Welltower (NYSE:WELL) had its target price boosted by stock analysts at MED to $72.00 in a report released on Wednesday, The Fly reports. The brokerage currently has an “overweight” rating on the real estate investment trust’s stock. MED’s price objective indicates a potential upside of 8.98% from the stock’s previous close.
A number of other equities research analysts also recently weighed in on WELL. ValuEngine raised Welltower from a “hold” rating to a “buy” rating in a research note on Wednesday. Stifel Nicolaus set a $66.00 price target on Welltower and gave the stock a “buy” rating in a research note on Monday, July 30th. SunTrust Banks raised their price target on Welltower to $72.00 and gave the stock a “hold” rating in a research note on Wednesday. BMO Capital Markets reaffirmed a “hold” rating and set a $58.00 price target on shares of Welltower in a research note on Monday, July 30th. Finally, Stephens reaffirmed a “buy” rating and set a $64.00 price target on shares of Welltower in a research note on Tuesday, July 31st. Ten investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Welltower currently has an average rating of “Hold” and an average target price of $64.21.
Welltower stock traded down $3.42 during mid-day trading on Wednesday, hitting $66.07. The company’s stock had a trading volume of 4,077,835 shares, compared to its average volume of 2,366,063. The company has a market cap of $24.24 billion, a P/E ratio of 15.69, a P/E/G ratio of 2.78 and a beta of 0.25. The company has a current ratio of 1.77, a quick ratio of 1.77 and a debt-to-equity ratio of 0.81. Welltower has a 52-week low of $49.58 and a 52-week high of $69.85.
Several hedge funds and other institutional investors have recently modified their holdings of the company. PGGM Investments acquired a new position in shares of Welltower during the 3rd quarter valued at about $449,854,000. Principal Financial Group Inc. acquired a new position in shares of Welltower during the 1st quarter valued at about $308,744,000. Russell Investments Group Ltd. acquired a new position in shares of Welltower during the 3rd quarter valued at about $118,411,000. Massachusetts Financial Services Co. MA acquired a new position in shares of Welltower during the 3rd quarter valued at about $105,627,000. Finally, Veritas Asset Management LLP acquired a new position in shares of Welltower during the 3rd quarter valued at about $53,739,000. 84.91% of the stock is currently owned by institutional investors and hedge funds.
Welltower Inc (NYSE:WELL), 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.
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