Welltower (NYSE:WELL – Get Rating) had its price objective decreased by equities research analysts at Stifel Nicolaus from $83.00 to $70.00 in a research report issued on Tuesday, The Fly reports. Stifel Nicolaus’ price target suggests a potential upside of 8.66% from the stock’s current price.
Several other equities analysts have also issued reports on WELL. Jefferies Financial Group decreased their price target on shares of Welltower from $89.00 to $79.00 and set a “hold” rating for the company in a report on Thursday, June 30th. Morgan Stanley reaffirmed an “overweight” rating and issued a $90.00 target price on shares of Welltower in a research note on Wednesday, August 31st. JPMorgan Chase & Co. raised shares of Welltower from a “neutral” rating to an “overweight” rating and reduced their target price for the stock from $94.00 to $89.00 in a research note on Wednesday, June 22nd. KeyCorp reduced their target price on shares of Welltower from $98.00 to $95.00 and set an “overweight” rating for the company in a research note on Thursday, July 7th. Finally, Evercore ISI reduced their target price on shares of Welltower from $89.00 to $81.00 in a research note on Tuesday, September 27th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Welltower currently has a consensus rating of “Moderate Buy” and a consensus price target of $90.33.
Welltower Trading Down 1.5 %
Shares of Welltower stock traded down $0.96 on Tuesday, hitting $64.42. 164,691 shares of the company’s stock traded hands, compared to its average volume of 2,626,722. The firm’s 50-day moving average price is $76.65 and its two-hundred day moving average price is $84.21. The stock has a market capitalization of $29.24 billion, a PE ratio of 72.38, a price-to-earnings-growth ratio of 3.30 and a beta of 1.02. Welltower has a one year low of $62.65 and a one year high of $99.43. The company has a debt-to-equity ratio of 0.77, a current ratio of 2.19 and a quick ratio of 2.19.
Welltower (NYSE:WELL – Get Rating) last issued its earnings results on Tuesday, August 9th. The real estate investment trust reported $0.20 EPS for the quarter, missing the consensus estimate of $0.85 by ($0.65). The business had revenue of $1.47 billion for the quarter, compared to the consensus estimate of $1.42 billion. Welltower had a net margin of 7.20% and a return on equity of 2.09%. The business’s revenue was up 29.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.79 EPS. On average, research analysts expect that Welltower will post 3.4 EPS for the current fiscal year.
Institutional Inflows and Outflows
Several large investors have recently bought and sold shares of the stock. Norges Bank acquired a new position in shares of Welltower during the 4th quarter worth approximately $1,334,568,000. Wellington Management Group LLP boosted its position in shares of Welltower by 236.3% during the 1st quarter. Wellington Management Group LLP now owns 13,798,930 shares of the real estate investment trust’s stock worth $1,326,629,000 after acquiring an additional 9,695,218 shares in the last quarter. BlackRock Inc. boosted its position in shares of Welltower by 8.1% during the 4th quarter. BlackRock Inc. now owns 47,651,136 shares of the real estate investment trust’s stock worth $4,087,042,000 after acquiring an additional 3,564,148 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of Welltower by 4.2% during the 1st quarter. Vanguard Group Inc. now owns 71,733,837 shares of the real estate investment trust’s stock worth $6,896,491,000 after acquiring an additional 2,912,151 shares in the last quarter. Finally, State Street Corp boosted its position in shares of Welltower by 9.2% during the 1st quarter. State Street Corp now owns 30,173,175 shares of the real estate investment trust’s stock worth $2,900,849,000 after acquiring an additional 2,554,309 shares in the last quarter. 97.68% of the stock is owned by institutional investors.
Welltower Company Profile
Welltower Inc (NYSE:WELL), an S&P 500 company headquartered in Toledo, Ohio, is driving the transformation of health care infrastructure. The Company 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.