Morgan Stanley Issues Positive Forecast for Welltower (NYSE:WELL) Stock Price

Welltower (NYSE:WELL - Get Free Report) had its price objective increased by research analysts at Morgan Stanley from $155.00 to $160.00 in a research note issued on Tuesday,Benzinga reports. The firm presently has an "overweight" rating on the real estate investment trust's stock. Morgan Stanley's price target points to a potential upside of 6.02% from the company's previous close.

Other equities analysts have also issued research reports about the company. StockNews.com lowered Welltower from a "hold" rating to a "sell" rating in a research note on Wednesday, April 30th. Scotiabank lifted their price objective on shares of Welltower from $165.00 to $166.00 and gave the stock a "sector outperform" rating in a research report on Thursday, March 6th. Evercore ISI increased their target price on shares of Welltower from $145.00 to $157.00 and gave the company an "in-line" rating in a research report on Thursday, May 1st. Bank of America raised their target price on shares of Welltower from $221.00 to $242.00 and gave the company a "buy" rating in a research note on Tuesday, February 18th. Finally, Mizuho upped their price target on Welltower from $141.00 to $170.00 and gave the stock an "outperform" rating in a research report on Tuesday, March 18th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating, eight have given a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $161.83.

Welltower Stock Down 0.0 %

Shares of NYSE:WELL traded down $0.01 during trading hours on Tuesday, hitting $150.92. The company's stock had a trading volume of 577,165 shares, compared to its average volume of 2,868,901. The company has a debt-to-equity ratio of 0.48, a current ratio of 4.22 and a quick ratio of 4.22. The firm's fifty day moving average price is $148.07 and its 200 day moving average price is $139.33. Welltower has a 52 week low of $95.86 and a 52 week high of $158.55. The company has a market capitalization of $98.69 billion, a price-to-earnings ratio of 96.64, a P/E/G ratio of 2.87 and a beta of 0.94.

Welltower (NYSE:WELL - Get Free Report) last issued its quarterly earnings data on Monday, April 28th. The real estate investment trust reported $1.20 EPS for the quarter, topping analysts' consensus estimates of $1.15 by $0.05. Welltower had a net margin of 11.91% and a return on equity of 3.15%. The company had revenue of $2.42 billion during the quarter, compared to the consensus estimate of $2.40 billion. During the same quarter in the previous year, the firm posted $1.01 earnings per share. Welltower's revenue for the quarter was up 30.3% compared to the same quarter last year. As a group, research analysts expect that Welltower will post 4.88 EPS for the current year.

Hedge Funds Weigh In On Welltower

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Geller Advisors LLC increased its stake in shares of Welltower by 3.7% in the fourth quarter. Geller Advisors LLC now owns 1,911 shares of the real estate investment trust's stock worth $241,000 after acquiring an additional 69 shares during the period. Good Life Advisors LLC grew its position in Welltower by 1.2% during the 1st quarter. Good Life Advisors LLC now owns 5,744 shares of the real estate investment trust's stock worth $880,000 after purchasing an additional 69 shares during the period. Sivia Capital Partners LLC grew its position in Welltower by 4.3% during the 1st quarter. Sivia Capital Partners LLC now owns 1,783 shares of the real estate investment trust's stock worth $273,000 after purchasing an additional 73 shares during the period. Mather Group LLC. lifted its holdings in shares of Welltower by 3.8% in the 4th quarter. Mather Group LLC. now owns 2,053 shares of the real estate investment trust's stock valued at $259,000 after buying an additional 75 shares during the period. Finally, Childress Capital Advisors LLC lifted its holdings in shares of Welltower by 3.7% in the 4th quarter. Childress Capital Advisors LLC now owns 2,152 shares of the real estate investment trust's stock valued at $271,000 after buying an additional 76 shares during the period. Institutional investors and hedge funds own 94.80% of the company's stock.

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.

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