Welltower (NYSE:WELL) had its price objective lifted by Citigroup to $62.00 in a research report report published on Wednesday morning. The firm currently has a positive rating on the real estate investment trust’s stock.
Other equities research analysts have also recently issued reports about the stock. ValuEngine upgraded shares of Welltower from a hold rating to a buy rating in a research report on Wednesday, March 28th. Stephens restated a buy rating and set a $61.00 price objective on shares of Welltower in a research report on Tuesday, February 27th. Zacks Investment Research upgraded shares of Welltower from a sell rating to a hold rating in a research report on Friday, May 4th. BMO Capital Markets upgraded shares of Welltower from an underperform rating to a market perform rating and set a $55.00 price objective for the company in a research report on Friday, May 18th. Finally, JPMorgan Chase & Co. restated a neutral rating and set a $67.00 price objective (down from $71.00) on shares of Welltower in a research report on Friday, March 16th. Two analysts have rated the stock with a sell rating, eleven have given a hold rating and six have given a buy rating to the company. Welltower presently has a consensus rating of Hold and a consensus price target of $63.43.
Shares of Welltower opened at $59.91 on Wednesday, according to Marketbeat. The stock has a market capitalization of $22.11 billion, a PE ratio of 14.23, a price-to-earnings-growth ratio of 2.49 and a beta of 0.23. The company has a quick ratio of 1.75, a current ratio of 1.75 and a debt-to-equity ratio of 0.79. Welltower has a 52 week low of $49.58 and a 52 week high of $77.22.
Welltower (NYSE:WELL) last issued its earnings results on Thursday, April 26th. The real estate investment trust reported $1.17 EPS for the quarter, beating the Zacks’ 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 business 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 business earned $1.05 earnings per share. The company’s quarterly revenue was up 3.3% compared to the same quarter last year. equities research analysts predict that Welltower will post 4.01 EPS for the current fiscal year.
In related news, Director Gary Whitelaw bought 925 shares of the stock in a transaction on Tuesday, May 1st. The stock was bought at an average price 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 through the SEC website. Company insiders own 0.17% of the company’s stock.
Hedge funds have recently made changes to their positions in the business. Synovus Financial Corp purchased a new position in shares of Welltower in the first quarter valued at approximately $107,000. Motco purchased a new position in shares of Welltower in the first quarter valued at approximately $114,000. Smithfield Trust Co. purchased a new position in shares of Welltower in the first quarter valued at approximately $115,000. Pittenger & Anderson Inc. purchased a new position in shares of Welltower in the first quarter valued at approximately $118,000. Finally, Atlantic Trust Group LLC purchased a new position in shares of Welltower in the first quarter valued at approximately $124,000. 83.85% of the stock is owned by institutional investors.
Welltower Company Profile
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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