Raymond James Issues Positive Forecast for Welltower (NYSE:WELL) Stock Price

Welltower (NYSE:WELL - Get Free Report) had its price target increased by analysts at Raymond James from $145.00 to $155.00 in a report released on Monday,Benzinga reports. The brokerage currently has a "strong-buy" rating on the real estate investment trust's stock. Raymond James' price objective would suggest a potential upside of 20.44% from the stock's current price.

WELL has been the subject of several other research reports. Wells Fargo & Company reissued an "equal weight" rating and set a $135.00 price target (up previously from $134.00) on shares of Welltower in a research report on Tuesday, October 1st. StockNews.com raised Welltower from a "sell" rating to a "hold" rating in a research note on Wednesday, October 30th. Evercore ISI upped their price target on Welltower from $106.00 to $114.00 and gave the company an "in-line" rating in a research report on Monday, September 16th. Scotiabank lifted their price objective on Welltower from $133.00 to $142.00 and gave the stock a "sector outperform" rating in a research report on Monday, November 25th. Finally, Mizuho upped their target price on Welltower from $136.00 to $141.00 and gave the company an "outperform" rating in a report on Thursday, December 5th. Five research analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $123.63.

Welltower Trading Down 0.3 %

Shares of NYSE:WELL traded down $0.42 on Monday, reaching $128.70. 2,168,784 shares of the company traded hands, compared to its average volume of 2,684,725. The stock has a market capitalization of $80.14 billion, a P/E ratio of 84.67, a price-to-earnings-growth ratio of 2.88 and a beta of 1.20. The business's 50-day simple moving average is $132.95 and its 200 day simple moving average is $120.59. The company has a current ratio of 4.10, a quick ratio of 4.10 and a debt-to-equity ratio of 0.51. Welltower has a 52 week low of $85.40 and a 52 week high of $140.75.

Welltower (NYSE:WELL - Get Free Report) last posted its quarterly 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 company had revenue of $2.06 billion for the quarter, compared to the consensus estimate of $1.95 billion. During the same quarter in the previous year, the business earned $0.92 earnings per share. Welltower's revenue was up 23.7% compared to the same quarter last year. As a group, equities analysts anticipate that Welltower will post 4.3 EPS for the current fiscal 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 raised its stake in shares of Welltower by 3.7% in the third quarter. Retirement Systems of Alabama now owns 470,419 shares of the real estate investment trust's stock worth $60,228,000 after purchasing an additional 16,946 shares during the last quarter. Franklin Resources Inc. boosted its holdings in Welltower by 3.2% in the third quarter. Franklin Resources Inc. now owns 391,264 shares of the real estate investment trust's stock worth $49,925,000 after purchasing an additional 12,265 shares during the last quarter. Synovus Financial Corp grew its position in Welltower by 51.3% in the 3rd quarter. Synovus Financial Corp now owns 3,326 shares of the real estate investment trust's stock worth $426,000 after purchasing an additional 1,128 shares during the period. Tidal Investments LLC raised its stake in Welltower by 46.2% during the 3rd quarter. Tidal Investments LLC now owns 21,016 shares of the real estate investment trust's stock valued at $2,691,000 after buying an additional 6,639 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB bought a new position in shares of Welltower during the 3rd 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.