abrdn plc Acquires 148,017 Shares of Welltower Inc. (NYSE:WELL)

abrdn plc boosted its holdings in shares of Welltower Inc. (NYSE:WELL) by 12.7% in the third quarter, Holdings Channel.com reports. The fund owned 1,311,061 shares of the real estate investment trust’s stock after buying an additional 148,017 shares during the quarter. abrdn plc’s holdings in Welltower were worth $167,121,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. First Foundation Advisors bought a new position in shares of Welltower in the 2nd quarter worth $26,000. TruNorth Capital Management LLC acquired a new position in Welltower in the second quarter valued at about $27,000. Meeder Asset Management Inc. bought a new position in Welltower during the second quarter worth about $30,000. Manchester Capital Management LLC boosted its holdings in Welltower by 338.7% during the first quarter. Manchester Capital Management LLC now owns 329 shares of the real estate investment trust’s stock worth $31,000 after buying an additional 254 shares during the last quarter. Finally, Centerpoint Advisors LLC acquired a new position in shares of Welltower during the 2nd quarter worth about $31,000. Institutional investors own 94.80% of the company’s stock.

Welltower Stock Performance

Shares of Welltower stock opened at $130.57 on Tuesday. The company has a debt-to-equity ratio of 0.47, a current ratio of 4.07 and a quick ratio of 4.07. The firm has a market cap of $78.07 billion, a price-to-earnings ratio of 161.20, a price-to-earnings-growth ratio of 2.91 and a beta of 1.21. The stock’s 50-day moving average is $125.93 and its 200-day moving average is $111.38. Welltower Inc. has a one year low of $80.80 and a one year high of $132.66.

Welltower (NYSE:WELL) last released its quarterly earnings results on Monday, July 29th. The real estate investment trust reported $0.42 earnings per share for the quarter, topping analysts’ consensus estimates of $0.34 by $0.08. The firm had revenue of $1.82 billion during the quarter, compared to the consensus estimate of $1.89 billion. Welltower had a return on equity of 2.21% and a net margin of 8.36%. The business’s revenue was up 9.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.90 EPS. Equities analysts predict that Welltower Inc. will post 4.19 earnings per share for the current fiscal year.

Analyst Ratings Changes

WELL has been the topic of a number of analyst reports. Wells Fargo & Company reiterated an “equal weight” rating and issued a $135.00 price target (up from $134.00) on shares of Welltower in a research report on Tuesday, October 1st. StockNews.com cut shares of Welltower from a “hold” rating to a “sell” rating in a research report on Monday, October 7th. Royal Bank of Canada upped their price objective on shares of Welltower from $101.00 to $114.00 and gave the company a “sector perform” rating in a research report on Friday, August 9th. Evercore ISI raised their price objective on Welltower from $106.00 to $114.00 and gave the stock an “in-line” rating in a research note on Monday, September 16th. Finally, Morgan Stanley boosted their target price on Welltower from $103.00 to $107.50 and gave the company an “overweight” rating in a research note on Thursday, July 11th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, seven have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $115.38.

Welltower Company Profile

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.