Over the past 3 months, 7 analysts have published their opinion on Welltower OP (NYSE:WELL) stock. These analysts are typically employed by large Wall Street banks and tasked with understanding a company's business to predict how a stock will trade over the upcoming year.
If history is any guide, there may be trouble ahead for shares of Welltower OP (NYSE:WELL). A so-called "death cross" has formed on its chart and, not surprisingly, this could be bearish for the stock.
JPMorgan Chase & Co. (NYSE: JPM) is slashing price targets on four popular real estate investment trusts (REITs) as recession fears continue to weigh heavily on the market.
The S&P 500 just came out of its worst week since March 2020 and is still down by over 21% from the beginning of the year, with a move downward from 4,800 to under 3,800.
The Real Estate Select Sector SPDR Fund (NYSEArca: XLRE) has dropped from $51.50 to $39.75, down about 22.5% for the year.