Weiss Ratings Reiterates "Buy (B)" Rating for Welltower (NYSE:WELL)

Key Points

• Welltower (NYSE:WELL) has received a reaffirmed "Buy (B)" rating from Weiss Ratings, reflecting positive analyst sentiment towards the stock's potential performance.
• Several analysts have recently increased their target prices for Welltower, with Wells Fargo raising it to $185.00, while UBS Group issued a target of $195.00 along with a "buy" rating.
• Despite a 1.8% drop in share price, Welltower's latest earnings report showed a year-over-year revenue increase of 39.6%, indicating strong financial health for the company.

Welltower (NYSE:WELL - Get Free Report)'s stock had its "buy (b)" rating reissued by research analysts at Weiss Ratings in a research report issued on Wednesday,Weiss Ratings reports.

Other equities analysts have also issued reports about the stock. Evercore ISI upped their target price on shares of Welltower from $175.00 to $183.00 and gave the stock an "in-line" rating in a research note on Monday, September 15th. Wells Fargo & Company upped their target price on shares of Welltower from $175.00 to $185.00 and gave the stock an "overweight" rating in a research note on Wednesday, August 27th. Scotiabank upped their target price on shares of Welltower from $181.00 to $182.00 and gave the stock an "outperform" rating in a research note on Monday. UBS Group assumed coverage on shares of Welltower in a research note on Friday, September 19th. They issued a "buy" rating and a $195.00 target price for the company. Finally, Raymond James Financial reaffirmed a "strong-buy" rating on shares of Welltower in a research note on Tuesday, September 2nd. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $180.69.

Welltower Stock Down 1.8%

Shares of NYSE:WELL traded down $3.13 during midday trading on Wednesday, hitting $169.87. 999,858 shares of the stock were exchanged, compared to its average volume of 2,972,675. Welltower has a 52-week low of $122.34 and a 52-week high of $180.40. The business's fifty day simple moving average is $168.51 and its two-hundred day simple moving average is $157.06. The company has a debt-to-equity ratio of 0.44, a quick ratio of 4.19 and a current ratio of 4.19. The company has a market capitalization of $113.62 billion, a PE ratio of 95.92, a P/E/G ratio of 1.96 and a beta of 0.92.

Welltower (NYSE:WELL - Get Free Report) last issued its quarterly earnings results on Monday, July 28th. The real estate investment trust reported $1.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.22 by $0.06. The company had revenue of $2.55 billion for the quarter, compared to the consensus estimate of $2.49 billion. Welltower had a return on equity of 3.38% and a net margin of 12.18%.The firm's revenue was up 39.6% compared to the same quarter last year. During the same period last year, the business posted $1.05 earnings per share. Welltower has set its FY 2025 guidance at 5.060-5.14 EPS. As a group, research analysts predict that Welltower will post 4.88 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Welltower

Large investors have recently modified their holdings of the business. Wedmont Private Capital grew its holdings in Welltower by 5.9% in the third quarter. Wedmont Private Capital now owns 9,222 shares of the real estate investment trust's stock worth $1,595,000 after purchasing an additional 516 shares during the period. Czech National Bank boosted its holdings in Welltower by 11.9% during the third quarter. Czech National Bank now owns 169,867 shares of the real estate investment trust's stock worth $30,260,000 after purchasing an additional 18,011 shares during the last quarter. Chesley Taft & Associates LLC raised its position in Welltower by 10.9% in the third quarter. Chesley Taft & Associates LLC now owns 18,048 shares of the real estate investment trust's stock worth $3,215,000 after acquiring an additional 1,768 shares during the period. Beacon Financial Group bought a new stake in Welltower in the third quarter worth about $223,000. Finally, Cooper Financial Group bought a new stake in shares of Welltower in the third quarter valued at approximately $223,000. Institutional investors 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.