Welltower (NYSE:WELL) Stock Rating Upgraded by StockNews.com

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

A number of other analysts also recently issued reports on the company. Wells Fargo & Company lifted their price target on Welltower from $140.00 to $158.00 and gave the stock an “equal weight” rating in a report on Monday, March 10th. Scotiabank boosted their target price on Welltower from $165.00 to $166.00 and gave the company a “sector outperform” rating in a report on Thursday, March 6th. Mizuho boosted their target price on Welltower from $141.00 to $170.00 and gave the company an “outperform” rating in a report on Tuesday. Bank of America boosted their target price on Welltower from $221.00 to $242.00 and gave the company a “buy” rating in a report on Tuesday, February 18th. Finally, Wedbush raised Welltower from a “neutral” rating to an “outperform” rating and boosted their target price for the company from $145.00 to $167.00 in a report on Friday, February 14th. Three research analysts have rated the stock with a hold rating, ten have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $152.42.

Welltower Stock Down 0.9 %

NYSE WELL traded down $1.34 during trading on Tuesday, reaching $149.92. 2,837,985 shares of the company’s stock were exchanged, compared to its average volume of 2,571,060. The stock has a market cap of $96.14 billion, a P/E ratio of 96.10, a price-to-earnings-growth ratio of 2.87 and a beta of 1.20. The company has a debt-to-equity ratio of 0.48, a quick ratio of 4.22 and a current ratio of 4.22. The company has a 50 day moving average price of $142.19 and a two-hundred day moving average price of $134.25. Welltower has a 1 year low of $87.87 and a 1 year high of $158.55.

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

Institutional Trading of Welltower

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Laurel Wealth Advisors LLC purchased a new stake in Welltower during the 4th quarter valued at approximately $25,000. Roxbury Financial LLC purchased a new stake in Welltower during the 4th quarter valued at approximately $26,000. Sierra Ocean LLC acquired a new position in Welltower during the 4th quarter worth approximately $28,000. Versant Capital Management Inc increased its position in Welltower by 165.5% during the 4th quarter. Versant Capital Management Inc now owns 300 shares of the real estate investment trust’s stock worth $38,000 after purchasing an additional 187 shares during the period. Finally, First Command Advisory Services Inc. acquired a new position in Welltower during the 4th quarter worth approximately $50,000. 94.80% of the stock is owned by hedge funds and other institutional investors.

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.