Welltower (NYSE:WELL) Price Target Raised to $242.00

Welltower (NYSE:WELL - Get Free Report) had its price objective increased by research analysts at Bank of America from $221.00 to $242.00 in a research report issued on Tuesday,Benzinga reports. The firm presently has a "buy" rating on the real estate investment trust's stock. Bank of America's price target points to a potential upside of 62.76% from the company's previous close.

Other analysts have also recently issued research reports about the company. Scotiabank boosted their target price on Welltower from $142.00 to $144.00 and gave the stock a "sector outperform" rating in a report on Monday, January 27th. Jefferies Financial Group upgraded Welltower from a "hold" rating to a "buy" rating and boosted their target price for the stock from $132.00 to $147.00 in a report on Thursday, January 2nd. Wedbush upgraded Welltower from a "neutral" rating to an "outperform" rating and boosted their target price for the stock from $145.00 to $167.00 in a report on Friday, February 14th. Mizuho boosted their target price on Welltower from $136.00 to $141.00 and gave the stock an "outperform" rating in a report on Thursday, December 5th. Finally, StockNews.com cut Welltower from a "hold" rating to a "sell" rating in a report on Thursday, February 13th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $140.19.

Welltower Trading Down 1.1 %

WELL traded down $1.63 during midday trading on Tuesday, hitting $148.69. The company's stock had a trading volume of 3,943,343 shares, compared to its average volume of 2,658,641. The company has a current ratio of 4.22, a quick ratio of 4.22 and a debt-to-equity ratio of 0.48. The firm has a market cap of $95.35 billion, a P/E ratio of 95.31, a PEG ratio of 2.86 and a beta of 1.23. The firm has a 50-day moving average price of $133.44 and a two-hundred day moving average price of $129.88. Welltower has a 52-week low of $87.87 and a 52-week high of $152.81.

Welltower (NYSE:WELL - Get Free Report) last posted its quarterly earnings results on Tuesday, February 11th. The real estate investment trust reported $1.13 EPS for the quarter, beating the consensus estimate of $0.40 by $0.73. Welltower had a return on equity of 3.15% and a net margin of 11.91%. On average, research analysts anticipate that Welltower will post 4.88 earnings per share for the current year.

Hedge Funds Weigh In On Welltower

A number of institutional investors have recently made changes to their positions in the business. Retirement Planning Group LLC NY acquired a new position in shares of Welltower in the 4th quarter valued at approximately $312,000. GF Fund Management CO. LTD. acquired a new position in shares of Welltower in the 4th quarter valued at approximately $1,416,000. Public Employees Retirement System of Ohio raised its position in shares of Welltower by 0.4% in the 4th quarter. Public Employees Retirement System of Ohio now owns 1,099,391 shares of the real estate investment trust's stock valued at $138,556,000 after purchasing an additional 4,610 shares in the last quarter. GTS Securities LLC raised its position in shares of Welltower by 120.3% in the 4th quarter. GTS Securities LLC now owns 4,033 shares of the real estate investment trust's stock valued at $508,000 after purchasing an additional 23,933 shares in the last quarter. Finally, Vise Technologies Inc. raised its position in shares of Welltower by 284.8% during the 4th quarter. Vise Technologies Inc. now owns 10,643 shares of the real estate investment trust's stock valued at $1,341,000 after acquiring an additional 7,877 shares in the last quarter. 94.80% of the stock is owned by institutional investors and hedge funds.

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.