Welltower (NYSE:WELL) had its price target reduced by Deutsche Bank from $61.00 to $60.00 in a report issued on Friday morning, BenzingaRatingsTable reports. Deutsche Bank currently has a buy rating on the real estate investment trust’s stock.

Several other research firms have also recently commented on WELL. Barclays decreased their target price on shares of Welltower from $52.00 to $49.00 and set an equal weight rating for the company in a research report on Thursday, April 2nd. Wells Fargo & Co upped their price target on shares of Welltower from $52.00 to $54.00 and gave the company an overweight rating in a research report on Monday, June 22nd. Raymond James downgraded shares of Welltower from a strong-buy rating to an outperform rating and reduced their price target for the company from $65.00 to $58.00 in a research report on Wednesday, April 29th. Morgan Stanley dropped their price objective on shares of Welltower from $90.00 to $60.00 and set an overweight rating on the stock in a research note on Tuesday, March 17th. Finally, Evercore ISI upgraded shares of Welltower from an in-line rating to an outperform rating in a research note on Monday, June 15th. Two analysts have rated the stock with a sell rating, eleven have given a hold rating and seven have assigned a buy rating to the stock. The company presently has an average rating of Hold and a consensus price target of $61.23.

WELL stock opened at $50.02 on Friday. The stock has a market capitalization of $20.89 billion, a P/E ratio of 16.19, a PEG ratio of 6.20 and a beta of 0.84. The company has a debt-to-equity ratio of 0.82, a quick ratio of 2.00 and a current ratio of 2.00. Welltower has a one year low of $24.27 and a one year high of $93.17. The company has a 50 day moving average price of $53.28 and a two-hundred day moving average price of $62.14.

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, beating the Thomson Reuters’ consensus estimate of $1.01 by $0.01. Welltower had a net margin of 24.71% and a return on equity of 8.51%. The business had revenue of $1.26 billion for the quarter, compared to analyst estimates of $1.28 billion. During the same quarter in the previous year, the business posted $0.71 EPS. The business’s quarterly revenue was down 1.1% on a year-over-year basis. Research analysts forecast that Welltower will post 3.52 earnings per share for the current fiscal year.

Several large investors have recently added to or reduced their stakes in WELL. BlackRock Inc. increased its position in shares of Welltower by 0.8% during the 1st quarter. BlackRock Inc. now owns 42,578,236 shares of the real estate investment trust’s stock worth $1,949,232,000 after purchasing an additional 350,859 shares in the last quarter. Cohen & Steers Inc. lifted its holdings in shares of Welltower by 47.3% in the first quarter. Cohen & Steers Inc. now owns 34,431,102 shares of the real estate investment trust’s stock worth $1,576,256,000 after acquiring an additional 11,052,984 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of Welltower by 5.4% in the fourth quarter. Geode Capital Management LLC now owns 8,192,931 shares of the real estate investment trust’s stock worth $668,962,000 after acquiring an additional 421,316 shares during the last quarter. Nuveen Asset Management LLC lifted its holdings in shares of Welltower by 13.9% in the first quarter. Nuveen Asset Management LLC now owns 5,866,412 shares of the real estate investment trust’s stock worth $268,564,000 after acquiring an additional 718,068 shares during the last quarter. Finally, Legal & General Group Plc increased its stake in shares of Welltower by 9.4% in the first quarter. Legal & General Group Plc now owns 4,826,691 shares of the real estate investment trust’s stock valued at $221,388,000 after buying an additional 415,445 shares during the period. 88.23% of the stock is owned by institutional investors.

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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