Welltower (NYSE:WELL) had its price target boosted by Citigroup to $62.00 in a research report released on Wednesday. The firm currently has a positive rating on the real estate investment trust’s stock.
Several other research firms have also recently weighed in on WELL. Raymond James upgraded shares of Welltower to an outperform rating in a research report on Friday, June 1st. Hilliard Lyons raised shares of Welltower from an underperform rating to a neutral rating in a research note on Friday, April 27th. BMO Capital Markets raised shares of Welltower from an underperform rating to a market perform rating and set a $55.00 target price on the stock in a research note on Friday, May 18th. ValuEngine lowered shares of Welltower from a buy rating to a hold rating in a research note on Tuesday, April 3rd. Finally, Bank of America cut their target price on shares of Welltower from $67.00 to $58.00 and set a neutral rating on the stock in a research note on Thursday, March 8th. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and six have given a buy rating to the stock. Welltower presently has an average rating of Hold and a consensus target price of $62.86.
WELL opened at $62.69 on Wednesday. Welltower has a twelve month low of $49.58 and a twelve month high of $75.91. The company has a quick ratio of 1.75, a current ratio of 1.75 and a debt-to-equity ratio of 0.79. The firm has a market cap of $22.29 billion, a PE ratio of 14.89, a PEG ratio of 2.51 and a beta of 0.23.
Welltower (NYSE:WELL) last posted its quarterly earnings data on Thursday, April 26th. The real estate investment trust reported $1.17 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.00 by $0.17. Welltower had a net margin of 14.60% and a return on equity of 5.13%. The company had revenue of $1.10 billion during the quarter, compared to analysts’ expectations of $1.09 billion. During the same period in the prior year, the company posted $1.05 earnings per share. Welltower’s revenue for the quarter was up 3.3% compared to the same quarter last year. research analysts anticipate that Welltower will post 4.01 earnings per share for the current fiscal year.
In other Welltower news, Director Gary Whitelaw acquired 925 shares of the company’s stock in a transaction on Tuesday, May 1st. The shares were purchased at an average cost of $54.18 per share, with a total value of $50,116.50. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.17% of the stock is currently owned by company insiders.
Institutional investors have recently added to or reduced their stakes in the business. Synovus Financial Corp bought a new position in shares of Welltower during the first quarter valued at about $107,000. Motco bought a new position in shares of Welltower during the first quarter valued at about $114,000. Smithfield Trust Co. bought a new position in shares of Welltower during the first quarter valued at about $115,000. Pittenger & Anderson Inc. bought a new position in shares of Welltower during the first quarter valued at about $118,000. Finally, Atlantic Trust Group LLC bought a new position in shares of Welltower during the first quarter valued at about $124,000. 83.85% of the stock is currently owned by hedge funds and other institutional investors.
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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