Welltower (NYSE:WELL) Releases Earnings Results, Beats Expectations By $0.73 EPS

Welltower (NYSE:WELL) issued its earnings results on Tuesday. The real estate investment trust reported $1.13 EPS for the quarter, beating analysts’ consensus estimates of $0.40 by $0.73, Zacks reports. Welltower had a net margin of 12.22% and a return on equity of 3.20%.

Welltower Stock Up 0.2 %

Shares of NYSE WELL traded up $0.29 during mid-day trading on Tuesday, hitting $143.40. The company had a trading volume of 2,387,199 shares, compared to its average volume of 2,503,790. Welltower has a 1-year low of $85.40 and a 1-year high of $143.84. The company has a market capitalization of $89.29 billion, a PE ratio of 94.34, a price-to-earnings-growth ratio of 2.83 and a beta of 1.23. The company has a debt-to-equity ratio of 0.51, a current ratio of 4.10 and a quick ratio of 4.10. The business’s 50-day simple moving average is $130.52 and its 200 day simple moving average is $128.04.

Analyst Upgrades and Downgrades

WELL has been the subject of a number of recent research reports. StockNews.com upgraded shares of Welltower from a “sell” rating to a “hold” rating in a report on Wednesday, October 30th. Raymond James upped their target price on Welltower from $145.00 to $155.00 and gave the company a “strong-buy” rating in a report on Monday, December 16th. Scotiabank lifted their price target on Welltower from $142.00 to $144.00 and gave the stock a “sector outperform” rating in a report on Monday, January 27th. Bank of America lifted their target price on shares of Welltower from $190.00 to $221.00 and gave the stock a “buy” rating in a research note on Friday, January 24th. Finally, Mizuho raised their price target on shares of Welltower from $136.00 to $141.00 and gave the stock an “outperform” rating in a report on Thursday, December 5th. Five analysts have rated the stock with a hold rating, eight have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, Welltower currently has an average rating of “Moderate Buy” and an average price target of $134.96.

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.