Mizuho Increases Welltower (NYSE:WELL) Price Target to $105.00

Welltower (NYSE:WELL) had its target price increased by investment analysts at Mizuho from $98.00 to $105.00 in a research note issued to investors on Wednesday, Benzinga reports. The firm presently has a “buy” rating on the real estate investment trust’s stock. Mizuho’s target price points to a potential upside of 5.89% from the stock’s previous close.

WELL has been the topic of a number of other research reports. StockNews.com raised Welltower from a “sell” rating to a “hold” rating in a research note on Monday. Scotiabank cut their price objective on shares of Welltower from $97.00 to $96.00 and set a “sector outperform” rating on the stock in a report on Monday, March 4th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Welltower in a report on Tuesday, January 30th. They issued a “buy” rating and a $115.00 target price for the company. Finally, BNP Paribas initiated coverage on shares of Welltower in a report on Monday, March 18th. They issued an “outperform” rating and a $104.00 price target on the stock. Five equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Welltower currently has an average rating of “Moderate Buy” and an average target price of $96.07.

Welltower Price Performance

Shares of NYSE:WELL opened at $99.16 on Wednesday. Welltower has a 12 month low of $72.47 and a 12 month high of $99.34. The firm has a market capitalization of $59.29 billion, a price-to-earnings ratio of 122.42, a price-to-earnings-growth ratio of 2.42 and a beta of 1.07. The business’s 50 day simple moving average is $92.60 and its 200-day simple moving average is $90.06. The company has a debt-to-equity ratio of 0.50, a current ratio of 3.83 and a quick ratio of 3.83.

Welltower (NYSE:WELL) last posted its earnings results on Monday, April 29th. The real estate investment trust reported $0.22 earnings per share for the quarter, missing the consensus estimate of $0.94 by ($0.72). The firm had revenue of $1.86 billion during the quarter, compared to analyst estimates of $1.81 billion. Welltower had a net margin of 6.37% and a return on equity of 1.77%. The firm’s revenue for the quarter was up 19.2% on a year-over-year basis. During the same period last year, the company posted $0.85 EPS. As a group, equities analysts forecast that Welltower will post 4.06 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Welltower

A number of hedge funds have recently added to or reduced their stakes in the business. Stratos Wealth Partners LTD. boosted its position in Welltower by 56.8% during the 3rd quarter. Stratos Wealth Partners LTD. now owns 5,756 shares of the real estate investment trust’s stock valued at $472,000 after purchasing an additional 2,084 shares during the period. Mackenzie Financial Corp boosted its holdings in shares of Welltower by 11.6% during the third quarter. Mackenzie Financial Corp now owns 59,809 shares of the real estate investment trust’s stock valued at $4,743,000 after acquiring an additional 6,201 shares during the period. Mirae Asset Global Investments Co. Ltd. grew its position in shares of Welltower by 4.7% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 123,276 shares of the real estate investment trust’s stock worth $10,099,000 after acquiring an additional 5,492 shares during the last quarter. Advisor Partners II LLC increased its holdings in shares of Welltower by 4.5% in the 3rd quarter. Advisor Partners II LLC now owns 19,630 shares of the real estate investment trust’s stock worth $1,608,000 after acquiring an additional 843 shares during the period. Finally, Park Avenue Securities LLC lifted its position in Welltower by 3.8% in the 3rd quarter. Park Avenue Securities LLC now owns 12,243 shares of the real estate investment trust’s stock valued at $1,003,000 after purchasing an additional 451 shares during the last quarter. Institutional investors and hedge funds own 94.80% of the company’s stock.

Welltower Company Profile

Welltower Inc (NYSE:WELL), a 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 and infrastructure needed to scale innovative care delivery models and improve people's wellness and overall health care experience.