Welltower (NYSE:WELL) Reaches New 52-Week High – Here’s Why

Welltower Inc. (NYSE:WELL)’s share price reached a new 52-week high during trading on Thursday . The stock traded as high as $239.28 and last traded at $240.0580, with a volume of 299192 shares. The stock had previously closed at $233.29.

Wall Street Analyst Weigh In

A number of research firms have issued reports on WELL. Royal Bank Of Canada reissued an “outperform” rating and set a $238.00 target price on shares of Welltower in a research note on Monday, June 15th. Deutsche Bank Aktiengesellschaft boosted their price target on Welltower from $215.00 to $265.00 and gave the stock a “buy” rating in a research report on Wednesday, July 1st. Wells Fargo & Company upped their price objective on shares of Welltower from $228.00 to $237.00 and gave the stock an “overweight” rating in a report on Monday, June 1st. Mizuho set a $239.00 price target on shares of Welltower in a research note on Friday, May 22nd. Finally, UBS Group upped their target price on Welltower from $249.00 to $271.00 and gave the stock a “buy” rating in a research report on Wednesday, July 8th. Thirteen investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, Welltower presently has an average rating of “Moderate Buy” and a consensus price target of $234.72.

Welltower Stock Up 2.7%

The company has a debt-to-equity ratio of 0.40, a current ratio of 4.31 and a quick ratio of 4.31. The stock has a market capitalization of $169.11 billion, a P/E ratio of 118.56, a PEG ratio of 1.16 and a beta of 0.77. The stock’s fifty day moving average is $217.56 and its two-hundred day moving average is $206.10.

Welltower (NYSE:WELL) last posted its quarterly earnings results on Tuesday, April 28th. The real estate investment trust reported $1.02 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.68 by $0.34. Welltower had a return on equity of 3.45% and a net margin of 11.96%.The company had revenue of $3.35 billion for the quarter, compared to analysts’ expectations of $3.12 billion. During the same quarter in the prior year, the company earned $1.20 earnings per share. The firm’s revenue was up 38.3% on a year-over-year basis. Welltower has set its FY 2026 guidance at 6.210-6.350 EPS. As a group, research analysts predict that Welltower Inc. will post 6.32 earnings per share for the current fiscal year.

Welltower Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, May 21st. Shareholders of record on Wednesday, May 13th were paid a dividend of $0.74 per share. This represents a $2.96 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend was Wednesday, May 13th. Welltower’s payout ratio is 146.53%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Ballast Inc. purchased a new position in shares of Welltower during the second quarter valued at $225,000. Family Wealth Partners LLC grew its stake in Welltower by 1.3% during the 2nd quarter. Family Wealth Partners LLC now owns 3,678 shares of the real estate investment trust’s stock valued at $835,000 after acquiring an additional 48 shares in the last quarter. Tema ETFs LLC grew its stake in Welltower by 9.9% during the 2nd quarter. Tema ETFs LLC now owns 11,250 shares of the real estate investment trust’s stock valued at $2,553,000 after acquiring an additional 1,015 shares in the last quarter. Yoffe Investment Management LLC acquired a new position in shares of Welltower in the 2nd quarter valued at about $224,000. Finally, Handelsbanken Fonder AB lifted its position in shares of Welltower by 11.5% in the second quarter. Handelsbanken Fonder AB now owns 353,123 shares of the real estate investment trust’s stock worth $80,148,000 after purchasing an additional 36,308 shares in the last quarter. Hedge funds and other institutional investors own 94.80% of the company’s stock.

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.