Welltower (NYSE:WELL) PT Raised to $90.00

Welltower (NYSE:WELL) had its price target boosted by Morgan Stanley from $74.00 to $90.00 in a research report released on Thursday, Marketbeat.com reports. Morgan Stanley currently has an overweight rating on the real estate investment trust’s stock.

A number of other equities analysts have also recently commented on the stock. Royal Bank of Canada boosted their price target on shares of Welltower from $87.00 to $92.00 and gave the stock an outperform rating in a research note on Tuesday, August 15th. Barclays raised their price target on Welltower from $82.00 to $92.00 and gave the company an overweight rating in a research report on Wednesday, August 2nd. Wells Fargo & Company upped their price objective on Welltower from $89.00 to $93.00 and gave the stock an overweight rating in a report on Monday, August 7th. StockNews.com started coverage on Welltower in a report on Thursday, August 17th. They set a sell rating on the stock. Finally, Raymond James lowered Welltower from a strong-buy rating to an outperform rating and upped their target price for the stock from $82.00 to $90.00 in a research note on Friday, June 23rd. One analyst has rated the stock with a sell rating, one has assigned a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat.com, Welltower currently has a consensus rating of Moderate Buy and a consensus target price of $84.15.

Welltower Stock Up 0.1 %

WELL opened at $82.60 on Thursday. The company has a debt-to-equity ratio of 0.73, a current ratio of 3.12 and a quick ratio of 3.12. Welltower has a one year low of $56.50 and a one year high of $86.39. The firm has a market capitalization of $42.85 billion, a P/E ratio of 359.15, a price-to-earnings-growth ratio of 2.97 and a beta of 1.05. The company has a fifty day moving average price of $81.99 and a 200-day moving average price of $77.65.

Welltower Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, August 23rd. Shareholders of record on Tuesday, August 15th were paid a dividend of $0.61 per share. The ex-dividend date of this dividend was Monday, August 14th. This represents a $2.44 dividend on an annualized basis and a yield of 2.95%. Welltower’s dividend payout ratio is presently 1,060.92%.

Hedge Funds Weigh In On Welltower

Institutional investors have recently made changes to their positions in the business. Portside Wealth Group LLC purchased a new position in Welltower during the second quarter valued at approximately $337,000. Virginia Retirement Systems ET AL purchased a new position in shares of Welltower during the 2nd quarter valued at $11,273,000. California State Teachers Retirement System boosted its holdings in Welltower by 3.1% in the 2nd quarter. California State Teachers Retirement System now owns 805,085 shares of the real estate investment trust’s stock worth $65,123,000 after buying an additional 24,094 shares during the period. Osaic Holdings Inc. increased its stake in Welltower by 1.6% in the 2nd quarter. Osaic Holdings Inc. now owns 106,852 shares of the real estate investment trust’s stock worth $8,635,000 after buying an additional 1,642 shares in the last quarter. Finally, Orion Portfolio Solutions LLC increased its stake in Welltower by 128.4% in the 2nd quarter. Orion Portfolio Solutions LLC now owns 11,173 shares of the real estate investment trust’s stock worth $904,000 after buying an additional 6,282 shares in the last quarter. Institutional investors own 91.61% of the company’s stock.

Welltower Company Profile

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