Welltower (NYSE:WELL) Price Target Increased to $105.00 by Analysts at Mizuho

Welltower (NYSE:WELL) had its price target raised by stock analysts at Mizuho from $98.00 to $105.00 in a research report issued on Wednesday, Benzinga reports. The firm presently has a “buy” rating on the real estate investment trust’s stock. Mizuho’s price target points to a potential upside of 7.74% from the stock’s current price.

Several other research firms also recently issued reports on WELL. BNP Paribas began coverage on shares of Welltower in a report on Monday, March 18th. They set an “outperform” rating and a $104.00 price objective on the stock. Scotiabank lowered their price target on Welltower from $97.00 to $96.00 and set a “sector outperform” rating on the stock in a research note on Monday, March 4th. Deutsche Bank Aktiengesellschaft assumed coverage on Welltower in a research report on Tuesday, January 30th. They issued a “buy” rating and a $115.00 price objective for the company. Finally, StockNews.com upgraded Welltower from a “sell” rating to a “hold” rating in a research report on Monday. Five investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Welltower currently has an average rating of “Moderate Buy” and a consensus price target of $96.07.

Welltower Stock Performance

NYSE:WELL opened at $97.46 on Wednesday. The company has a current ratio of 3.83, a quick ratio of 3.83 and a debt-to-equity ratio of 0.50. Welltower has a 1 year low of $72.47 and a 1 year high of $98.19. The firm’s fifty day simple moving average is $92.46 and its 200 day simple moving average is $90.00. The firm has a market capitalization of $58.27 billion, a PE ratio of 120.32, a PEG ratio of 2.42 and a beta of 1.07.

Welltower (NYSE:WELL) last posted its quarterly earnings data on Monday, April 29th. The real estate investment trust reported $0.22 earnings per share for the quarter, missing the consensus estimate of $0.94 by ($0.72). Welltower had a return on equity of 1.77% and a net margin of 6.37%. The business had revenue of $1.86 billion for the quarter, compared to analyst estimates of $1.81 billion. During the same period in the prior year, the firm posted $0.85 EPS. Welltower’s revenue for the quarter was up 19.2% on a year-over-year basis. On average, sell-side analysts anticipate that Welltower will post 4.06 EPS for the current year.

Institutional Investors Weigh In On Welltower

Large investors have recently bought and sold shares of the business. Norges Bank acquired a new position in Welltower in the fourth quarter worth $2,453,039,000. Vanguard Group Inc. lifted its position in Welltower by 6.4% during the 4th quarter. Vanguard Group Inc. now owns 85,930,671 shares of the real estate investment trust’s stock worth $7,748,369,000 after buying an additional 5,173,079 shares in the last quarter. Principal Financial Group Inc. grew its holdings in Welltower by 25.1% during the 3rd quarter. Principal Financial Group Inc. now owns 12,925,394 shares of the real estate investment trust’s stock worth $1,058,848,000 after acquiring an additional 2,596,718 shares during the last quarter. Invesco Ltd. increased its position in Welltower by 22.9% in the 3rd quarter. Invesco Ltd. now owns 8,486,611 shares of the real estate investment trust’s stock valued at $695,223,000 after acquiring an additional 1,581,084 shares in the last quarter. Finally, Capital International Investors raised its stake in shares of Welltower by 6.3% in the fourth quarter. Capital International Investors now owns 23,132,262 shares of the real estate investment trust’s stock worth $2,085,836,000 after acquiring an additional 1,361,150 shares during the last quarter. 94.80% of the stock is currently owned by institutional investors.

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.