Wells Fargo & Company Reiterates “Equal Weight” Rating for Welltower (NYSE:WELL)

Welltower (NYSE:WELL)‘s stock had its “equal weight” rating reaffirmed by equities research analysts at Wells Fargo & Company in a research report issued to clients and investors on Tuesday, Benzinga reports. They presently have a $135.00 price target on the real estate investment trust’s stock, up from their previous price target of $134.00. Wells Fargo & Company‘s target price suggests a potential upside of 6.21% from the stock’s previous close.

WELL has been the topic of several other research reports. StockNews.com raised shares of Welltower from a “sell” rating to a “hold” rating in a research report on Saturday, August 3rd. Wedbush increased their price target on shares of Welltower from $100.00 to $120.00 and gave the company a “neutral” rating in a research note on Monday, August 5th. Wolfe Research raised shares of Welltower to a “strong-buy” rating in a research report on Friday, August 9th. Scotiabank increased their price objective on Welltower from $121.00 to $133.00 and gave the stock a “sector outperform” rating in a research report on Monday, September 23rd. Finally, Evercore ISI raised their target price on Welltower from $106.00 to $114.00 and gave the stock an “in-line” rating in a research note on Monday, September 16th. Five investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have assigned a strong buy rating to the 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 Down 0.4 %

WELL stock opened at $127.11 on Tuesday. The company has a current ratio of 4.07, a quick ratio of 4.07 and a debt-to-equity ratio of 0.47. The firm has a 50-day moving average of $120.79 and a two-hundred day moving average of $106.67. Welltower has a 12 month low of $78.38 and a 12 month high of $131.31. The company has a market cap of $76.00 billion, a price-to-earnings ratio of 156.93, a PEG ratio of 2.97 and a beta of 1.21.

Welltower (NYSE:WELL) last posted its quarterly earnings results on Monday, July 29th. The real estate investment trust reported $0.42 EPS for the quarter, beating the consensus estimate of $0.34 by $0.08. The firm had revenue of $1.82 billion during the quarter, compared to analysts’ expectations of $1.89 billion. Welltower had a return on equity of 2.21% and a net margin of 8.36%. The business’s revenue for the quarter was up 9.6% on a year-over-year basis. During the same quarter last year, the firm earned $0.90 earnings per share. As a group, analysts forecast that Welltower will post 4.19 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in WELL. Sanctuary Advisors LLC purchased a new stake in shares of Welltower during the second quarter worth $8,794,000. Teachers Retirement System of The State of Kentucky grew its stake in Welltower by 2.4% during the 2nd quarter. Teachers Retirement System of The State of Kentucky now owns 121,278 shares of the real estate investment trust’s stock worth $12,643,000 after purchasing an additional 2,878 shares in the last quarter. Cetera Investment Advisers grew its stake in Welltower by 4.3% during the 2nd quarter. Cetera Investment Advisers now owns 85,691 shares of the real estate investment trust’s stock worth $8,933,000 after purchasing an additional 3,517 shares in the last quarter. Point72 Asset Management L.P. purchased a new stake in Welltower during the 2nd quarter worth about $1,389,000. Finally, Quarry LP raised its position in Welltower by 198.4% in the 2nd quarter. Quarry LP now owns 1,710 shares of the real estate investment trust’s stock valued at $178,000 after purchasing an additional 1,137 shares in the last quarter. Hedge funds and other institutional investors own 94.80% of the company’s stock.

Welltower Company Profile

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.