Shares of Welltower Inc. (NYSE:WELL) traded today at $89.67, eclipsing its 52-week high. So far today approximately 410,000 shares have been exchanged, as compared to an average 30-day volume of 2.3 million shares.
Over the past year, Welltower Inc. has traded in a range of $48.90 to $89.67 and is now at $89.66, 83% above that low.
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. (NYSE:WELL) has potential upside of 28.6% based on a current price of $89.66 and analysts’ consensus price target of $115.34.
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