Welltower (NYSE:WELL) Price Target Increased to $72.00 by Analysts at Raymond James

Welltower (NYSE:WELLGet Rating) had its price target increased by investment analysts at Raymond James from $70.00 to $72.00 in a research note issued on Friday, The Fly reports. Raymond James’ price target would indicate a potential upside of 9.59% from the company’s current price.

A number of other research firms have also weighed in on WELL. Morgan Stanley upped their target price on shares of Welltower from $72.00 to $74.00 and gave the stock an “overweight” rating in a report on Tuesday, November 15th. Deutsche Bank Aktiengesellschaft lowered their price objective on Welltower from $100.00 to $93.00 and set a “buy” rating on the stock in a research report on Friday, September 16th. StockNews.com assumed coverage on Welltower in a research report on Wednesday, October 12th. They set a “sell” rating for the company. Evercore ISI cut Welltower from an “outperform” rating to an “in-line” rating and set a $72.00 price target on the stock. in a report on Monday, November 21st. Finally, Sumitomo Mitsui Financial Group downgraded Welltower from an “outperform” rating to a “neutral” rating and set a $84.00 price target for the company. in a research report on Thursday, August 11th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $81.69.

Welltower Trading Up 1.1 %

Shares of WELL opened at $65.70 on Friday. The business’s 50-day moving average price is $64.07 and its 200-day moving average price is $74.57. The company has a quick ratio of 2.11, a current ratio of 2.11 and a debt-to-equity ratio of 0.75. Welltower has a twelve month low of $56.50 and a twelve month high of $99.43. The stock has a market cap of $31.04 billion, a PE ratio of 142.83, a P/E/G ratio of 4.13 and a beta of 1.01.

Hedge Funds Weigh In On Welltower

A number of large investors have recently added to or reduced their stakes in WELL. Wellington Management Group LLP boosted its position in Welltower by 236.3% during the first quarter. Wellington Management Group LLP now owns 13,798,930 shares of the real estate investment trust’s stock valued at $1,326,629,000 after buying an additional 9,695,218 shares during the period. Cohen & Steers Inc. lifted its stake in shares of Welltower by 17.6% in the 3rd quarter. Cohen & Steers Inc. now owns 40,144,429 shares of the real estate investment trust’s stock valued at $2,581,775,000 after acquiring an additional 6,010,798 shares during the last quarter. Vanguard Group Inc. boosted its holdings in Welltower by 4.2% during the 1st quarter. Vanguard Group Inc. now owns 71,733,837 shares of the real estate investment trust’s stock valued at $6,896,491,000 after acquiring an additional 2,912,151 shares during the period. State Street Corp grew its position in Welltower by 9.2% during the 1st quarter. State Street Corp now owns 30,173,175 shares of the real estate investment trust’s stock worth $2,900,849,000 after acquiring an additional 2,554,309 shares during the last quarter. Finally, Daiwa Securities Group Inc. increased its stake in Welltower by 21.0% in the 3rd quarter. Daiwa Securities Group Inc. now owns 8,564,103 shares of the real estate investment trust’s stock worth $550,843,000 after purchasing an additional 1,485,253 shares during the period. Hedge funds and other institutional investors own 97.68% of the company’s stock.

About Welltower

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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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