Welltower (NYSE:WELL) Stock Price Expected to Rise, Raymond James Analyst Says

Welltower (NYSE:WELL) had its price objective increased by equities researchers at Raymond James from $145.00 to $155.00 in a research report issued on Monday,Benzinga reports. The firm presently has a “strong-buy” rating on the real estate investment trust’s stock. Raymond James’ price target indicates a potential upside of 19.94% from the company’s previous close.

Other research analysts also recently issued reports about the stock. Evercore ISI increased their price target on shares of Welltower from $106.00 to $114.00 and gave the stock an “in-line” rating in a research report on Monday, September 16th. Scotiabank upped their price objective on Welltower from $133.00 to $142.00 and gave the stock a “sector outperform” rating in a research note on Monday, November 25th. Wells Fargo & Company reiterated an “equal weight” rating and set a $135.00 target price (up from $134.00) on shares of Welltower in a research report on Tuesday, October 1st. Deutsche Bank Aktiengesellschaft upped their price target on Welltower from $115.00 to $137.00 and gave the stock a “buy” rating in a research report on Wednesday, August 21st. Finally, StockNews.com raised Welltower from a “sell” rating to a “hold” rating in a research note on Wednesday, October 30th. Five equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, Welltower currently has a consensus rating of “Moderate Buy” and a consensus target price of $123.63.

Welltower Stock Performance

WELL stock opened at $129.23 on Monday. The company has a debt-to-equity ratio of 0.51, a current ratio of 4.10 and a quick ratio of 4.10. Welltower has a 1 year low of $85.40 and a 1 year high of $140.75. The company has a market cap of $80.47 billion, a P/E ratio of 85.02, a price-to-earnings-growth ratio of 2.88 and a beta of 1.20. The stock’s fifty day moving average price is $133.13 and its 200-day moving average price is $120.96.

Welltower (NYSE:WELL) last announced its earnings results on Monday, October 28th. The real estate investment trust reported $0.73 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.04 by ($0.31). Welltower had a return on equity of 3.20% and a net margin of 12.22%. The firm had revenue of $2.06 billion during the quarter, compared to analysts’ expectations of $1.95 billion. During the same period in the previous year, the business posted $0.92 earnings per share. The company’s revenue for the quarter was up 23.7% on a year-over-year basis. On average, equities analysts forecast that Welltower will post 4.3 earnings per share for the current year.

Institutional Trading of Welltower

A number of institutional investors and hedge funds have recently bought and sold shares of WELL. Retirement Systems of Alabama grew its holdings in Welltower by 3.7% during the 3rd quarter. Retirement Systems of Alabama now owns 470,419 shares of the real estate investment trust’s stock valued at $60,228,000 after buying an additional 16,946 shares in the last quarter. Franklin Resources Inc. boosted its position in shares of Welltower by 3.2% during the 3rd quarter. Franklin Resources Inc. now owns 391,264 shares of the real estate investment trust’s stock valued at $49,925,000 after acquiring an additional 12,265 shares during the last quarter. Synovus Financial Corp grew its holdings in shares of Welltower by 51.3% in the third quarter. Synovus Financial Corp now owns 3,326 shares of the real estate investment trust’s stock valued at $426,000 after purchasing an additional 1,128 shares in the last quarter. Tidal Investments LLC increased its position in Welltower by 46.2% in the third quarter. Tidal Investments LLC now owns 21,016 shares of the real estate investment trust’s stock worth $2,691,000 after purchasing an additional 6,639 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB purchased a new stake in Welltower during the third quarter valued at $337,000. 94.80% of the stock is currently owned by institutional investors.

Welltower Company Profile

Welltower Inc (NYSE:WELL), a real estate investment trust (“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 infrastructure needed to scale innovative care delivery models and improve people’s wellness and overall health care experience.