Chevy Chase Trust Holdings LLC Sells 108 Shares of Welltower Inc. (NYSE:WELL)

Chevy Chase Trust Holdings LLC reduced its stake in Welltower Inc. (NYSE:WELL) by 0.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 312,712 shares of the real estate investment trust’s stock after selling 108 shares during the period. Chevy Chase Trust Holdings LLC owned 0.05% of Welltower worth $39,411,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Creative Planning grew its holdings in Welltower by 2.3% in the third quarter. Creative Planning now owns 165,077 shares of the real estate investment trust’s stock worth $21,135,000 after purchasing an additional 3,682 shares during the period. Vontobel Holding Ltd. grew its holdings in Welltower by 10.4% in the third quarter. Vontobel Holding Ltd. now owns 19,617 shares of the real estate investment trust’s stock worth $2,512,000 after purchasing an additional 1,846 shares during the period. Probity Advisors Inc. purchased a new stake in Welltower in the third quarter worth about $238,000. Bleakley Financial Group LLC grew its holdings in Welltower by 5.0% in the third quarter. Bleakley Financial Group LLC now owns 12,790 shares of the real estate investment trust’s stock worth $1,638,000 after purchasing an additional 611 shares during the period. Finally, Marshall Financial Group LLC purchased a new stake in Welltower in the third quarter worth about $654,000. 94.80% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on WELL. Raymond James upped their price objective 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. Bank of America upped their price objective on shares of Welltower from $190.00 to $221.00 and gave the stock a “buy” rating in a report on Friday, January 24th. Wedbush upgraded shares of Welltower from a “neutral” rating to an “outperform” rating and increased their price target for the company from $145.00 to $167.00 in a report on Friday. Mizuho increased their price target on shares of Welltower from $136.00 to $141.00 and gave the company an “outperform” rating in a report on Thursday, December 5th. Finally, Jefferies Financial Group upgraded shares of Welltower from a “hold” rating to a “buy” rating and increased their price target for the company from $132.00 to $147.00 in a report on Thursday, January 2nd. One analyst has rated the stock with a sell rating, three have issued a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $138.58.

Welltower Stock Down 0.9 %

Shares of Welltower stock opened at $150.03 on Friday. The company has a market cap of $93.42 billion, a price-to-earnings ratio of 98.70, a price-to-earnings-growth ratio of 2.83 and a beta of 1.23. The company’s 50 day moving average is $131.37 and its 200 day moving average is $128.56. Welltower Inc. has a twelve month low of $87.87 and a twelve month high of $151.96. 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 issued its quarterly earnings data on Tuesday, February 11th. The real estate investment trust reported $1.13 earnings per share for the quarter, beating analysts’ consensus estimates of $0.40 by $0.73. Welltower had a net margin of 12.22% and a return on equity of 3.20%. Research analysts anticipate that Welltower Inc. will post 4.3 EPS for the current year.

Welltower Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 6th. Stockholders of record on Tuesday, February 25th will be paid a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a dividend yield of 1.79%. The ex-dividend date is Tuesday, February 25th. Welltower’s dividend payout ratio is presently 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.