JPMorgan Chase reiterated their neutral rating on shares of Welltower (NYSE:WELL) in a research report sent to investors on Friday, March 16th. JPMorgan Chase currently has a $67.00 price objective on the real estate investment trust’s stock, down from their previous price objective of $71.00.
Several other research firms have also weighed in on WELL. SunTrust Banks set a $66.00 price objective on shares of Welltower and gave the stock a hold rating in a report on Monday, January 22nd. TheStreet lowered shares of Welltower from a b- rating to a c+ rating in a report on Thursday, February 8th. Royal Bank of Canada set a $62.00 price target on shares of Welltower and gave the company a hold rating in a report on Monday, February 26th. Stephens set a $70.00 price target on shares of Welltower and gave the company a buy rating in a report on Friday, January 12th. Finally, Bank of America lowered their price target on shares of Welltower from $67.00 to $58.00 and set a neutral rating for the company in a report on Thursday, March 8th. Three equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and four have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and a consensus target price of $64.77.
WELL traded up $0.28 during midday trading on Friday, reaching $55.01. 2,814,139 shares of the company’s stock were exchanged, compared to its average volume of 2,457,215. The stock has a market cap of $20,445.51, a price-to-earnings ratio of 13.07, a P/E/G ratio of 2.33 and a beta of 0.20. The company has a quick ratio of 1.85, a current ratio of 1.85 and a debt-to-equity ratio of 0.83. Welltower has a one year low of $51.63 and a one year high of $78.17.
Welltower (NYSE:WELL) last announced its quarterly earnings results on Thursday, February 22nd. The real estate investment trust reported $1.02 EPS for the quarter, missing analysts’ consensus estimates of $1.04 by ($0.02). The business had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.09 billion. Welltower had a return on equity of 4.35% and a net margin of 12.13%. The firm’s revenue for the quarter was up 2.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.91 EPS. equities research analysts expect that Welltower will post 4.03 EPS for the current fiscal year.
In related news, Director Gary Whitelaw acquired 1,862 shares of the business’s stock in a transaction that occurred on Monday, February 26th. The shares were acquired at an average cost of $53.61 per share, with a total value of $99,821.82. Following the transaction, the director now owns 5,843 shares of the company’s stock, valued at approximately $313,243.23. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Kenneth J. Bacon acquired 600 shares of the business’s stock in a transaction that occurred on Thursday, March 15th. The stock was bought at an average cost of $53.63 per share, for a total transaction of $32,178.00. The disclosure for this purchase can be found here. Company insiders own 0.17% of the company’s stock.
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Welltower Inc (NYSE:HCN), 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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