Welltower (NYSE:WELL) Stock Price Expected to Rise, Evercore ISI Analyst Says

Welltower (NYSE:WELL) had its target price boosted by analysts at Evercore ISI from $145.00 to $157.00 in a research report issued on Thursday,Benzinga reports. The brokerage currently has an “in-line” rating on the real estate investment trust’s stock. Evercore ISI’s price target would indicate a potential upside of 4.33% from the stock’s current price.

WELL has been the topic of several other reports. Royal Bank of Canada upgraded Welltower from a “sector perform” rating to an “outperform” rating and boosted their price objective for the company from $146.00 to $168.00 in a research report on Friday, February 28th. Wells Fargo & Company reissued an “equal weight” rating on shares of Welltower in a report on Thursday, April 17th. Scotiabank increased their price objective on shares of Welltower from $165.00 to $166.00 and gave the company a “sector outperform” rating in a report on Thursday, March 6th. Wedbush reissued an “underperform” rating on shares of Welltower in a report on Thursday, April 17th. Finally, Bank of America raised their target price on shares of Welltower from $221.00 to $242.00 and gave the company a “buy” rating in a research note on Tuesday, February 18th. Two analysts have rated the stock with a sell rating, two have issued a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $157.46.

Welltower Stock Up 0.1 %

WELL stock opened at $150.48 on Thursday. The business’s 50-day moving average price is $148.06 and its 200-day moving average price is $139.08. The stock has a market cap of $98.04 billion, a P/E ratio of 96.46, a PEG ratio of 2.87 and a beta of 0.93. The company has a quick ratio of 4.22, a current ratio of 4.22 and a debt-to-equity ratio of 0.48. Welltower has a twelve month low of $94.66 and a twelve month high of $158.55.

Welltower (NYSE:WELL) last issued its quarterly earnings results on Monday, April 28th. The real estate investment trust reported $1.20 earnings per share for the quarter, beating the consensus estimate of $1.15 by $0.05. The business had revenue of $2.42 billion for the quarter, compared to the consensus estimate of $2.40 billion. Welltower had a net margin of 11.91% and a return on equity of 3.15%. The company’s revenue for the quarter was up 30.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.01 earnings per share. On average, equities research analysts forecast that Welltower will post 4.88 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. Barclays PLC grew its holdings in Welltower by 29.2% during the 3rd quarter. Barclays PLC now owns 1,684,446 shares of the real estate investment trust’s stock valued at $215,659,000 after purchasing an additional 380,888 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new position in shares of Welltower during the third quarter valued at approximately $337,000. Tidal Investments LLC grew its stake in shares of Welltower by 46.2% during the third quarter. Tidal Investments LLC now owns 21,016 shares of the real estate investment trust’s stock valued at $2,691,000 after buying an additional 6,639 shares during the last quarter. Synovus Financial Corp raised its holdings in shares of Welltower by 51.3% in the third quarter. Synovus Financial Corp now owns 3,326 shares of the real estate investment trust’s stock worth $426,000 after buying an additional 1,128 shares during the period. Finally, Franklin Resources Inc. boosted its holdings in Welltower by 3.2% during the 3rd quarter. Franklin Resources Inc. now owns 391,264 shares of the real estate investment trust’s stock valued at $49,925,000 after acquiring an additional 12,265 shares during the period. 94.80% of the stock is owned by hedge funds and other institutional investors.

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.