Welltower (NYSE:WELL) shares reached a new 52-week high and low on Friday . The stock traded as low as $51.19 and last traded at $51.21, with a volume of 1004220 shares traded. The stock had previously closed at $51.92.
Several research firms recently weighed in on WELL. Stephens restated a “buy” rating and issued a $61.00 price objective on shares of Welltower in a research report on Tuesday, February 27th. SunTrust Banks set a $58.00 price objective on shares of Welltower and gave the stock a “hold” rating in a research report on Friday, February 23rd. ValuEngine cut shares of Welltower from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. BMO Capital Markets set a $57.00 price objective on shares of Welltower and gave the stock a “sell” rating in a research report on Monday, January 15th. Finally, Bank of America decreased their price objective on shares of Welltower from $67.00 to $58.00 and set a “neutral” rating on the stock in a research report on Thursday, March 8th. Three investment analysts have rated the stock with a sell rating, eleven have given a hold rating and four have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $64.77.
The company has a market capitalization of $19,639.02, a PE ratio of 12.16, a P/E/G ratio of 2.27 and a beta of 0.20. The company has a quick ratio of 1.85, a current ratio of 1.85 and a debt-to-equity ratio of 0.83.
Welltower (NYSE:WELL) last released its quarterly earnings data on Thursday, February 22nd. The real estate investment trust reported $1.02 earnings per share for the quarter, missing analysts’ consensus estimates of $1.04 by ($0.02). The company had revenue of $1.10 billion for the quarter, compared to analysts’ expectations of $1.09 billion. Welltower had a net margin of 12.13% and a return on equity of 4.35%. The business’s revenue for the quarter was up 2.4% compared to the same quarter last year. During the same period last year, the company posted $0.91 EPS. analysts predict that Welltower will post 4.03 earnings per share for the current fiscal year.
In related news, Director Kenneth J. Bacon acquired 600 shares of the company’s stock in a transaction dated Thursday, March 15th. The stock was purchased at an average price of $53.63 per share, with a total value of $32,178.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Gary Whitelaw acquired 1,862 shares of the company’s stock in a transaction dated Monday, February 26th. The shares were bought at an average cost of $53.61 per share, with a total value of $99,821.82. Following the purchase, the director now owns 5,843 shares of the company’s stock, valued at approximately $313,243.23. The disclosure for this purchase can be found here. Corporate insiders own 0.17% of the company’s stock.
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Welltower Company Profile
Welltower Inc (NYSE:HCN), 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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