Chevy Chase Trust Holdings LLC Boosts Stock Holdings in Welltower Inc. (NYSE:WELL)

Chevy Chase Trust Holdings LLC increased its stake in shares of Welltower Inc. (NYSE:WELL - Free Report) by 2.8% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 321,519 shares of the real estate investment trust's stock after purchasing an additional 8,807 shares during the quarter. Chevy Chase Trust Holdings LLC's holdings in Welltower were worth $49,260,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Harbor Capital Advisors Inc. bought a new stake in Welltower during the 1st quarter worth approximately $28,000. Franchise Capital Ltd acquired a new stake in Welltower in the first quarter valued at $32,000. Capital Advisors Ltd. LLC raised its position in shares of Welltower by 57.2% during the first quarter. Capital Advisors Ltd. LLC now owns 294 shares of the real estate investment trust's stock worth $45,000 after acquiring an additional 107 shares during the last quarter. Versant Capital Management Inc lifted its position in shares of Welltower by 27.0% in the 1st quarter. Versant Capital Management Inc now owns 381 shares of the real estate investment trust's stock worth $58,000 after purchasing an additional 81 shares during the period. Finally, Opal Wealth Advisors LLC bought a new stake in Welltower during the first quarter valued at $59,000. Institutional investors own 94.80% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the company. Wall Street Zen downgraded Welltower from a "hold" rating to a "sell" rating in a research note on Thursday, May 8th. Evercore ISI raised their price objective on shares of Welltower from $145.00 to $157.00 and gave the stock an "in-line" rating in a research report on Thursday, May 1st. Wells Fargo & Company lifted their price objective on shares of Welltower from $158.00 to $175.00 and gave the company an "overweight" rating in a research note on Monday, June 2nd. Royal Bank Of Canada upgraded shares of Welltower from a "sector perform" rating to an "outperform" rating and boosted their target price for the company from $146.00 to $168.00 in a research report on Friday, February 28th. Finally, Wedbush restated an "underperform" rating on shares of Welltower in a report on Thursday, April 17th. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $163.75.

Welltower Stock Down 0.5%

Shares of Welltower stock traded down $0.79 during trading hours on Wednesday, reaching $153.46. The company's stock had a trading volume of 3,107,724 shares, compared to its average volume of 2,935,296. The company has a market capitalization of $100.36 billion, a P/E ratio of 88.20, a P/E/G ratio of 1.79 and a beta of 0.94. The stock's fifty day simple moving average is $150.11 and its two-hundred day simple moving average is $143.20. Welltower Inc. has a one year low of $100.13 and a one year high of $158.55. The company has a debt-to-equity ratio of 0.46, a quick ratio of 4.23 and a current ratio of 4.23.

Welltower (NYSE:WELL - Get Free Report) last announced its quarterly earnings results on Monday, April 28th. The real estate investment trust reported $1.20 earnings per share for the quarter, beating the consensus estimate of $1.15 by $0.05. The business had revenue of $2.42 billion for the quarter, compared to analysts' expectations of $2.40 billion. Welltower had a net margin of 12.65% and a return on equity of 3.41%. The firm's revenue for the quarter was up 30.3% compared to the same quarter last year. During the same quarter last year, the firm earned $1.01 EPS. On average, research analysts forecast that Welltower Inc. will post 4.88 earnings per share for the current year.

Welltower Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, May 22nd. Investors of record on Wednesday, May 14th were given a dividend of $0.67 per share. The ex-dividend date of this dividend was Wednesday, May 14th. This represents a $2.68 annualized dividend and a dividend yield of 1.75%. Welltower's payout ratio is 154.02%.

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.