Welltower Inc. (NYSE:WELL) Shares Sold by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC trimmed its holdings in Welltower Inc. (NYSE:WELL) by 0.9% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 54,878 shares of the real estate investment trust’s stock after selling 523 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Welltower were worth $7,026,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Capital International Investors boosted its position in shares of Welltower by 26.4% in the first quarter. Capital International Investors now owns 29,236,326 shares of the real estate investment trust’s stock worth $2,731,842,000 after acquiring an additional 6,104,064 shares during the last quarter. Zimmer Partners LP acquired a new position in shares of Welltower in the 1st quarter valued at $309,917,000. Vanguard Group Inc. grew its stake in shares of Welltower by 3.8% during the 1st quarter. Vanguard Group Inc. now owns 89,187,884 shares of the real estate investment trust’s stock valued at $8,333,716,000 after buying an additional 3,257,213 shares during the period. Duff & Phelps Investment Management Co. acquired a new stake in shares of Welltower during the 2nd quarter worth $254,977,000. Finally, Centersquare Investment Management LLC raised its position in shares of Welltower by 19.0% in the 1st quarter. Centersquare Investment Management LLC now owns 5,329,248 shares of the real estate investment trust’s stock worth $507,771,000 after buying an additional 849,898 shares during the period. Hedge funds and other institutional investors own 94.80% of the company’s stock.

Analysts Set New Price Targets

WELL has been the subject of a number of research reports. Evercore ISI boosted their price target on Welltower from $106.00 to $114.00 and gave the company an “in-line” rating in a research report on Monday, September 16th. Wedbush increased their target price on shares of Welltower from $100.00 to $120.00 and gave the stock a “neutral” rating in a research report on Monday, August 5th. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Welltower from $115.00 to $137.00 and gave the stock a “buy” rating in a research note on Wednesday, August 21st. Morgan Stanley raised their target price on shares of Welltower from $103.00 to $107.50 and gave the company an “overweight” rating in a research note on Thursday, July 11th. Finally, Wolfe Research raised shares of Welltower to a “strong-buy” rating in a research report on Friday, August 9th. One research analyst has rated the stock with a sell rating, four have issued a hold rating, seven have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, Welltower has a consensus rating of “Moderate Buy” and a consensus target price of $115.38.

Welltower Stock Performance

Shares of WELL stock opened at $130.20 on Monday. The company’s fifty day moving average price is $125.63 and its two-hundred day moving average price is $111.09. 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 capitalization of $79.31 billion, a P/E ratio of 126.41, a P/E/G ratio of 2.91 and a beta of 1.21. Welltower Inc. has a 12 month low of $80.80 and a 12 month 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 EPS for the quarter, topping the consensus estimate of $0.34 by $0.08. Welltower had a return on equity of 2.21% and a net margin of 8.36%. The business had revenue of $1.82 billion for the quarter, compared to analysts’ expectations of $1.89 billion. During the same quarter in the previous year, the firm posted $0.90 earnings per share. The company’s revenue was up 9.6% compared to the same quarter last year. On average, research analysts anticipate that Welltower Inc. will post 4.19 earnings per share for the current fiscal year.

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.