Welltower (NYSE:WELL - Get Free Report) had its price target increased by investment analysts at Wells Fargo & Company from $140.00 to $158.00 in a report issued on Monday,Benzinga reports. The brokerage presently has an "equal weight" rating on the real estate investment trust's stock. Wells Fargo & Company's price target would indicate a potential upside of 9.51% from the stock's previous close.
WELL has been the topic of a number of other reports. Bank of America lifted their price objective on Welltower from $221.00 to $242.00 and gave the stock a "buy" rating in a research note on Tuesday, February 18th. Wedbush raised Welltower from a "neutral" rating to an "outperform" rating and upped their target price for the stock from $145.00 to $167.00 in a research report on Friday, February 14th. Mizuho lifted their price target on shares of Welltower from $136.00 to $141.00 and gave the company an "outperform" rating in a research report on Thursday, December 5th. Evercore ISI raised their price objective on shares of Welltower from $144.00 to $145.00 and gave the company an "in-line" rating in a research note on Tuesday, March 4th. Finally, Scotiabank lifted their price target on Welltower from $165.00 to $166.00 and gave the company a "sector outperform" rating in a research note on Thursday. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, ten have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $150.19.
Check Out Our Latest Analysis on WELL
Welltower Stock Down 2.1 %
Shares of WELL traded down $3.17 during mid-day trading on Monday, hitting $144.29. 239,985 shares of the company's stock were exchanged, compared to its average volume of 2,701,070. The company has a debt-to-equity ratio of 0.48, a current ratio of 4.22 and a quick ratio of 4.22. Welltower has a 52 week low of $87.87 and a 52 week high of $158.55. The company has a market cap of $92.53 billion, a PE ratio of 92.45, a P/E/G ratio of 2.87 and a beta of 1.20. The company has a 50-day simple moving average of $138.99 and a 200 day simple moving average of $132.86.
Welltower (NYSE:WELL - Get Free Report) last issued its quarterly earnings results on Tuesday, February 11th. The real estate investment trust reported $1.13 EPS for the quarter, topping the consensus estimate of $0.40 by $0.73. Welltower had a net margin of 11.91% and a return on equity of 3.15%. On average, research analysts forecast that Welltower will post 4.88 earnings per share for the current fiscal year.
Institutional Investors Weigh In On Welltower
Several institutional investors and hedge funds have recently bought and sold shares of the business. Laurel Wealth Advisors LLC purchased a new position in Welltower during the 4th quarter valued at about $25,000. Roxbury Financial LLC purchased a new position in Welltower in the fourth quarter worth about $26,000. Sierra Ocean LLC bought a new position in shares of Welltower in the fourth quarter worth approximately $28,000. Versant Capital Management Inc increased its position in shares of Welltower by 165.5% during the fourth quarter. Versant Capital Management Inc now owns 300 shares of the real estate investment trust's stock valued at $38,000 after acquiring an additional 187 shares in the last quarter. Finally, Ashton Thomas Securities LLC purchased a new position in Welltower in the 3rd quarter worth approximately $50,000. Hedge funds and other institutional investors own 94.80% of the company's stock.
About Welltower
(
Get Free Report)
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.
Further Reading
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Welltower, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Welltower wasn't on the list.
While Welltower currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Thinking about investing in Meta, Roblox, or Unity? Enter your email to learn what streetwise investors need to know about the metaverse and public markets before making an investment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
