Barclays started coverage on shares of Welltower (NYSE:WELL) in a research report issued on Tuesday, The Fly reports. The firm set an “overweight” rating on the real estate investment trust’s stock.
WELL has been the topic of several other reports. Raymond James raised shares of Welltower to an “outperform” rating in a research note on Friday, June 1st. ValuEngine downgraded shares of Welltower from a “sell” rating to a “strong sell” rating in a research note on Wednesday, June 6th. Morgan Stanley decreased their price target on shares of Welltower from $70.00 to $63.00 and set an “overweight” rating on the stock in a research note on Thursday, June 14th. Citigroup raised their price target on shares of Welltower to $62.00 and gave the stock a “positive” rating in a research note on Wednesday, June 27th. Finally, Jefferies Financial Group raised their price target on shares of Welltower from $56.00 to $64.00 and gave the stock a “hold” rating in a research note on Friday, June 29th. Thirteen investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $63.43.
Shares of NYSE WELL opened at $62.96 on Tuesday. Welltower has a 52-week low of $49.58 and a 52-week high of $71.66. The stock has a market capitalization of $23.79 billion, a PE ratio of 15.32, a P/E/G ratio of 2.69 and a beta of 0.25. The company has a current ratio of 1.77, a quick ratio of 1.77 and a debt-to-equity ratio of 0.81.
Welltower (NYSE:WELL) last announced its earnings results on Friday, July 27th. The real estate investment trust reported $0.41 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.99 by ($0.58). Welltower had a net margin of 13.64% and a return on equity of 4.95%. The company had revenue of $1.13 billion during the quarter, compared to analyst estimates of $1.10 billion. The company’s revenue for the quarter was up 6.4% compared to the same quarter last year. research analysts predict that Welltower will post 4.03 earnings per share for the current fiscal year.
A number of hedge funds have recently modified their holdings of WELL. KBC Group NV purchased a new position in Welltower during the first quarter worth about $4,443,000. Candriam Luxembourg S.C.A. purchased a new position in Welltower during the first quarter worth about $1,748,000. Toronto Dominion Bank purchased a new position in Welltower during the first quarter worth about $10,869,000. Brinker Capital Inc. purchased a new position in Welltower during the first quarter worth about $286,000. Finally, JPMorgan Chase & Co. purchased a new position in Welltower during the first quarter worth about $192,631,000. 84.89% of the stock is currently owned by 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.
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