Upgrades Welltower (NYSE:WELL) to “Hold”

Welltower (NYSE:WELLGet Free Report) was upgraded by stock analysts at from a “sell” rating to a “hold” rating in a report released on Wednesday.

A number of other research analysts also recently issued reports on the company. Mizuho upped their price target on Welltower from $98.00 to $105.00 and gave the company a “buy” rating in a report on Wednesday, May 8th. KeyCorp upped their price target on shares of Welltower from $95.00 to $115.00 and gave the company an “overweight” rating in a research report on Tuesday, July 2nd. Wells Fargo & Company raised their price objective on shares of Welltower from $107.00 to $111.00 and gave the stock an “overweight” rating in a report on Thursday, May 30th. BNP Paribas initiated coverage on shares of Welltower in a report on Monday, March 18th. They set an “outperform” rating and a $104.00 target price for the company. Finally, Scotiabank lifted their price target on shares of Welltower from $96.00 to $108.00 and gave the stock a “sector outperform” rating in a research note on Thursday, May 16th. Five analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $99.50.

Get Our Latest Research Report on WELL

Welltower Stock Down 0.3 %

NYSE WELL traded down $0.28 during trading hours on Wednesday, reaching $104.55. 2,447,569 shares of the company’s stock traded hands, compared to its average volume of 2,700,388. The firm has a market cap of $62.51 billion, a PE ratio of 129.07, a PEG ratio of 2.57 and a beta of 1.18. The company has a debt-to-equity ratio of 0.50, a current ratio of 3.83 and a quick ratio of 3.83. Welltower has a 52-week low of $77.90 and a 52-week high of $106.50. The firm has a 50-day simple moving average of $102.16 and a 200 day simple moving average of $94.86.

Welltower (NYSE:WELLGet Free Report) last posted its quarterly earnings data on Monday, April 29th. The real estate investment trust reported $0.22 earnings per share for the quarter, missing analysts’ consensus estimates of $0.94 by ($0.72). The company had revenue of $1.86 billion for the quarter, compared to the consensus estimate of $1.81 billion. Welltower had a net margin of 6.37% and a return on equity of 1.77%. The firm’s quarterly revenue was up 19.2% on a year-over-year basis. During the same period last year, the business earned $0.85 EPS. Sell-side analysts anticipate that Welltower will post 4.12 EPS for the current fiscal year.

Insider Activity

In other Welltower news, Director Kenneth J. Bacon sold 1,800 shares of the business’s stock in a transaction that occurred on Tuesday, June 4th. The stock was sold at an average price of $103.91, for a total transaction of $187,038.00. Following the sale, the director now directly owns 14,579 shares of the company’s stock, valued at $1,514,903.89. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.12% of the company’s stock.

Institutional Investors Weigh In On Welltower

Several institutional investors have recently made changes to their positions in the company. Bruce G. Allen Investments LLC purchased a new stake in shares of Welltower in the fourth quarter worth approximately $25,000. Rise Advisors LLC bought a new stake in Welltower during the 1st quarter valued at about $27,000. Manchester Capital Management LLC grew its stake in Welltower by 338.7% in 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 in the last quarter. Scarborough Advisors LLC purchased a new position in shares of Welltower during the fourth quarter worth approximately $35,000. Finally, Salem Investment Counselors Inc. boosted its holdings in shares of Welltower by 84.0% in the fourth quarter. Salem Investment Counselors Inc. now owns 425 shares of the real estate investment trust’s stock valued at $38,000 after purchasing an additional 194 shares during the period. Institutional investors own 94.80% of the company’s stock.

About Welltower

(Get Free Report)

Welltower Inc (NYSE:WELL), a 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 and infrastructure needed to scale innovative care delivery models and improve people's wellness and overall health care experience.

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Analyst Recommendations for Welltower (NYSE:WELL)

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