Chevy Chase Trust Holdings LLC trimmed its stake in shares of Welltower Inc. (NYSE:WELL - Free Report) by 4.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 312,820 shares of the real estate investment trust's stock after selling 15,153 shares during the quarter. Chevy Chase Trust Holdings LLC owned about 0.05% of Welltower worth $40,050,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors and hedge funds have also made changes to their positions in WELL. First Foundation Advisors acquired a new position in shares of Welltower in the 2nd quarter valued at $26,000. TruNorth Capital Management LLC purchased a new stake in shares of Welltower during the second quarter worth $27,000. Meeder Asset Management Inc. acquired a new stake in Welltower during the second quarter valued at $30,000. Fortitude Family Office LLC grew its stake in Welltower by 37.0% in the third quarter. Fortitude Family Office LLC now owns 289 shares of the real estate investment trust's stock valued at $37,000 after purchasing an additional 78 shares in the last quarter. Finally, Centerpoint Advisors LLC acquired a new position in Welltower in the second quarter worth approximately $31,000. 94.80% of the stock is currently owned by institutional investors.
Welltower Price Performance
WELL stock traded down $0.60 during trading on Tuesday, hitting $133.43. 830,862 shares of the stock traded hands, compared to its average volume of 2,681,720. Welltower Inc. has a one year low of $85.40 and a one year high of $140.75. The company has a current ratio of 4.10, a quick ratio of 4.10 and a debt-to-equity ratio of 0.51. The company has a 50 day simple moving average of $132.24 and a 200 day simple moving average of $118.48. The stock has a market cap of $83.09 billion, a price-to-earnings ratio of 88.23, a P/E/G ratio of 3.10 and a beta of 1.20.
Welltower (NYSE:WELL - Get Free Report) last announced its quarterly earnings data on Monday, October 28th. The real estate investment trust reported $0.73 EPS for the quarter, missing analysts' consensus estimates of $1.04 by ($0.31). Welltower had a net margin of 12.22% and a return on equity of 3.20%. The firm had revenue of $2.06 billion during the quarter, compared to the consensus estimate of $1.95 billion. During the same quarter in the previous year, the business posted $0.92 earnings per share. The firm's quarterly revenue was up 23.7% on a year-over-year basis. Equities analysts expect that Welltower Inc. will post 4.3 EPS for the current fiscal year.
Welltower Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Thursday, November 21st. Investors of record on Wednesday, November 13th were paid a dividend of $0.67 per share. This represents a $2.68 dividend on an annualized basis and a dividend yield of 2.01%. The ex-dividend date was Wednesday, November 13th. Welltower's dividend payout ratio (DPR) is 176.32%.
Analyst Upgrades and Downgrades
WELL has been the topic of a number of recent research reports. StockNews.com upgraded shares of Welltower from a "sell" rating to a "hold" rating in a report on Wednesday, October 30th. Royal Bank of Canada raised their target price on shares of Welltower from $101.00 to $114.00 and gave the company a "sector perform" rating in a research note on Friday, August 9th. Wolfe Research raised Welltower to a "strong-buy" rating in a research report on Friday, August 9th. Wells Fargo & Company reissued an "equal weight" rating and set a $135.00 price objective (up previously from $134.00) on shares of Welltower in a research report on Tuesday, October 1st. Finally, Wedbush raised their target price on Welltower from $100.00 to $120.00 and gave the company a "neutral" rating in a report on Monday, August 5th. Five investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $117.50.
Check Out Our Latest Stock Report on Welltower
Welltower Profile
(
Free Report)
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.
See Also
Before you consider Welltower, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Welltower wasn't on the list.
While Welltower currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Thinking about investing in Meta, Roblox, or Unity? Click the link to learn what streetwise investors need to know about the metaverse and public markets before making an investment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
