JP Morgan Upgrades Welltower to Overweight from Neutral
Fintel reports that on September 24, 2026, JP Morgan upgraded their outlook for Welltower (NYSE:WELL) (DB:HCW) from Neutral to Overweight. This rating action follows a prior action by JP Morgan on December 18, 2025, when the firm downgraded the company from Overweight to Neutral.
On September 24, 2026, Welltower closed at $233.57, after a close of $229.87 on September 23, 2026. One-week price change: +0.56% from a baseline close of $232.26 on September 17, 2026. One-month price change: -2.68% from a baseline close of $240.01 on August 24, 2026.
Welltower Inc. is a U.S.-based real estate investment trust operating in the healthcare infrastructure sector, focusing on senior living communities, outpatient medical properties, and health system real estate.
In its latest quarterly report on July 27, 2026, Welltower reported actual revenue of $3,544,586,000.00 versus estimated revenue of $3,440,341,904.00. Actual earnings per share were 0.61 versus an estimated 0.6388 (earnings surprise -4.51%).
As of September 15, 2026, the consensus target mean for Welltower was $268.06, with a median target of $265.71, representing an implied change of +14.76%. The prior consensus target mean was $264.13 as of August 28, 2026, a consensus target revision of +1.49%.
Aggregate recommendation profile for the period of September 1, 2026: 6 strong buy, 17 buy, and 5 hold — 82.1% positive recommendations and 17.9% hold recommendations.
Recent analyst actions: Evercore ISI Group maintained an Outperform rating on September 21, 2026; Scotiabank maintained a Sector Outperform on September 2, 2026; Wells Fargo and Morgan Stanley maintained Overweight ratings on September 1, 2026; Barclays maintained an Equal-Weight rating on August 31, 2026.
Recent analyst actions
| Date | Analyst | Prior | Latest recommendation | Action |
|---|---|---|---|---|
| September 24, 2026 | JP Morgan | Neutral | Overweight | upgrade |
| September 21, 2026 | Evercore ISI Group | Outperform | Outperform | maintained |
| September 2, 2026 | Scotiabank | Sector Outperform | Sector Outperform | maintained |
| September 1, 2026 | Wells Fargo | Overweight | Overweight | maintained |
| September 1, 2026 | Morgan Stanley | Overweight | Overweight | maintained |
| August 31, 2026 | Barclays | Equal-Weight | Equal-Weight | maintained |
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This story originally appeared on Fintel.