Welltower (NYSE:WELL) Sets New 12-Month High – Here’s Why

Shares of Welltower Inc. (NYSE:WELL) reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as $141.19 and last traded at $140.43, with a volume of 174401 shares. The stock had previously closed at $138.86.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. StockNews.com upgraded Welltower from a “sell” rating to a “hold” rating in a report on Wednesday, October 30th. Jefferies Financial Group upgraded shares of Welltower from a “hold” rating to a “buy” rating and raised their price target for the company from $132.00 to $147.00 in a research note on Thursday, January 2nd. Bank of America raised their price target on shares of Welltower from $190.00 to $221.00 and gave the company a “buy” rating in a research note on Friday, January 24th. Raymond James boosted their price target on shares of Welltower from $145.00 to $155.00 and gave the stock a “strong-buy” rating in a research report on Monday, December 16th. Finally, Scotiabank boosted their price target on Welltower from $142.00 to $144.00 and gave the company a “sector outperform” rating in a research note on Monday, January 27th. Five investment analysts have rated the stock with a hold rating, eight have given a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $134.96.

Welltower Trading Up 0.4 %

The company has a market capitalization of $89.05 billion, a PE ratio of 94.11, a P/E/G ratio of 2.71 and a beta of 1.23. The business has a fifty day moving average price of $130.25 and a 200 day moving average price of $127.30. The company has a debt-to-equity ratio of 0.51, a quick ratio of 4.10 and a current ratio of 4.10.

Institutional Trading of Welltower

Several hedge funds and other institutional investors have recently modified their holdings of WELL. Laurel Wealth Advisors LLC acquired a new stake in Welltower in the 4th quarter valued at $25,000. Roxbury Financial LLC bought a new stake in shares of Welltower during the 4th quarter worth approximately $26,000. Sierra Ocean LLC bought a new stake in Welltower in the fourth quarter valued at approximately $28,000. Fortitude Family Office LLC raised its holdings in Welltower by 37.0% in the 3rd quarter. Fortitude Family Office LLC now owns 289 shares of the real estate investment trust’s stock valued at $37,000 after acquiring an additional 78 shares during the period. Finally, Versant Capital Management Inc lifted its holdings in shares of Welltower by 165.5% during the fourth quarter. Versant Capital Management Inc now owns 300 shares of the real estate investment trust’s stock worth $38,000 after buying an additional 187 shares in 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.