Capital One Financial Begins Hedging Welltower (NYSE:WELL)


Investment analysts at Capital One Financial began to cover the shares of Well Tower (NYSE: GOODGet a rating) in a research note delivered to investors on Friday, Briefing.com reports. The company has set an “overweight” rating and a price target of $95.00 on the shares of the real estate investment trust. Capital One FinancialThe company’s price target indicates a potential upside of 6.90% from the company’s previous close.

Several other research analysts have also published reports on the stock. Scotiabank upgraded Welltower shares from an “sector outperform” rating to an “sector outperform” rating and set a target price of $110.00 for the company in a research report on Monday 4 april. Zacks Investment Research downgraded Welltower shares from a “hold” rating to a “sell” rating and set a price target of $88.00 for the company. in a Monday, February 21 research note. Royal Bank of Canada raised its price target on Welltower shares from $97.00 to $100.00 in a Friday, May 20 research note. Morgan Stanley raised its price target on Welltower shares from $95.50 to $100.00 in a Thursday, March 17 research note. Finally, Mizuho raised its price target on Welltower shares from $94.00 to $96.00 and gave the stock a “buy” rating in a Monday, March 21 research note. One financial analyst assigned the stock a sell rating, three assigned a hold rating, thirteen assigned a buy rating and one assigned a strong buy rating to the company’s stock. Based on MarketBeat data, Welltower has an average rating of “Buy” and a consensus price target of $97.29.

GOOD opened at $88.87 on Friday. The company has a fifty-day moving average price of $92.55 and a 200-day moving average price of $87.73. The company has a market capitalization of $40.34 billion, a P/E ratio of 118.49, a price-to-earnings growth ratio of 3.00 and a beta of 0.98. The company has a debt ratio of 0.78, a current ratio of 2.13 and a quick ratio of 2.13. Welltower has a one-year low of $75.60 and a one-year high of $99.43.

Well Tower (NYSE: GOODGet a rating) last announced its results on Tuesday, May 10. The real estate investment trust reported earnings per share (EPS) of $0.14 for the quarter, missing the consensus estimate of $0.82 per ($0.68). Welltower had a return on equity of 1.81% and a net margin of 6.42%. The company posted revenue of $1.40 billion in the quarter, compared to $1.38 billion expected by analysts. During the same quarter last year, the firm posted earnings per share of $0.80. The company’s revenue increased 32.7% year over year. On average, analysts expect Welltower to post earnings per share of 3.54 for the current year.

Several hedge funds have recently changed their positions in WELL. Mirae Asset Global Investments Co. Ltd. increased its stake in Welltower shares by 28.2% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 74,823 shares of the real estate investment trust valued at $7,194,000 after purchasing an additional 16,436 shares last quarter. M Holdings Securities Inc. bought a new position in Welltower during the first quarter worth $1,795,000. Advisory Services Network LLC increased its stake in Welltower by 10.1% in the first quarter. Advisory Services Network LLC now owns 3,570 shares of the real estate investment trust worth $344,000 after acquiring 327 additional shares in the last quarter. Neuberger Berman Group LLC increased its stake in Welltower shares by 4.5% in the first quarter. Neuberger Berman Group LLC now owns 1,321,492 shares of the real estate investment trust worth $127,058,000 after acquiring an additional 57,090 shares in the last quarter. Finally, Sawtooth Solutions LLC increased its equity stake in Welltower by 12.8% during the first quarter. Sawtooth Solutions LLC now owns 8,571 shares of the real estate investment trust worth $824,000 after acquiring 973 additional shares in the last quarter. Hedge funds and other institutional investors own 93.79% of the company’s shares.

About Welltower (Get a rating)

Welltower Inc (NYSE: WELL), an S&P 500 company headquartered in Toledo, Ohio, is driving the transformation of healthcare infrastructure. The company invests with leading senior housing operators, post-acute care providers and health systems to fund the real estate infrastructure needed to scale innovative care delivery models and improve well- being people and the overall health care experience.

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