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

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

A number of other research analysts have also weighed in on the stock. UBS Group boosted their target price on shares of Welltower from $240.00 to $249.00 and gave the stock a “buy” rating in a research report on Monday, May 4th. Weiss Ratings raised shares of Welltower from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Tuesday, June 2nd. BMO Capital Markets reissued an “outperform” rating and set a $245.00 target price on shares of Welltower in a research report on Monday, May 4th. Wells Fargo & Company boosted their target price on shares of Welltower from $228.00 to $237.00 and gave the stock an “overweight” rating in a research report on Monday, June 1st. Finally, Jefferies Financial Group boosted their target price on shares of Welltower from $237.00 to $248.00 and gave the stock a “buy” rating in a research report on Tuesday, May 12th. Thirteen research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $230.25.

Welltower Stock Up 0.1%

Welltower stock traded up $0.22 during mid-day trading on Thursday, hitting $206.77. 2,111,960 shares of the company’s stock were exchanged, compared to its average volume of 3,230,191. 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 stock has a market cap of $145.96 billion, a P/E ratio of 102.18, a P/E/G ratio of 1.10 and a beta of 0.79. Welltower has a 1-year low of $148.97 and a 1-year high of $221.68. The stock has a 50 day moving average of $210.53 and a two-hundred day moving average of $201.41.

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Parkside Financial Bank & Trust increased its holdings in shares of Welltower by 2.5% during the 4th quarter. Parkside Financial Bank & Trust now owns 1,977 shares of the real estate investment trust’s stock worth $367,000 after purchasing an additional 49 shares during the period. Parallel Advisors LLC increased its holdings in shares of Welltower by 0.7% during the 1st quarter. Parallel Advisors LLC now owns 7,161 shares of the real estate investment trust’s stock worth $1,416,000 after purchasing an additional 50 shares during the period. KCM Investment Advisors LLC increased its holdings in shares of Welltower by 3.2% during the 4th quarter. KCM Investment Advisors LLC now owns 1,678 shares of the real estate investment trust’s stock worth $311,000 after purchasing an additional 52 shares during the period. RFG Bristol Wealth Advisors LLC increased its holdings in shares of Welltower by 0.6% during the 1st quarter. RFG Bristol Wealth Advisors LLC now owns 8,107 shares of the real estate investment trust’s stock worth $1,603,000 after purchasing an additional 52 shares during the period. Finally, CYBER HORNET ETFs LLC increased its holdings in shares of Welltower by 3.5% during the 3rd quarter. CYBER HORNET ETFs LLC now owns 1,582 shares of the real estate investment trust’s stock worth $282,000 after purchasing an additional 53 shares during the period. Institutional investors own 94.80% of the company’s stock.

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.