Welltower (NYSE:WELL) Price Target Raised to $266.00

Welltower (NYSE:WELL) had its target price upped by equities researchers at Royal Bank Of Canada from $260.00 to $266.00 in a research report issued on Tuesday, Benzinga reports. The brokerage presently has an “outperform” rating on the real estate investment trust’s stock. Royal Bank Of Canada‘s price target would suggest a potential upside of 7.66% from the company’s current price.

Several other equities research analysts have also recently weighed in on WELL. JPMorgan Chase & Co. upgraded shares of Welltower from a “neutral” rating to an “overweight” rating and increased their target price for the company from $230.00 to $260.00 in a research note on Thursday, September 24th. Robert W. Baird lifted their target price on Welltower from $226.00 to $233.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 12th. KeyCorp boosted their price target on Welltower from $240.00 to $275.00 and gave the company an “overweight” rating in a research note on Tuesday, August 4th. Weiss Ratings cut Welltower from a “buy (b-)” rating to a “hold (c)” rating in a report on Wednesday, October 28th. Finally, Jefferies Financial Group raised Welltower to a “strong-buy” rating in a report on Friday, September 25th. One analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, Welltower has a consensus rating of “Moderate Buy” and a consensus price target of $260.10.

Welltower Stock Performance

Welltower stock traded down $0.27 during mid-day trading on Tuesday, reaching $247.09. The company had a trading volume of 393,695 shares, compared to its average volume of 3,112,943. The company has a quick ratio of 3.16, a current ratio of 3.16 and a debt-to-equity ratio of 0.39. Welltower has a 52 week low of $181.47 and a 52 week high of $255.20. The company has a 50 day moving average of $234.03 and a 200-day moving average of $219.92. The firm has a market cap of $181.26 billion, a price-to-earnings ratio of 106.84, a PEG ratio of 1.18 and a beta of 0.79.

Welltower (NYSE:WELL) last posted its quarterly earnings results on Monday, October 26th. The real estate investment trust reported $1.67 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.64 by $0.03. Welltower had a net margin of 12.08% and a return on equity of 3.61%. The company had revenue of $3.72 billion for the quarter, compared to analyst estimates of $3.64 billion. During the same period last year, the business posted $1.34 EPS. The business’s quarterly revenue was up 38.4% on a year-over-year basis. On average, sell-side analysts expect that Welltower will post 6.51 EPS for the current fiscal year.

Insider Transactions at Welltower

In other Welltower news, Director Andrew Gundlach acquired 5,000 shares of the company’s stock in a transaction dated Wednesday, August 26th. The stock was bought at an average price of $242.06 per share, for a total transaction of $1,210,300.00. Following the purchase, the director owned 30,000 shares in the company, valued at $7,261,800. This represents a 20.00% increase in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Purchased indirectly through two trusts. The transaction was executed in multiple trades at prices ranging from $241.59 to $242.59. The reported $242.06 price is the weighted-average purchase price. 0.37% of the stock is owned by company insiders.

Institutional Trading of Welltower

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. BlackRock Inc. grew its stake in shares of Welltower by 5.5% in the 2nd quarter. BlackRock Inc. now owns 78,049,214 shares of the real estate investment trust’s stock valued at $17,714,830,000 after purchasing an additional 4,045,458 shares during the period. State Street Corp lifted its position in shares of Welltower by 1.4% during the 2nd quarter. State Street Corp now owns 42,138,810 shares of the real estate investment trust’s stock worth $9,564,246,000 after buying an additional 578,033 shares during the period. Bank of America Corp DE lifted its position in shares of Welltower by 6.6% during the 1st quarter. Bank of America Corp DE now owns 21,750,501 shares of the real estate investment trust’s stock worth $4,300,291,000 after buying an additional 1,347,243 shares during the period. Principal Financial Group Inc. lifted its position in shares of Welltower by 2.2% during the 2nd quarter. Principal Financial Group Inc. now owns 9,814,621 shares of the real estate investment trust’s stock worth $2,227,642,000 after buying an additional 207,966 shares during the period. Finally, Dimensional Fund Advisors LP boosted its stake in Welltower by 0.7% in the 1st quarter. Dimensional Fund Advisors LP now owns 8,345,022 shares of the real estate investment trust’s stock valued at $1,649,844,000 after buying an additional 57,938 shares in the last quarter. Institutional investors own 94.80% of the company’s stock.

About Welltower

Welltower Inc is a real estate investment trust focused on properties and services that support health care and aging. Its portfolio includes senior housing communities, outpatient medical facilities and post-acute care properties.

The company works with senior housing operators, health care providers and other partners to own, lease and manage properties. Its operations span the United States, Canada and the United Kingdom.

Founded in 1970 as Health Care REIT, the company adopted the Welltower name in 2015.