Welltower (NYSE:WELL) Price Target Raised to $133.00

Welltower (NYSE:WELL) had its target price lifted by equities researchers at Scotiabank from $121.00 to $133.00 in a note issued to investors on Monday, Benzinga reports. The firm presently has a “sector outperform” rating on the real estate investment trust’s stock. Scotiabank’s target price would suggest a potential upside of 5.14% from the stock’s previous close.

WELL has been the subject of a number of other research reports. KeyCorp upped their price target on shares of Welltower from $95.00 to $115.00 and gave the stock an “overweight” rating in a report on Tuesday, July 2nd. Wedbush upped their price objective on Welltower from $100.00 to $120.00 and gave the company a “neutral” rating in a research note on Monday, August 5th. Royal Bank of Canada increased their price objective on Welltower from $101.00 to $114.00 and gave the company a “sector perform” rating in a report on Friday, August 9th. StockNews.com upgraded Welltower from a “sell” rating to a “hold” rating in a report on Saturday, August 3rd. Finally, Evercore ISI raised their price target on shares of Welltower from $106.00 to $114.00 and gave the stock an “in-line” rating in a report on Monday, September 16th. Four equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $113.38.

Welltower Price Performance

Shares of WELL stock traded up $1.23 during trading on Monday, hitting $126.50. The company had a trading volume of 146,935 shares, compared to its average volume of 2,729,285. The firm has a market capitalization of $75.64 billion, a P/E ratio of 155.88, a price-to-earnings-growth ratio of 2.97 and a beta of 1.21. Welltower has a one year low of $78.38 and a one year high of $131.31. The company has a debt-to-equity ratio of 0.47, a quick ratio of 4.07 and a current ratio of 4.07. The stock’s 50-day moving average price is $117.54 and its 200 day moving average price is $104.77.

Welltower (NYSE:WELL) last released its earnings results on Monday, July 29th. The real estate investment trust reported $0.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.34 by $0.08. The company had revenue of $1.82 billion for the quarter, compared to analyst estimates of $1.89 billion. Welltower had a return on equity of 2.21% and a net margin of 8.36%. Welltower’s quarterly revenue was up 9.6% on a year-over-year basis. During the same period in the prior year, the firm posted $0.90 EPS. Equities analysts expect that Welltower will post 4.19 EPS for the current fiscal year.

Hedge Funds Weigh In On Welltower

Large investors have recently modified their holdings of the company. RDA Financial Network raised its holdings in Welltower by 0.6% during the second quarter. RDA Financial Network now owns 16,161 shares of the real estate investment trust’s stock worth $1,685,000 after buying an additional 104 shares during the last quarter. Trueblood Wealth Management LLC lifted its position in Welltower by 1.2% in the 1st quarter. Trueblood Wealth Management LLC now owns 9,061 shares of the real estate investment trust’s stock valued at $847,000 after acquiring an additional 109 shares in the last quarter. Simplicity Wealth LLC boosted its stake in Welltower by 0.9% during the 2nd quarter. Simplicity Wealth LLC now owns 12,155 shares of the real estate investment trust’s stock valued at $1,267,000 after purchasing an additional 113 shares during the last quarter. Graypoint LLC increased its holdings in Welltower by 4.8% during the 1st quarter. Graypoint LLC now owns 2,687 shares of the real estate investment trust’s stock worth $251,000 after purchasing an additional 122 shares in the last quarter. Finally, Lake Street Advisors Group LLC increased its holdings in Welltower by 3.1% during the 2nd quarter. Lake Street Advisors Group LLC now owns 4,057 shares of the real estate investment trust’s stock worth $423,000 after purchasing an additional 122 shares in the last quarter. 94.80% of the stock is currently owned by institutional investors.

Welltower Company Profile

Welltower Inc (NYSE:WELL), a REIT and S&P 500 company headquartered in Toledo, Ohio, is driving the transformation of health care infrastructure. Welltower invests with leading seniors housing operators, post-acute providers and health systems to fund the real estate and infrastructure needed to scale innovative care delivery models and improve people's wellness and overall health care experience.