Welltower Inc. (NYSE:WELL) finished Friday with an addition of $0.67 to close at $81.03, an upside of 0.83 percent. An average of 1,683,640 shares of common stock have been traded in the last five days. There was a fall of -$0.17 in the past week, and it reached a new high 19 times over the past 12 months. The last 20 days have seen an average of 1,817,355 shares traded, while the 50-day average volume stands at 2,152,958.
WELL stock has decreased by -0.23% in the last month. The company shares reached their 1-month lowest point of $79.63 on 08/22/23. With the stock rallying to its 52-week high on 08/10/23, shares of the company touched a low of $56.50 and a high of $86.39 in 52 weeks. It has reached a new high 30 times so far this year and achieved 23.62% or $15.48 in price. In spite of this, the price is down -6.20% from the 52-week high.
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Valuation Metrics
Welltower Inc. (WELL) has a trailing price-to-earnings (P/E) ratio of 330.73. The stock’s beta is 1.04. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 6.81, the price-to-book (PB) ratio at 1.91, and the price-to-cash flow ratio at 30.20.
The company has a payout ratio of 905.31%. The company’s most recent quarterly dividend payment was $0.61 a share, without any change from last year. Its latest decrease dividend $0.26 reported on Wednesday May 6 2020.
Financial Health
Further, the company has a long term debt to equity ratio of 0.76 and a total debt to equity ratio of 0.76 for the recent quarter. Its gross profit as reported stood at $729.1 million compared to revenue of $5.86 billion.
For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Welltower Inc.’s return on assets was 0.30%.
Earnings Surprise
For the recent quarter, Welltower Inc. had $2.46 billion in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of $103.04 million in the quarter, while revenues of $25.67 million were grew 12.87%. At the end of the recent quarter, Welltower Inc.’s stock balance sheet showed total debt was $16.41 billion. Shareholders own equity worth $518.73 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at Welltower Inc. (WELL) price momentum. RSI 9-day as of the close on 25 August was 42.90%, suggesting the stock is Neutral, with historical volatility in this time frame at 14.52%.
As of today, WELL’s price is $80.51 -0.21% or -$0.17 from its 5-day moving average. WELL is currently trading +0.02% higher than its 20-day SMA and +12.97% higher than its 100-day SMA. However, the stock’s current price level is -0.63% below the SMA50 and +31.84% above the SMA200.
The stochastic %K and %D were 17.26% and 12.53%, respectively, and the average true range (ATR) was 1.65. With the 14-day stochastic at 20.71% and the average true range at 1.71, the RSI (14) stands at 45.74%. The stock has reached -0.54 on the 9-day MACD Oscillator while the 14-day reading was at -1.80.
Analyst Ratings
Evercore ISI downgraded Welltower Inc. (NYSE: WELL) to a an In-line rating in its most recent analyst report. Previously, the stock was rated as an Outperform. The consensus rating for Welltower Inc. (WELL) among analysts is Overweight. According to current brokerage recommendations, 0 brokerage firms advise that investors sell WELL, while 3 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 3 analysts, while 10 others rate it as a “buy”.
What is WELL’s price target for the next 12 months?
Analysts predict a range of price targets between $74.00 and $96.00, with a median target of $91.00. Taking a look at these predictions, the average price target given by analysts for Welltower Inc. (WELL) stock is $87.86.
