Welltower (WELL) Upgraded at BMO Capital Markets

Welltower (NYSE:WELL) was upgraded by equities research analysts at BMO Capital Markets from an “underperform” rating to a “market perform” rating in a report issued on Friday, The Fly reports.

Other research analysts also recently issued reports about the company. Stephens reissued a “buy” rating and issued a $61.00 price objective on shares of Welltower in a research note on Tuesday, February 27th. SunTrust Banks set a $58.00 price objective on Welltower and gave the company a “hold” rating in a research note on Friday, February 23rd. ValuEngine downgraded Welltower from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. Bank of America dropped their price objective on Welltower from $67.00 to $58.00 and set a “neutral” rating on the stock in a research note on Thursday, March 8th. Finally, JPMorgan Chase reissued a “neutral” rating and issued a $67.00 price objective (down from $71.00) on shares of Welltower in a research note on Friday, March 16th. Two analysts have rated the stock with a sell rating, twelve have assigned a hold rating and three have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $63.00.

Shares of Welltower opened at $53.93 on Friday, MarketBeat reports. The stock has a market capitalization of $20.40 billion, a PE ratio of 12.81, a price-to-earnings-growth ratio of 2.28 and a beta of 0.18. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.75 and a current ratio of 1.75. Welltower has a 1 year low of $54.67 and a 1 year high of $55.26.

Welltower (NYSE:WELL) last announced its quarterly earnings data on Thursday, April 26th. The real estate investment trust reported $1.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.00 by $0.17. The company had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.09 billion. Welltower had a return on equity of 5.13% and a net margin of 14.60%. The firm’s revenue was up 3.3% compared to the same quarter last year. During the same period in the previous year, the business earned $1.05 EPS. equities research analysts forecast that Welltower will post 4.02 EPS for the current fiscal year.

In other news, Director Kenneth J. Bacon purchased 600 shares of the company’s stock in a transaction that occurred on Thursday, March 15th. The shares were acquired at an average cost of $53.63 per share, with a total value of $32,178.00. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Gary Whitelaw purchased 925 shares of the company’s stock in a transaction that occurred on Tuesday, May 1st. The shares were purchased at an average cost of $54.18 per share, for a total transaction of $50,116.50. The disclosure for this purchase can be found here. Over the last ninety days, insiders have purchased 3,387 shares of company stock worth $182,116. 0.17% of the stock is owned by company insiders.

Hedge funds have recently bought and sold shares of the stock. Swiss National Bank acquired a new position in Welltower during the 1st quarter worth approximately $79,515,000. Brighton Jones LLC bought a new stake in Welltower during the 1st quarter worth approximately $254,000. CFO4Life Group LLC bought a new stake in Welltower during the 1st quarter worth approximately $224,000. Schwab Charles Investment Management Inc. bought a new stake in Welltower during the 1st quarter worth approximately $205,322,000. Finally, Stephens Inc. AR bought a new stake in Welltower during the 1st quarter worth approximately $7,184,000. 87.37% of the stock is currently owned by institutional investors and hedge funds.

About Welltower

Welltower Inc (NYSE:HCN), an S&P 500 company headquartered in Toledo, Ohio, is driving the transformation of health care infrastructure. The company 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.

The Fly

Analyst Recommendations for Welltower (NYSE:WELL)

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