Analysts Set Welltower Inc. (NYSE:WELL) PT at $204.80

Shares of Welltower Inc. (NYSE:WELL) have earned a consensus rating of “Moderate Buy” from the fifteen ratings firms that are currently covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell rating, two have assigned a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. The average 1-year target price among brokerages that have covered the stock in the last year is $204.80.

A number of research firms have issued reports on WELL. Weiss Ratings restated a “buy (b-)” rating on shares of Welltower in a research report on Monday, December 29th. National Bankshares set a $246.00 price target on Welltower in a report on Friday, October 17th. Scotiabank upped their price target on Welltower from $182.00 to $214.00 and gave the company a “sector outperform” rating in a research report on Thursday, November 13th. Cantor Fitzgerald reiterated an “overweight” rating and issued a $204.00 price objective on shares of Welltower in a research report on Monday, January 5th. Finally, Wells Fargo & Company boosted their target price on Welltower from $200.00 to $218.00 and gave the company an “overweight” rating in a research note on Tuesday, November 25th.

Welltower Price Performance

WELL opened at $196.16 on Thursday. The company has a debt-to-equity ratio of 0.43, a current ratio of 5.47 and a quick ratio of 5.47. The stock’s 50 day simple moving average is $189.33 and its 200 day simple moving average is $180.10. The firm has a market cap of $134.63 billion, a price-to-earnings ratio of 135.28, a PEG ratio of 1.36 and a beta of 0.85. Welltower has a 1 year low of $130.29 and a 1 year high of $209.05.

Institutional Investors Weigh In On Welltower

A number of large investors have recently modified their holdings of WELL. Norges Bank bought a new stake in Welltower during the 2nd quarter valued at approximately $4,903,554,000. Vanguard Group Inc. grew its stake in Welltower by 4.7% in the third quarter. Vanguard Group Inc. now owns 89,778,383 shares of the real estate investment trust’s stock worth $15,993,121,000 after purchasing an additional 3,991,896 shares during the period. Capital World Investors raised its holdings in Welltower by 167.2% in the third quarter. Capital World Investors now owns 4,247,262 shares of the real estate investment trust’s stock worth $756,607,000 after purchasing an additional 2,657,766 shares in the last quarter. Capital International Investors lifted its position in Welltower by 4.1% during the third quarter. Capital International Investors now owns 46,516,255 shares of the real estate investment trust’s stock valued at $8,285,296,000 after buying an additional 1,842,934 shares during the period. Finally, State Street Corp boosted its holdings in shares of Welltower by 4.6% during the 2nd quarter. State Street Corp now owns 39,616,289 shares of the real estate investment trust’s stock valued at $6,090,212,000 after buying an additional 1,740,196 shares in the last quarter. Institutional investors own 94.80% of the company’s stock.

About Welltower

Welltower Inc (NYSE: WELL) is a real estate investment trust (REIT) that acquires and manages real estate serving the health care industry. The company specializes in healthcare infrastructure, owning and operating a diversified portfolio of senior housing, post-acute and long-term care communities, and outpatient medical properties. Welltower’s assets are designed to support the delivery of health care services through a combination of leased properties, joint ventures, and other capital arrangements with health care operators and providers.

The company’s property types include assisted living, memory care, independent living and skilled nursing facilities, as well as medical office buildings and other outpatient-care real estate such as ambulatory surgery centers and specialty clinics.