Welltower (WELL) Lowered to “C+” at TheStreet
Other analysts also recently issued research reports about the company. Morgan Stanley lifted their target price on Welltower from $63.00 to $67.00 and gave the company an overweight rating in a research report on Thursday, August 16th. Stifel Nicolaus set a $66.00 target price on Welltower and gave the company a buy rating in a research report on Monday, July 30th. Citigroup lifted their target price on Welltower to $62.00 and gave the company a positive rating in a research report on Wednesday, June 27th. Stephens reaffirmed a buy rating and issued a $64.00 target price on shares of Welltower in a research report on Tuesday, July 31st. Finally, Royal Bank of Canada set a $63.00 target price on Welltower and gave the company a hold rating in a research report on Tuesday, July 31st. Twelve investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The company presently has a consensus rating of Hold and an average target price of $63.00.
Shares of Welltower stock traded down $0.13 during trading on Thursday, reaching $61.60. The stock had a trading volume of 2,460,837 shares, compared to its average volume of 2,366,897. The firm has a market cap of $23.93 billion, a price-to-earnings ratio of 14.63, a price-to-earnings-growth ratio of 2.71 and a beta of 0.26. Welltower has a 52 week low of $49.58 and a 52 week high of $69.80. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.77 and a quick ratio of 1.77.
Hedge funds and other institutional investors have recently made changes to their positions in the business. Atlantic Trust Group LLC bought a new stake in shares of Welltower in the first quarter valued at approximately $124,000. Summit Trail Advisors LLC bought a new stake in shares of Welltower in the first quarter valued at approximately $135,000. Trust Co. of Vermont boosted its stake in shares of Welltower by 76.5% in the second quarter. Trust Co. of Vermont now owns 2,189 shares of the real estate investment trust’s stock valued at $138,000 after buying an additional 949 shares during the period. Assetmark Inc. bought a new stake in shares of Welltower in the first quarter valued at approximately $147,000. Finally, Equitec Specialists LLC bought a new stake in shares of Welltower in the first quarter valued at approximately $155,000. 84.90% of the stock is currently owned by hedge funds and other institutional investors.
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.
Further Reading: Price to Earnings Ratio (PE) Basics
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