Welltower (NYSE:WELL) Price Target Raised to $108.00 at Scotiabank

Welltower (NYSE:WELL) had its price objective raised by Scotiabank from $96.00 to $108.00 in a note issued to investors on Thursday, Benzinga reports. The brokerage currently has a “sector outperform” rating on the real estate investment trust’s stock. Scotiabank’s price target points to a potential upside of 6.62% from the company’s previous close.

Several other equities research analysts have also issued reports on the company. Deutsche Bank Aktiengesellschaft started coverage on Welltower in a report on Tuesday, January 30th. They set a “buy” rating and a $115.00 price target for the company. Mizuho boosted their target price on shares of Welltower from $98.00 to $105.00 and gave the stock a “buy” rating in a research report on Wednesday, May 8th. BNP Paribas started coverage on shares of Welltower in a research note on Monday, March 18th. They set an “outperform” rating and a $104.00 price target on the stock. Finally, StockNews.com lowered shares of Welltower from a “hold” rating to a “sell” rating in a research note on Tuesday. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $96.93.

Welltower Trading Up 0.3 %

NYSE:WELL opened at $101.29 on Thursday. The stock’s 50-day moving average is $93.67 and its two-hundred day moving average is $90.84. 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 $60.56 billion, a PE ratio of 125.05, a price-to-earnings-growth ratio of 2.65 and a beta of 1.07. Welltower has a fifty-two week low of $72.47 and a fifty-two week high of $101.88.

Welltower (NYSE:WELL) last posted its quarterly earnings results 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). Welltower had a net margin of 6.37% and a return on equity of 1.77%. 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 prior year, the firm earned $0.85 earnings per share. The company’s revenue was up 19.2% on a year-over-year basis. As a group, equities research analysts forecast that Welltower will post 4.11 earnings per share for the current fiscal year.

Institutional Trading of Welltower

Hedge funds have recently modified their holdings of the company. Bruce G. Allen Investments LLC bought a new stake in Welltower in the 4th quarter valued at $25,000. Rise Advisors LLC bought a new stake in shares of Welltower in the 1st quarter valued at approximately $27,000. Headlands Technologies LLC raised its holdings 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 worth $26,000 after buying an additional 259 shares in the last quarter. Manchester Capital Management LLC lifted its position 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 worth $31,000 after buying an additional 254 shares during the period. Finally, Scarborough Advisors LLC acquired a new stake in Welltower in the 4th quarter valued at $35,000. Institutional investors own 94.80% of the company’s stock.

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.