Welltower (NYSE:WELL) was downgraded by Raymond James from an “outperform” rating to a “market perform” rating in a research note issued on Thursday, The Fly reports. The analysts noted that the move was a valuation call.
Several other analysts have also commented on the company. Morgan Stanley lifted their price objective on Welltower from $77.00 to $83.00 and gave the stock an “overweight” rating in a report on Thursday, March 28th. Citigroup lifted their price objective on Welltower from $71.00 to $75.00 and gave the stock a “neutral” rating in a report on Thursday, February 14th. BMO Capital Markets reaffirmed a “hold” rating and issued a $73.00 price objective on shares of Welltower in a report on Wednesday, May 1st. Royal Bank of Canada lifted their price objective on Welltower to $76.00 and gave the stock a “sector perform” rating in a report on Thursday, February 21st. Finally, Mitsubishi UFJ Financial Group lifted their price objective on Welltower to $82.00 and gave the stock an “overweight” rating in a report on Wednesday, February 13th. Eight investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $73.29.
Welltower stock opened at $82.27 on Thursday. The firm has a market capitalization of $33.25 billion, a price-to-earnings ratio of 20.41, a price-to-earnings-growth ratio of 4.04 and a beta of 0.30. Welltower has a 12 month low of $56.60 and a 12 month high of $83.87. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.84 and a quick ratio of 1.84.
In other Welltower news, CEO Thomas J. Derosa sold 19,307 shares of the business’s stock in a transaction dated Tuesday, May 14th. The stock was sold at an average price of $77.90, for a total transaction of $1,504,015.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 0.15% of the company’s stock.
A number of large investors have recently added to or reduced their stakes in WELL. Orrstown Financial Services Inc. purchased a new stake in shares of Welltower in the first quarter worth about $25,000. Clarfeld Financial Advisors LLC purchased a new stake in shares of Welltower in the fourth quarter worth about $27,000. Ellis Investment Partners LLC purchased a new stake in shares of Welltower in the first quarter worth about $27,000. JNBA Financial Advisors purchased a new stake in shares of Welltower in the fourth quarter worth about $28,000. Finally, Citizens Financial Group Inc RI purchased a new stake in shares of Welltower in the first quarter worth about $30,000. 87.07% 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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