Welltower (NYSE:WELL) Price Target Increased to $114.00 by Analysts at Evercore ISI

Welltower (NYSE:WELL) had its price objective hoisted by stock analysts at Evercore ISI from $106.00 to $114.00 in a research report issued to clients and investors on Monday, Benzinga reports. The brokerage currently has an “in-line” rating on the real estate investment trust’s stock. Evercore ISI’s price target points to a potential downside of 10.55% from the company’s current price.

Other research analysts have also recently issued research reports about the company. KeyCorp upped their target price on Welltower from $95.00 to $115.00 and gave the company an “overweight” rating in a research note on Tuesday, July 2nd. Morgan Stanley increased their target price on Welltower from $103.00 to $107.50 and gave the stock an “overweight” rating in a research note on Thursday, July 11th. Wells Fargo & Company boosted their target price on shares of Welltower from $107.00 to $111.00 and gave the company an “overweight” rating in a research note on Thursday, May 30th. Wolfe Research upgraded shares of Welltower to a “strong-buy” rating in a report on Friday, August 9th. Finally, Royal Bank of Canada lifted their price objective on shares of Welltower from $101.00 to $114.00 and gave the company a “sector perform” rating in a report on Friday, August 9th. Four analysts have rated the stock with a hold rating, eight have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $112.38.

Welltower Stock Down 1.3 %

Shares of WELL opened at $127.44 on Monday. The company has a quick ratio of 4.07, a current ratio of 4.07 and a debt-to-equity ratio of 0.47. The business has a fifty day moving average of $116.24 and a 200 day moving average of $104.05. The company has a market cap of $76.20 billion, a PE ratio of 157.33, a P/E/G ratio of 2.97 and a beta of 1.21. Welltower has a 52-week low of $78.38 and a 52-week high of $131.31.

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. Welltower had a net margin of 8.36% and a return on equity of 2.21%. The firm had revenue of $1.82 billion during the quarter, compared to analyst estimates of $1.89 billion. During the same quarter last year, the business earned $0.90 EPS. The business’s revenue was up 9.6% on a year-over-year basis. On average, sell-side analysts expect that Welltower will post 4.19 EPS for the current year.

Institutional Investors Weigh In On Welltower

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

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.