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

Chevy Chase Trust Holdings LLC decreased its holdings in shares of Welltower Inc. (NYSE:WELL) by 0.8% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 308,010 shares of the real estate investment trust’s stock after selling 2,614 shares during the quarter. Chevy Chase Trust Holdings LLC owned about 0.05% of Welltower worth $28,780,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the business. Trueblood Wealth Management LLC lifted its position in Welltower by 1.2% in the first quarter. Trueblood Wealth Management LLC now owns 9,061 shares of the real estate investment trust’s stock valued at $847,000 after buying an additional 109 shares during the last quarter. First Horizon Advisors Inc. lifted its position in Welltower by 21.2% in the fourth quarter. First Horizon Advisors Inc. now owns 691 shares of the real estate investment trust’s stock valued at $62,000 after buying an additional 121 shares during the last quarter. Graypoint LLC lifted its position in Welltower by 4.8% in the first quarter. Graypoint LLC now owns 2,687 shares of the real estate investment trust’s stock valued at $251,000 after buying an additional 122 shares during the last quarter. Wedmont Private Capital lifted its position in Welltower by 2.4% in the first quarter. Wedmont Private Capital now owns 5,156 shares of the real estate investment trust’s stock valued at $474,000 after buying an additional 123 shares during the last quarter. Finally, Sage Mountain Advisors LLC lifted its position in Welltower by 4.9% in the first quarter. Sage Mountain Advisors LLC now owns 2,667 shares of the real estate investment trust’s stock valued at $249,000 after buying an additional 125 shares during the last quarter. Hedge funds and other institutional investors own 94.80% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the stock. Scotiabank increased their price target on shares of Welltower from $96.00 to $108.00 and gave the stock a “sector outperform” rating in a research report on Thursday, May 16th. Mizuho increased their price target on shares of Welltower from $98.00 to $105.00 and gave the stock a “buy” rating in a research report on Wednesday, May 8th. BNP Paribas assumed coverage on shares of Welltower in a research report on Monday, March 18th. They set an “outperform” rating and a $104.00 price target on the stock. KeyCorp increased their price target on shares of Welltower from $95.00 to $115.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 2nd. Finally, StockNews.com cut shares of Welltower from a “hold” rating to a “sell” rating in a research report on Sunday, June 30th. One research analyst has rated the stock with a sell rating, four have given a hold rating, nine have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, Welltower presently has an average rating of “Moderate Buy” and an average price target of $99.50.

Insiders Place Their Bets

In other news, Director Kenneth J. Bacon sold 1,800 shares of the stock in a transaction dated Tuesday, June 4th. The shares were sold at an average price of $103.91, for a total transaction of $187,038.00. Following the transaction, the director now directly owns 14,579 shares in the company, valued at approximately $1,514,903.89. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.12% of the stock is owned by corporate insiders.

Welltower Stock Performance

Shares of WELL traded down $0.92 during mid-day trading on Wednesday, reaching $103.91. 1,043,446 shares of the company’s stock were exchanged, compared to its average volume of 2,689,666. The company has a debt-to-equity ratio of 0.50, a current ratio of 3.83 and a quick ratio of 3.83. The business’s fifty day simple moving average is $101.96 and its 200-day simple moving average is $94.79. Welltower Inc. has a 52-week low of $77.90 and a 52-week high of $106.50. The stock has a market capitalization of $62.13 billion, a PE ratio of 129.42, a price-to-earnings-growth ratio of 2.57 and a beta of 1.18.

Welltower (NYSE:WELL) last issued its quarterly earnings results on Monday, April 29th. The real estate investment trust reported $0.22 earnings per share for the quarter, missing the consensus estimate of $0.94 by ($0.72). Welltower had a return on equity of 1.77% and a net margin of 6.37%. The company had revenue of $1.86 billion for the quarter, compared to analyst estimates of $1.81 billion. During the same period in the prior year, the business earned $0.85 earnings per share. Welltower’s revenue for the quarter was up 19.2% compared to the same quarter last year. On average, equities research analysts expect that Welltower Inc. will post 4.12 earnings per share for the current year.

Welltower Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, May 22nd. Shareholders of record on Monday, May 13th were paid a dividend of $0.61 per share. The ex-dividend date was Friday, May 10th. This represents a $2.44 annualized dividend and a dividend yield of 2.35%. Welltower’s dividend payout ratio is currently 301.23%.

Welltower Company Profile

Welltower Inc (NYSE:WELL), a 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 and infrastructure needed to scale innovative care delivery models and improve people's wellness and overall health care experience.