Scotiabank Boosts Welltower (NYSE:WELL) Price Target to $166.00

Welltower (NYSE:WELL) had its target price increased by stock analysts at Scotiabank from $165.00 to $166.00 in a report issued on Thursday,Benzinga reports. The brokerage presently has a “sector outperform” rating on the real estate investment trust’s stock. Scotiabank’s target price suggests a potential upside of 12.76% from the stock’s current price.

Other research analysts have also recently issued reports about the stock. Jefferies Financial Group raised shares of Welltower from a “hold” rating to a “buy” rating and lifted their target price for the stock from $132.00 to $147.00 in a report on Thursday, January 2nd. Evercore ISI lifted their target price on shares of Welltower from $144.00 to $145.00 and gave the stock an “in-line” rating in a report on Tuesday. Bank of America lifted their target price on shares of Welltower from $221.00 to $242.00 and gave the stock a “buy” rating in a report on Tuesday, February 18th. Mizuho lifted their target price on shares of Welltower from $136.00 to $141.00 and gave the stock an “outperform” rating in a report on Thursday, December 5th. Finally, Wedbush raised shares of Welltower from a “neutral” rating to an “outperform” rating and boosted their price objective for the company from $145.00 to $167.00 in a report on Friday, February 14th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, ten have issued a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $148.42.

Welltower Trading Down 1.2 %

Shares of WELL opened at $147.22 on Thursday. Welltower has a 1-year low of $87.87 and a 1-year high of $158.55. The firm has a market capitalization of $94.41 billion, a price-to-earnings ratio of 94.37, a PEG ratio of 2.87 and a beta of 1.20. The firm’s 50-day moving average price is $138.99 and its 200-day moving average price is $132.63. The company has a current ratio of 4.22, a quick ratio of 4.22 and a debt-to-equity ratio of 0.48.

Welltower (NYSE:WELL) last issued its quarterly earnings results on Tuesday, February 11th. The real estate investment trust reported $1.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.40 by $0.73. Welltower had a net margin of 11.91% and a return on equity of 3.15%. Sell-side analysts anticipate that Welltower will post 4.88 EPS for the current year.

Hedge Funds Weigh In On Welltower

A number of hedge funds and other institutional investors have recently modified their holdings of WELL. Norges Bank bought a new position in shares of Welltower during the fourth quarter worth $3,943,892,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of Welltower by 638.0% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 6,920,426 shares of the real estate investment trust’s stock worth $886,022,000 after acquiring an additional 5,982,711 shares during the last quarter. FMR LLC boosted its position in shares of Welltower by 38.1% during the third quarter. FMR LLC now owns 14,428,564 shares of the real estate investment trust’s stock worth $1,847,289,000 after acquiring an additional 3,977,845 shares during the last quarter. Northern Trust Corp boosted its position in shares of Welltower by 53.5% during the fourth quarter. Northern Trust Corp now owns 8,430,496 shares of the real estate investment trust’s stock worth $1,062,495,000 after acquiring an additional 2,939,229 shares during the last quarter. Finally, Vanguard Group Inc. boosted its position in shares of Welltower by 2.7% during the fourth quarter. Vanguard Group Inc. now owns 98,295,258 shares of the real estate investment trust’s stock worth $12,388,151,000 after acquiring an additional 2,612,044 shares during 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.