Scotiabank Cuts Welltower (NYSE:WELL) Price Target to $232.00

Welltower (NYSE:WELL) had its price target reduced by equities research analysts at Scotiabank from $248.00 to $232.00 in a research note issued to investors on Thursday,Benzinga reports. The firm presently has a “sector outperform” rating on the real estate investment trust’s stock. Scotiabank’s target price would indicate a potential upside of 12.20% from the stock’s previous close.

A number of other analysts have also recently weighed in on WELL. UBS Group upped their target price on shares of Welltower from $240.00 to $249.00 and gave the company a “buy” rating in a research note on Monday, May 4th. Raymond James Financial began coverage on shares of Welltower in a research note on Tuesday. They issued an “outperform” rating and a $226.00 target price on the stock. Wall Street Zen raised shares of Welltower from a “sell” rating to a “hold” rating in a research note on Saturday, May 2nd. KeyCorp upped their target price on shares of Welltower from $210.00 to $240.00 and gave the company an “overweight” rating in a research note on Tuesday, February 24th. Finally, Wells Fargo & Company upped their target price on shares of Welltower from $228.00 to $237.00 and gave the company an “overweight” rating in a research note on Monday, June 1st. Thirteen equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Welltower presently has a consensus rating of “Moderate Buy” and an average target price of $230.25.

Welltower Price Performance

NYSE WELL traded up $0.22 on Thursday, reaching $206.77. The company’s stock had a trading volume of 2,111,960 shares, compared to its average volume of 3,230,191. The firm has a market cap of $145.96 billion, a PE ratio of 102.18, a price-to-earnings-growth ratio of 1.10 and a beta of 0.79. The business has a 50-day moving average price of $210.53 and a 200 day moving average price of $201.41. Welltower has a 52 week low of $148.97 and a 52 week high of $221.68. The company has a current ratio of 4.31, a quick ratio of 4.31 and a debt-to-equity ratio of 0.40.

Welltower (NYSE:WELL) last posted its earnings results on Tuesday, April 28th. The real estate investment trust reported $1.02 earnings per share for the quarter, beating analysts’ consensus estimates of $0.68 by $0.34. The business had revenue of $3.35 billion for the quarter, compared to analysts’ expectations of $3.12 billion. Welltower had a net margin of 11.96% and a return on equity of 3.45%. The firm’s revenue for the quarter was up 38.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.20 earnings per share. Welltower has set its FY 2026 guidance at 6.210-6.350 EPS. Sell-side analysts expect that Welltower will post 6.32 EPS for the current year.

Institutional Trading of Welltower

Several large investors have recently added to or reduced their stakes in the company. Mitsubishi UFJ Asset Management UK Ltd. acquired a new position in shares of Welltower during the third quarter worth approximately $1,781,000. Benchmark Investment Advisors LLC acquired a new position in shares of Welltower during the third quarter worth approximately $901,000. AIA Group Ltd lifted its position in shares of Welltower by 53.8% during the third quarter. AIA Group Ltd now owns 24,000 shares of the real estate investment trust’s stock worth $4,275,000 after purchasing an additional 8,400 shares in the last quarter. Van ECK Associates Corp lifted its position in shares of Welltower by 12.7% during the third quarter. Van ECK Associates Corp now owns 359,093 shares of the real estate investment trust’s stock worth $63,969,000 after purchasing an additional 40,360 shares in the last quarter. Finally, Nordea Investment Management AB lifted its position in shares of Welltower by 11.8% during the fourth quarter. Nordea Investment Management AB now owns 1,930,894 shares of the real estate investment trust’s stock worth $358,915,000 after purchasing an additional 204,317 shares in the last quarter. 94.80% of the stock is owned by institutional investors.

Welltower Company Profile

Welltower Inc (NYSE: WELL) is a real estate investment trust (REIT) that acquires and manages real estate serving the health care industry. The company specializes in healthcare infrastructure, owning and operating a diversified portfolio of senior housing, post-acute and long-term care communities, and outpatient medical properties. Welltower’s assets are designed to support the delivery of health care services through a combination of leased properties, joint ventures, and other capital arrangements with health care operators and providers.

The company’s property types include assisted living, memory care, independent living and skilled nursing facilities, as well as medical office buildings and other outpatient-care real estate such as ambulatory surgery centers and specialty clinics.