Scotiabank Increases Welltower (NYSE:WELL) Price Target to $142.00

Welltower (NYSE:WELL) had its price target hoisted by Scotiabank from $133.00 to $142.00 in a report issued on Monday,Benzinga reports. The brokerage presently has a “sector outperform” rating on the real estate investment trust’s stock. Scotiabank’s price objective indicates a potential upside of 2.19% from the stock’s previous close.

Several other analysts also recently issued reports on WELL. Royal Bank of Canada raised their price objective on shares of Welltower from $101.00 to $114.00 and gave the stock a “sector perform” rating in a research note on Friday, August 9th. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Welltower from $115.00 to $137.00 and gave the stock a “buy” rating in a research note on Wednesday, August 21st. Evercore ISI raised their price objective on shares of Welltower from $106.00 to $114.00 and gave the stock an “in-line” rating in a research note on Monday, September 16th. Wedbush raised their price objective on shares of Welltower from $100.00 to $120.00 and gave the stock a “neutral” rating in a research note on Monday, August 5th. Finally, StockNews.com raised shares of Welltower from a “sell” rating to a “hold” rating in a research note on Wednesday, October 30th. Five investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $117.50.

Welltower Trading Up 2.4 %

Shares of Welltower stock opened at $138.96 on Monday. The firm has a market cap of $86.53 billion, a price-to-earnings ratio of 91.42, a PEG ratio of 3.09 and a beta of 1.20. The business has a 50-day moving average price of $131.47 and a 200-day moving average price of $117.65. The company has a quick ratio of 4.10, a current ratio of 4.10 and a debt-to-equity ratio of 0.51. Welltower has a twelve month low of $85.40 and a twelve month high of $140.19.

Welltower (NYSE:WELL) last issued its quarterly earnings data on Monday, October 28th. The real estate investment trust reported $0.73 earnings per share for the quarter, missing analysts’ consensus estimates of $1.04 by ($0.31). The firm had revenue of $2.06 billion for the quarter, compared to analysts’ expectations of $1.95 billion. Welltower had a net margin of 12.22% and a return on equity of 3.20%. The company’s revenue for the quarter was up 23.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.92 EPS. Equities research analysts anticipate that Welltower will post 4.3 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the stock. Synovus Financial Corp increased its stake in Welltower by 51.3% during the 3rd quarter. Synovus Financial Corp now owns 3,326 shares of the real estate investment trust’s stock valued at $426,000 after purchasing an additional 1,128 shares in the last quarter. Tidal Investments LLC boosted its holdings in shares of Welltower by 46.2% in the 3rd quarter. Tidal Investments LLC now owns 21,016 shares of the real estate investment trust’s stock valued at $2,691,000 after acquiring an additional 6,639 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in shares of Welltower in the 3rd quarter valued at $337,000. Sanctuary Advisors LLC boosted its holdings in shares of Welltower by 82.1% in the 3rd quarter. Sanctuary Advisors LLC now owns 153,586 shares of the real estate investment trust’s stock valued at $21,181,000 after acquiring an additional 69,228 shares during the last quarter. Finally, M&T Bank Corp boosted its holdings in shares of Welltower by 3.2% in the 3rd quarter. M&T Bank Corp now owns 77,858 shares of the real estate investment trust’s stock valued at $9,968,000 after acquiring an additional 2,389 shares during the last quarter. Institutional investors and hedge funds own 94.80% of the company’s stock.

About Welltower

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.