Wells Fargo & Company Boosts Welltower (NYSE:WELL) Price Target to $158.00

Welltower (NYSE:WELL) had its price target increased by investment analysts at Wells Fargo & Company from $140.00 to $158.00 in a report issued on Monday,Benzinga reports. The brokerage presently has an “equal weight” rating on the real estate investment trust’s stock. Wells Fargo & Company‘s price target would indicate a potential upside of 9.51% from the stock’s previous close.

WELL has been the topic of a number of other reports. Bank of America lifted their price objective on Welltower from $221.00 to $242.00 and gave the stock a “buy” rating in a research note on Tuesday, February 18th. Wedbush raised Welltower from a “neutral” rating to an “outperform” rating and upped their target price for the stock from $145.00 to $167.00 in a research report on Friday, February 14th. Mizuho lifted their price target on shares of Welltower from $136.00 to $141.00 and gave the company an “outperform” rating in a research report on Thursday, December 5th. Evercore ISI raised their price objective on shares of Welltower from $144.00 to $145.00 and gave the company an “in-line” rating in a research note on Tuesday, March 4th. Finally, Scotiabank lifted their price target on Welltower from $165.00 to $166.00 and gave the company a “sector outperform” rating in a research note on Thursday. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, ten have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $150.19.

Welltower Stock Down 2.1 %

Shares of WELL traded down $3.17 during mid-day trading on Monday, hitting $144.29. 239,985 shares of the company’s stock were exchanged, compared to its average volume of 2,701,070. The company has a debt-to-equity ratio of 0.48, a current ratio of 4.22 and a quick ratio of 4.22. Welltower has a 52 week low of $87.87 and a 52 week high of $158.55. The company has a market cap of $92.53 billion, a PE ratio of 92.45, a P/E/G ratio of 2.87 and a beta of 1.20. The company has a 50-day simple moving average of $138.99 and a 200 day simple moving average of $132.86.

Welltower (NYSE:WELL) last issued its quarterly earnings results on Tuesday, February 11th. The real estate investment trust reported $1.13 EPS for the quarter, topping the consensus estimate of $0.40 by $0.73. Welltower had a net margin of 11.91% and a return on equity of 3.15%. On average, research analysts forecast that Welltower will post 4.88 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Welltower

Several institutional investors and hedge funds have recently bought and sold shares of the business. Laurel Wealth Advisors LLC purchased a new position in Welltower during the 4th quarter valued at about $25,000. Roxbury Financial LLC purchased a new position in Welltower in the fourth quarter worth about $26,000. Sierra Ocean LLC bought a new position in shares of Welltower in the fourth quarter worth approximately $28,000. Versant Capital Management Inc increased its position in shares of Welltower by 165.5% during the fourth quarter. Versant Capital Management Inc now owns 300 shares of the real estate investment trust’s stock valued at $38,000 after acquiring an additional 187 shares in the last quarter. Finally, Ashton Thomas Securities LLC purchased a new position in Welltower in the 3rd quarter worth approximately $50,000. Hedge funds and other institutional investors own 94.80% of the company’s stock.

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.