Welltower (NYSE:WELL) Coverage Initiated by Analysts at Deutsche Bank Aktiengesellschaft

Deutsche Bank Aktiengesellschaft started coverage on shares of Welltower (NYSE:WELLFree Report) in a research report released on Tuesday, MarketBeat.com reports. The brokerage issued a buy rating and a $115.00 price objective on the real estate investment trust’s stock.

Several other research analysts have also issued reports on the stock. Evercore ISI increased their price target on shares of Welltower from $86.00 to $89.00 and gave the stock an in-line rating in a research report on Monday, November 27th. KeyCorp boosted their price target on Welltower from $90.00 to $95.00 and gave the company an overweight rating in a research note on Friday, January 5th. Royal Bank of Canada lowered Welltower from an outperform rating to a sector perform rating and increased their price objective for the stock from $92.00 to $97.00 in a research note on Tuesday, November 28th. StockNews.com upgraded shares of Welltower from a sell rating to a hold rating in a research note on Wednesday, November 1st. Finally, Raymond James upgraded shares of Welltower from an outperform rating to a strong-buy rating and increased their target price for the stock from $95.00 to $101.00 in a research report on Thursday, November 9th. Five research analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of Moderate Buy and an average target price of $92.79.

Get Our Latest Stock Report on Welltower

Welltower Trading Down 0.3 %

Shares of WELL opened at $86.92 on Tuesday. The stock’s 50-day moving average price is $89.41 and its 200 day moving average price is $85.55. The company has a quick ratio of 3.37, a current ratio of 3.37 and a debt-to-equity ratio of 0.67. The firm has a market capitalization of $48.11 billion, a price-to-earnings ratio of 181.08, a P/E/G ratio of 2.85 and a beta of 1.09. Welltower has a 12-month low of $65.18 and a 12-month high of $93.42.

Welltower (NYSE:WELLGet Free Report) last issued its earnings results on Monday, October 30th. The real estate investment trust reported $0.24 EPS for the quarter, missing analysts’ consensus estimates of $0.89 by ($0.65). The firm had revenue of $1.66 billion during the quarter, compared to analyst estimates of $1.63 billion. Welltower had a net margin of 3.94% and a return on equity of 1.15%. The business’s revenue for the quarter was up 12.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.84 earnings per share. As a group, research analysts predict that Welltower will post 3.63 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Norges Bank acquired a new position in shares of Welltower during the fourth quarter valued at $1,104,830,000. Capital International Investors boosted its stake in shares of Welltower by 46.7% in the 2nd quarter. Capital International Investors now owns 21,383,365 shares of the real estate investment trust’s stock valued at $1,729,700,000 after purchasing an additional 6,808,299 shares during the last quarter. Bank Julius Baer & Co. Ltd Zurich boosted its stake in shares of Welltower by 132,462.4% in the 2nd quarter. Bank Julius Baer & Co. Ltd Zurich now owns 6,205,248 shares of the real estate investment trust’s stock valued at $501,942,000 after purchasing an additional 6,200,567 shares during the last quarter. Deutsche Bank AG grew its position in shares of Welltower by 426.4% during the 1st quarter. Deutsche Bank AG now owns 4,927,021 shares of the real estate investment trust’s stock worth $353,218,000 after buying an additional 3,991,041 shares during the period. Finally, BlackRock Inc. raised its stake in shares of Welltower by 5.8% during the second quarter. BlackRock Inc. now owns 53,409,103 shares of the real estate investment trust’s stock worth $4,320,262,000 after buying an additional 2,929,873 shares during the last quarter. 91.61% of the stock is currently owned by institutional investors.

About Welltower

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Welltower Inc (NYSE:WELL), a real estate investment trust ("REIT") and S&P 500 company headquartered in Toledo, Ohio, is driving the transformation of health care infrastructure. Welltower 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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