The stock of Welltower Inc. (NYSE:WELL) decreased by -$1.05 on Tuesday to finish at $83.74, down -1.24 percent. The last five days have seen an average of 3,369,900 shares of common stock traded. 30 times new highs were reached in the current year, with a gain of $18.19. The average number of shares traded over the last 20 days was 2,033,270, while the average volume over the last 50 days totaled 1,894,346.
WELL stock appreciated 3.13% since last month. On 08/22/23, the company’s shares reached a one-month low of $79.63. The stock touched a high of $86.39 on 08/10/23, after rallying from a low of $56.50 in 52 weeks. The price of WELL stock has risen by 27.75% or $18.19 this year, reaching a new high 30 times. Still, the stock price is down -3.07% from the 52-week high.
Valuation Metrics
Welltower Inc. (WELL) has a trailing price-to-earnings (P/E) ratio of 341.80. Beta for the stock is 1.04. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 7.00, the price-to-book (PB) ratio of 1.97, and the price-to-cash flow ratio of 31.04.
Company paid $0.61 per share in dividends, remained unchanged from $0.61 last year. A $0.26 dividend decrease was reported on Wednesday May 6 2020.
Financial Health
The company’s long-term debt to equity ratio for the quarter ending June 29 is 0.76, and the total debt to equity ratio is 0.76. As far as profitability goes, gross margin for the trailing twelve months is 39.90% percent. Welltower Inc.’s operating margin stood at 12.70% for the same period. Based on annual data, it had gross profit of $729.1 million and revenue of $5.86 billion.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. WELL’s return on assets (ROA) during the last 12 months has been 0.30%. There was a 2.00% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 0.60%.
Earnings Surprise
According to Welltower Inc.’s quarterly financial report for the quarter that ended June 29. A higher net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $1.67 billion, while revenues rose by 11.58% to $1.56 billion. It was predicted that Welltower Inc.’s quarterly earnings would be $0.2, but it ended up being $0.16, beating the consensus by 25.00%. EBITDA was $659.12 million for the quarter. At the end of Welltower Inc.’s most recent quarter ended June 29, its total debt was $16.41 billion. Equity owned by shareholders amounts to $518.73 million.
Technical Picture
Here’s a quick look at Welltower Inc.’s (WELL) price momentum from a technical perspective. As of 19 September, the RSI 9-day stood at 54.56%, suggesting the stock is Neutral, with a 22.09% historical volatility rate.
The stochastic %K and %D were 80.87% and 82.56% respectively, while the average true range (ATR) was 1.54. Based on the 14-day stochastic reading of 68.66%, the RSI (14) reading is 54.40%. On the 9-day MACD Oscillator, the stock is at 0.69, and the 14-day reading is at 1.18.
Analyst Ratings
Welltower Inc. (NYSE: WELL) was downgraded by Evercore ISI to a an In-line rating in its latest research report. The stock was previously rated as a an Outperform. Analysts have assigned Welltower Inc. (WELL) an Overweight rating. WELL is a stock that is recommended for selling by 0 brokerage firms, while 4 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 4 rates it overweight and 10 others recommend it as a buy.
What is WELL’s price target for the next 12 months?
The current consensus forecast for the stock is between $78.00 and $96.00, with a median target price of $91.00. In analyzing these forecasts, the average price target given by analysts for Welltower Inc. (WELL) is $89.81.
