Welltower (NYSE:WELL) Cut to “Market Perform” at Raymond James

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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.

Welltower (NYSE:WELL) last posted its earnings results on Tuesday, April 30th. The real estate investment trust reported $1.02 EPS for the quarter, hitting the Zacks’ consensus estimate of $1.02. The business had revenue of $1.27 billion during the quarter, compared to analyst estimates of $1.24 billion. Welltower had a return on equity of 4.97% and a net margin of 13.06%. The company’s quarterly revenue was up 16.0% compared to the same quarter last year. During the same quarter last year, the company earned $0.99 EPS. Equities research analysts forecast that Welltower will post 4.2 earnings per share for the current year.

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.

About Welltower

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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