Scotiabank set a $80.00 price target on Welltower (NYSE:WELL) in a research note released on Friday, Stock Target Advisor reports. The brokerage currently has a hold rating on the real estate investment trust’s stock.

WELL has been the subject of a number of other research reports. Royal Bank of Canada lifted their price target on Welltower to $76.00 and gave the stock a sector perform rating in a research report on Thursday, February 21st. BMO Capital Markets reaffirmed a hold rating and set a $73.00 price target on shares of Welltower in a research report on Wednesday, May 1st. Morgan Stanley lifted their price target on Welltower from $77.00 to $83.00 and gave the stock an overweight rating in a research report on Thursday, March 28th. Raymond James cut Welltower from an outperform rating to a market perform rating and set a $82.27 price target for the company. in a research report on Thursday. They noted that the move was a valuation call. Finally, Deutsche Bank lifted their price target on Welltower from $61.00 to $71.00 and gave the stock a hold rating in a research report on Friday, March 29th. Eight analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. The stock has an average rating of Buy and a consensus target price of $74.02.

Shares of WELL opened at $82.28 on Friday. Welltower has a one year low of $56.60 and a one year high of $83.87. The company has a quick ratio of 1.84, a current ratio of 1.84 and a debt-to-equity ratio of 0.79. The stock has a market cap of $33.34 billion, a price-to-earnings ratio of 20.42, a PEG ratio of 4.05 and a beta of 0.30.

Welltower (NYSE:WELL) last issued its quarterly earnings results on Tuesday, April 30th. The real estate investment trust reported $1.02 EPS for the quarter, hitting the Zacks’ consensus estimate of $1.02. Welltower had a return on equity of 4.97% and a net margin of 13.06%. The company had revenue of $1.27 billion during the quarter, compared to analysts’ expectations of $1.24 billion. During the same quarter in the previous year, the firm posted $0.99 EPS. The firm’s revenue was up 16.0% compared to the same quarter last year. As a group, equities research analysts expect that Welltower will post 4.2 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, May 28th. Shareholders of record on Tuesday, May 14th were paid a dividend of $0.87 per share. The ex-dividend date of this dividend was Monday, May 13th. This represents a $3.48 dividend on an annualized basis and a dividend yield of 4.23%. Welltower’s payout ratio is currently 86.35%.

In other Welltower news, CEO Thomas J. Derosa sold 19,307 shares of Welltower stock in a transaction dated Tuesday, May 14th. The stock was sold at an average price of $77.90, for a total transaction of $1,504,015.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.15% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Kaizen Advisory LLC increased its stake in shares of Welltower by 16.6% in the 4th quarter. Kaizen Advisory LLC now owns 971 shares of the real estate investment trust’s stock valued at $67,000 after purchasing an additional 138 shares in the last quarter. Gilman Hill Asset Management LLC increased its stake in shares of Welltower by 3.9% in the 1st quarter. Gilman Hill Asset Management LLC now owns 3,824 shares of the real estate investment trust’s stock valued at $297,000 after purchasing an additional 144 shares in the last quarter. Girard Partners LTD. increased its stake in shares of Welltower by 4.3% in the 4th quarter. Girard Partners LTD. now owns 3,753 shares of the real estate investment trust’s stock valued at $260,000 after purchasing an additional 153 shares in the last quarter. Resources Investment Advisors Inc. increased its stake in shares of Welltower by 20.9% in the 1st quarter. Resources Investment Advisors Inc. now owns 961 shares of the real estate investment trust’s stock valued at $75,000 after purchasing an additional 166 shares in the last quarter. Finally, Strategic Investment Advisors MI increased its stake in shares of Welltower by 5.5% in the 1st quarter. Strategic Investment Advisors MI now owns 3,249 shares of the real estate investment trust’s stock valued at $252,000 after purchasing an additional 168 shares in the last quarter. Institutional investors and hedge funds own 87.07% of the company’s stock.

Welltower Company Profile

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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Analyst Recommendations for Welltower (NYSE:WELL)

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