Welltower (NYSE:WELL) had its price objective lifted by Morgan Stanley from $63.00 to $67.00 in a research report report published on Thursday. Morgan Stanley currently has an overweight rating on the real estate investment trust’s stock.

A number of other research firms have also recently issued reports on WELL. Raymond James raised Welltower to an outperform rating in a research report on Friday, June 1st. BMO Capital Markets reissued a hold rating and set a $58.00 price objective on shares of Welltower in a research report on Monday, July 30th. Hilliard Lyons raised Welltower from an underperform rating to a neutral rating in a research report on Friday, April 27th. ValuEngine raised Welltower from a strong sell rating to a sell rating in a research report on Thursday, June 28th. Finally, Stephens reissued a buy rating and set a $64.00 price objective on shares of Welltower in a research report on Tuesday, July 31st. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating and six have issued a buy rating to the company. Welltower currently has a consensus rating of Hold and a consensus price target of $64.13.

Shares of Welltower stock traded up $0.67 during midday trading on Thursday, hitting $66.35. The company’s stock had a trading volume of 128,263 shares, compared to its average volume of 2,459,600. The stock has a market cap of $23.49 billion, a PE ratio of 15.65, a price-to-earnings-growth ratio of 2.58 and a beta of 0.26. The company has a quick ratio of 1.77, a current ratio of 1.77 and a debt-to-equity ratio of 0.81. Welltower has a 1-year low of $49.58 and a 1-year high of $75.58.

Welltower (NYSE:WELL) last issued its earnings results on Friday, July 27th. The real estate investment trust reported $0.41 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.99 by ($0.58). The business had revenue of $1.13 billion during the quarter, compared to analyst estimates of $1.10 billion. Welltower had a return on equity of 4.95% and a net margin of 13.64%. The firm’s revenue was up 6.4% compared to the same quarter last year. analysts expect that Welltower will post 4.02 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, August 21st. Shareholders of record on Tuesday, August 7th will be issued a dividend of $0.87 per share. The ex-dividend date is Monday, August 6th. This represents a $3.48 annualized dividend and a yield of 5.24%. Welltower’s dividend payout ratio (DPR) is currently 82.66%.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Principal Financial Group Inc. bought a new position in Welltower during the first quarter valued at about $308,744,000. Ballast Inc. bought a new position in Welltower during the second quarter valued at about $228,000. Foundry Partners LLC raised its holdings in Welltower by 1,606.7% during the second quarter. Foundry Partners LLC now owns 140,134 shares of the real estate investment trust’s stock valued at $8,785,000 after buying an additional 131,923 shares in the last quarter. Morningstar Investment Services LLC bought a new position in Welltower during the first quarter valued at about $38,799,000. Finally, Gilman Hill Asset Management LLC bought a new position in Welltower during the second quarter valued at about $218,000. Institutional investors own 84.29% of the company’s stock.

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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Analyst Recommendations for Welltower (NYSE:WELL)

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