StockNews.com Upgrades Welltower (NYSE:WELL) to “Hold”

Welltower (NYSE:WELL) was upgraded by analysts at StockNews.com from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Monday.

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

Welltower Price Performance

Shares of WELL stock traded up $0.97 on Monday, reaching $96.78. 1,565,569 shares of the company were exchanged, compared to its average volume of 2,551,269. Welltower has a 1 year low of $72.47 and a 1 year high of $98.19. The company has a debt-to-equity ratio of 0.50, a quick ratio of 3.83 and a current ratio of 3.83. The business has a 50-day moving average price of $92.36 and a 200 day moving average price of $89.90. The company has a market cap of $57.87 billion, a price-to-earnings ratio of 119.48, a P/E/G ratio of 2.42 and a beta of 1.07.

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

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the company. Bruce G. Allen Investments LLC purchased a new stake in shares of Welltower in the 4th quarter valued at $25,000. Headlands Technologies LLC increased its stake in Welltower by 479.6% during the third quarter. Headlands Technologies LLC now owns 313 shares of the real estate investment trust’s stock worth $26,000 after purchasing an additional 259 shares during the period. Rise Advisors LLC acquired a new stake in shares of Welltower during the first quarter worth about $27,000. Manchester Capital Management LLC boosted its stake in shares of Welltower by 338.7% in the first quarter. Manchester Capital Management LLC now owns 329 shares of the real estate investment trust’s stock valued at $31,000 after purchasing an additional 254 shares during the period. Finally, Scarborough Advisors LLC acquired a new position in shares of Welltower in the fourth quarter valued at approximately $35,000. 94.80% of the stock is currently owned by institutional investors and hedge funds.

About Welltower

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.