Welltower (NYSE:WELL) Receives Equal Weight Rating from Wells Fargo & Company

Welltower (NYSE:WELL)‘s stock had its “equal weight” rating reissued by research analysts at Wells Fargo & Company in a research report issued on Tuesday, Benzinga reports. They currently have a $135.00 target price on the real estate investment trust’s stock, up from their prior target price of $134.00. Wells Fargo & Company‘s price objective would indicate a potential upside of 5.76% from the company’s current price.

Several other equities research analysts also recently commented on the company. Morgan Stanley boosted their target price on Welltower from $103.00 to $107.50 and gave the stock an “overweight” rating in a report on Thursday, July 11th. Scotiabank increased their price target on shares of Welltower from $121.00 to $133.00 and gave the company a “sector outperform” rating in a report on Monday, September 23rd. Royal Bank of Canada boosted their target price on shares of Welltower from $101.00 to $114.00 and gave the company a “sector perform” rating in a research note on Friday, August 9th. Evercore ISI boosted their price target on Welltower from $106.00 to $114.00 and gave the company an “in-line” rating in a research note on Monday, September 16th. Finally, KeyCorp upped their price target on shares of Welltower from $95.00 to $115.00 and gave the company an “overweight” rating in a research report on Tuesday, July 2nd. Five investment 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. Based on data from MarketBeat, Welltower has a consensus rating of “Moderate Buy” and a consensus target price of $115.38.

Welltower Trading Down 0.3 %

Shares of NYSE:WELL traded down $0.38 on Tuesday, hitting $127.65. The company had a trading volume of 353,744 shares, compared to its average volume of 2,732,472. The firm’s 50-day simple moving average is $120.08 and its two-hundred day simple moving average is $106.27. The firm has a market capitalization of $76.32 billion, a price-to-earnings ratio of 157.59, a P/E/G ratio of 2.97 and a beta of 1.21. The company has a quick ratio of 4.07, a current ratio of 4.07 and a debt-to-equity ratio of 0.47. Welltower has a 1 year low of $78.38 and a 1 year high of $131.31.

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

Hedge Funds Weigh In On Welltower

Several large investors have recently made changes to their positions in the business. Stifel Financial Corp lifted its holdings in Welltower by 5.1% in the 4th quarter. Stifel Financial Corp now owns 137,374 shares of the real estate investment trust’s stock worth $12,388,000 after purchasing an additional 6,723 shares in the last quarter. Bank of Nova Scotia boosted its holdings in shares of Welltower by 41.8% during the 4th quarter. Bank of Nova Scotia now owns 66,930 shares of the real estate investment trust’s stock valued at $6,035,000 after purchasing an additional 19,730 shares during the last quarter. The Manufacturers Life Insurance Company grew its position in shares of Welltower by 10.6% during the fourth quarter. The Manufacturers Life Insurance Company now owns 498,045 shares of the real estate investment trust’s stock valued at $44,909,000 after purchasing an additional 47,571 shares in the last quarter. NEOS Investment Management LLC increased its holdings in shares of Welltower by 74.6% in the fourth quarter. NEOS Investment Management LLC now owns 7,842 shares of the real estate investment trust’s stock worth $707,000 after purchasing an additional 3,350 shares during the last quarter. Finally, CIBC Asset Management Inc lifted its position in shares of Welltower by 1.0% in the fourth quarter. CIBC Asset Management Inc now owns 74,352 shares of the real estate investment trust’s stock worth $6,704,000 after buying an additional 740 shares in the last quarter. 94.80% of the stock is currently owned by hedge funds and other 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.