Welltower (WELL) Price Target Raised to $72.00

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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.

Welltower (NYSE:WELL) last announced its quarterly earnings data on Tuesday, October 30th. The real estate investment trust reported $0.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.02 by ($0.85). The business had revenue of $1.24 billion during the quarter, compared to analysts’ expectations of $1.16 billion. Welltower had a return on equity of 4.95% and a net margin of 13.64%. The firm’s revenue was up 13.3% on a year-over-year basis. During the same period in the prior year, the company posted $1.08 earnings per share. On average, equities analysts forecast that Welltower will post 4.03 earnings per share for the current fiscal year.

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.

About Welltower

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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