Welltower (NYSE:WELL – Get Rating) was upgraded by equities research analysts at Evercore ISI to an “outperform” rating in a research note issued to investors on Tuesday, The Fly reports.
Several other equities analysts also recently issued reports on WELL. Raymond James raised shares of Welltower from an “outperform” rating to a “strong-buy” rating and boosted their price target for the company from $72.00 to $82.00 in a report on Monday, January 9th. Citigroup upgraded shares of Welltower from a “neutral” rating to a “buy” rating and upped their target price for the stock from $70.00 to $81.00 in a research report on Wednesday, April 5th. Credit Suisse Group lifted their price target on Welltower from $72.00 to $80.00 and gave the company an “outperform” rating in a report on Monday, April 3rd. Barclays increased their price objective on Welltower from $78.00 to $82.00 and gave the stock an “overweight” rating in a report on Tuesday, January 17th. Finally, StockNews.com began coverage on Welltower in a research report on Thursday, March 16th. They issued a “sell” rating on the stock. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $81.06.
Welltower Stock Performance
Welltower stock opened at $72.82 on Tuesday. The company has a current ratio of 2.00, a quick ratio of 2.00 and a debt-to-equity ratio of 0.69. The stock has a 50 day moving average of $72.84 and a 200-day moving average of $68.41. The stock has a market cap of $35.73 billion, a P/E ratio of 227.57, a price-to-earnings-growth ratio of 4.56 and a beta of 1.05. Welltower has a 52 week low of $56.50 and a 52 week high of $98.42.
Hedge Funds Weigh In On Welltower
Hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its position in Welltower by 2.3% in the 3rd quarter. Vanguard Group Inc. now owns 74,487,135 shares of the real estate investment trust’s stock valued at $4,791,012,000 after acquiring an additional 1,674,989 shares in the last quarter. Cohen & Steers Inc. increased its stake in shares of Welltower by 17.6% during the third quarter. Cohen & Steers Inc. now owns 40,144,429 shares of the real estate investment trust’s stock worth $2,581,775,000 after purchasing an additional 6,010,798 shares during the period. Norges Bank bought a new position in Welltower in the fourth quarter valued at approximately $1,104,830,000. Geode Capital Management LLC increased its stake in shares of Welltower by 3.4% in the 4th quarter. Geode Capital Management LLC now owns 10,554,206 shares of the real estate investment trust’s stock valued at $690,687,000 after purchasing an additional 347,749 shares during the last quarter. Finally, Principal Financial Group Inc. lifted its holdings in shares of Welltower by 49.5% in the fourth quarter. Principal Financial Group Inc. now owns 10,232,143 shares of the real estate investment trust’s stock worth $670,717,000 after acquiring an additional 3,386,635 shares during the last quarter. Institutional investors and hedge funds own 95.78% of the company’s stock.
Welltower, Inc engages in the provision of health care infrastructure and investment of seniors housing operators, post-acute providers, and health systems. It operates through the following segments: Seniors Housing Operating, Triple-net, and Outpatient Medical. The Seniors Housing Operating segment includes the seniors housing communities.