Welltower (NYSE:WELL) Raised to "Hold" at StockNews.com

Welltower (NYSE:WELL - Get Free Report) was upgraded by investment analysts at StockNews.com from a "sell" rating to a "hold" rating in a research note issued on Tuesday.

A number of other research analysts have also commented on the company. Jefferies Financial Group upgraded Welltower from a "hold" rating to a "buy" rating and upped their price target for the stock from $132.00 to $147.00 in a report on Thursday, January 2nd. Mizuho lifted their target price on Welltower from $141.00 to $170.00 and gave the stock an "outperform" rating in a research report on Tuesday. Wells Fargo & Company boosted their price target on Welltower from $140.00 to $158.00 and gave the company an "equal weight" rating in a research note on Monday, March 10th. Scotiabank raised their price objective on Welltower from $165.00 to $166.00 and gave the stock a "sector outperform" rating in a research report on Thursday, March 6th. Finally, Evercore ISI boosted their price objective on Welltower from $144.00 to $145.00 and gave the company an "in-line" rating in a research report on Tuesday, March 4th. Three analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, Welltower presently has a consensus rating of "Moderate Buy" and an average target price of $156.46.

Remove Ads

Welltower Stock Down 0.7 %

Shares of NYSE WELL traded down $1.05 during trading hours on Tuesday, hitting $146.84. The stock had a trading volume of 12,751,964 shares, compared to its average volume of 2,626,810. The firm's 50-day moving average price is $143.50 and its two-hundred day moving average price is $134.71. Welltower has a 52 week low of $87.87 and a 52 week high of $158.55. The company has a market capitalization of $94.17 billion, a P/E ratio of 94.13, a P/E/G ratio of 2.87 and a beta of 1.20. The company has a debt-to-equity ratio of 0.48, a quick ratio of 4.22 and a current ratio of 4.22.

Welltower (NYSE:WELL - Get Free Report) last released its quarterly earnings data on Tuesday, February 11th. The real estate investment trust reported $1.13 earnings per share (EPS) for the quarter, beating 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%. Analysts anticipate that Welltower will post 4.88 EPS for the current fiscal year.

Institutional Investors Weigh In On Welltower

Institutional investors and hedge funds have recently made changes to their positions in the company. Laurel Wealth Advisors LLC bought a new stake in shares of Welltower in the 4th quarter valued at about $25,000. Roxbury Financial LLC bought a new position in shares of Welltower during the fourth quarter worth $26,000. Sierra Ocean LLC bought a new position in shares of Welltower during the fourth quarter worth $28,000. Versant Capital Management Inc increased its position in shares of Welltower by 165.5% in the 4th quarter. Versant Capital Management Inc now owns 300 shares of the real estate investment trust's stock valued at $38,000 after buying an additional 187 shares in the last quarter. Finally, First Command Advisory Services Inc. acquired a new stake in shares of Welltower during the fourth quarter worth about $50,000. Institutional investors own 94.80% of the company's stock.

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.