Welltower (NYSE:WELL) Given New $105.00 Price Target at Mizuho

Welltower (NYSE:WELL) had its target price boosted by Mizuho from $98.00 to $105.00 in a research note issued to investors on Wednesday, Benzinga reports. Mizuho currently has a buy rating on the real estate investment trust’s stock.

WELL has been the subject of a number of other reports. Deutsche Bank Aktiengesellschaft started coverage on Welltower in a research note on Tuesday, January 30th. They set a buy rating and a $115.00 price target for the company. Scotiabank dropped their price objective on Welltower from $97.00 to $96.00 and set a sector outperform rating for the company in a report on Monday, March 4th. StockNews.com upgraded Welltower from a sell rating to a hold rating in a report on Monday. Finally, BNP Paribas initiated coverage on Welltower in a report on Monday, March 18th. They set an outperform rating and a $104.00 price objective for the company. Five analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of Moderate Buy and a consensus price target of $96.07.

Welltower Price Performance

NYSE WELL traded down $0.21 during trading on Wednesday, hitting $98.19. 548,661 shares of the stock traded hands, compared to its average volume of 2,514,644. The company has a market capitalization of $58.71 billion, a P/E ratio of 121.51, a price-to-earnings-growth ratio of 2.42 and a beta of 1.07. The firm has a 50-day simple moving average of $92.46 and a 200-day simple moving average of $90.00. The company has a quick ratio of 3.83, a current ratio of 3.83 and a debt-to-equity ratio of 0.50. Welltower has a 12-month low of $72.47 and a 12-month high of $98.83.

Welltower (NYSE:WELL) last released its quarterly earnings results on Monday, April 29th. The real estate investment trust reported $0.22 earnings per share for the quarter, missing the consensus estimate of $0.94 by ($0.72). The firm had revenue of $1.86 billion for the quarter, compared to analysts’ expectations of $1.81 billion. Welltower had a net margin of 6.37% and a return on equity of 1.77%. The business’s quarterly revenue was up 19.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.85 EPS. As a group, analysts predict that Welltower will post 4.06 EPS for the current year.

Welltower Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 22nd. Shareholders of record on Monday, May 13th will be paid a dividend of $0.61 per share. The ex-dividend date of this dividend is Friday, May 10th. This represents a $2.44 annualized dividend and a yield of 2.48%. Welltower’s payout ratio is presently 301.23%.

Institutional Trading of Welltower

Large investors have recently added to or reduced their stakes in the company. Nordea Investment Management AB grew its stake in Welltower by 1,412.2% during the 4th quarter. Nordea Investment Management AB now owns 594,677 shares of the real estate investment trust’s stock valued at $54,062,000 after purchasing an additional 555,353 shares during the last quarter. Harbour Trust & Investment Management Co purchased a new stake in Welltower during the 4th quarter valued at about $5,409,000. Koshinski Asset Management Inc. grew its stake in Welltower by 55.0% during the 4th quarter. Koshinski Asset Management Inc. now owns 4,108 shares of the real estate investment trust’s stock valued at $370,000 after purchasing an additional 1,458 shares during the last quarter. Envestnet Asset Management Inc. grew its stake in Welltower by 27.3% during the 3rd quarter. Envestnet Asset Management Inc. now owns 447,303 shares of the real estate investment trust’s stock valued at $36,643,000 after purchasing an additional 96,046 shares during the last quarter. Finally, Cerity Partners LLC boosted its stake in shares of Welltower by 57.4% in the fourth quarter. Cerity Partners LLC now owns 168,106 shares of the real estate investment trust’s stock worth $15,158,000 after buying an additional 61,324 shares during the last quarter. Hedge funds and other institutional investors own 94.80% of the company’s stock.

About Welltower

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