Welltower (NYSE:WELL) Price Target Raised to $185.00

Key Points

• Wells Fargo & Company has raised its price target for Welltower from $175.00 to $185.00, indicating a potential upside of 11.13% from the stock's previous close.
• The company reported earnings of $1.28 EPS, beating estimates, with a quarterly revenue increase of 39.6% year-over-year, totaling $2.55 billion.
• Welltower has a consensus rating of "Moderate Buy" with one "Strong Buy," seven "Buy," one "Hold," and one "Sell" from various analysts.

Welltower (NYSE:WELL - Get Free Report) had its price objective upped by equities researchers at Wells Fargo & Company from $175.00 to $185.00 in a research note issued to investors on Wednesday,Benzinga reports. The brokerage currently has an "overweight" rating on the real estate investment trust's stock. Wells Fargo & Company's price target indicates a potential upside of 11.13% from the stock's previous close.

WELL has been the subject of a number of other research reports. Evercore ISI raised their target price on Welltower from $162.00 to $175.00 and gave the company an "in-line" rating in a research note on Wednesday, July 30th. Scotiabank reaffirmed an "outperform" rating on shares of Welltower in a research report on Monday, June 23rd. Morgan Stanley raised their price objective on Welltower from $155.00 to $160.00 and gave the company an "overweight" rating in a research report on Tuesday, May 6th. Finally, Wall Street Zen lowered Welltower from a "hold" rating to a "sell" rating in a research report on Thursday, May 8th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $174.10.

Welltower Trading Up 0.4%

NYSE WELL traded up $0.64 on Wednesday, hitting $166.48. The company's stock had a trading volume of 144,139 shares, compared to its average volume of 2,913,438. Welltower has a 52-week low of $119.93 and a 52-week high of $171.09. The company has a current ratio of 4.19, a quick ratio of 4.19 and a debt-to-equity ratio of 0.44. The company's 50-day simple moving average is $159.81 and its 200 day simple moving average is $152.72. The firm has a market cap of $111.34 billion, a P/E ratio of 94.05, a PEG ratio of 1.86 and a beta of 0.93.

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

Insider Activity at Welltower

In other news, Director Andrew Gundlach acquired 20,000 shares of the business's stock in a transaction that occurred on Monday, June 30th. The stock was bought at an average price of $151.46 per share, with a total value of $3,029,200.00. Following the completion of the acquisition, the director directly owned 20,000 shares of the company's stock, valued at approximately $3,029,200. The trade was a ∞ increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.21% of the stock is owned by insiders.

Institutional Trading of Welltower

Several large investors have recently modified their holdings of the company. Norges Bank purchased a new position in Welltower during the second quarter valued at $4,903,554,000. Nuveen LLC purchased a new position in Welltower during the first quarter valued at $762,204,000. Price T Rowe Associates Inc. MD lifted its position 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 valued at $1,367,226,000 after purchasing an additional 2,622,384 shares in the last quarter. Wellington Management Group LLP lifted its position in Welltower by 14.0% during 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 purchasing an additional 2,614,562 shares in the last quarter. Finally, State Street Corp lifted its position in Welltower by 4.6% during the second quarter. State Street Corp now owns 39,616,289 shares of the real estate investment trust's stock valued at $6,090,212,000 after purchasing an additional 1,740,196 shares in the last quarter. Institutional investors 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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