Welltower (NYSE:WELL) Price Target Raised to $144.00

Welltower (NYSE:WELL) had its price target upped by Scotiabank from $142.00 to $144.00 in a research note issued to investors on Monday,Benzinga reports. Scotiabank currently has a sector outperform rating on the real estate investment trust’s stock.

A number of other research firms have also commented on WELL. StockNews.com raised shares of Welltower from a “sell” rating to a “hold” rating in a research report on Wednesday, October 30th. Raymond James raised their target price on shares of Welltower from $145.00 to $155.00 and gave the stock a “strong-buy” rating in a report on Monday, December 16th. Wells Fargo & Company reiterated an “equal weight” rating and issued a $135.00 price target (up from $134.00) on shares of Welltower in a research note on Tuesday, October 1st. Mizuho lifted their price objective on Welltower from $136.00 to $141.00 and gave the company an “outperform” rating in a report on Thursday, December 5th. Finally, Jefferies Financial Group raised Welltower from a “hold” rating to a “buy” rating and lifted their price objective for the company from $132.00 to $147.00 in a report on Thursday, January 2nd. Five analysts have rated the stock with a hold rating, eight have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $134.96.

Welltower Stock Down 1.5 %

Welltower stock opened at $135.08 on Monday. The company’s 50-day moving average price is $130.13 and its two-hundred day moving average price is $125.99. The company has a quick ratio of 4.10, a current ratio of 4.10 and a debt-to-equity ratio of 0.51. The stock has a market cap of $84.11 billion, a P/E ratio of 88.87, a P/E/G ratio of 2.64 and a beta of 1.22. Welltower has a twelve month low of $85.40 and a twelve month high of $140.75.

Welltower (NYSE:WELL) last announced its earnings results on Monday, October 28th. The real estate investment trust reported $0.73 earnings per share for the quarter, missing analysts’ consensus estimates of $1.04 by ($0.31). Welltower had a return on equity of 3.20% and a net margin of 12.22%. The firm had revenue of $2.06 billion for the quarter, compared to the consensus estimate of $1.95 billion. During the same quarter last year, the business posted $0.92 EPS. Welltower’s revenue for the quarter was up 23.7% on a year-over-year basis. As a group, analysts expect that Welltower will post 4.3 EPS for the current year.

Hedge Funds Weigh In On Welltower

Several large investors have recently bought and sold shares of WELL. Laurel Wealth Advisors LLC acquired a new stake in shares of Welltower in the fourth quarter valued at about $25,000. Fortitude Family Office LLC boosted its stake in shares of Welltower by 37.0% in the 3rd quarter. Fortitude Family Office LLC now owns 289 shares of the real estate investment trust’s stock valued at $37,000 after purchasing an additional 78 shares during the last quarter. Versant Capital Management Inc increased its position in shares of Welltower by 165.5% during the fourth quarter. Versant Capital Management Inc now owns 300 shares of the real estate investment trust’s stock worth $38,000 after buying an additional 187 shares during the period. Ashton Thomas Securities LLC bought a new position in Welltower during the third quarter worth $50,000. Finally, FSA Wealth Management LLC acquired a new position in Welltower in the third quarter valued at $59,000. 94.80% of the stock is currently owned by institutional investors.

Welltower Company Profile

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.