Welltower Inc (WELL) stock hits $134.31: Is it a good time to buy or wait for a dip?

Welltower Inc [WELL] stock is trading at $134.31, up 0.78%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The WELL shares have gain 2.86% over the last week, with a monthly amount glided 6.97%, and seem to be holding up well over a long-time horizon.

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From an analyst’s perspective:

Welltower Inc [NYSE: WELL] stock has seen the most recent analyst activity on March 18, 2024, when Exane BNP Paribas initiated its Outperform rating and assigned the stock a price target of $104. Previously, Deutsche Bank started tracking the stock with Buy rating on January 30, 2024, and set its price target to $115. On December 18, 2023, upgrade upgraded it’s rating to Overweight and revised its price target to $99 on the stock. RBC Capital Mkts downgraded its rating to a Sector Perform and increased its price target to $97 on November 28, 2023. Raymond James upgraded its rating to a Strong Buy and raised its price target to $101 on November 09, 2023. JP Morgan downgraded its rating to Neutral for this stock on October 12, 2023, but kept the price target unchanged to $90. In a note dated October 03, 2023, Wedbush initiated an Neutral rating and provided a target price of $83 on this stock.

Welltower Inc [WELL] stock has fluctuated between $84.38 and $139.80 over the past year. Currently, Wall Street analysts expect the stock to reach $95.67 within the next 12 months. Welltower Inc [NYSE: WELL] shares were valued at $134.31 at the most recent close of the market. An investor can expect a potential drop of -28.77% based on the average WELL price forecast.

Analyzing the WELL fundamentals

Welltower Inc [NYSE:WELL] reported sales of 7.49B for the trailing twelve months, which represents a growth of 23.70%. Gross Profit Margin for this corporation currently stands at 0.13% with Operating Profit Margin at 0.05%, Pretax Profit Margin comes in at 0.07%, and Net Profit Margin reading is 0.12%. To continue investigating profitability, this company’s Return on Assets is posted at 0.02, Equity is 0.03 and Total Capital is 0.01. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.52.

Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 133.49 points at the first support level, and at 132.66 for the second support level. However, for the 1st resistance point, the stock is sitting at 135.01, and for the 2nd resistance point, it is at 135.70.

Ratios To Look Out For

Considering the valuation of this stock, the price to sales ratio is 11.04, the price to book ratio is 2.74 and price to earnings (TTM) ratio is 167.89.

Transactions by insiders

Recent insider trading involved BACON KENNETH J, Director, that happened on Jun 04 ’24 when 1800.0 shares were sold.

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