Welltower (NYSE:WELL) Releases Quarterly Earnings Results

Welltower (NYSE:WELL) released its quarterly earnings results on Tuesday. The real estate investment trust reported $1.13 EPS for the quarter, beating the consensus estimate 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 Performance

Shares of NYSE WELL traded up $0.29 during midday trading on Tuesday, reaching $143.40. 2,383,947 shares of the stock were exchanged, compared to its average volume of 2,471,382. The firm has a 50-day simple moving average of $130.52 and a two-hundred day simple moving average of $128.04. Welltower has a twelve month low of $85.40 and a twelve month high of $143.84. The firm has a market cap of $89.29 billion, a price-to-earnings ratio of 94.34, a PEG ratio of 2.83 and a beta of 1.23. The company has a quick ratio of 4.10, a current ratio of 4.10 and a debt-to-equity ratio of 0.51.

Analysts Set New Price Targets

Several equities analysts recently commented on WELL shares. Raymond James increased their price objective on shares of Welltower from $145.00 to $155.00 and gave the company a “strong-buy” rating in a research report on Monday, December 16th. StockNews.com raised shares of Welltower from a “sell” rating to a “hold” rating in a research report on Wednesday, October 30th. Jefferies Financial Group raised shares of Welltower from a “hold” rating to a “buy” rating and increased their price objective for the company from $132.00 to $147.00 in a research report on Thursday, January 2nd. Mizuho increased their price objective on shares of Welltower from $136.00 to $141.00 and gave the company an “outperform” rating in a research report on Thursday, December 5th. Finally, Bank of America increased their price objective on shares of Welltower from $190.00 to $221.00 and gave the company a “buy” rating in a research report on Friday, January 24th. Five equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $134.96.

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.