abrdn plc boosted its holdings in shares of Welltower Inc. (NYSE:WELL - Free Report) by 12.7% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. 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 owned approximately 0.22% of Welltower worth $167,121,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. First Foundation Advisors acquired a new stake in shares of Welltower during the 2nd quarter worth about $26,000. TruNorth Capital Management LLC acquired a new stake in Welltower during the second quarter worth approximately $27,000. Meeder Asset Management Inc. bought a new stake in shares of Welltower during the second quarter worth approximately $30,000. Manchester Capital Management LLC grew its position in shares of Welltower by 338.7% in the first quarter. Manchester Capital Management LLC now owns 329 shares of the real estate investment trust's stock valued at $31,000 after purchasing an additional 254 shares during the last quarter. Finally, Centerpoint Advisors LLC bought a new position in shares of Welltower during the second quarter worth approximately $31,000. Institutional investors own 94.80% of the company's stock.
Wall Street Analyst Weigh In
Several analysts recently issued reports on WELL shares. Wolfe Research upgraded Welltower to a "strong-buy" rating in a research note on Friday, August 9th. Royal Bank of Canada upped their price target on shares of Welltower from $101.00 to $114.00 and gave the company a "sector perform" rating in a research note on Friday, August 9th. Wells Fargo & Company reaffirmed an "equal weight" rating and set a $135.00 price target (up from $134.00) on shares of Welltower in a research report on Tuesday, October 1st. Evercore ISI boosted their price objective on shares of Welltower from $106.00 to $114.00 and gave the company an "in-line" rating in a report on Monday, September 16th. Finally, Deutsche Bank Aktiengesellschaft raised their target price on shares of Welltower from $115.00 to $137.00 and gave the stock a "buy" rating in a report on Wednesday, August 21st. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, seven have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, Welltower presently has a consensus rating of "Moderate Buy" and a consensus target price of $115.38.
View Our Latest Analysis on WELL
Welltower Price Performance
Shares of WELL stock traded up $6.77 during trading hours on Tuesday, reaching $137.34. The company's stock had a trading volume of 4,117,313 shares, compared to its average volume of 2,679,074. Welltower Inc. has a fifty-two week low of $80.80 and a fifty-two week high of $137.73. The firm's 50 day simple moving average is $125.93 and its 200-day simple moving average is $111.38. The company has a quick ratio of 4.07, a current ratio of 4.07 and a debt-to-equity ratio of 0.47. The company has a market capitalization of $82.12 billion, a price-to-earnings ratio of 166.11, a PEG ratio of 2.91 and a beta of 1.21.
Welltower (NYSE:WELL - Get Free Report) last released its quarterly earnings data on Monday, October 28th. The real estate investment trust reported $0.73 earnings per share for the quarter, missing the consensus estimate of $1.04 by ($0.31). The business had revenue of $2.06 billion during the quarter, compared to analyst estimates of $1.95 billion. Welltower had a net margin of 8.36% and a return on equity of 2.21%. The business's quarterly revenue was up 23.7% compared to the same quarter last year. During the same period last year, the business earned $0.92 earnings per share. Sell-side analysts forecast that Welltower Inc. will post 4.19 earnings per share for the current year.
Welltower Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, November 21st. Investors of record on Wednesday, November 13th will be paid a $0.67 dividend. This represents a $2.68 annualized dividend and a yield of 1.95%. The ex-dividend date of this dividend is Wednesday, November 13th. Welltower's payout ratio is 330.86%.
About Welltower
(
Free Report)
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.
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