Welltower Inc. (NYSE:WELL) Receives Average Rating of “Moderate Buy” from Brokerages

Shares of Welltower Inc. (NYSE:WELL) have earned an average rating of “Moderate Buy” from the fifteen ratings firms that are presently covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation, eleven have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $204.80.

A number of equities research analysts recently issued reports on WELL shares. JPMorgan Chase & Co. restated a “neutral” rating and issued a $205.00 target price on shares of Welltower in a report on Thursday, December 18th. Loop Capital set a $196.00 price objective on shares of Welltower in a research note on Wednesday, October 29th. Wall Street Zen upgraded Welltower from a “sell” rating to a “hold” rating in a report on Friday, January 23rd. Cantor Fitzgerald reiterated an “overweight” rating and issued a $204.00 target price on shares of Welltower in a report on Monday, January 5th. Finally, National Bankshares set a $246.00 price target on Welltower in a research report on Friday, October 17th.

Institutional Trading of Welltower

A number of institutional investors and hedge funds have recently bought and sold shares of WELL. Brighton Jones LLC grew its stake in Welltower by 7.1% during the fourth quarter. Brighton Jones LLC now owns 4,185 shares of the real estate investment trust’s stock worth $527,000 after buying an additional 279 shares during the period. Empowered Funds LLC boosted its position in Welltower by 31.7% during the 1st quarter. Empowered Funds LLC now owns 14,790 shares of the real estate investment trust’s stock worth $2,266,000 after purchasing an additional 3,564 shares during the period. Sivia Capital Partners LLC increased its holdings in Welltower by 7.1% in the 2nd quarter. Sivia Capital Partners LLC now owns 1,910 shares of the real estate investment trust’s stock valued at $294,000 after purchasing an additional 127 shares in the last quarter. Grimes & Company Inc. acquired a new stake in Welltower in the 2nd quarter valued at $420,000. Finally, DAVENPORT & Co LLC raised its position in Welltower by 24.8% in the second quarter. DAVENPORT & Co LLC now owns 5,957 shares of the real estate investment trust’s stock valued at $916,000 after purchasing an additional 1,182 shares during the period. Institutional investors and hedge funds own 94.80% of the company’s stock.

Welltower Price Performance

Shares of NYSE:WELL opened at $185.52 on Thursday. The company has a market cap of $127.33 billion, a P/E ratio of 127.94, a P/E/G ratio of 1.30 and a beta of 0.85. The business has a fifty day simple moving average of $189.88 and a 200-day simple moving average of $179.65. Welltower has a 52 week low of $130.29 and a 52 week high of $209.05. The company has a quick ratio of 5.47, a current ratio of 5.47 and a debt-to-equity ratio of 0.43.

Welltower Company Profile

Welltower Inc (NYSE: WELL) is a real estate investment trust (REIT) that acquires and manages real estate serving the health care industry. The company specializes in healthcare infrastructure, owning and operating a diversified portfolio of senior housing, post-acute and long-term care communities, and outpatient medical properties. Welltower’s assets are designed to support the delivery of health care services through a combination of leased properties, joint ventures, and other capital arrangements with health care operators and providers.

The company’s property types include assisted living, memory care, independent living and skilled nursing facilities, as well as medical office buildings and other outpatient-care real estate such as ambulatory surgery centers and specialty clinics.