Welltower (NYSE:WELL) PT Raised to $107.50 at Morgan Stanley

Welltower (NYSE:WELL) had its price target increased by investment analysts at Morgan Stanley from $103.00 to $107.50 in a report released on Thursday, Benzinga reports. The firm currently has an “overweight” rating on the real estate investment trust’s stock. Morgan Stanley’s price objective suggests a potential upside of 3.17% from the company’s current price.

Several other equities research analysts have also commented on the company. BNP Paribas started coverage on Welltower in a research note on Monday, March 18th. They set an “outperform” rating and a $104.00 price objective for the company. StockNews.com upgraded Welltower from a “sell” rating to a “hold” rating in a research note on Wednesday. Wells Fargo & Company boosted their price objective on Welltower from $107.00 to $111.00 and gave the stock an “overweight” rating in a research note on Thursday, May 30th. Scotiabank boosted their price objective on Welltower from $96.00 to $108.00 and gave the stock a “sector outperform” rating in a research note on Thursday, May 16th. Finally, Mizuho boosted their price objective on Welltower from $98.00 to $105.00 and gave the stock a “buy” rating in a research note on Wednesday, May 8th. Five analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $100.75.

Welltower Stock Down 0.4 %

Welltower stock opened at $104.20 on Thursday. The company has a debt-to-equity ratio of 0.50, a current ratio of 3.83 and a quick ratio of 3.83. The stock has a market capitalization of $62.30 billion, a price-to-earnings ratio of 128.64, a PEG ratio of 2.58 and a beta of 1.18. Welltower has a 1-year low of $77.90 and a 1-year high of $106.50. The business has a fifty day moving average price of $102.50 and a 200-day moving average price of $95.02.

Welltower (NYSE:WELL) last issued its quarterly earnings results on Monday, April 29th. The real estate investment trust reported $0.22 EPS for the quarter, missing analysts’ consensus estimates of $0.94 by ($0.72). Welltower had a return on equity of 1.77% and a net margin of 6.37%. The firm 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. The business’s revenue was up 19.2% compared to the same quarter last year. Equities research analysts forecast that Welltower will post 4.12 EPS for the current fiscal year.

Insider Buying and Selling at Welltower

In other news, Director Kenneth J. Bacon sold 1,800 shares of the company’s stock in a transaction dated Tuesday, June 4th. The shares were sold at an average price of $103.91, for a total value of $187,038.00. Following the sale, the director now owns 14,579 shares in the company, valued at approximately $1,514,903.89. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.12% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Welltower

Several large investors have recently made changes to their positions in WELL. American Century Companies Inc. boosted its holdings in shares of Welltower by 15.7% in the third quarter. American Century Companies Inc. now owns 947,865 shares of the real estate investment trust’s stock valued at $77,649,000 after acquiring an additional 128,874 shares in the last quarter. Citigroup Inc. boosted its holdings in Welltower by 3.8% during the third quarter. Citigroup Inc. now owns 471,507 shares of the real estate investment trust’s stock worth $38,626,000 after buying an additional 17,129 shares in the last quarter. Vanguard Group Inc. boosted its holdings in Welltower by 2.7% during the third quarter. Vanguard Group Inc. now owns 80,757,592 shares of the real estate investment trust’s stock worth $6,615,662,000 after buying an additional 2,156,673 shares in the last quarter. Appleton Partners Inc. MA boosted its holdings in Welltower by 3.0% during the fourth quarter. Appleton Partners Inc. MA now owns 24,954 shares of the real estate investment trust’s stock worth $2,250,000 after buying an additional 720 shares in the last quarter. Finally, Czech National Bank boosted its holdings in Welltower by 6.9% during the fourth quarter. Czech National Bank now owns 96,936 shares of the real estate investment trust’s stock worth $8,741,000 after buying an additional 6,272 shares in the last quarter. Institutional investors and hedge funds own 94.80% of the company’s stock.

About Welltower

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.