Welltower’s (WELL) Neutral Rating Reiterated at JPMorgan Chase & Co.

JPMorgan Chase & Co. reiterated their neutral rating on shares of Welltower (NYSE:WELL) in a report published on Thursday, Marketbeat reports. JPMorgan Chase & Co. currently has a $205.00 price target on the real estate investment trust’s stock.

Other equities analysts have also issued research reports about the stock. Morgan Stanley boosted their target price on shares of Welltower from $170.00 to $200.00 and gave the stock an “overweight” rating in a research report on Thursday, November 20th. Wells Fargo & Company boosted their price objective on shares of Welltower from $200.00 to $218.00 and gave the stock an “overweight” rating in a report on Tuesday, November 25th. Loop Capital set a $196.00 target price on shares of Welltower in a research note on Wednesday, October 29th. KeyCorp lifted their target price on Welltower from $150.00 to $200.00 and gave the stock an “overweight” rating in a research report on Tuesday, September 23rd. Finally, Cantor Fitzgerald upped their price target on Welltower from $195.00 to $200.00 and gave the company an “overweight” rating in a report on Tuesday, October 28th. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $204.80.

Welltower Price Performance

NYSE WELL opened at $186.23 on Thursday. The stock has a 50-day simple moving average of $189.43 and a 200 day simple moving average of $171.95. Welltower has a twelve month low of $123.11 and a twelve month high of $209.05. The stock has a market capitalization of $127.82 billion, a PE ratio of 128.44, a P/E/G ratio of 1.48 and a beta of 0.84. The company has a debt-to-equity ratio of 0.43, a quick ratio of 5.47 and a current ratio of 5.47.

Welltower (NYSE:WELL) last issued its quarterly earnings results on Monday, October 27th. The real estate investment trust reported $1.34 EPS for the quarter, topping the consensus estimate of $1.30 by $0.04. Welltower had a return on equity of 2.71% and a net margin of 9.69%.The company had revenue of $2.69 billion for the quarter, compared to the consensus estimate of $2.70 billion. During the same period in the previous year, the business posted $1.11 EPS. The company’s revenue for the quarter was up 30.7% on a year-over-year basis. Welltower has set its FY 2025 guidance at 5.240-5.300 EPS. Research analysts anticipate that Welltower will post 4.88 EPS for the current year.

Welltower Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, November 20th. Shareholders of record on Tuesday, November 11th were paid a dividend of $0.74 per share. The ex-dividend date was Monday, November 10th. This represents a $2.96 dividend on an annualized basis and a yield of 1.6%. Welltower’s dividend payout ratio (DPR) is currently 204.14%.

Hedge Funds Weigh In On Welltower

Hedge funds have recently modified their holdings of the stock. Norges Bank acquired a new stake in Welltower in the 2nd quarter valued at $4,903,554,000. Vanguard Group Inc. lifted its holdings in shares of Welltower by 4.7% during the third quarter. Vanguard Group Inc. now owns 89,778,383 shares of the real estate investment trust’s stock valued at $15,993,121,000 after acquiring an additional 3,991,896 shares during the period. Capital World Investors boosted its stake in shares of Welltower by 167.2% in the 3rd quarter. Capital World Investors now owns 4,247,262 shares of the real estate investment trust’s stock valued at $756,607,000 after purchasing an additional 2,657,766 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its stake in shares of Welltower by 41.6% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 8,923,852 shares of the real estate investment trust’s stock valued at $1,367,226,000 after purchasing an additional 2,622,384 shares in the last quarter. Finally, Capital International Investors grew its holdings in shares of Welltower by 4.1% in the 3rd quarter. Capital International Investors now owns 46,516,255 shares of the real estate investment trust’s stock worth $8,285,296,000 after purchasing an additional 1,842,934 shares during the last quarter. 94.80% of the stock is owned by institutional investors and hedge funds.

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.