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

Welltower (NYSE:WELL) was upgraded by research analysts at StockNews.com from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Saturday.

A number of other equities analysts have also recently weighed in on WELL. Mizuho increased their price target on Welltower from $98.00 to $105.00 and gave the stock a “buy” rating in a report on Wednesday, May 8th. Scotiabank raised their target price on Welltower from $96.00 to $108.00 and gave the company a “sector outperform” rating in a report on Thursday, May 16th. Wells Fargo & Company raised their target price on Welltower from $107.00 to $111.00 and gave the company an “overweight” rating in a report on Thursday, May 30th. Finally, BNP Paribas assumed coverage on Welltower in a report on Monday, March 18th. They set an “outperform” rating and a $104.00 target price for the company. Five analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $98.07.

Welltower Stock Performance

Shares of NYSE WELL opened at $102.32 on Friday. The firm’s 50-day moving average price is $99.10 and its 200-day moving average price is $93.48. The company has a quick ratio of 3.83, a current ratio of 3.83 and a debt-to-equity ratio of 0.50. The company has a market cap of $61.18 billion, a PE ratio of 126.32, a PEG ratio of 2.57 and a beta of 1.16. Welltower has a 52-week low of $75.86 and a 52-week high of $105.69.

Welltower (NYSE:WELL) last announced its quarterly earnings results on Monday, April 29th. The real estate investment trust reported $0.22 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.94 by ($0.72). The company had revenue of $1.86 billion for the quarter, compared to analysts’ expectations of $1.81 billion. Welltower had a net margin of 6.37% and a return on equity of 1.77%. The business’s revenue was up 19.2% compared to the same quarter last year. During the same period in the previous year, the business earned $0.85 EPS. As a group, analysts anticipate that Welltower will post 4.12 EPS for the current year.

Insider Activity at Welltower

In related news, Director Kenneth J. Bacon sold 1,800 shares of the company’s stock in a transaction on Tuesday, June 4th. The stock was sold at an average price of $103.91, for a total value of $187,038.00. Following the completion of the transaction, the director now directly owns 14,579 shares in the company, valued at $1,514,903.89. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.12% of the company’s stock.

Institutional Investors Weigh In On Welltower

Several institutional investors and hedge funds have recently modified their holdings of the stock. Trueblood Wealth Management LLC boosted its holdings in Welltower by 1.2% in the first quarter. Trueblood Wealth Management LLC now owns 9,061 shares of the real estate investment trust’s stock valued at $847,000 after purchasing an additional 109 shares during the last quarter. Profund Advisors LLC raised its stake in Welltower by 1.6% during the third quarter. Profund Advisors LLC now owns 7,632 shares of the real estate investment trust’s stock valued at $625,000 after buying an additional 120 shares in the last quarter. First Horizon Advisors Inc. raised its stake in Welltower by 21.2% during the fourth quarter. First Horizon Advisors Inc. now owns 691 shares of the real estate investment trust’s stock valued at $62,000 after buying an additional 121 shares in the last quarter. Graypoint LLC raised its position in shares of Welltower by 4.8% during the 1st quarter. Graypoint LLC now owns 2,687 shares of the real estate investment trust’s stock worth $251,000 after purchasing an additional 122 shares during the period. Finally, Wedmont Private Capital raised its position in shares of Welltower by 2.4% during the 1st quarter. Wedmont Private Capital now owns 5,156 shares of the real estate investment trust’s stock worth $474,000 after purchasing an additional 123 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 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 and infrastructure needed to scale innovative care delivery models and improve people's wellness and overall health care experience.