Welltower Inc. (NYSE: WELL) stock fell -0.82% on Thursday to $73.62 against a previous-day closing price of $74.23. With 1.89 million shares changed hands, the volume of the stock remained lighter than its average volume of 2.33 million shares. During the session, the REIT – Healthcare Facilities company that operates in wider Real Estate sector, reached to the highest price of $74.52 whereas the lowest price it dropped to was $72.47. The 52-week range on WELL shows that it touched its highest point at $90.35 and its lowest point at $56.50 during that stretch. It currently has a 1-year price target of $84.21. With its current market cap of 36.75 billion, WELL has annualized dividend of $2.44 while the current yield stands at 3.31%. Beta for the stock currently stands at 1.05.
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Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of WELL was down-trending over the past week, with a drop of -4.24%, but this was down by -3.35% over a month. Three-month performance dropped to -1.67% while six-month performance rose 6.93%. The stock lost -16.74% in the past year, while it has gained 12.31% so far this year. A look at the trailing 12-month EPS for WELL yields 0.24 with Next year EPS estimates of 1.14. For the next quarter, that number is 0.15. This implies an EPS growth rate of 14.10% for this year and 87.79% for next year. EPS is expected to grow by 62.90% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of -3.60%.
Float and Shares Shorts:
At present, 483.52 million WELL shares are outstanding with a float of 472.18 million shares on hand for trading. On May 14, 2023, short shares totaled 15.48 million, which was 3.11% higher than short shares on Apr 13, 2023. In addition to Mr. Shankh S. Mitra as the firm’s CEO & Director, Mr. Timothy G. McHugh serves as its Exec. VP & CFO.
Through their ownership of 99.92% of WELL’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 64.09% of WELL, in contrast to 37.03% held by mutual funds. Shares owned by individuals account for 0.29%. As the largest shareholder in WELL with 15.26% of the stake, The Vanguard Group, Inc. holds 74,865,518 shares worth 74,865,518. A second-largest stockholder of WELL, Cohen & Steers Capital Management, holds 44,309,120 shares, controlling over 9.03% of the firm’s shares. BlackRock Fund Advisors is the third largest shareholder in WELL, holding 32,485,152 shares or 6.62% stake. With a 4.08% stake in WELL, the Vanguard Real Estate Index Fund is the largest stakeholder. A total of 20,016,163 shares are owned by the mutual fund manager. The Government Pension Fund – Global, which owns about 3.41% of WELL stock, is the second-largest Mutual Fund holder. It holds 16,741,406 shares valued at 1.33 billion. Vanguard Total Stock Market ETF holds 3.11% of the stake in WELL, owning 15,256,807 shares worth 1.21 billion.
An Overview of Recent Financials:
Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on Mar 30, 2023, WELL reported revenue of $1.47B and operating income of $271.44M. The EBITDA in the recently reported quarter was $552.02M and diluted EPS was $0.20.
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for WELL since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With WELL analysts setting a high price target of $111.00 and a low target of $70.00, the average target price over the next 12 months is $85.53. Based on these targets, WELL could surge 50.77% to reach the target high and fall by -4.92% to reach the target low. Reaching the average price target will result in a growth of 16.18% from current levels.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy.
Summary of Insider Activity:
Insiders traded WELL stock several times over the past three months with 4 Buys and 0 Sells. In these transactions, 589 shares were bought while 0 shares were sold. The number of buy transactions has increased to 34 while that of sell transactions has risen to 12 over the past year. The total number of shares bought during that period was 21,936 while 63,213 shares were sold.