Chevy Chase Trust Holdings LLC Sells 15,153 Shares of Welltower Inc. (NYSE:WELL)

Chevy Chase Trust Holdings LLC decreased its holdings in shares of Welltower Inc. (NYSE:WELL) by 4.6% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 312,820 shares of the real estate investment trust’s stock after selling 15,153 shares during the quarter. Chevy Chase Trust Holdings LLC’s holdings in Welltower were worth $40,050,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in WELL. First Foundation Advisors bought a new position in Welltower in the 2nd quarter valued at approximately $26,000. TruNorth Capital Management LLC acquired a new position in shares of Welltower during the second quarter worth $27,000. Meeder Asset Management Inc. acquired a new position in shares of Welltower during the second quarter worth $30,000. Centerpoint Advisors LLC bought a new position in shares of Welltower in the 2nd quarter valued at $31,000. Finally, Fortitude Family Office LLC boosted its holdings 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 acquiring an additional 78 shares in the last quarter. Institutional investors own 94.80% of the company’s stock.

Analyst Ratings Changes

WELL has been the subject of a number of recent research reports. StockNews.com raised Welltower from a “sell” rating to a “hold” rating in a report on Wednesday, October 30th. Royal Bank of Canada raised their price objective on shares of Welltower from $101.00 to $114.00 and gave the company a “sector perform” rating in a report on Friday, August 9th. Evercore ISI boosted their target price on shares of Welltower from $106.00 to $114.00 and gave the stock an “in-line” rating in a report on Monday, September 16th. Wedbush raised their price target on shares of Welltower from $100.00 to $120.00 and gave the company a “neutral” rating in a research note on Monday, August 5th. Finally, Scotiabank boosted their price objective on shares of Welltower from $133.00 to $142.00 and gave the stock a “sector outperform” rating in a research note on Monday, November 25th. Five analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Welltower presently has an average rating of “Moderate Buy” and a consensus target price of $117.50.

Welltower Stock Down 2.9 %

Shares of NYSE WELL opened at $134.11 on Tuesday. The company’s fifty day simple moving average is $132.24 and its 200 day simple moving average is $118.48. Welltower Inc. has a 12-month low of $85.40 and a 12-month high of $140.75. The firm has a market cap of $83.51 billion, a PE ratio of 88.23, a P/E/G ratio of 3.10 and a beta of 1.20. The company has a quick ratio of 4.10, a current ratio of 4.10 and a debt-to-equity ratio of 0.51.

Welltower (NYSE:WELL) last released its quarterly earnings data on Monday, October 28th. The real estate investment trust reported $0.73 EPS for the quarter, missing the consensus estimate of $1.04 by ($0.31). Welltower had a net margin of 12.22% and a return on equity of 3.20%. The firm had revenue of $2.06 billion for the quarter, compared to the consensus estimate of $1.95 billion. During the same quarter in the prior year, the firm earned $0.92 EPS. The company’s revenue was up 23.7% compared to the same quarter last year. As a group, sell-side analysts forecast that Welltower Inc. will post 4.3 earnings per share for the current fiscal year.

Welltower Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, November 21st. Investors of record on Wednesday, November 13th were given a $0.67 dividend. The ex-dividend date of this dividend was Wednesday, November 13th. This represents a $2.68 annualized dividend and a yield of 2.00%. Welltower’s payout ratio is 176.32%.

Welltower 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.