Welltower (NYSE:WELL) Sets New 12-Month High – Should You Buy?

Welltower Inc. (NYSE:WELL)’s share price hit a new 52-week high during trading on Thursday . The stock traded as high as $239.28 and last traded at $240.0580, with a volume of 299192 shares trading hands. The stock had previously closed at $233.29.

Analysts Set New Price Targets

A number of brokerages have weighed in on WELL. Weiss Ratings downgraded Welltower from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, June 24th. Wells Fargo & Company raised their price objective on shares of Welltower from $228.00 to $237.00 and gave the stock an “overweight” rating in a research report on Monday, June 1st. Raymond James Financial began coverage on shares of Welltower in a research note on Tuesday, June 16th. They issued an “outperform” rating and a $226.00 price objective for the company. Mizuho set a $239.00 target price on shares of Welltower in a research report on Friday, May 22nd. Finally, Wall Street Zen upgraded shares of Welltower from a “sell” rating to a “hold” rating in a research report on Saturday, May 2nd. Thirteen research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, Welltower has a consensus rating of “Moderate Buy” and an average price target of $234.72.

Welltower Price Performance

The firm has a market capitalization of $171.81 billion, a P/E ratio of 120.49, a price-to-earnings-growth ratio of 1.19 and a beta of 0.77. The business has a 50-day moving average of $218.71 and a 200 day moving average of $206.74. The company has a current ratio of 4.31, a quick ratio of 4.31 and a debt-to-equity ratio of 0.40.

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

Welltower Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, May 21st. Investors of record on Wednesday, May 13th were issued a $0.74 dividend. This represents a $2.96 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date was Wednesday, May 13th. Welltower’s dividend payout ratio (DPR) is currently 146.53%.

Institutional Trading of Welltower

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Leonteq Securities AG lifted its stake in shares of Welltower by 92.3% in the first quarter. Leonteq Securities AG now owns 125 shares of the real estate investment trust’s stock valued at $25,000 after buying an additional 60 shares in the last quarter. Sound Income Strategies LLC boosted its holdings in shares of Welltower by 124.6% in the 1st quarter. Sound Income Strategies LLC now owns 137 shares of the real estate investment trust’s stock worth $27,000 after buying an additional 76 shares during the last quarter. Marquette Asset Management LLC boosted its stake in Welltower by 62.8% in the fourth quarter. Marquette Asset Management LLC now owns 153 shares of the real estate investment trust’s stock valued at $28,000 after acquiring an additional 59 shares during the last quarter. Swiss RE Ltd. purchased a new position in Welltower in the fourth quarter valued at approximately $29,000. Finally, Allied Private Wealth LLC purchased a new position in shares of Welltower during the 2nd quarter valued at $41,000. Institutional investors own 94.80% of the company’s stock.

About Welltower

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.