Chilton Capital Management LLC Cuts Stake in Welltower Inc. (NYSE:WELL)

Chilton Capital Management LLC lowered its position in shares of Welltower Inc. (NYSE:WELL - Free Report) by 23.0% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 111,418 shares of the real estate investment trust's stock after selling 33,209 shares during the quarter. Chilton Capital Management LLC's holdings in Welltower were worth $17,070,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of WELL. Vestmark Advisory Solutions Inc. raised its position in shares of Welltower by 120.3% during the fourth quarter. Vestmark Advisory Solutions Inc. now owns 14,417 shares of the real estate investment trust's stock worth $1,817,000 after purchasing an additional 7,872 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its position in Welltower by 30.7% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 544,838 shares of the real estate investment trust's stock valued at $68,666,000 after buying an additional 128,090 shares during the last quarter. Beacon Financial Planning Inc. raised its position in Welltower by 6.8% in the 1st quarter. Beacon Financial Planning Inc. now owns 27,893 shares of the real estate investment trust's stock valued at $4,274,000 after buying an additional 1,780 shares during the last quarter. Summit Trail Advisors LLC raised its position in Welltower by 61.4% in the 1st quarter. Summit Trail Advisors LLC now owns 6,756 shares of the real estate investment trust's stock valued at $1,035,000 after buying an additional 2,571 shares during the last quarter. Finally, Groupama Asset Managment raised its position in Welltower by 23,204.3% in the 4th quarter. Groupama Asset Managment now owns 1,900,000 shares of the real estate investment trust's stock valued at $2,183,000 after buying an additional 1,891,847 shares during the last quarter. Institutional investors and hedge funds own 94.80% of the company's stock.

Welltower Price Performance

NYSE WELL traded up $0.56 during trading hours on Wednesday, hitting $152.32. The company had a trading volume of 2,388,999 shares, compared to its average volume of 3,070,683. Welltower Inc. has a 52 week low of $102.92 and a 52 week high of $158.55. The firm has a 50 day simple moving average of $151.17 and a 200 day simple moving average of $144.93. The company has a debt-to-equity ratio of 0.46, a quick ratio of 4.23 and a current ratio of 4.23. The firm has a market capitalization of $99.61 billion, a price-to-earnings ratio of 87.54, a PEG ratio of 1.79 and a beta of 0.92.

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

Welltower Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 22nd. Stockholders of record on Wednesday, May 14th were paid a dividend of $0.67 per share. This represents a $2.68 dividend on an annualized basis and a dividend yield of 1.76%. The ex-dividend date was Wednesday, May 14th. Welltower's dividend payout ratio (DPR) is presently 154.02%.

Insider Activity

In other Welltower news, Director Andrew Gundlach bought 20,000 shares of the firm's stock in a transaction that occurred on Monday, June 30th. The stock was bought at an average price of $151.46 per share, for a total transaction of $3,029,200.00. Following the completion of the acquisition, the director directly owned 20,000 shares in the company, valued at $3,029,200. The trade was a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 0.21% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms recently commented on WELL. Scotiabank reissued an "outperform" rating on shares of Welltower in a research report on Monday, June 23rd. Mizuho raised their target price on Welltower from $141.00 to $170.00 and gave the company an "outperform" rating in a research report on Tuesday, March 18th. Morgan Stanley raised their target price on Welltower from $155.00 to $160.00 and gave the company an "overweight" rating in a research report on Tuesday, May 6th. Wells Fargo & Company raised their target price on Welltower from $158.00 to $175.00 and gave the company an "overweight" rating in a research report on Monday, June 2nd. Finally, Evercore ISI raised their target price on Welltower from $145.00 to $157.00 and gave the company an "in-line" rating in a research report on Thursday, May 1st. Two analysts have rated the stock with a sell rating, one has given a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $168.18.

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.