Welltower (NYSE:WELL - Get Free Report) was upgraded by stock analysts at Wells Fargo & Company from an "equal weight" rating to an "overweight" rating in a report issued on Tuesday, MarketBeat reports. The firm currently has a $158.00 target price on the real estate investment trust's stock. Wells Fargo & Company's price objective indicates a potential upside of 10.75% from the stock's current price.
Other equities research analysts have also recently issued research reports about the company. Wedbush raised Welltower from a "neutral" rating to an "outperform" rating and raised their target price for the stock from $145.00 to $167.00 in a research note on Friday, February 14th. Raymond James raised their price objective on Welltower from $145.00 to $155.00 and gave the stock a "strong-buy" rating in a research report on Monday, December 16th. Royal Bank of Canada raised shares of Welltower from a "sector perform" rating to an "outperform" rating and upped their target price for the company from $146.00 to $168.00 in a research report on Friday, February 28th. Jefferies Financial Group raised shares of Welltower from a "hold" rating to a "buy" rating and increased their target price for the stock from $132.00 to $147.00 in a research note on Thursday, January 2nd. Finally, Scotiabank boosted their price target on shares of Welltower from $165.00 to $166.00 and gave the company a "sector outperform" rating in a research note on Thursday, March 6th. One analyst has rated the stock with a sell rating, one has issued a hold rating, ten have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $156.46.
Read Our Latest Analysis on WELL
Welltower Trading Up 0.6 %
Shares of WELL traded up $0.85 during midday trading on Tuesday, reaching $142.66. The company had a trading volume of 2,651,403 shares, compared to its average volume of 2,864,108. The firm has a 50 day simple moving average of $147.95 and a 200-day simple moving average of $136.90. The company has a quick ratio of 4.22, a current ratio of 4.22 and a debt-to-equity ratio of 0.48. The stock has a market cap of $92.50 billion, a PE ratio of 91.45, a price-to-earnings-growth ratio of 2.87 and a beta of 0.93. Welltower has a 1-year low of $87.87 and a 1-year high of $158.55.
Welltower (NYSE:WELL - Get Free Report) last issued its earnings results on Tuesday, February 11th. The real estate investment trust reported $1.13 EPS for the quarter, topping analysts' consensus estimates of $0.40 by $0.73. Welltower had a net margin of 11.91% and a return on equity of 3.15%. Research analysts forecast that Welltower will post 4.88 EPS for the current fiscal year.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. grew its position in shares of Welltower by 2.7% during the fourth quarter. Vanguard Group Inc. now owns 98,295,258 shares of the real estate investment trust's stock worth $12,388,151,000 after buying an additional 2,612,044 shares in the last quarter. Capital International Investors lifted its stake in Welltower by 0.9% in the fourth quarter. Capital International Investors now owns 37,096,408 shares of the real estate investment trust's stock worth $4,674,826,000 after acquiring an additional 318,496 shares during the last quarter. Norges Bank acquired a new position in Welltower during the 4th quarter worth approximately $3,943,892,000. Bank of America Corp DE increased its position in shares of Welltower by 9.7% in the 4th quarter. Bank of America Corp DE now owns 18,706,788 shares of the real estate investment trust's stock valued at $2,357,617,000 after purchasing an additional 1,652,611 shares during the last quarter. Finally, FMR LLC raised its holdings in shares of Welltower by 9.4% in the 4th quarter. FMR LLC now owns 15,782,795 shares of the real estate investment trust's stock valued at $1,989,106,000 after purchasing an additional 1,354,231 shares in the last quarter. 94.80% of the stock is owned by institutional investors and hedge funds.
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.
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