Welltower Inc. (NYSE:WELL) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Welltower Inc. (NYSE:WELL) has been given an average recommendation of “Moderate Buy” by the fourteen analysts that are covering the company, Marketbeat.com reports. Four investment analysts have rated the stock with a hold rating, eight have given a buy rating and two have issued a strong buy rating on the company. The average 1-year price target among brokers that have covered the stock in the last year is $134.96.

WELL has been the topic of several research reports. Scotiabank upped their price target on shares of Welltower from $142.00 to $144.00 and gave the company a “sector outperform” rating in a research note on Monday. Mizuho increased their price objective on shares of Welltower from $136.00 to $141.00 and gave the stock an “outperform” rating in a research note on Thursday, December 5th. Jefferies Financial Group upgraded shares of Welltower from a “hold” rating to a “buy” rating and increased their price objective for the stock from $132.00 to $147.00 in a research note on Thursday, January 2nd. StockNews.com upgraded shares of Welltower from a “sell” rating to a “hold” rating in a research note on Wednesday, October 30th. Finally, Bank of America increased their price objective on shares of Welltower from $190.00 to $221.00 and gave the stock a “buy” rating in a research note on Friday, January 24th.

Welltower Trading Up 1.6 %

WELL stock opened at $137.08 on Friday. The company has a debt-to-equity ratio of 0.51, a quick ratio of 4.10 and a current ratio of 4.10. The company’s 50-day simple moving average is $130.08 and its 200 day simple moving average is $126.05. Welltower has a 52 week low of $85.40 and a 52 week high of $140.75. The company has a market capitalization of $85.36 billion, a PE ratio of 90.19, a price-to-earnings-growth ratio of 2.64 and a beta of 1.22.

Welltower (NYSE:WELL) last released its quarterly earnings results on Monday, October 28th. The real estate investment trust reported $0.73 EPS for the quarter, missing the consensus estimate of $1.04 by ($0.31). Welltower had a net margin of 12.22% and a return on equity of 3.20%. The business had revenue of $2.06 billion during the quarter, compared to analyst estimates of $1.95 billion. During the same quarter last year, the company posted $0.92 earnings per share. The company’s revenue was up 23.7% on a year-over-year basis. As a group, sell-side analysts anticipate that Welltower will post 4.3 earnings per share for the current year.

Institutional Investors Weigh In On Welltower

Hedge funds have recently made changes to their positions in the stock. Mather Group LLC. raised its holdings in Welltower by 3.8% in the 4th quarter. Mather Group LLC. now owns 2,053 shares of the real estate investment trust’s stock valued at $259,000 after buying an additional 75 shares during the last quarter. Childress Capital Advisors LLC raised its holdings in Welltower by 3.7% in the 4th quarter. Childress Capital Advisors LLC now owns 2,152 shares of the real estate investment trust’s stock valued at $271,000 after buying an additional 76 shares during the last quarter. Fortitude Family Office LLC raised its holdings in Welltower by 37.0% in the 3rd quarter. Fortitude Family Office LLC now owns 289 shares of the real estate investment trust’s stock valued at $37,000 after buying an additional 78 shares during the last quarter. Old North State Wealth Management LLC raised its holdings in Welltower by 0.6% in the 3rd quarter. Old North State Wealth Management LLC now owns 12,864 shares of the real estate investment trust’s stock valued at $1,648,000 after buying an additional 78 shares during the last quarter. Finally, Frank Rimerman Advisors LLC raised its holdings in Welltower by 0.9% in the 3rd quarter. Frank Rimerman Advisors LLC now owns 9,617 shares of the real estate investment trust’s stock valued at $1,231,000 after buying an additional 82 shares during the last quarter. 94.80% of the stock is currently owned by institutional investors and hedge funds.

About Welltower

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.