Cohen & Steers Capital Management. recently announced the acquisition of new stake in Welltower Inc. (NYSE:WELL). The institutional investor has increased its shareholding in the Real Estate company by 47.28% to 34.43 million shares with purchase of 11.05 million shares. This fresh investment now brings its stake to 8.25% valued currently at $1.78 billion. In addition, SSgA Funds Management, Inc. raised its holdings by 12999.0 to 27.12 million shares. And Daiwa Asset Management Co. Ltd. has lifted its position by 22.31% or 1.47 million shares – to 8.06 million shares.
With over 2.11 million Welltower Inc. (WELL) shares trading Thursday and a closing price of $54.52 on the day, the dollar volume was approximately $115.17 million. The shares have shown a positive weekly performance of 4.97% and its price on 07/30/20 lost nearly -0.31%. Currently, there are 417.48M common shares owned by the public and among those 416.67M shares have been available to trade.
An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 19 analysts who have offered their price forecasts for WELL have a consensus price objective of $51.29. The analysts have set the share’s price value over the next 12 months at a high of $61.00 and a low of $42.00 should the stock experience a downside. Incidentally, analysts’ outlook for the Welltower Inc. stock is 2.80 for the next 12 months. The average price target is -6.38% below its last price level and a downside to the estimated low will see the stock lose -29.81% over that period. But an upside of 10.62% will see the stock hit the forecast high price target while mean target price for the stock is $52.00.
Insiders at the company have transacted a total of 51 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 31 of these insider trades were purchases, accounting for 186,791 shares. Insider sales of the common stock occurred on 20 occasions, with total insider shares sold totaling 82,171 shares.
The top 3 mutual fund holders in Welltower Inc. are Vanguard Real Estate Index Fund, Vanguard Total Stock Market Index, and Vanguard 500 Index Fund. Vanguard Real Estate Index Fund owns 18.4 million shares of the company’s stock, all valued at over $952.21 million. The company bought an additional 0.14 million shares recently to bring their total holdings to about 4.41% of the shares outstanding. Vanguard Total Stock Market Index bought 0.19 million shares to see its total holdings expand to 11.9 million shares valued at over $615.76 million and representing 2.85% of the shares outstanding. Vanguard 500 Index Fund bought 0.38 million shares to bring its total holdings to over 8.01 million shares at a value of $414.59 million. Vanguard 500 Index Fund now owns shares totaling to 1.92% of the shares outstanding.
Shares of Welltower Inc. (NYSE: WELL) opened at $53.49, down -$1.2 from a prior closing price of $54.69. However, the script later closed the day at $54.52, down -0.31%. The company’s stock has a 5-day price change of 4.97% and 6.42% over the past three months. WELL shares are trading -33.33% year to date (YTD), with the 12-month market performance down to -34.41% lower. It has a 12-month low price of $24.27 and touched a high of $93.17 over the same period. Currently, 2.11 million shares have been traded, compared to an average intraday trading volume of 3.77 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 6.54%, 4.20%, and -18.35% respectively.
Institutional ownership of Welltower Inc. (NYSE: WELL) shares accounts for 91.50% of the company’s 417.48M shares outstanding. Mutual fund holders own 42.73%, while other institutional holders and individual stakeholders account for 48.86% and 0.31% respectively.
It has a market capitalization of $22.99B and a beta (3y monthly) value of 0.83. The stock’s trailing 12-month PE ratio is 53.14, while the earnings-per-share (ttm) stands at $1.03. The company has a PEG of 4.09 and the debt-to-equity ratio at 0.87. Price movements for the stock have been influenced by the stock’s volatility, which stands at 3.25% over the week and 3.55% over the month.
Analysts forecast that Welltower Inc. (WELL) will achieve an EPS of $0.21 for the current quarter, $0.15 for the next quarter and $0.94 for 2021. The lowest estimate earnings-per-share for the quarter is $0.14 while analysts give the company a high EPS estimate of $0.37. Comparatively, EPS for the current quarter was $0.34 a year ago. Earnings per share for the fiscal year are expected to increase by 31.40%, and -21.16% over the next financial year. EPS should grow at an annualized rate of 13.00% over the next five years, compared to 4.80% over the past 5-year period.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 19 brokerage firm advisors rate Welltower Inc. (WELL) as a “Moderate Buy” at a consensus score of 2.80. Specifically, 6 Wall Street analysts polled rate the stock as a buy, while 9 of the 19 advise that investors “hold,” and 1 rated it as a “Sell.”
Looking at the support for the WELL, a number of firms have released research notes about the stock. Berenberg stated their Buy rating for the stock in a research note on July 22, 2020, with the firm’s price target at $56. Evercore ISI coverage for the Welltower Inc. (WELL) stock in a research note released on June 15, 2020 offered a Outperform rating with a price target of. CapitalOne was of a view on May 07, 2020 that the stock is Equal Weight, while Raymond James gave the stock Outperform rating on April 29, 2020, issuing a price target of $65- $58. Evercore ISI on their part issued In-line rating on March 30, 2020.