Analysts Update Their Price Forecasts For Welltower Inc. (WELL)

Welltower Inc. (WELL) concluded trading on Wednesday at a closing price of $89.70, with 3.12 million shares of worth about $280.07 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 4.70% during that period and on April 17, 2024 the price saw a gain of about 1.57%. Currently the company’s common shares owned by public are about 568.88M shares, out of which, 568.61M shares are available for trading.

However, the stock later moved at a day high price of 90.62, or with a gain of 1.57%. Stock saw a price change of -0.55% in past 5 days and over the past one month there was a price change of -2.82%. Year-to-date (YTD), WELL shares are showing a performance of -0.52% which increased to 19.22% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $72.47 but also hit the highest price of $94.63 during that period. The average intraday trading volume for Welltower Inc. shares is 2.66 million. The stock is currently trading -1.88% below its 20-day simple moving average (SMA20), while that difference is down -1.81% for SMA50 and it goes to 3.46% higher than SMA200.

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Welltower Inc. (NYSE: WELL) currently have 568.88M outstanding shares and institutions hold larger chunk of about 96.06% of that.

The stock has a current market capitalization of $51.03B and its 3Y-monthly beta is at 1.09. PE ratio of stock for trailing 12 months is 171.87, while it has posted earnings per share of $0.52 in the same period. It has a debt-to-equity ratio of 0.63. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for WELL, volatility over the week remained 2.03% while standing at 1.68% over the month.

Stock’s fiscal year EPS is expected to rise by 91.25% while it is estimated to increase by 32.42% in next year.

Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Exane BNP Paribas on March 18, 2024 offering an Outperform rating for the stock and assigned a target price of $104 to it. Coverage by Deutsche Bank stated Welltower Inc. (WELL) stock as a Buy in their note to investors on January 30, 2024, suggesting a price target of $115 for the stock. On December 18, 2023, JP Morgan Upgrade their recommendations, while on November 28, 2023, RBC Capital Mkts Downgrade their ratings for the stock with a price target of $97. Stock get a Strong buy rating from Raymond James on November 09, 2023.

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