Evercore ISI cut shares of Welltower (NYSE:WELL – Get Rating) from an outperform rating to an in-line rating in a report released on Monday, The Fly reports. Evercore ISI currently has $72.00 price target on the real estate investment trust’s stock.
WELL has been the subject of several other research reports. Morgan Stanley upped their price target on shares of Welltower from $72.00 to $74.00 and gave the stock an overweight rating in a research report on Tuesday, November 15th. Stifel Nicolaus decreased their target price on Welltower from $83.00 to $70.00 in a research report on Tuesday, October 4th. Raymond James cut Welltower from a strong-buy rating to an outperform rating and dropped their price target for the stock from $81.00 to $70.00 in a research report on Tuesday, November 1st. Robert W. Baird lowered Welltower from an outperform rating to a neutral rating and set a $66.00 price objective on the stock. in a report on Monday, October 10th. Finally, Credit Suisse Group dropped their target price on shares of Welltower from $100.00 to $75.00 and set an outperform rating for the company in a report on Tuesday, November 1st. One investment analyst has rated the stock with a sell rating, four have given a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of Moderate Buy and a consensus target price of $81.69.
Welltower Price Performance
Welltower stock opened at $69.35 on Monday. The stock has a market capitalization of $32.77 billion, a P/E ratio of 150.76, a P/E/G ratio of 4.37 and a beta of 0.97. The company’s fifty day moving average price is $63.91 and its 200 day moving average price is $75.94. The company has a debt-to-equity ratio of 0.75, a quick ratio of 2.11 and a current ratio of 2.11. Welltower has a 1 year low of $56.50 and a 1 year high of $99.43.
Welltower Dividend Announcement
Institutional Trading of Welltower
Hedge funds and other institutional investors have recently modified their holdings of the business. Stonehage Fleming Financial Services Holdings Ltd acquired a new position in Welltower in the second quarter valued at about $27,000. Covestor Ltd raised its stake in shares of Welltower by 97.4% in the 1st quarter. Covestor Ltd now owns 298 shares of the real estate investment trust’s stock valued at $29,000 after acquiring an additional 147 shares during the period. Householder Group Estate & Retirement Specialist LLC acquired a new position in shares of Welltower in the 3rd quarter worth approximately $32,000. Investors Asset Management of Georgia Inc. GA ADV purchased a new position in shares of Welltower during the 2nd quarter worth approximately $36,000. Finally, HM Payson & Co. boosted its position in shares of Welltower by 200.0% during the 3rd quarter. HM Payson & Co. now owns 600 shares of the real estate investment trust’s stock worth $39,000 after purchasing an additional 400 shares during the period. 97.68% of the stock is owned by institutional investors and hedge funds.
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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