TheStreet cut shares of Welltower (NYSE:WELL) from a b rating to a c+ rating in a research note released on Thursday morning.

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.

Welltower (NYSE:WELL) last issued its quarterly earnings results on Friday, July 27th. The real estate investment trust reported $0.41 EPS for the quarter, missing analysts’ consensus estimates of $0.99 by ($0.58). The firm had revenue of $1.13 billion during the quarter, compared to the consensus estimate of $1.10 billion. Welltower had a net margin of 13.64% and a return on equity of 4.95%. The business’s revenue for the quarter was up 6.4% compared to the same quarter last year. On average, equities analysts expect that Welltower will post 4.03 EPS for the current year.

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.

About Welltower

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

Analyst Recommendations for Welltower (NYSE:WELL)

Receive News & Ratings for Welltower Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Welltower and related companies with MarketBeat.com's FREE daily email newsletter.