dividend date was Wednesday, May 13th. This represents a $2.96 annualized dividend and a dividend yield of 1.3%. Welltower’s dividend payout ratio (DPR) is currently 146.53%.

Institutional Trading of Welltower

A number of hedge funds have recently added to or reduced their stakes in WELL. Benchmark Investment Advisors LLC bought a new position in Welltower in the third quarter worth about $901,000. AIA Group Ltd boosted its holdings in shares of Welltower by 53.8% in the 3rd quarter. AIA Group Ltd now owns 24,000 shares of the real estate investment trust’s stock valued at $4,275,000 after buying an additional 8,400 shares in the last quarter. Van ECK Associates Corp grew its position in shares of Welltower by 12.7% in the 3rd quarter. Van ECK Associates Corp now owns 359,093 shares of the real estate investment trust’s stock worth $63,969,000 after buying an additional 40,360 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its position in shares of Welltower by 30.2% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 195,052 shares of the real estate investment trust’s stock worth $36,214,000 after buying an additional 45,214 shares during the last quarter. Finally, Nordea Investment Management AB raised its stake in shares of Welltower by 11.8% during the 4th quarter. Nordea Investment Management AB now owns 1,930,894 shares of the real estate investment trust’s stock worth $358,915,000 after acquiring an additional 204,317 shares in the last quarter. 94.80% of the stock is owned by hedge funds and other institutional investors.

Welltower Company Profile

Welltower Inc (NYSE: WELL) is a real estate investment trust (REIT) that acquires and manages real estate serving the health care industry. The company specializes in healthcare infrastructure, owning and operating a diversified portfolio of senior housing, post-acute and long-term care communities, and outpatient medical properties. Welltower’s assets are designed to support the delivery of health care services through a combination of leased properties, joint ventures, and other capital arrangements with health care operators and providers.

The company’s property types include assisted living, memory care, independent living and skilled nursing facilities, as well as medical office buildings and other outpatient-care real estate such as ambulatory surgery centers and specialty clinics.