Mizuho Issues Positive Forecast for Welltower (NYSE:WELL) Stock Price

Welltower (NYSE:WELL) had its price target increased by Mizuho from $141.00 to $170.00 in a report issued on Tuesday morning,Benzinga reports. The brokerage currently has an outperform rating on the real estate investment trust’s stock.

Several other research analysts have also issued reports on WELL. Scotiabank increased their price target on Welltower from $165.00 to $166.00 and gave the stock a “sector outperform” rating in a report on Thursday, March 6th. StockNews.com lowered Welltower from a “hold” rating to a “sell” rating in a report on Thursday, February 13th. Wedbush upgraded Welltower from a “neutral” rating to an “outperform” rating and raised their target price for the company from $145.00 to $167.00 in a report on Friday, February 14th. Royal Bank of Canada upgraded Welltower from a “sector perform” rating to an “outperform” rating and raised their target price for the company from $146.00 to $168.00 in a report on Friday, February 28th. Finally, Jefferies Financial Group upgraded Welltower from a “hold” rating to a “buy” rating and raised their target price for the company from $132.00 to $147.00 in a report on Thursday, January 2nd. Three equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $156.46.

Welltower Trading Down 0.7 %

Shares of WELL stock opened at $147.77 on Tuesday. The stock has a 50-day moving average of $143.06 and a 200-day moving average of $134.44. Welltower has a 1-year low of $87.87 and a 1-year high of $158.55. The stock has a market cap of $94.76 billion, a price-to-earnings ratio of 94.72, a PEG ratio of 2.87 and a beta of 1.20. The company has a current ratio of 4.22, a quick ratio of 4.22 and a debt-to-equity ratio of 0.48.

Welltower (NYSE:WELL) last released its earnings results on Tuesday, February 11th. The real estate investment trust reported $1.13 EPS for the quarter, topping the consensus estimate of $0.40 by $0.73. Welltower had a return on equity of 3.15% and a net margin of 11.91%. On average, equities research analysts forecast that Welltower will post 4.88 earnings per share for the current year.

Welltower Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, March 6th. Stockholders of record on Tuesday, February 25th were given a $0.67 dividend. This represents a $2.68 annualized dividend and a dividend yield of 1.81%. The ex-dividend date was Tuesday, February 25th. Welltower’s dividend payout ratio is currently 171.79%.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in WELL. Retirement Systems of Alabama increased its position in Welltower by 3.7% during the 3rd quarter. Retirement Systems of Alabama now owns 470,419 shares of the real estate investment trust’s stock valued at $60,228,000 after buying an additional 16,946 shares in the last quarter. Vestmark Advisory Solutions Inc. increased its position in Welltower by 120.3% during the 4th quarter. Vestmark Advisory Solutions Inc. now owns 14,417 shares of the real estate investment trust’s stock valued at $1,817,000 after buying an additional 7,872 shares in the last quarter. Barclays PLC increased its position in Welltower by 29.2% during the 3rd quarter. Barclays PLC now owns 1,684,446 shares of the real estate investment trust’s stock valued at $215,659,000 after buying an additional 380,888 shares in the last quarter. Park Avenue Securities LLC increased its position in Welltower by 20.1% during the 4th quarter. Park Avenue Securities LLC now owns 13,456 shares of the real estate investment trust’s stock valued at $1,696,000 after buying an additional 2,250 shares in the last quarter. Finally, Cbre Investment Management Listed Real Assets LLC increased its position in Welltower by 17.3% during the 4th quarter. Cbre Investment Management Listed Real Assets LLC now owns 1,936,954 shares of the real estate investment trust’s stock valued at $244,114,000 after buying an additional 285,015 shares in the last quarter. Institutional investors own 94.80% of the company’s stock.

About Welltower

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.