Welltower (NYSE:WELL – Get Free Report) was upgraded by equities research analysts at JPMorgan Chase & Co. from a “neutral” rating to an “overweight” rating in a report released on Monday, Benzinga reports. The brokerage presently has a $99.00 target price on the real estate investment trust’s stock, up from their prior target price of $92.00. JPMorgan Chase & Co.’s target price points to a potential upside of 9.04% from the company’s previous close.
Several other research analysts have also recently issued reports on WELL. Wells Fargo & Company lifted their target price on Welltower from $93.00 to $95.00 and gave the company an “overweight” rating in a research report on Monday, November 13th. Robert W. Baird lifted their target price on Welltower from $80.00 to $84.00 and gave the company a “neutral” rating in a research report on Thursday, September 14th. Morgan Stanley lifted their target price on Welltower from $74.00 to $90.00 and gave the company an “overweight” rating in a research report on Thursday, September 7th. Evercore ISI lifted their price target on Welltower from $86.00 to $89.00 and gave the stock an “in-line” rating in a report on Monday, November 27th. Finally, Raymond James upgraded Welltower from an “outperform” rating to a “strong-buy” rating and lifted their price target for the stock from $95.00 to $101.00 in a report on Thursday, November 9th. Five investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $90.08.
Welltower Trading Down 1.2 %
Shares of Welltower stock opened at $90.79 on Monday. The company has a debt-to-equity ratio of 0.67, a quick ratio of 3.37 and a current ratio of 3.37. Welltower has a 52 week low of $62.62 and a 52 week high of $93.42. The stock has a 50 day moving average price of $86.72 and a two-hundred day moving average price of $83.35. The stock has a market capitalization of $50.25 billion, a PE ratio of 189.15, a price-to-earnings-growth ratio of 3.15 and a beta of 1.06.
Welltower (NYSE:WELL – Get Free Report) last announced its earnings results on Monday, October 30th. The real estate investment trust reported $0.24 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.89 by ($0.65). The company had revenue of $1.66 billion for the quarter, compared to analysts’ expectations of $1.63 billion. Welltower had a net margin of 3.94% and a return on equity of 1.15%. The firm’s quarterly revenue was up 12.8% on a year-over-year basis. During the same period in the previous year, the firm earned $0.84 EPS. As a group, equities analysts anticipate that Welltower will post 3.61 earnings per share for the current fiscal year.
Institutional Trading of Welltower
Several hedge funds have recently made changes to their positions in the company. Citigroup Inc. raised its stake in shares of Welltower by 3.8% in the third quarter. Citigroup Inc. now owns 471,507 shares of the real estate investment trust’s stock valued at $38,626,000 after buying an additional 17,129 shares during the period. American Century Companies Inc. raised its stake in shares of Welltower by 15.7% in the third quarter. American Century Companies Inc. now owns 947,865 shares of the real estate investment trust’s stock valued at $77,649,000 after buying an additional 128,874 shares during the period. Spartan Planning & Wealth Management bought a new stake in shares of Welltower in the third quarter valued at $194,000. Creative Planning raised its stake in shares of Welltower by 19.9% in the third quarter. Creative Planning now owns 53,127 shares of the real estate investment trust’s stock valued at $4,352,000 after buying an additional 8,801 shares during the period. Finally, Financial Gravity Asset Management Inc. bought a new stake in shares of Welltower in the third quarter valued at $38,000. 91.61% of the stock is currently owned by institutional investors.
About Welltower
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.