Welltower (NYSE:WELL) Upgraded to Hold at Wall Street Zen

Wall Street Zen upgraded shares of Welltower (NYSE:WELL) from a sell rating to a hold rating in a research report report published on Saturday.

A number of other brokerages have also recently weighed in on WELL. KeyCorp lifted their price target on Welltower from $210.00 to $240.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 24th. Royal Bank Of Canada raised their price objective on Welltower from $207.00 to $230.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 24th. Scotiabank raised their price objective on Welltower from $214.00 to $236.00 and gave the stock a “sector outperform” rating in a research report on Monday, March 2nd. Mizuho raised their price objective on Welltower from $216.00 to $231.00 and gave the stock an “outperform” rating in a research report on Wednesday, March 4th. Finally, UBS Group set a $240.00 price objective on Welltower in a research report on Thursday, February 12th. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $225.43.

Welltower Trading Down 0.1%

Shares of WELL opened at $217.08 on Friday. The business’s 50-day moving average price is $205.83 and its 200 day moving average price is $195.88. The stock has a market capitalization of $153.24 billion, a P/E ratio of 107.46, a P/E/G ratio of 1.13 and a beta of 0.83. Welltower has a 1-year low of $142.65 and a 1-year high of $219.59. The company has a current ratio of 4.31, a quick ratio of 3.46 and a debt-to-equity ratio of 0.40.

Welltower (NYSE:WELL) last issued its quarterly earnings results on Tuesday, April 28th. The real estate investment trust reported $1.02 earnings per share for the quarter, topping analysts’ consensus estimates of $0.68 by $0.34. The firm had revenue of $3.35 billion for the quarter, compared to analysts’ expectations of $3.12 billion. Welltower had a return on equity of 3.45% and a net margin of 11.96%.Welltower’s revenue was up 38.3% on a year-over-year basis. During the same quarter last year, the business posted $1.20 EPS. Welltower has set its FY 2026 guidance at 6.210-6.350 EPS. Analysts expect that Welltower will post 6.29 earnings per share for the current year.

Welltower Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 21st. Shareholders of record on Wednesday, May 13th will be given a dividend of $0.74 per share. The ex-dividend date is Wednesday, May 13th. This represents a $2.96 dividend on an annualized basis and a yield of 1.4%. Welltower’s dividend payout ratio (DPR) is presently 146.53%.

Institutional Investors Weigh In On Welltower

Several institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. lifted its holdings in shares of Welltower by 2.9% during the 4th quarter. Vanguard Group Inc. now owns 92,421,471 shares of the real estate investment trust’s stock valued at $17,154,349,000 after buying an additional 2,643,088 shares during the last quarter. Capital International Investors lifted its holdings in shares of Welltower by 2.0% during the 4th quarter. Capital International Investors now owns 47,431,769 shares of the real estate investment trust’s stock valued at $8,805,411,000 after buying an additional 915,514 shares during the last quarter. State Street Corp lifted its holdings in shares of Welltower by 1.2% during the 4th quarter. State Street Corp now owns 41,760,328 shares of the real estate investment trust’s stock valued at $7,751,134,000 after buying an additional 506,374 shares during the last quarter. Norges Bank acquired a new stake in shares of Welltower during the 4th quarter valued at about $5,466,264,000. Finally, Bank of America Corp DE lifted its holdings in shares of Welltower by 5.3% during the 4th quarter. Bank of America Corp DE now owns 20,403,258 shares of the real estate investment trust’s stock valued at $3,787,049,000 after buying an additional 1,024,668 shares during the last quarter. 94.80% of the stock is currently owned by institutional investors and hedge funds.

Welltower Company Profile

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.