Welltower (NYSE:WELL – Get Rating) has been assigned a $99.00 price target by analysts at Evercore ISI in a research report issued to clients and investors on Monday, Stock Target Advisor reports. Evercore ISI’s price target would suggest a potential upside of 27.50% from the company’s previous close.
Other equities research analysts have also issued research reports about the company. KeyCorp upped their target price on Welltower from $96.00 to $98.00 and gave the company an “overweight” rating in a research note on Friday, April 1st. Mizuho upped their target price on Welltower from $94.00 to $96.00 and gave the company a “buy” rating in a research note on Monday, March 21st. Deutsche Bank Aktiengesellschaft upped their target price on Welltower from $103.00 to $108.00 in a research note on Wednesday, April 27th. Scotiabank raised Welltower from a “sector perform” rating to a “sector outperform” rating and set a $110.00 price target on the stock in a research note on Monday, April 4th. Finally, Raymond James increased their price target on Welltower from $100.00 to $105.00 and gave the stock a “strong-buy” rating in a research note on Friday, March 18th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Welltower currently has an average rating of “Buy” and a consensus price target of $99.00.
Shares of NYSE:WELL traded down $0.05 during trading on Monday, hitting $77.65. 171,668 shares of the stock were exchanged, compared to its average volume of 2,432,279. The company has a fifty day moving average price of $89.32 and a two-hundred day moving average price of $87.66. The company has a market cap of $35.25 billion, a PE ratio of 103.53, a P/E/G ratio of 3.52 and a beta of 0.98. The company has a current ratio of 2.13, a quick ratio of 2.13 and a debt-to-equity ratio of 0.78. Welltower has a 12-month low of $76.56 and a 12-month high of $99.43.
Hedge funds have recently added to or reduced their stakes in the company. Oliver Lagore Vanvalin Investment Group acquired a new stake in Welltower in the 1st quarter valued at $51,000. Mirae Asset Global Investments Co. Ltd. increased its holdings in Welltower by 28.2% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 74,823 shares of the real estate investment trust’s stock valued at $7,194,000 after purchasing an additional 16,436 shares in the last quarter. M Holdings Securities Inc. acquired a new stake in Welltower in the 1st quarter valued at $1,795,000. Advisory Services Network LLC increased its holdings in Welltower by 10.1% in the 1st quarter. Advisory Services Network LLC now owns 3,570 shares of the real estate investment trust’s stock valued at $344,000 after purchasing an additional 327 shares in the last quarter. Finally, Neuberger Berman Group LLC increased its holdings in Welltower by 4.5% in the 1st quarter. Neuberger Berman Group LLC now owns 1,321,492 shares of the real estate investment trust’s stock valued at $127,058,000 after purchasing an additional 57,090 shares in the last quarter. Institutional investors and hedge funds own 93.79% of the company’s stock.
About Welltower (Get Rating)
Welltower Inc (NYSE:WELL), 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.
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