Welltower (NYSE:WELL) PT Raised to $121.00

Welltower (NYSE:WELL) had its price objective increased by analysts at Scotiabank from $116.00 to $121.00 in a research report issued on Wednesday, Benzinga reports. The brokerage presently has a “sector outperform” rating on the real estate investment trust’s stock. Scotiabank’s target price suggests a potential upside of 4.25% from the company’s current price.

Several other analysts have also recently commented on WELL. Wedbush raised their price target on Welltower from $100.00 to $120.00 and gave the company a “neutral” rating in a report on Monday. Morgan Stanley increased their price target on shares of Welltower from $103.00 to $107.50 and gave the company an “overweight” rating in a report on Thursday, July 11th. KeyCorp boosted their price objective on shares of Welltower from $95.00 to $115.00 and gave the stock an “overweight” rating in a report on Tuesday, July 2nd. StockNews.com raised Welltower from a “sell” rating to a “hold” rating in a research note on Saturday. Finally, Wells Fargo & Company upped their price target on Welltower from $107.00 to $111.00 and gave the stock an “overweight” rating in a report on Thursday, May 30th. Five investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $105.88.

Welltower Stock Performance

Shares of NYSE WELL traded up $1.11 during mid-day trading on Wednesday, hitting $116.07. 1,546,961 shares of the company were exchanged, compared to its average volume of 2,690,647. The firm has a market cap of $70.70 billion, a price-to-earnings ratio of 143.30, a price-to-earnings-growth ratio of 2.74 and a beta of 1.18. The company has a quick ratio of 3.83, a current ratio of 4.07 and a debt-to-equity ratio of 0.47. Welltower has a 1-year low of $78.38 and a 1-year high of $117.44. The stock has a 50 day simple moving average of $105.81 and a 200-day simple moving average of $97.42.

Welltower (NYSE:WELL) last issued its quarterly earnings results on Monday, July 29th. The real estate investment trust reported $0.42 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.34 by $0.08. The business had revenue of $1.82 billion for the quarter, compared to analyst estimates of $1.89 billion. Welltower had a net margin of 8.36% and a return on equity of 2.21%. The business’s revenue was up 9.6% compared to the same quarter last year. During the same period in the previous year, the business posted $0.90 earnings per share. On average, sell-side analysts forecast that Welltower will post 4.16 EPS for the current fiscal year.

Insider Buying and Selling

In other news, Director Kenneth J. Bacon sold 1,800 shares of the business’s stock in a transaction on Tuesday, June 4th. The shares were sold at an average price of $103.91, for a total transaction of $187,038.00. Following the transaction, the director now directly owns 14,579 shares of the company’s stock, valued at $1,514,903.89. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.12% of the stock is currently owned by corporate insiders.

Institutional Trading of Welltower

A number of hedge funds and other institutional investors have recently modified their holdings of WELL. First Foundation Advisors purchased a new position in shares of Welltower during the 2nd quarter valued at approximately $26,000. Rise Advisors LLC acquired a new stake in Welltower in the first quarter valued at $27,000. TruNorth Capital Management LLC bought a new position in Welltower during the 2nd quarter valued at $27,000. Manchester Capital Management LLC grew its holdings in Welltower by 338.7% during the 1st quarter. Manchester Capital Management LLC now owns 329 shares of the real estate investment trust’s stock worth $31,000 after acquiring an additional 254 shares in the last quarter. Finally, Centerpoint Advisors LLC bought a new stake in shares of Welltower in the 2nd quarter worth about $31,000. 94.80% of the stock is owned by hedge funds and other institutional investors.

Welltower Company Profile

Welltower Inc (NYSE:WELL), a 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 and infrastructure needed to scale innovative care delivery models and improve people's wellness and overall health care experience.