Welltower (NYSE:WELL) Upgraded by StockNews.com to “Hold” Rating

Welltower (NYSE:WELL) was upgraded by stock analysts at StockNews.com from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Wednesday.

WELL has been the subject of a number of other research reports. Scotiabank lifted their price objective on Welltower from $121.00 to $133.00 and gave the company a “sector outperform” rating in a research note on Monday, September 23rd. Royal Bank of Canada boosted their price target on Welltower from $101.00 to $114.00 and gave the company a “sector perform” rating in a report on Friday, August 9th. Wedbush raised their price objective on shares of Welltower from $100.00 to $120.00 and gave the stock a “neutral” rating in a research note on Monday, August 5th. Wolfe Research raised shares of Welltower to a “strong-buy” rating in a report on Friday, August 9th. Finally, KeyCorp increased their price target on shares of Welltower from $95.00 to $115.00 and gave the stock an “overweight” rating in a report on Tuesday, July 2nd. Five investment analysts have rated the stock with a hold rating, seven have issued a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $115.38.

Welltower Stock Performance

Shares of Welltower stock traded up $1.14 on Wednesday, reaching $138.48. 3,679,246 shares of the stock were exchanged, compared to its average volume of 2,684,041. The business has a 50 day moving average price of $126.79 and a two-hundred day moving average price of $111.90. The firm has a market capitalization of $82.80 billion, a price-to-earnings ratio of 170.96, a PEG ratio of 2.91 and a beta of 1.21. Welltower has a twelve month low of $82.54 and a twelve month high of $139.80. The company has a quick ratio of 4.07, a current ratio of 4.07 and a debt-to-equity ratio of 0.47.

Welltower (NYSE:WELL) last released its quarterly earnings data 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 2.21% and a net margin of 8.36%. The business had revenue of $2.06 billion during the quarter, compared to analyst estimates of $1.95 billion. During the same quarter in the previous year, the company earned $0.92 EPS. The firm’s revenue was up 23.7% compared to the same quarter last year. Analysts anticipate that Welltower will post 4.19 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Welltower

Several hedge funds and other institutional investors have recently made changes to their positions in WELL. First Foundation Advisors acquired a new position in shares of Welltower during the 2nd quarter worth approximately $26,000. TruNorth Capital Management LLC purchased a new stake in Welltower in the 2nd quarter valued at $27,000. Meeder Asset Management Inc. acquired a new stake in shares of Welltower in the 2nd quarter worth $30,000. Manchester Capital Management LLC raised its holdings in shares of 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 during the period. Finally, Centerpoint Advisors LLC acquired a new position in shares of Welltower during the 2nd quarter valued at about $31,000. 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.