Welltower (NYSE:WELL) PT Raised to $71.00 at Deutsche Bank

Welltower (NYSE:WELL) had its target price hoisted by analysts at Deutsche Bank from $61.00 to $71.00 in a research report issued to clients and investors on Friday, March 29th, BenzingaRatingsTable reports. The firm currently has a “hold” rating on the real estate investment trust’s stock. Deutsche Bank’s price objective indicates a potential downside of 3.06% from the company’s current price.

Other analysts also recently issued reports about the company. Citigroup upped their price objective on Welltower from $71.00 to $75.00 and gave the company a “neutral” rating in a research note on Thursday, February 14th. Wells Fargo & Co raised Welltower from a “market perform” rating to an “outperform” rating in a research note on Tuesday, December 11th. Raymond James upped their price objective on Welltower from $75.00 to $78.00 and gave the company an “outperform” rating in a research note on Tuesday, February 26th. They noted that the move was a valuation call. Morgan Stanley upped their price objective on Welltower from $77.00 to $83.00 and gave the company an “overweight” rating in a research note on Thursday, March 28th. Finally, upped their price objective on Welltower from $72.00 to $76.00 and gave the company an “overweight” rating in a research note on Wednesday, December 5th. Ten investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $71.29.

Shares of NYSE WELL traded up $0.98 during trading hours on Friday, reaching $73.24. The stock had a trading volume of 1,294,499 shares, compared to its average volume of 1,809,273. The stock has a market cap of $29.27 billion, a PE ratio of 18.17, a price-to-earnings-growth ratio of 3.10 and a beta of 0.46. The company has a quick ratio of 1.64, a current ratio of 1.64 and a debt-to-equity ratio of 0.89. Welltower has a fifty-two week low of $49.58 and a fifty-two week high of $79.41.

Welltower (NYSE:WELL) last announced its earnings results on Tuesday, February 12th. The real estate investment trust reported $1.01 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.03 by ($0.02). The firm had revenue of $1.24 billion during the quarter, compared to analyst estimates of $1.26 billion. Welltower had a net margin of 17.14% and a return on equity of 6.28%. Welltower’s revenue was up 12.4% on a year-over-year basis. Sell-side analysts anticipate that Welltower will post 4.18 earnings per share for the current year.

In other news, EVP Mercedes Kerr sold 5,000 shares of the stock in a transaction that occurred on Thursday, February 28th. The stock was sold at an average price of $74.50, for a total transaction of $372,500.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.15% of the company’s stock.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in WELL. JPMorgan Chase & Co. purchased a new position in Welltower in the 3rd quarter valued at approximately $176,871,000. Janus Henderson Group PLC purchased a new position in Welltower in the 3rd quarter valued at approximately $10,323,000. Bank of New York Mellon Corp purchased a new position in Welltower in the 3rd quarter valued at approximately $405,367,000. CIBC World Markets Inc. purchased a new position in Welltower in the 3rd quarter valued at approximately $1,495,000. Finally, DekaBank Deutsche Girozentrale purchased a new position in Welltower in the 3rd quarter valued at approximately $2,284,000. 84.87% of the stock is owned by hedge funds and other institutional investors.

Welltower Company Profile

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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Analyst Recommendations for Welltower (NYSE:WELL)

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