Welltower (NYSE:WELL) Stock Price Expected to Rise, Wells Fargo & Company Analyst Says

Welltower (NYSE:WELL) had its price target boosted by Wells Fargo & Company from $140.00 to $158.00 in a research report issued to clients and investors on Monday,Benzinga reports. The brokerage presently has an “equal weight” rating on the real estate investment trust’s stock. Wells Fargo & Company‘s price objective would indicate a potential upside of 9.51% from the stock’s current price.

Several other analysts have also recently commented on WELL. Bank of America boosted their price target on shares of Welltower from $221.00 to $242.00 and gave the stock a “buy” rating in a research note on Tuesday, February 18th. Raymond James boosted their price objective on Welltower from $145.00 to $155.00 and gave the stock a “strong-buy” rating in a research note on Monday, December 16th. Jefferies Financial Group raised Welltower from a “hold” rating to a “buy” rating and boosted their target price for the company from $132.00 to $147.00 in a research report on Thursday, January 2nd. Mizuho increased their price objective on Welltower from $136.00 to $141.00 and gave the stock an “outperform” rating in a research note on Thursday, December 5th. Finally, Royal Bank of Canada upgraded Welltower from a “sector perform” rating to an “outperform” rating and upped their target price for the stock from $146.00 to $168.00 in a report on Friday, February 28th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, ten have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $150.19.

Welltower Stock Performance

NYSE:WELL traded down $3.17 on Monday, hitting $144.29. The stock had a trading volume of 239,985 shares, compared to its average volume of 2,701,070. Welltower has a 52-week low of $87.87 and a 52-week high of $158.55. The business’s 50-day simple moving average is $138.99 and its two-hundred day simple moving average is $132.86. The company has a quick ratio of 4.22, a current ratio of 4.22 and a debt-to-equity ratio of 0.48. The stock has a market cap of $92.53 billion, a price-to-earnings ratio of 92.45, a price-to-earnings-growth ratio of 2.87 and a beta of 1.20.

Welltower (NYSE:WELL) last released its earnings results on Tuesday, February 11th. The real estate investment trust reported $1.13 EPS for the quarter, topping analysts’ consensus estimates of $0.40 by $0.73. Welltower had a net margin of 11.91% and a return on equity of 3.15%. As a group, research analysts predict that Welltower will post 4.88 earnings per share for the current year.

Institutional Investors Weigh In On Welltower

A number of large investors have recently modified their holdings of WELL. Geller Advisors LLC raised its position in Welltower by 3.7% in the fourth quarter. Geller Advisors LLC now owns 1,911 shares of the real estate investment trust’s stock valued at $241,000 after purchasing an additional 69 shares during the period. Mather Group LLC. lifted its stake in Welltower by 3.8% during the 4th quarter. Mather Group LLC. now owns 2,053 shares of the real estate investment trust’s stock worth $259,000 after acquiring an additional 75 shares in the last quarter. Childress Capital Advisors LLC grew its stake in shares of Welltower by 3.7% in the fourth quarter. Childress Capital Advisors LLC now owns 2,152 shares of the real estate investment trust’s stock worth $271,000 after acquiring an additional 76 shares in the last quarter. Woodmont Investment Counsel LLC boosted its holdings in Welltower by 3.8% in the fourth quarter. Woodmont Investment Counsel LLC now owns 2,213 shares of the real estate investment trust’s stock valued at $279,000 after purchasing an additional 81 shares in the last quarter. Finally, Wealthspire Advisors LLC increased its position in shares of Welltower by 2.5% during the fourth quarter. Wealthspire Advisors LLC now owns 3,451 shares of the real estate investment trust’s stock worth $435,000 after purchasing an additional 83 shares in the last quarter. Hedge funds and other institutional investors own 94.80% of the company’s stock.

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.