Welltower Target of Unusually High Options Trading (NYSE:WELL)

Welltower Inc (NYSE:WELL) was the recipient of unusually large options trading on Tuesday. Stock investors purchased 16,134 call options on the stock. This is an increase of 4,645% compared to the average daily volume of 340 call options.

Several large investors have recently made changes to their positions in WELL. Ellis Investment Partners LLC purchased a new stake in shares of Welltower in the first quarter valued at $27,000. Citizens Financial Group Inc RI acquired a new position in shares of Welltower during the first quarter worth about $30,000. Massey Quick Simon & CO. LLC acquired a new position in shares of Welltower during the first quarter worth about $31,000. Heritage Wealth Advisors lifted its stake in shares of Welltower by 464.6% during the first quarter. Heritage Wealth Advisors now owns 446 shares of the real estate investment trust’s stock worth $35,000 after purchasing an additional 367 shares in the last quarter. Finally, Gradient Investments LLC lifted its stake in shares of Welltower by 590.3% during the second quarter. Gradient Investments LLC now owns 497 shares of the real estate investment trust’s stock worth $41,000 after purchasing an additional 425 shares in the last quarter. 87.04% of the stock is owned by institutional investors and hedge funds.

Several equities analysts recently issued reports on the company. Raymond James cut Welltower from an “outperform” rating to a “market perform” rating and set a $82.27 price objective for the company. in a report on Thursday, June 13th. They noted that the move was a valuation call. BMO Capital Markets reaffirmed a “buy” rating and set a $86.00 price objective on shares of Welltower in a report on Monday, August 5th. Stifel Nicolaus lifted their price objective on Welltower from $78.00 to $87.00 and gave the stock a “buy” rating in a report on Thursday, August 1st. Finally, Scotiabank set a $80.00 price objective on Welltower and gave the stock a “hold” rating in a report on Friday, June 14th. Six research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $79.12.

Welltower stock opened at $87.85 on Wednesday. The company has a quick ratio of 1.73, a current ratio of 1.73 and a debt-to-equity ratio of 0.95. The business’s fifty day moving average is $84.41. The stock has a market capitalization of $35.78 billion, a P/E ratio of 21.80, a price-to-earnings-growth ratio of 4.58 and a beta of 0.29. Welltower has a fifty-two week low of $60.93 and a fifty-two week high of $88.87.

Welltower (NYSE:WELL) last released its quarterly earnings results on Wednesday, July 31st. The real estate investment trust reported $0.34 earnings per share for the quarter, missing the consensus estimate of $1.04 by ($0.70). The company had revenue of $1.32 billion for the quarter, compared to analysts’ expectations of $1.30 billion. Welltower had a return on equity of 4.62% and a net margin of 11.98%. The business’s quarterly revenue was up 17.2% on a year-over-year basis. During the same period in the previous year, the business posted $1.00 EPS. Research analysts anticipate that Welltower will post 4.17 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, August 22nd. Shareholders of record on Thursday, August 15th will be given a dividend of $0.87 per share. This represents a $3.48 annualized dividend and a yield of 3.96%. The ex-dividend date is Wednesday, August 14th. Welltower’s payout ratio is 86.35%.

About Welltower

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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