Welltower (NYSE:WELL) Upgraded at Cantor Fitzgerald

Key Points

• Cantor Fitzgerald upgraded Welltower (NYSE: WELL) to a "strong-buy" rating with a target price of $195.00, indicating a potential upside of 10.37% from its current price.
• Despite the upgrade, Welltower's stock recently dropped by 1.5%, trading at $176.68 during midday on Wednesday, with a trading volume significantly lower than its average.
• The firm reported a strong quarterly earnings performance with an EPS of $1.28, exceeding analysts' expectations of $1.22, and showing a 39.6% increase in revenue compared to the previous year.

Welltower (NYSE:WELL - Get Free Report) was upgraded by Cantor Fitzgerald to a "strong-buy" rating in a report released on Wednesday, MarketBeat Ratings reports. The firm currently has a $195.00 target price on the real estate investment trust's stock. Cantor Fitzgerald's price target suggests a potential upside of 10.37% from the company's current price.

A number of other equities analysts have also issued reports on the company. Evercore ISI increased their price target on Welltower from $175.00 to $183.00 and gave the company an "in-line" rating in a research note on Monday, September 15th. Raymond James Financial reiterated a "strong-buy" rating on shares of Welltower in a research report on Tuesday, September 2nd. Scotiabank increased their target price on Welltower from $172.00 to $181.00 and gave the company an "outperform" rating in a report on Thursday, August 28th. Wells Fargo & Company increased their target price on Welltower from $175.00 to $185.00 and gave the company an "overweight" rating in a report on Wednesday, August 27th. Finally, UBS Group assumed coverage on Welltower in a research report on Friday, September 19th. They issued a "buy" rating and a $195.00 price target for the company. Two analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Welltower currently has a consensus rating of "Moderate Buy" and an average price target of $180.62.

Welltower Stock Down 1.5%

Shares of WELL traded down $2.70 during midday trading on Wednesday, reaching $176.68. 113,445 shares of the company were exchanged, compared to its average volume of 2,982,704. The stock has a 50-day moving average price of $167.49 and a 200-day moving average price of $156.30. The company has a market cap of $118.17 billion, a price-to-earnings ratio of 99.82, a P/E/G ratio of 2.01 and a beta of 0.92. Welltower has a 1-year low of $122.34 and a 1-year high of $180.40. The company has a current ratio of 4.19, a quick ratio of 4.19 and a debt-to-equity ratio of 0.44.

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

Institutional Trading of Welltower

Hedge funds have recently added to or reduced their stakes in the stock. Zions Bancorporation National Association UT lifted its stake in shares of Welltower by 4.2% during the 2nd quarter. Zions Bancorporation National Association UT now owns 1,604 shares of the real estate investment trust's stock worth $247,000 after purchasing an additional 65 shares during the period. Cornerstone Wealth Group LLC lifted its stake in shares of Welltower by 4.7% during the 2nd quarter. Cornerstone Wealth Group LLC now owns 1,460 shares of the real estate investment trust's stock worth $225,000 after purchasing an additional 66 shares during the period. Good Life Advisors LLC lifted its stake in shares of 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. Rise Advisors LLC increased its holdings in shares of Welltower by 23.3% during the 1st quarter. Rise Advisors LLC now owns 365 shares of the real estate investment trust's stock worth $56,000 after buying an additional 69 shares during the last quarter. Finally, Bridgewater Advisors Inc. increased its holdings in shares of Welltower by 5.1% during the 2nd quarter. Bridgewater Advisors Inc. now owns 1,461 shares of the real estate investment trust's stock worth $242,000 after buying an additional 71 shares during the last quarter. 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.

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