Welltower (NYSE:WELL) Price Target Raised to $142.00 at Scotiabank

Welltower (NYSE:WELL) had its price target upped by research analysts at Scotiabank from $133.00 to $142.00 in a research report issued to clients and investors on Monday,Benzinga reports. The firm currently has a “sector outperform” rating on the real estate investment trust’s stock. Scotiabank’s price target would suggest a potential upside of 4.60% from the stock’s current price.

A number of other research analysts have also recently weighed in on the stock. Evercore ISI boosted their target price on shares of Welltower from $106.00 to $114.00 and gave the company an “in-line” rating in a research note on Monday, September 16th. Wedbush increased their price objective on Welltower from $100.00 to $120.00 and gave the company a “neutral” rating in a report on Monday, August 5th. Deutsche Bank Aktiengesellschaft boosted their target price on Welltower from $115.00 to $137.00 and gave the company a “buy” rating in a research note on Wednesday, August 21st. Wells Fargo & Company reissued an “equal weight” rating and issued a $135.00 price objective (up previously from $134.00) on shares of Welltower in a report on Tuesday, October 1st. Finally, Royal Bank of Canada boosted their price objective on Welltower from $101.00 to $114.00 and gave the company a “sector perform” rating in a research note on Friday, August 9th. Five analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $117.50.

Welltower Stock Down 1.6 %

Shares of NYSE:WELL traded down $2.16 during midday trading on Monday, hitting $135.75. 9,395,877 shares of the company’s stock were exchanged, compared to its average volume of 2,689,375. Welltower has a 12 month low of $85.40 and a 12 month high of $140.19. The company has a market cap of $84.53 billion, a PE ratio of 89.31, a price-to-earnings-growth ratio of 3.09 and a beta of 1.20. 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 stock has a 50 day moving average price of $131.10 and a 200-day moving average price of $117.11.

Welltower (NYSE:WELL) last released its quarterly earnings results on Monday, October 28th. The real estate investment trust reported $0.73 EPS for the quarter, missing analysts’ consensus estimates of $1.04 by ($0.31). The company had revenue of $2.06 billion during the quarter, compared to analysts’ expectations of $1.95 billion. Welltower had a net margin of 12.22% and a return on equity of 3.20%. The company’s quarterly revenue was up 23.7% compared to the same quarter last year. During the same period in the previous year, the company posted $0.92 earnings per share. On average, sell-side analysts anticipate that Welltower will post 4.3 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. First Foundation Advisors bought a new stake in Welltower during the second quarter worth about $26,000. TruNorth Capital Management LLC bought a new position in shares of Welltower during the second quarter valued at $27,000. Meeder Asset Management Inc. purchased a new position in shares of Welltower in the 2nd quarter worth about $30,000. Fortitude Family Office LLC boosted its stake in Welltower by 37.0% in the 3rd quarter. Fortitude Family Office LLC now owns 289 shares of the real estate investment trust’s stock worth $37,000 after purchasing an additional 78 shares in the last quarter. Finally, Centerpoint Advisors LLC purchased a new stake in Welltower during the 2nd quarter valued at about $31,000. Institutional investors own 94.80% of the company’s stock.

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.