Evercore ISI Analysts Give Welltower (NYSE:WELL) a $99.00 Price Target

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.

Welltower (NYSE:WELL – Get Rating) last posted its earnings results on Tuesday, May 10th. The real estate investment trust reported $0.14 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.82 by ($0.68). Welltower had a net margin of 6.42% and a return on equity of 1.81%. The company had revenue of $1.40 billion during the quarter, compared to analysts’ expectations of $1.38 billion. During the same period in the previous year, the company posted $0.80 EPS. Welltower’s quarterly revenue was up 32.7% compared to the same quarter last year. Equities research analysts anticipate that Welltower will post 3.52 earnings per share for the current fiscal year.

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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