Scotiabank Increases Welltower (NYSE:WELL) Price Target to $144.00

Welltower (NYSE:WELL) had its price target raised by analysts at Scotiabank from $142.00 to $144.00 in a research note issued on Monday,Benzinga reports. The firm presently has a “sector outperform” rating on the real estate investment trust’s stock. Scotiabank’s target price points to a potential upside of 4.90% from the stock’s current price.

Several other equities research analysts also recently weighed in on the stock. StockNews.com upgraded shares of Welltower from a “sell” rating to a “hold” rating in a research note on Wednesday, October 30th. Wells Fargo & Company reaffirmed an “equal weight” rating and set a $135.00 target price (up from $134.00) on shares of Welltower in a research report on Tuesday, October 1st. Jefferies Financial Group raised Welltower from a “hold” rating to a “buy” rating and raised their price target for the stock from $132.00 to $147.00 in a report on Thursday, January 2nd. Raymond James upped their price objective on shares of Welltower from $145.00 to $155.00 and gave the company a “strong-buy” rating in a report on Monday, December 16th. Finally, Mizuho lifted their target price on shares of Welltower from $136.00 to $141.00 and gave the stock an “outperform” rating in a research note on Thursday, December 5th. Five equities research 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 company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $134.96.

Welltower Stock Performance

Welltower stock opened at $137.28 on Monday. Welltower has a fifty-two week low of $85.40 and a fifty-two week high of $140.75. The company has a market capitalization of $85.48 billion, a PE ratio of 90.32, a P/E/G ratio of 2.64 and a beta of 1.22. The company has a 50 day moving average price of $130.15 and a 200-day moving average price of $125.76. The company has a debt-to-equity ratio of 0.51, a quick ratio of 4.10 and a current ratio of 4.10.

Welltower (NYSE:WELL) last posted its earnings results on Monday, October 28th. The real estate investment trust reported $0.73 EPS for the quarter, missing analysts’ consensus estimates of $1.04 by ($0.31). The business had revenue of $2.06 billion for the quarter, compared to analysts’ expectations of $1.95 billion. Welltower had a net margin of 12.22% and a return on equity of 3.20%. The company’s revenue for the quarter was up 23.7% on a year-over-year basis. During the same period last year, the business posted $0.92 EPS. As a group, equities analysts forecast that Welltower will post 4.3 earnings per share for the current year.

Institutional Trading of Welltower

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in Welltower by 638.0% in 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 period. FMR LLC grew its holdings in shares of Welltower by 38.1% during the 3rd quarter. FMR LLC now owns 14,428,564 shares of the real estate investment trust’s stock worth $1,847,289,000 after purchasing an additional 3,977,845 shares during the period. Wellington Management Group LLP grew its holdings in shares of Welltower by 10.6% during the 3rd quarter. Wellington Management Group LLP now owns 18,685,844 shares of the real estate investment trust’s stock worth $2,392,349,000 after purchasing an additional 1,797,330 shares during the period. Barclays PLC increased its position in shares of Welltower by 29.2% during the 3rd quarter. Barclays PLC now owns 1,684,446 shares of the real estate investment trust’s stock worth $215,659,000 after purchasing an additional 380,888 shares during the last quarter. Finally, Nordea Investment Management AB raised its holdings in Welltower by 28.1% in the 4th 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 buying an additional 324,520 shares during the period. 94.80% of the stock is owned by institutional investors and hedge funds.

About Welltower

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.