Scotiabank Forecasts Strong Price Appreciation for Welltower (NYSE:WELL) Stock

Welltower (NYSE:WELL) had its price target upped by Scotiabank from $182.00 to $214.00 in a research report issued on Thursday,Benzinga reports. The firm currently has a “sector outperform” rating on the real estate investment trust’s stock. Scotiabank’s price target points to a potential upside of 12.14% from the company’s current price.

Several other equities analysts have also recently issued reports on the stock. Wall Street Zen cut shares of Welltower from a “hold” rating to a “sell” rating in a research note on Saturday, November 1st. National Bankshares set a $246.00 price target on shares of Welltower in a report on Friday, October 17th. Evercore ISI increased their target price on Welltower from $175.00 to $183.00 and gave the stock an “in-line” rating in a research note on Monday, September 15th. Cantor Fitzgerald increased their price objective on Welltower from $195.00 to $200.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 28th. Finally, KeyCorp upped their target price on Welltower from $150.00 to $200.00 and gave the company an “overweight” rating in a research note on Tuesday, September 23rd. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $190.07.

Welltower Stock Performance

Shares of WELL traded down $0.80 during mid-day trading on Thursday, reaching $190.84. 1,671,584 shares of the company’s stock were exchanged, compared to its average volume of 2,982,265. The business’s fifty day simple moving average is $175.03 and its 200-day simple moving average is $163.04. The stock has a market capitalization of $130.98 billion, a PE ratio of 131.54, a price-to-earnings-growth ratio of 1.93 and a beta of 0.92. Welltower has a 52-week low of $123.11 and a 52-week high of $192.81. The company has a debt-to-equity ratio of 0.43, a current ratio of 5.47 and a quick ratio of 4.19.

Welltower (NYSE:WELL) last issued its quarterly earnings results on Monday, October 27th. The real estate investment trust reported $1.34 earnings per share for the quarter, topping analysts’ consensus estimates of $1.30 by $0.04. Welltower had a net margin of 9.69% and a return on equity of 2.71%. The firm had revenue of $2.69 billion during the quarter, compared to analysts’ expectations of $2.70 billion. During the same quarter in the prior year, the business earned $1.11 EPS. Welltower’s quarterly revenue was up 30.7% compared to the same quarter last year. Welltower has set its FY 2025 guidance at 5.240-5.300 EPS. On average, equities research analysts expect that Welltower will post 4.88 earnings per share for the current year.

Hedge Funds Weigh In On Welltower

Large investors have recently added to or reduced their stakes in the company. Norges Bank acquired a new position in Welltower in the second quarter valued at approximately $4,903,554,000. Nuveen LLC acquired a new position in Welltower during the 1st quarter valued at approximately $762,204,000. Vanguard Group Inc. grew its stake in Welltower by 4.7% during the 3rd quarter. Vanguard Group Inc. now owns 89,778,383 shares of the real estate investment trust’s stock worth $15,993,121,000 after buying an additional 3,991,896 shares during the last quarter. Capital World Investors increased its position in Welltower by 167.2% in the third quarter. Capital World Investors now owns 4,247,262 shares of the real estate investment trust’s stock worth $756,607,000 after buying an additional 2,657,766 shares during the period. Finally, Price T Rowe Associates Inc. MD lifted its stake in Welltower by 41.6% in the first quarter. Price T Rowe Associates Inc. MD now owns 8,923,852 shares of the real estate investment trust’s stock valued at $1,367,226,000 after buying an additional 2,622,384 shares during the last quarter. 94.80% of the stock is currently owned by institutional investors.

Welltower Company Profile

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.