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

Chevy Chase Trust Holdings LLC raised its holdings in shares of Welltower Inc. (NYSE:WELL - Free Report) by 6.0% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 310,624 shares of the real estate investment trust's stock after acquiring an additional 17,595 shares during the quarter. Chevy Chase Trust Holdings LLC owned approximately 0.06% of Welltower worth $28,009,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the business. Bruce G. Allen Investments LLC acquired a new stake in Welltower during the 4th quarter valued at $25,000. Headlands Technologies LLC lifted its holdings in Welltower by 479.6% during the 3rd quarter. Headlands Technologies LLC now owns 313 shares of the real estate investment trust's stock valued at $26,000 after purchasing an additional 259 shares during the last quarter. First Capital Advisors Group LLC. acquired a new stake in Welltower during the 2nd quarter valued at $26,000. Compass Wealth Management LLC acquired a new stake in Welltower during the 4th quarter valued at $26,000. Finally, FinTrust Capital Advisors LLC lifted its holdings in Welltower by 117.8% during the 3rd quarter. FinTrust Capital Advisors LLC now owns 342 shares of the real estate investment trust's stock valued at $28,000 after purchasing an additional 185 shares during the last quarter. 94.80% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

WELL has been the topic of several recent research reports. KeyCorp increased their price objective on Welltower from $90.00 to $95.00 and gave the stock an "overweight" rating in a research report on Friday, January 5th. StockNews.com cut Welltower from a "hold" rating to a "sell" rating in a research report on Friday, March 29th. BNP Paribas initiated coverage on Welltower in a research report on Monday, March 18th. They set an "outperform" rating and a $104.00 price objective on the stock. JPMorgan Chase & Co. upgraded Welltower from a "neutral" rating to an "overweight" rating and increased their price objective for the stock from $92.00 to $99.00 in a research report on Monday, December 18th. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on Welltower in a research note on Tuesday, January 30th. They issued a "buy" rating and a $115.00 price target for the company. One analyst has rated the stock with a sell rating, four have assigned a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $95.57.

Welltower Trading Up 1.5 %

NYSE WELL traded up $1.32 during mid-day trading on Friday, reaching $91.76. 1,721,439 shares of the stock were exchanged, compared to its average volume of 2,465,202. Welltower Inc. has a one year low of $70.49 and a one year high of $94.63. The stock has a 50 day simple moving average of $91.19 and a 200-day simple moving average of $88.44. The stock has a market cap of $54.23 billion, a P/E ratio of 143.38, a P/E/G ratio of 2.30 and a beta of 1.08. The company has a debt-to-equity ratio of 0.60, a current ratio of 3.22 and a quick ratio of 3.22.

Welltower (NYSE:WELL - Get Free Report) last announced its earnings results on Tuesday, February 13th. The real estate investment trust reported $0.15 earnings per share for the quarter, missing analysts' consensus estimates of $0.94 by ($0.79). Welltower had a return on equity of 1.47% and a net margin of 5.12%. The firm had revenue of $1.75 billion for the quarter, compared to the consensus estimate of $1.72 billion. During the same period in the prior year, the business earned $0.83 EPS. Welltower's quarterly revenue was up 15.2% on a year-over-year basis. On average, analysts anticipate that Welltower Inc. will post 4.03 EPS for the current year.

Welltower Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 7th. Investors of record on Friday, February 23rd were issued a dividend of $0.61 per share. This represents a $2.44 annualized dividend and a yield of 2.66%. The ex-dividend date of this dividend was Thursday, February 22nd. Welltower's dividend payout ratio (DPR) is presently 381.25%.

About Welltower

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.