Shares of Welltower (NYSE:WELL) hit a new 52-week high and low during trading on Wednesday . The company traded as low as $49.58 and last traded at $50.16, with a volume of 1660913 shares trading hands. The stock had previously closed at $51.02.
A number of brokerages have recently commented on WELL. BMO Capital Markets reissued a “sell” rating and set a $57.00 price target on shares of Welltower in a research note on Thursday, February 22nd. SunTrust Banks set a $58.00 price target on Welltower and gave the company a “hold” rating in a research note on Friday, February 23rd. Stifel Nicolaus reissued a “buy” rating and set a $60.00 price target (down from $74.00) on shares of Welltower in a research note on Friday, February 23rd. ValuEngine lowered Welltower from a “buy” rating to a “hold” rating in a research note on Tuesday, April 3rd. Finally, JPMorgan Chase reissued a “neutral” rating and set a $67.00 price target (down from $71.00) on shares of Welltower in a research note on Friday, March 16th. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating and four have issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $64.77.
The company has a quick ratio of 1.85, a current ratio of 1.85 and a debt-to-equity ratio of 0.83. The company has a market capitalization of $18,836.21, a P/E ratio of 12.00, a P/E/G ratio of 2.18 and a beta of 0.20.
In other Welltower news, Director Gary Whitelaw purchased 1,862 shares of the company’s stock in a transaction on Monday, February 26th. The shares were purchased at an average cost of $53.61 per share, with a total value of $99,821.82. Following the completion of the purchase, the director now owns 5,843 shares in the company, valued at $313,243.23. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Kenneth J. Bacon purchased 600 shares of the company’s stock in a transaction on Thursday, March 15th. The stock was acquired at an average cost of $53.63 per share, for a total transaction of $32,178.00. The disclosure for this purchase can be found here. 0.17% of the stock is owned by insiders.
COPYRIGHT VIOLATION WARNING: “Welltower (WELL) Reaches New 52-Week High and Low at $49.58” was reported by Week Herald and is the property of of Week Herald. If you are accessing this article on another publication, it was copied illegally and republished in violation of US and international copyright and trademark legislation. The legal version of this article can be viewed at https://weekherald.com/2018/04/25/welltower-well-reaches-new-52-week-high-and-low-at-49-58.html.
Welltower Company Profile
Welltower Inc (NYSE:HCN), an S&P 500 company headquartered in Toledo, Ohio, is driving the transformation of health care infrastructure. The company 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.
Receive News & Ratings for Welltower Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Welltower and related companies with MarketBeat.com's FREE daily email newsletter.