Shares of Welltower Inc. (NYSE:WELL) traded today at $87.96, eclipsing its 52-week high. This new high was reached on below average trading volume as 1.3 million shares traded hands, while the average 30-day volume is approximately 2.3 million shares.
Welltower owns a diversified healthcare portfolio of over 1,600 in-place properties spread across the senior housing, medical office, and skilled nursing/post-acute care sectors. The portfolio includes over 100 properties in both Canada and the United Kingdom as the company looks for additional investment opportunities in countries with mature healthcare systems that operate similarly to that of the United States.
Welltower Inc. share prices have moved between a 52-week high of $87.96 and a 52-week low of $48.90 and are now trading 79% above that low price at $87.30 per share.
Potential upside of 29.2% exists for Welltower Inc., based on a current level of $87.30 and analysts’ average consensus price target of $112.77.
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