Welltower (NYSE:WELL) was downgraded by stock analysts at TheStreet from a “b” rating to a “c+” rating in a report released on Thursday.
Several other analysts have also recently issued reports on WELL. ValuEngine upgraded Welltower from a “strong sell” rating to a “sell” rating in a report on Thursday, June 28th. Jefferies Financial Group upped their target price on Welltower from $56.00 to $64.00 and gave the company a “hold” rating in a report on Friday, June 29th. Stifel Nicolaus set a $66.00 target price on Welltower and gave the company a “buy” rating in a report on Monday, July 30th. Citigroup upped their target price on Welltower to $62.00 and gave the company a “positive” rating in a report on Wednesday, June 27th. Finally, BMO Capital Markets restated a “hold” rating and issued a $58.00 target price on shares of Welltower in a report on Monday, July 30th. Twelve analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $63.00.
Shares of WELL traded down $0.13 during trading hours on Thursday, hitting $61.60. 2,460,837 shares of the stock were exchanged, compared to its average volume of 2,366,897. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.77 and a current ratio of 1.77. Welltower has a 12-month low of $49.58 and a 12-month high of $69.80. The stock has a market capitalization of $23.93 billion, a price-to-earnings ratio of 14.63, a PEG ratio of 2.71 and a beta of 0.26.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in WELL. Atlantic Trust Group LLC purchased a new position in shares of Welltower during the 1st quarter worth $124,000. Summit Trail Advisors LLC purchased a new position in shares of Welltower during the 1st quarter worth $135,000. Trust Co. of Vermont grew its holdings in shares of Welltower by 76.5% during the 2nd quarter. Trust Co. of Vermont now owns 2,189 shares of the real estate investment trust’s stock worth $138,000 after purchasing an additional 949 shares during the period. Assetmark Inc. purchased a new position in shares of Welltower during the 1st quarter worth $147,000. Finally, Equitec Specialists LLC purchased a new position in shares of Welltower during the 1st quarter worth $155,000. Institutional investors and hedge funds own 84.90% of the company’s stock.
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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