Welltower (NYSE:WELL) Upgraded to Hold at StockNews.com

Welltower (NYSE:WELL) was upgraded by StockNews.com from a “sell” rating to a “hold” rating in a research note issued on Monday.

Several other research analysts have also weighed in on WELL. Deutsche Bank Aktiengesellschaft assumed coverage on Welltower in a research report on Tuesday, January 30th. They issued a “buy” rating and a $115.00 target price on the stock. Scotiabank reduced their price objective on Welltower from $97.00 to $96.00 and set a “sector outperform” rating on the stock in a research note on Monday, March 4th. Finally, BNP Paribas started coverage on Welltower in a report on Monday, March 18th. They set an “outperform” rating and a $104.00 target price for the company. Five research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $95.57.

Welltower Trading Up 1.0 %

NYSE:WELL traded up $0.97 during mid-day trading on Monday, reaching $96.78. The company’s stock had a trading volume of 1,565,569 shares, compared to its average volume of 2,551,269. The company has a debt-to-equity ratio of 0.50, a current ratio of 3.83 and a quick ratio of 3.83. The stock has a market cap of $57.87 billion, a P/E ratio of 119.48, a P/E/G ratio of 2.42 and a beta of 1.07. The company’s fifty day simple moving average is $92.36 and its two-hundred day simple moving average is $89.90. Welltower has a twelve month low of $72.47 and a twelve month high of $98.19.

Welltower (NYSE:WELL) last announced its quarterly earnings data on Monday, April 29th. The real estate investment trust reported $0.22 earnings per share for the quarter, missing the consensus estimate of $0.94 by ($0.72). Welltower had a return on equity of 1.77% and a net margin of 6.37%. The company had revenue of $1.86 billion for the quarter, compared to analysts’ expectations of $1.81 billion. During the same quarter in the previous year, the company earned $0.85 earnings per share. The company’s revenue was up 19.2% on a year-over-year basis. On average, equities analysts predict that Welltower will post 4.06 EPS for the current year.

Institutional Trading of Welltower

Several large investors have recently modified their holdings of the business. Bruce G. Allen Investments LLC purchased a new position in Welltower in the fourth quarter valued at about $25,000. Headlands Technologies LLC raised its position in shares of Welltower by 479.6% in the 3rd quarter. Headlands Technologies LLC now owns 313 shares of the real estate investment trust’s stock valued at $26,000 after purchasing an additional 259 shares in the last quarter. Rise Advisors LLC purchased a new position in shares of Welltower during the 1st quarter valued at approximately $27,000. Manchester Capital Management LLC boosted its stake in shares of Welltower by 338.7% during the 1st quarter. Manchester Capital Management LLC now owns 329 shares of the real estate investment trust’s stock valued at $31,000 after buying an additional 254 shares during the last quarter. Finally, Scarborough Advisors LLC acquired a new stake in shares of Welltower during the fourth quarter worth approximately $35,000. 94.80% of the stock is currently owned by institutional investors and hedge funds.

Welltower Company Profile

Welltower Inc (NYSE:WELL), a 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 and infrastructure needed to scale innovative care delivery models and improve people's wellness and overall health care experience.