Welltower Inc (NYSE:WELL) – Investment analysts at KeyCorp upped their FY2021 earnings estimates for Welltower in a research note issued to investors on Wednesday, July 8th. KeyCorp analyst J. Sadler now forecasts that the real estate investment trust will earn $3.38 per share for the year, up from their previous forecast of $2.93.

A number of other equities research analysts have also recently commented on the company. Royal Bank of Canada decreased their price target on Welltower from $56.00 to $45.00 in a research note on Friday, May 15th. Bank of America cut shares of Welltower from a “neutral” rating to an “underperform” rating in a research note on Monday, March 23rd. JPMorgan Chase & Co. dropped their target price on shares of Welltower from $83.00 to $52.00 and set a “neutral” rating on the stock in a research report on Friday, April 3rd. Wells Fargo & Co raised their price target on shares of Welltower from $52.00 to $54.00 and gave the stock an “overweight” rating in a report on Monday, June 22nd. Finally, Edward Jones lowered shares of Welltower from a “buy” rating to a “hold” rating in a report on Thursday, May 7th. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and seven have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $61.23.

Shares of Welltower stock opened at $50.02 on Monday. The company has a quick ratio of 2.00, a current ratio of 2.00 and a debt-to-equity ratio of 0.82. The company has a market cap of $20.89 billion, a P/E ratio of 16.19, a PEG ratio of 6.20 and a beta of 0.84. The firm’s 50 day moving average price is $53.28 and its 200-day moving average price is $62.14. Welltower has a 52-week low of $24.27 and a 52-week high of $93.17.

Welltower (NYSE:WELL) last posted its earnings results on Wednesday, May 6th. The real estate investment trust reported $1.02 earnings per share for the quarter, topping analysts’ consensus estimates of $1.01 by $0.01. Welltower had a return on equity of 8.51% and a net margin of 24.71%. The company had revenue of $1.26 billion during the quarter, compared to analyst estimates of $1.28 billion. During the same quarter in the prior year, the business earned $0.71 earnings per share. Welltower’s revenue was down 1.1% on a year-over-year basis.

Hedge funds have recently made changes to their positions in the company. Psagot Investment House Ltd. purchased a new stake in shares of Welltower during the fourth quarter worth about $25,000. Pacitti Group Inc. purchased a new position in shares of Welltower in the fourth quarter worth about $28,000. FSA Wealth Management LLC purchased a new position in shares of Welltower in the fourth quarter worth about $51,000. NuWave Investment Management LLC acquired a new stake in Welltower in the 2nd quarter valued at about $33,000. Finally, Capital Bank & Trust Co lifted its stake in Welltower by 608.2% in the 4th quarter. Capital Bank & Trust Co now owns 694 shares of the real estate investment trust’s stock worth $57,000 after purchasing an additional 596 shares in the last quarter. 88.23% 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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Earnings History and Estimates for Welltower (NYSE:WELL)

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