Welltower (WELL) Cut to “C+” at TheStreet

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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.

Welltower (NYSE:WELL) last issued its quarterly earnings results on Friday, July 27th. The real estate investment trust reported $0.41 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.99 by ($0.58). Welltower had a return on equity of 4.95% and a net margin of 13.64%. The firm had revenue of $1.13 billion for the quarter, compared to analysts’ expectations of $1.10 billion. The company’s revenue for the quarter was up 6.4% compared to the same quarter last year. On average, analysts predict that Welltower will post 4.03 earnings per share for the current year.

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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Analyst Recommendations for Welltower (NYSE:WELL)

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