Welltower (NYSE:WELL) Given New $145.00 Price Target at Evercore ISI

Welltower (NYSE:WELL) had its price objective lifted by equities research analysts at Evercore ISI from $144.00 to $145.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The firm presently has an “in-line” rating on the real estate investment trust’s stock. Evercore ISI’s target price indicates a potential downside of 7.48% from the company’s current price.

Several other research firms have also recently issued reports on WELL. Scotiabank upped their price target on shares of Welltower from $144.00 to $165.00 and gave the company a “sector outperform” rating in a report on Friday. StockNews.com lowered shares of Welltower from a “hold” rating to a “sell” rating in a research note on Thursday, February 13th. Jefferies Financial Group upgraded Welltower from a “hold” rating to a “buy” rating and lifted their price target for the stock from $132.00 to $147.00 in a research note on Thursday, January 2nd. Mizuho boosted their price objective on Welltower from $136.00 to $141.00 and gave the company an “outperform” rating in a report on Thursday, December 5th. Finally, Wedbush raised Welltower from a “neutral” rating to an “outperform” rating and increased their target price for the stock from $145.00 to $167.00 in a report on Friday, February 14th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, ten have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, Welltower currently has an average rating of “Moderate Buy” and an average price target of $148.35.

Welltower Stock Performance

Welltower stock opened at $156.72 on Tuesday. The firm’s fifty day moving average price is $136.98 and its 200 day moving average price is $131.87. The company has a debt-to-equity ratio of 0.48, a current ratio of 4.22 and a quick ratio of 4.22. The company has a market capitalization of $100.50 billion, a price-to-earnings ratio of 100.63, a price-to-earnings-growth ratio of 2.87 and a beta of 1.23. Welltower has a 12-month low of $87.87 and a 12-month high of $159.34.

Welltower (NYSE:WELL) last announced its earnings results on Tuesday, February 11th. The real estate investment trust reported $1.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.40 by $0.73. Welltower had a return on equity of 3.15% and a net margin of 11.91%. On average, research analysts forecast that Welltower will post 4.88 EPS for the current fiscal year.

Hedge Funds Weigh In On Welltower

Several institutional investors have recently modified their holdings of the company. Siemens Fonds Invest GmbH boosted its stake in Welltower by 120.1% during the 4th quarter. Siemens Fonds Invest GmbH now owns 16,827 shares of the real estate investment trust’s stock valued at $2,102,000 after purchasing an additional 9,183 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in shares of Welltower during the fourth quarter valued at approximately $194,272,000. Brooklyn FI LLC acquired a new position in shares of Welltower during the fourth quarter worth approximately $638,000. Employees Retirement System of Texas grew its holdings in Welltower by 7.0% in the 4th quarter. Employees Retirement System of Texas now owns 320,000 shares of the real estate investment trust’s stock worth $40,330,000 after buying an additional 21,000 shares in the last quarter. Finally, Azzad Asset Management Inc. ADV increased its position in Welltower by 11.6% in the 4th quarter. Azzad Asset Management Inc. ADV now owns 10,877 shares of the real estate investment trust’s stock valued at $1,371,000 after acquiring an additional 1,134 shares during the period. Institutional investors 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.