Welltower (NYSE:WELL) Earns “Outperform” Rating from Royal Bank Of Canada

Welltower (NYSE:WELL)‘s stock had its “outperform” rating reaffirmed by investment analysts at Royal Bank Of Canada in a report released on Monday,Benzinga reports. They presently have a $238.00 price objective on the real estate investment trust’s stock. Royal Bank Of Canada’s price target suggests a potential upside of 11.10% from the company’s previous close.

Several other equities analysts also recently weighed in on WELL. Jefferies Financial Group raised their target price on shares of Welltower from $237.00 to $248.00 and gave the company a “buy” rating in a report on Tuesday, May 12th. Morgan Stanley raised their target price on shares of Welltower from $200.00 to $215.00 and gave the company an “overweight” rating in a report on Wednesday, February 18th. Wells Fargo & Company raised their target price on shares of Welltower from $228.00 to $237.00 and gave the company an “overweight” rating in a report on Monday, June 1st. Citigroup raised their target price on shares of Welltower from $245.00 to $255.00 and gave the company a “buy” rating in a report on Tuesday, May 5th. Finally, Weiss Ratings upgraded shares of Welltower from a “hold (c+)” rating to a “buy (b-)” rating in a report on Tuesday, June 2nd. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, Welltower presently has a consensus rating of “Moderate Buy” and an average target price of $231.60.

Welltower Stock Performance

NYSE:WELL remained flat at $214.23 during mid-day trading on Monday. 651,777 shares of the company’s stock traded hands, compared to its average volume of 3,200,602. The company has a current ratio of 4.31, a quick ratio of 4.31 and a debt-to-equity ratio of 0.40. The business has a 50-day simple moving average of $209.96 and a 200 day simple moving average of $201.29. Welltower has a 52-week low of $148.97 and a 52-week high of $221.68. The stock has a market capitalization of $151.23 billion, a P/E ratio of 105.95, a PEG ratio of 1.11 and a beta of 0.79.

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 the consensus estimate of $0.68 by $0.34. Welltower had a net margin of 11.96% and a return on equity of 3.45%. The firm had revenue of $3.35 billion during the quarter, compared to the consensus estimate of $3.12 billion. During the same period last year, the firm posted $1.20 EPS. The firm’s revenue for the quarter was up 38.3% on a year-over-year basis. Welltower has set its FY 2026 guidance at 6.210-6.350 EPS. On average, research analysts expect that Welltower will post 6.32 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Welltower

A number of hedge funds and other institutional investors have recently modified their holdings of WELL. Norges Bank purchased a new stake in shares of Welltower during the fourth quarter worth about $5,466,264,000. Cardano Risk Management B.V. grew its holdings in shares of Welltower by 955.3% during the fourth quarter. Cardano Risk Management B.V. now owns 9,513,540 shares of the real estate investment trust’s stock worth $1,765,808,000 after buying an additional 8,612,016 shares in the last quarter. Capital World Investors grew its holdings in shares of Welltower by 153.0% during the fourth quarter. Capital World Investors now owns 10,744,520 shares of the real estate investment trust’s stock worth $1,994,290,000 after buying an additional 6,497,258 shares in the last quarter. Vanguard Group Inc. grew its holdings in shares of Welltower by 4.7% during the third quarter. Vanguard Group Inc. now owns 89,778,383 shares of the real estate investment trust’s stock worth $15,993,121,000 after buying an additional 3,991,896 shares in the last quarter. Finally, Capital International Investors grew its holdings in shares of Welltower by 4.1% during the third quarter. Capital International Investors now owns 46,516,255 shares of the real estate investment trust’s stock worth $8,285,296,000 after buying an additional 1,842,934 shares in the last quarter. 94.80% of the stock is currently owned by hedge funds and other 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.