Welltower’s (WELL) “Buy (B)” Rating Reiterated at Weiss Ratings

Weiss Ratings restated their buy (b) rating on shares of Welltower (NYSE:WELL) in a report released on Friday,Weiss Ratings reports.

A number of other research firms have also recently weighed in on WELL. Raymond James Financial restated a “strong-buy” rating on shares of Welltower in a research report on Tuesday, September 2nd. KeyCorp upped their target price on shares of Welltower from $150.00 to $200.00 and gave the company an “overweight” rating in a report on Tuesday, September 23rd. National Bankshares set a $246.00 price target on shares of Welltower in a research note on Friday, October 17th. Evercore ISI lifted their price target on shares of Welltower from $175.00 to $183.00 and gave the stock an “in-line” rating in a report on Monday, September 15th. Finally, Scotiabank upped their price objective on shares of Welltower from $181.00 to $182.00 and gave the company an “outperform” rating in a research note on Monday, October 6th. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $186.43.

Welltower Stock Up 1.1%

WELL stock opened at $178.04 on Friday. The company has a debt-to-equity ratio of 0.44, a current ratio of 4.19 and a quick ratio of 4.19. The company’s 50 day simple moving average is $170.05 and its 200-day simple moving average is $159.42. Welltower has a 12 month low of $123.11 and a 12 month high of $180.40. The firm has a market capitalization of $119.08 billion, a PE ratio of 100.59, a P/E/G ratio of 1.99 and a beta of 0.92.

Welltower (NYSE:WELL) last posted its earnings results on Monday, July 28th. The real estate investment trust reported $1.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.22 by $0.06. The firm had revenue of $2.55 billion for the quarter, compared to analyst estimates of $2.49 billion. Welltower had a return on equity of 3.38% and a net margin of 12.18%.Welltower’s revenue was up 39.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.05 EPS. Equities analysts expect that Welltower will post 4.88 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in WELL. State Street Corp raised its holdings in shares of Welltower by 4.6% in the 2nd quarter. State Street Corp now owns 39,616,289 shares of the real estate investment trust’s stock worth $6,090,212,000 after purchasing an additional 1,740,196 shares during the period. Norges Bank acquired a new stake in Welltower during the 2nd quarter worth approximately $4,903,554,000. Wellington Management Group LLP raised its holdings in Welltower by 14.0% in the first quarter. Wellington Management Group LLP now owns 21,289,684 shares of the real estate investment trust’s stock valued at $3,261,792,000 after buying an additional 2,614,562 shares during the period. Geode Capital Management LLC lifted its position in Welltower by 5.1% during the second quarter. Geode Capital Management LLC now owns 15,012,454 shares of the real estate investment trust’s stock valued at $2,303,484,000 after buying an additional 723,887 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD grew its stake in Welltower by 41.6% during the first quarter. Price T Rowe Associates Inc. MD now owns 8,923,852 shares of the real estate investment trust’s stock worth $1,367,226,000 after buying an additional 2,622,384 shares during the period. Institutional investors and hedge funds own 94.80% of the company’s stock.

About Welltower

Welltower Inc (NYSE:WELL), a real estate investment trust (“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 infrastructure needed to scale innovative care delivery models and improve people’s wellness and overall health care experience.