Welltower (NYSE:WELL) Price Target Increased to $115.00 by Analysts at KeyCorp

Welltower (NYSE:WELL) had its price target increased by investment analysts at KeyCorp from $95.00 to $115.00 in a report released on Tuesday, Benzinga reports. The firm currently has an “overweight” rating on the real estate investment trust’s stock. KeyCorp’s target price indicates a potential upside of 10.58% from the stock’s previous close.

Several other research analysts have also recently issued reports on WELL. Wells Fargo & Company increased their price objective on Welltower from $107.00 to $111.00 and gave the stock an “overweight” rating in a research note on Thursday, May 30th. BNP Paribas initiated coverage on Welltower in a report on Monday, March 18th. They set an “outperform” rating and a $104.00 target price for the company. Mizuho increased their price objective on Welltower from $98.00 to $105.00 and gave the company a “buy” rating in a report on Wednesday, May 8th. Scotiabank increased their price objective on Welltower from $96.00 to $108.00 and gave the company a “sector outperform” rating in a report on Thursday, May 16th. Finally, StockNews.com lowered Welltower from a “hold” rating to a “sell” rating in a report on Sunday. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Welltower presently has an average rating of “Moderate Buy” and a consensus target price of $99.50.

Welltower Stock Down 0.2 %

Shares of NYSE:WELL opened at $104.00 on Tuesday. Welltower has a 52-week low of $77.90 and a 52-week high of $105.69. The stock has a market cap of $62.18 billion, a P/E ratio of 128.40, a price-to-earnings-growth ratio of 2.57 and a beta of 1.18. The business’s 50 day moving average is $100.38 and its 200 day moving average is $94.05. The company has a quick ratio of 3.83, a current ratio of 3.83 and a debt-to-equity ratio of 0.50.

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

Insiders Place Their Bets

In other Welltower news, Director Kenneth J. Bacon sold 1,800 shares of the stock in a transaction that occurred on Tuesday, June 4th. The shares were sold at an average price of $103.91, for a total transaction of $187,038.00. Following the sale, the director now directly owns 14,579 shares in the company, valued at approximately $1,514,903.89. The transaction was disclosed in a document filed with the SEC, which is available through this link. 0.12% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of WELL. Bruce G. Allen Investments LLC purchased a new position in shares of Welltower in the 4th quarter valued at $25,000. Rise Advisors LLC acquired a new stake in shares of Welltower in the 1st quarter worth $27,000. Manchester Capital Management LLC lifted its stake in shares of Welltower by 338.7% in the 1st quarter. Manchester Capital Management LLC now owns 329 shares of the real estate investment trust’s stock worth $31,000 after acquiring an additional 254 shares during the period. Scarborough Advisors LLC acquired a new stake in shares of Welltower in the 4th quarter worth $35,000. Finally, Financial Gravity Asset Management Inc. acquired a new stake in shares of Welltower in the 3rd quarter worth $38,000. 94.80% of the stock is owned by hedge funds and other institutional investors.

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.