Welltower (NYSE:WELL) Upgraded by Wall Street Zen to “Hold” Rating

Welltower (NYSE:WELL) was upgraded by analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a research report issued on Saturday.

Several other brokerages have also issued reports on WELL. Cantor Fitzgerald lifted their price objective on shares of Welltower from $195.00 to $200.00 and gave the company an “overweight” rating in a report on Tuesday, October 28th. UBS Group set a $203.00 price target on Welltower in a report on Wednesday, October 29th. Scotiabank upped their price objective on Welltower from $182.00 to $214.00 and gave the stock a “sector outperform” rating in a research note on Thursday, November 13th. Loop Capital set a $196.00 price objective on Welltower in a research report on Wednesday, October 29th. Finally, Morgan Stanley lifted their target price on Welltower from $170.00 to $200.00 and gave the company an “overweight” rating in a research note on Thursday. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $192.73.

Welltower Stock Performance

WELL stock opened at $199.90 on Friday. Welltower has a 1-year low of $123.11 and a 1-year high of $201.42. The business has a 50-day moving average price of $178.94 and a 200 day moving average price of $165.17. The company has a market capitalization of $137.20 billion, a P/E ratio of 137.86, a PEG ratio of 1.93 and a beta of 0.92. The company has a debt-to-equity ratio of 0.43, a current ratio of 5.47 and a quick ratio of 4.19.

Welltower (NYSE:WELL) last issued its earnings results on Monday, October 27th. The real estate investment trust reported $1.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.30 by $0.04. Welltower had a net margin of 9.69% and a return on equity of 2.71%. The company had revenue of $2.69 billion for the quarter, compared to analysts’ expectations of $2.70 billion. During the same period in the prior year, the business earned $1.11 EPS. The firm’s quarterly revenue was up 30.7% on a year-over-year basis. Welltower has set its FY 2025 guidance at 5.240-5.300 EPS. As a group, equities research analysts forecast that Welltower will post 4.88 EPS for the current fiscal year.

Hedge Funds Weigh In On Welltower

Hedge funds and other institutional investors have recently modified their holdings of the stock. Hager Investment Management Services LLC grew its position in Welltower by 84.4% during the 3rd quarter. Hager Investment Management Services LLC now owns 142 shares of the real estate investment trust’s stock worth $25,000 after purchasing an additional 65 shares during the last quarter. SouthState Corp lifted its stake in shares of Welltower by 704.8% during the first quarter. SouthState Corp now owns 169 shares of the real estate investment trust’s stock worth $26,000 after buying an additional 148 shares during the period. Wealth Preservation Advisors LLC purchased a new stake in shares of Welltower during the first quarter valued at $27,000. N.E.W. Advisory Services LLC purchased a new stake in shares of Welltower during the first quarter valued at $32,000. Finally, Quarry LP acquired a new position in shares of Welltower in the 3rd quarter valued at $33,000. 94.80% of the stock is owned by hedge funds and other institutional investors.

Welltower Company Profile

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.