Chevy Chase Trust Holdings LLC Reduces Position in Welltower Inc. (NYSE:WELL)

Chevy Chase Trust Holdings LLC lessened its holdings in shares of Welltower Inc. (NYSE:WELL) by 0.0% during the 4th quarter, HoldingsChannel reports. The fund owned 312,712 shares of the real estate investment trust’s stock after selling 108 shares during the quarter. Chevy Chase Trust Holdings LLC’s holdings in Welltower were worth $39,411,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also modified their holdings of the business. Mather Group LLC. lifted its stake in shares of Welltower by 3.8% during the 4th quarter. Mather Group LLC. now owns 2,053 shares of the real estate investment trust’s stock valued at $259,000 after buying an additional 75 shares in the last quarter. Childress Capital Advisors LLC lifted its stake in shares of Welltower by 3.7% during the 4th quarter. Childress Capital Advisors LLC now owns 2,152 shares of the real estate investment trust’s stock valued at $271,000 after buying an additional 76 shares in the last quarter. Fortitude Family Office LLC lifted its stake in shares of Welltower by 37.0% during the 3rd quarter. Fortitude Family Office LLC now owns 289 shares of the real estate investment trust’s stock valued at $37,000 after buying an additional 78 shares in the last quarter. Old North State Wealth Management LLC lifted its stake in shares of Welltower by 0.6% during the 3rd quarter. Old North State Wealth Management LLC now owns 12,864 shares of the real estate investment trust’s stock valued at $1,648,000 after buying an additional 78 shares in the last quarter. Finally, Frank Rimerman Advisors LLC lifted its stake in shares of Welltower by 0.9% during the 3rd quarter. Frank Rimerman Advisors LLC now owns 9,617 shares of the real estate investment trust’s stock valued at $1,231,000 after buying an additional 82 shares in the last quarter. Hedge funds and other institutional investors own 94.80% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. Mizuho boosted their price target on shares of Welltower from $136.00 to $141.00 and gave the stock an “outperform” rating in a research note on Thursday, December 5th. Wedbush upgraded shares of Welltower from a “neutral” rating to an “outperform” rating and boosted their target price for the stock from $145.00 to $167.00 in a report on Friday. StockNews.com downgraded shares of Welltower from a “hold” rating to a “sell” rating in a report on Thursday. Scotiabank boosted their target price 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, Raymond James boosted their target price on shares of Welltower from $145.00 to $155.00 and gave the stock a “strong-buy” rating in a report on Monday, December 16th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, Welltower currently has a consensus rating of “Moderate Buy” and an average target price of $138.58.

Welltower Stock Performance

Shares of NYSE:WELL opened at $150.03 on Friday. The company has a market capitalization of $93.42 billion, a price-to-earnings ratio of 98.70, a PEG ratio of 2.83 and a beta of 1.23. Welltower Inc. has a 12 month low of $87.87 and a 12 month high of $151.96. The firm’s 50-day moving average is $131.37 and its 200 day moving average is $128.56. The company has a current ratio of 4.10, a quick ratio of 4.10 and a debt-to-equity ratio of 0.51.

Welltower (NYSE:WELL) last released its quarterly earnings data on Tuesday, February 11th. The real estate investment trust reported $1.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.40 by $0.73. Welltower had a net margin of 12.22% and a return on equity of 3.20%. Research analysts predict that Welltower Inc. will post 4.3 EPS for the current year.

Welltower Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 6th. Shareholders of record on Tuesday, February 25th will be given a $0.67 dividend. The ex-dividend date is Tuesday, February 25th. This represents a $2.68 annualized dividend and a yield of 1.79%. Welltower’s dividend payout ratio (DPR) is 176.32%.

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.