Welltower (NYSE:WELL) Upgraded by StockNews.com to “Hold” Rating

Welltower (NYSE:WELL) was upgraded by StockNews.com from a “sell” rating to a “hold” rating in a note issued to investors on Tuesday.

Other equities research analysts have also recently issued research reports about the company. Mizuho upped their price target on Welltower from $141.00 to $170.00 and gave the stock an “outperform” rating in a report on Tuesday. Scotiabank upped their price target on Welltower from $165.00 to $166.00 and gave the stock a “sector outperform” rating in a report on Thursday, March 6th. Bank of America upped their price target on Welltower from $221.00 to $242.00 and gave the stock a “buy” rating in a report on Tuesday, February 18th. Jefferies Financial Group upgraded Welltower from a “hold” rating to a “buy” rating and upped their price target for the stock from $132.00 to $147.00 in a report on Thursday, January 2nd. Finally, Wedbush upgraded Welltower from a “neutral” rating to an “outperform” rating and upped their price target for the stock from $145.00 to $167.00 in a report on Friday, February 14th. Three analysts have rated the stock with a hold rating, ten have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $152.42.

Welltower Stock Performance

NYSE WELL traded down $1.34 on Tuesday, hitting $149.92. 2,837,985 shares of the company’s stock were exchanged, compared to its average volume of 2,571,060. The company has a debt-to-equity ratio of 0.48, a current ratio of 4.22 and a quick ratio of 4.22. The firm’s 50-day moving average price is $142.19 and its two-hundred day moving average price is $134.25. Welltower has a fifty-two week low of $87.87 and a fifty-two week high of $158.55. The firm has a market cap of $96.14 billion, a price-to-earnings ratio of 96.10, a P/E/G ratio of 2.87 and a beta of 1.20.

Welltower (NYSE:WELL) last released its earnings results on Tuesday, February 11th. The real estate investment trust reported $1.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.40 by $0.73. Welltower had a return on equity of 3.15% and a net margin of 11.91%. On average, research analysts expect that Welltower will post 4.88 EPS for the current year.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the business. Geller Advisors LLC raised its position in shares of Welltower by 3.7% in the 4th quarter. Geller Advisors LLC now owns 1,911 shares of the real estate investment trust’s stock worth $241,000 after buying an additional 69 shares during the period. Mather Group LLC. raised its position in shares of Welltower by 3.8% in the 4th quarter. Mather Group LLC. now owns 2,053 shares of the real estate investment trust’s stock worth $259,000 after buying an additional 75 shares during the period. Childress Capital Advisors LLC raised its position in shares of Welltower by 3.7% in the 4th quarter. Childress Capital Advisors LLC now owns 2,152 shares of the real estate investment trust’s stock worth $271,000 after buying an additional 76 shares during the period. Woodmont Investment Counsel LLC raised its position in shares of Welltower by 3.8% in the 4th quarter. Woodmont Investment Counsel LLC now owns 2,213 shares of the real estate investment trust’s stock worth $279,000 after buying an additional 81 shares during the period. Finally, Wealthspire Advisors LLC raised its position in shares of Welltower by 2.5% in the 4th quarter. Wealthspire Advisors LLC now owns 3,451 shares of the real estate investment trust’s stock worth $435,000 after buying an additional 83 shares during the period. Hedge funds and other institutional investors own 94.80% of the company’s stock.

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.