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Welltower Inc. (WELL) Is Up 1.31% in 2024 With Lots of Room to Run

Welltower Inc. (NYSE: WELL) is 1.31% higher on its value in year-to-date trading and has touched a low of $65.18 and a high of $94.63 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The WELL stock was last observed hovering at around $91.70 in the last trading session, with the day’s loss setting it -0.35%.

Currently trading at $91.35, the stock is -1.40% and 1.30% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 6.28 million and changing -0.38% at the moment leaves the stock 7.08% off its SMA200. WELL registered 28.21% gain for a year compared to 6-month gain of 8.09%. The firm has a 50-day simple moving average (SMA 50) of $9.96 and a 200-day simple moving average (SMA200) of $27.53.

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The stock witnessed a -2.16% loss in the last 1 month and extending the period to 3 months gives it a 0.55%, and is -0.71% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 1.31% over the week and 1.66% over the month.

Welltower Inc. (WELL) has around 533 employees, a market worth around $51.97B and $6.63B in sales. Current P/E ratio is 175.03 and Fwd P/E is 55.55. Profit margin for the company is 4.10%. Distance from 52-week low is 40.15% and -3.47% from its 52-week high. The company has generated returns on investments over the last 12 months (0.68%).

Welltower Inc. quarterly earnings per share for the current quarter are estimated at $0.25 with sales reaching $1.81B over the same period.The EPS is expected to grow by 87.92% this year, but quarterly earnings will post 11.70% year-over-year. Quarterly sales are estimated to grow 16.00% in year-over-year returns.

Welltower Inc. (WELL) Top Institutional Holders

1,332 institutions hold shares in Welltower Inc. (WELL), with institutional investors hold 96.69% of the company’s shares. The shares outstanding are 568.88M, and float is at 568.61M with Short Float at 1.07%. Institutions hold 96.60% of the Float.

The top institutional shareholder in the company is Vanguard Group Inc with over 78.6 million shares valued at $6.36 billion. The investor’s holdings represent 15.15% of the WELL Shares outstanding. As of Jun 29, 2023, the second largest holder is Blackrock Inc. with 53.41 million shares valued at $4.32 billion to account for 10.30% of the shares outstanding. The other top investors are Cohen & Steers Inc. which holds 38.01 million shares representing 7.33% and valued at over $3.07 billion, while State Street Corporation holds 6.21% of the shares totaling 32.23 million with a market value of $2.61 billion.

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