Welltower (NYSE:WELL) PT Raised to $91.00 at Morgan Stanley

Welltower (NYSE:WELL) had its target price lifted by stock analysts at Morgan Stanley from $83.00 to $91.00 in a report released on Wednesday, BenzingaRatingsTable reports. The brokerage presently has an “overweight” rating on the real estate investment trust’s stock. Morgan Stanley’s price target would suggest a potential upside of 4.20% from the company’s current price.

Other research analysts have also recently issued reports about the stock. Raymond James cut shares of Welltower from an “outperform” rating to a “market perform” rating and set a $82.27 price target on the stock. in a research report on Thursday, June 13th. They noted that the move was a valuation call. Stifel Nicolaus increased their price target on shares of Welltower from $78.00 to $87.00 and gave the company a “buy” rating in a research report on Thursday, August 1st. Scotiabank set a $80.00 price target on shares of Welltower and gave the company a “hold” rating in a research report on Friday, June 14th. Finally, BMO Capital Markets reiterated a “buy” rating and set a $86.00 price target on shares of Welltower in a research report on Monday, August 5th. Six equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $79.84.

WELL traded down $0.52 during trading on Wednesday, reaching $87.33. 232,753 shares of the company’s stock were exchanged, compared to its average volume of 2,105,637. The stock has a market capitalization of $35.78 billion, a PE ratio of 21.67, a PEG ratio of 4.58 and a beta of 0.29. Welltower has a one year low of $60.93 and a one year high of $88.87. The company has a quick ratio of 1.73, a current ratio of 1.73 and a debt-to-equity ratio of 0.95. The stock has a fifty day moving average price of $84.41.

Welltower (NYSE:WELL) last released its earnings results on Wednesday, July 31st. The real estate investment trust reported $0.34 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.04 by ($0.70). Welltower had a net margin of 11.98% and a return on equity of 4.62%. The company had revenue of $1.32 billion for the quarter, compared to analyst estimates of $1.30 billion. During the same quarter in the previous year, the firm earned $1.00 EPS. The firm’s revenue was up 17.2% on a year-over-year basis. As a group, equities research analysts anticipate that Welltower will post 4.17 earnings per share for the current year.

Institutional investors have recently modified their holdings of the company. Comerica Securities Inc. grew its holdings in Welltower by 146.9% in the fourth quarter. Comerica Securities Inc. now owns 12,689 shares of the real estate investment trust’s stock valued at $881,000 after purchasing an additional 7,550 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of Welltower by 0.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 5,585,442 shares of the real estate investment trust’s stock worth $387,686,000 after buying an additional 17,550 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of Welltower by 12.2% in the fourth quarter. Geode Capital Management LLC now owns 6,232,214 shares of the real estate investment trust’s stock worth $432,262,000 after buying an additional 679,707 shares in the last quarter. Louisiana State Employees Retirement System lifted its holdings in shares of Welltower by 3.6% in the first quarter. Louisiana State Employees Retirement System now owns 20,400 shares of the real estate investment trust’s stock worth $1,583,000 after buying an additional 700 shares in the last quarter. Finally, Retirement Systems of Alabama lifted its holdings in shares of Welltower by 4.9% in the first quarter. Retirement Systems of Alabama now owns 179,906 shares of the real estate investment trust’s stock worth $13,961,000 after buying an additional 8,343 shares in the last quarter. Hedge funds and other institutional investors own 87.04% of the company’s stock.

About Welltower

Welltower Inc (NYSE:WELL), an S&P 500 company headquartered in Toledo, Ohio, is driving the transformation of health care infrastructure. The Company 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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