abrdn plc Acquires 26,146 Shares of Welltower Inc. (NYSE:WELL)

abrdn plc lifted its holdings in shares of Welltower Inc. (NYSE:WELL) by 2.0% in the 4th quarter, HoldingsChannel reports. The fund owned 1,337,207 shares of the real estate investment trust’s stock after purchasing an additional 26,146 shares during the period. abrdn plc’s holdings in Welltower were worth $167,692,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Wellington Management Group LLP lifted its position in shares of Welltower by 10.6% during the third quarter. Wellington Management Group LLP now owns 18,685,844 shares of the real estate investment trust’s stock valued at $2,392,349,000 after purchasing an additional 1,797,330 shares in the last quarter. FMR LLC increased its stake in Welltower by 38.1% in the 3rd quarter. FMR LLC now owns 14,428,564 shares of the real estate investment trust’s stock valued at $1,847,289,000 after buying an additional 3,977,845 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of Welltower by 638.0% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 6,920,426 shares of the real estate investment trust’s stock worth $886,022,000 after buying an additional 5,982,711 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of Welltower by 0.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 6,066,213 shares of the real estate investment trust’s stock valued at $776,657,000 after acquiring an additional 46,332 shares in the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. increased its position in shares of Welltower by 11.1% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,914,363 shares of the real estate investment trust’s stock valued at $373,126,000 after acquiring an additional 291,839 shares during the last quarter. Institutional investors and hedge funds own 94.80% of the company’s stock.

Welltower Price Performance

WELL stock opened at $140.37 on Tuesday. The firm has a 50 day moving average of $130.04 and a 200-day moving average of $126.63. The firm has a market capitalization of $87.41 billion, a P/E ratio of 92.35, a price-to-earnings-growth ratio of 2.71 and a beta of 1.22. Welltower Inc. has a 12 month low of $85.40 and a 12 month high of $140.75. The company has a current ratio of 4.10, a quick ratio of 4.10 and a debt-to-equity ratio of 0.51.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the company. Jefferies Financial Group raised Welltower from a “hold” rating to a “buy” rating and raised their target price for the company from $132.00 to $147.00 in a research report on Thursday, January 2nd. StockNews.com raised shares of Welltower from a “sell” rating to a “hold” rating in a research report on Wednesday, October 30th. Raymond James increased their target price on shares of Welltower from $145.00 to $155.00 and gave the company a “strong-buy” rating in a research report on Monday, December 16th. Scotiabank lifted their price target on shares of Welltower from $142.00 to $144.00 and gave the stock a “sector outperform” rating in a report on Monday, January 27th. Finally, Bank of America increased their price objective on Welltower from $190.00 to $221.00 and gave the company a “buy” rating in a report on Friday, January 24th. Five research analysts have rated the stock with a hold rating, eight have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, Welltower presently has a consensus rating of “Moderate Buy” and a consensus target price of $134.96.

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.