Welltower (NYSE:WELL) Issues Quarterly Earnings Results

Welltower (NYSE:WELL) posted its quarterly earnings results on Tuesday. The real estate investment trust reported $1.13 EPS for the quarter, topping the consensus estimate of $0.40 by $0.73, Zacks reports. Welltower had a return on equity of 3.20% and a net margin of 12.22%.

Welltower Trading Up 0.2 %

NYSE:WELL traded up $0.29 on Tuesday, reaching $143.40. 2,383,947 shares of the company’s stock were exchanged, compared to its average volume of 2,471,382. The company has a quick ratio of 4.10, a current ratio of 4.10 and a debt-to-equity ratio of 0.51. The firm has a market capitalization of $89.29 billion, a price-to-earnings ratio of 94.34, a price-to-earnings-growth ratio of 2.83 and a beta of 1.23. The business has a fifty day moving average of $130.52 and a 200-day moving average of $128.04. Welltower has a 52-week low of $85.40 and a 52-week high of $143.84.

Wall Street Analyst Weigh In

Several research firms have recently commented on WELL. Bank of America lifted their price target on Welltower from $190.00 to $221.00 and gave the stock a “buy” rating in a report on Friday, January 24th. Jefferies Financial Group upgraded Welltower from a “hold” rating to a “buy” rating and lifted their price target for the stock from $132.00 to $147.00 in a report on Thursday, January 2nd. Mizuho lifted their price target on Welltower from $136.00 to $141.00 and gave the stock an “outperform” rating in a report on Thursday, December 5th. Scotiabank lifted their price target on Welltower from $142.00 to $144.00 and gave the stock a “sector outperform” rating in a report on Monday, January 27th. Finally, StockNews.com upgraded Welltower from a “sell” rating to a “hold” rating in a report on Wednesday, October 30th. Five research analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, Welltower has a consensus rating of “Moderate Buy” and an average target price of $134.96.

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.