As of Wednesday close, Welltower Inc.’s (NYSE:WELL) stock was down -$0.15, moving down -0.18 percent to $82.91. The average number of shares traded per day over the past five days has been 1,313,780 shares. 4 times new highs have been achieved over the past 5 days, with a $1.91 gain in that time frame. In the last twenty days, the average volume was 1,704,745, while in the previous 50 days, it was 1,853,180.
Since last month, WELL stock retreated -2.00%. Shares of the company fell to $79.63 on 08/22/23, the lowest level in the past month. A 52-week high of $86.39 was reached on 08/10/23 after having rallying from a 52-week low of $56.50. Since the beginning of this year, WELL’s stock price has risen by 26.48% or $17.36, and marked a new high 30 times. However, the stock has declined by -4.03% since its 52-week high.
Valuation Metrics
Right now, Welltower Inc. (WELL) has a P/E ratio of about 338.41. The stock’s beta is 1.05. Besides these, the trailing price-to-sales (P/S) ratio of 6.86, the price-to-book (PB) ratio of 1.95, and the price-to-cash flow ratio of 30.43 may also be considered.
The latest dividend of $0.61 per share was paid out, remained unchanged from last year’s $0.61. On Wednesday May 6 2020, a $0.26 dividend decrease was announced.
Financial Health
According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 0.76, and the total debt-to-equity ratio was 0.76. On the profitability front, the trailing twelve-month gross margin is 39.90% percent. In the year ended June 29, operating margins totaled 12.70%. Based on annual data, WELL earned $729.1 million in gross profit and brought in $5.86 billion in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 2.00%. Return on equity (ROE) for the past 12 months was 0.60%.
In Welltower Inc.’s quarter-end financial report for June 29, it reported total debt of $2.46 billion. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. WELL’s revenue rose 11.58% to $1.56 billion during the quarter, while net income inched up to $1.67 billion. While analysts expected Welltower Inc. to report $0.16 quarterly earnings, the actual figure was $0.2 per share, beating the consensus estimate by 25.00%. During the quarter, the company generated $659.12 million in EBITDA. The value of shareholders’ equity is $518.73 million.
Technical Picture
This quick technical analysis looks at Welltower Inc.’s (WELL) price momentum. With a historical volatility rate of 19.30%, the RSI 9-day stood at 56.80% on 30 August.
With respect to its five-day moving average, the current Welltower Inc. price is up by +2.36% percent or $1.91. At present, WELL shares trade -0.79% below its 20-day simple moving average and +15.88% percent above its 100-day simple moving average. However, the stock is currently trading approximately +4.66% above its SMA50 and +18.34% above its SMA200.
Stochastic coefficient K was 42.99% and Stochastic coefficient D was 31.23%, while ATR was 1.58. Given the Stochastic reading of 53.68% for the 14-day period, the RSI (14) reading has been calculated as 54.22%. As of today, the MACD Oscillator reading stands at 1.20, while the 14-day reading stands at 0.43.
Analyst Ratings
Welltower Inc. downgraded its rating on Welltower Inc. (NYSE: WELL) to an In-line in a note to investors on July 14, 2023. The analysts firm previously had an Outperform rating on the stock.Welltower Inc. (WELL) has been rated Overweight by analysts. According to 0 brokerage firms, WELL is a sell, and 3 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 3 analysts rate Welltower Inc. stock as buy, with 10 recommending it as overweight.
With a median target price of $92.00, the current consensus forecast for the stock is $74.00 – $96.00. Based on these forecasts, analysts predict Welltower Inc. (WELL) will achieve an average price target of $88.20.
