As of Friday close, Welltower Inc.’s (NYSE:WELL) stock was down -$0.91, moving down -1.09 percent to $82.83. The average number of shares traded per day over the past five days has been 2,344,280 shares. 3 times new highs have been achieved over the past 5 days, with a -$1.54 fall in that time frame. In the last twenty days, the average volume was 2,151,500, while in the previous 50 days, it was 1,905,624.
Since last month, WELL stock rose 2.26%. Shares of the company fell to $79.84 on 08/23/23, the lowest level in the past month. A 52-week high of $86.72 was reached on 09/20/23 after having rallying from a 52-week low of $56.50. Since the beginning of this year, WELL’s stock price has risen by 26.36% or $17.28, and marked a new high 31 times. However, the stock has declined by -4.49% since its 52-week high.
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Valuation Metrics
Right now, Welltower Inc. (WELL) has a P/E ratio of about 338.08. The stock’s beta is 1.03. Besides these, the trailing price-to-sales (P/S) ratio of 6.92, the price-to-book (PB) ratio of 1.95, and the price-to-cash flow ratio of 30.70 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 22.58%, the RSI 9-day stood at 46.28% on 22 September.
With respect to its five-day moving average, the current Welltower Inc. price is down by -1.83% percent or -$1.54. At present, WELL shares trade +3.07% above its 20-day simple moving average and +5.84% percent above its 100-day simple moving average. However, the stock is currently trading approximately +2.44% above its SMA50 and +18.01% above its SMA200.
Stochastic coefficient K was 56.00% and Stochastic coefficient D was 66.92%, while ATR was 1.71. Given the Stochastic reading of 38.35% for the 14-day period, the RSI (14) reading has been calculated as 48.99%. As of today, the MACD Oscillator reading stands at 0.01, while the 14-day reading stands at 0.58.
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 4 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 4 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 $78.00 – $111.00. Based on these forecasts, analysts predict Welltower Inc. (WELL) will achieve an average price target of $91.25.
