Welltower Target of Unusually High Options Trading (NYSE:WELL)

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Welltower Inc (NYSE:WELL) saw some unusual options trading on Tuesday. Investors acquired 4,337 call options on the stock. This represents an increase of 1,021% compared to the typical volume of 387 call options.

Several equities analysts recently commented on WELL shares. Berenberg Bank started coverage on Welltower in a research report on Wednesday, July 22nd. They set a “buy” rating and a $56.00 target price for the company. Deutsche Bank reduced their target price on Welltower from $61.00 to $60.00 and set a “buy” rating for the company in a research report on Friday, July 10th. Citigroup boosted their target price on Welltower from $42.00 to $50.00 and gave the stock a “neutral” rating in a research report on Thursday, July 2nd. Bank of America boosted their target price on Welltower from $46.50 to $54.00 and gave the stock an “underperform” rating in a research report on Friday, August 21st. Finally, Evercore ISI upgraded Welltower from an “in-line” rating to an “outperform” rating in a research report on Monday, June 15th. Two equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and seven have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $55.80.

NYSE WELL opened at $60.71 on Wednesday. Welltower has a 1-year low of $24.27 and a 1-year high of $93.17. The company has a current ratio of 3.32, a quick ratio of 3.32 and a debt-to-equity ratio of 0.85. The stock has a 50-day moving average of $57.07 and a 200-day moving average of $52.84. The firm has a market cap of $25.33 billion, a PE ratio of 19.15, a price-to-earnings-growth ratio of 5.67 and a beta of 0.83.

Welltower (NYSE:WELL) last released its earnings results on Wednesday, August 5th. The real estate investment trust reported $0.42 earnings per share for the quarter, missing analysts’ consensus estimates of $0.86 by ($0.44). Welltower had a net margin of 26.20% and a return on equity of 8.64%. As a group, equities research analysts forecast that Welltower will post 3.46 earnings per share for the current fiscal year. (adsbygoogle = window.adsbygoogle || []).push({});

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 27th. Investors of record on Tuesday, August 18th were issued a dividend of $0.61 per share. The ex-dividend date of this dividend was Monday, August 17th. This represents a $2.44 dividend on an annualized basis and a yield of 4.02%. Welltower’s dividend payout ratio is presently 58.65%.

A number of large investors have recently made changes to their positions in WELL. tru Independence LLC increased its holdings in Welltower by 89.5% during the 2nd quarter. tru Independence LLC now owns 559 shares of the real estate investment trust’s stock valued at $29,000 after purchasing an additional 264 shares during the period. HHM Wealth Advisors LLC purchased a new position in shares of Welltower during the 1st quarter worth approximately $32,000. NuWave Investment Management LLC purchased a new position in shares of Welltower during the 2nd quarter worth approximately $33,000. Truvestments Capital LLC purchased a new position in shares of Welltower during the 1st quarter worth approximately $35,000. Finally, CVA Family Office LLC purchased a new position in shares of Welltower during the 1st quarter worth approximately $41,000. Institutional investors own 89.24% of the company’s stock.

Welltower Inc (NYSE:WELL), an S&P 500 company headquartered in Toledo, Ohio, is driving the transformation of health care infrastructure. The Company invests with leading seniors housing operators, post-acute providers and health systems to fund the real estate infrastructure needed to scale innovative care delivery models and improve people’s wellness and overall health care experience.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to [email protected]

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SOURCE: https://www.w24news.com/news/welltower-target-of-unusually-high-options-trading-nysewell/?remotepost=280501

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