Welltower (NYSE:WELL) Stock Price Expected to Rise, Bank of America Analyst Says

Welltower (NYSE:WELL) had its price objective increased by Bank of America from $190.00 to $221.00 in a research report issued to clients and investors on Friday,Benzinga reports. The firm currently has a “buy” rating on the real estate investment trust’s stock. Bank of America‘s price target suggests a potential upside of 61.55% from the stock’s current price.

Several other equities analysts have also recently weighed in on WELL. Mizuho raised their price target on shares of Welltower from $136.00 to $141.00 and gave the company an “outperform” rating in a research report on Thursday, December 5th. Wells Fargo & Company reissued an “equal weight” rating and issued a $135.00 price target (up from $134.00) on shares of Welltower in a report on Tuesday, October 1st. Scotiabank increased their price target on Welltower from $133.00 to $142.00 and gave the stock a “sector outperform” rating in a research note on Monday, November 25th. StockNews.com upgraded Welltower from a “sell” rating to a “hold” rating in a research report on Wednesday, October 30th. Finally, Raymond James boosted their price objective on shares of Welltower from $145.00 to $155.00 and gave the company a “strong-buy” rating in a research note on Monday, December 16th. Five analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $134.81.

Welltower Price Performance

Shares of NYSE WELL opened at $136.80 on Friday. The company has a current ratio of 4.10, a quick ratio of 4.10 and a debt-to-equity ratio of 0.51. The firm’s 50-day moving average price is $130.12 and its 200-day moving average price is $125.23. The firm has a market capitalization of $85.18 billion, a P/E ratio of 90.00, a P/E/G ratio of 2.64 and a beta of 1.22. Welltower has a 1-year low of $85.40 and a 1-year high of $140.75.

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

Institutional Investors Weigh In On Welltower

Several large investors have recently modified their holdings of WELL. Retirement Systems of Alabama raised its stake in Welltower by 3.7% in the third quarter. Retirement Systems of Alabama now owns 470,419 shares of the real estate investment trust’s stock worth $60,228,000 after buying an additional 16,946 shares in the last quarter. Diversified Trust Co increased its holdings in shares of Welltower by 93.8% in the 3rd quarter. Diversified Trust Co now owns 18,474 shares of the real estate investment trust’s stock valued at $2,365,000 after acquiring an additional 8,940 shares during the period. Barclays PLC raised its position in shares of Welltower by 29.2% in the 3rd quarter. Barclays PLC now owns 1,684,446 shares of the real estate investment trust’s stock worth $215,659,000 after acquiring an additional 380,888 shares in the last quarter. Park Avenue Securities LLC lifted its stake in shares of Welltower by 20.1% during the 4th quarter. Park Avenue Securities LLC now owns 13,456 shares of the real estate investment trust’s stock worth $1,696,000 after purchasing an additional 2,250 shares during the last quarter. Finally, Nordea Investment Management AB boosted its position in Welltower by 28.1% during the fourth quarter. Nordea Investment Management AB now owns 1,477,388 shares of the real estate investment trust’s stock valued at $185,649,000 after purchasing an additional 324,520 shares in the last quarter. Institutional investors own 94.80% of the company’s stock.

Welltower Company Profile

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.