JPMorgan Chase & Co. Sells 93,002 Shares of Welltower Inc. (NYSE:WELL)

JPMorgan Chase & Co. reduced its stake in Welltower Inc. (NYSE:WELL - Free Report) by 0.7% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 12,732,586 shares of the real estate investment trust's stock after selling 93,002 shares during the period. JPMorgan Chase & Co. owned 2.04% of Welltower worth $1,630,153,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Van Hulzen Asset Management LLC bought a new position in shares of Welltower during the second quarter worth $411,000. Retirement Systems of Alabama raised its stake in Welltower by 3.7% during the 3rd quarter. Retirement Systems of Alabama now owns 470,419 shares of the real estate investment trust's stock worth $60,228,000 after buying an additional 16,946 shares during the period. American Century Companies Inc. lifted its holdings in Welltower by 10.1% during the second quarter. American Century Companies Inc. now owns 1,404,781 shares of the real estate investment trust's stock worth $146,448,000 after acquiring an additional 129,270 shares in the last quarter. Diversified Trust Co grew its stake in Welltower by 93.8% in the third quarter. Diversified Trust Co now owns 18,474 shares of the real estate investment trust's stock valued at $2,365,000 after acquiring an additional 8,940 shares during the period. Finally, Duff & Phelps Investment Management Co. bought a new stake in shares of Welltower in the second quarter worth about $254,977,000. 94.80% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

WELL has been the subject of several research analyst reports. Evercore ISI boosted their price objective on Welltower from $106.00 to $114.00 and gave the company an "in-line" rating in a research report on Monday, September 16th. StockNews.com upgraded shares of Welltower from a "sell" rating to a "hold" rating in a report on Wednesday, October 30th. Raymond James raised their price objective on shares of Welltower from $145.00 to $155.00 and gave the stock a "strong-buy" rating in a report on Monday, December 16th. Scotiabank upped their target price on shares of Welltower from $133.00 to $142.00 and gave the stock a "sector outperform" rating in a research note on Monday, November 25th. Finally, Mizuho increased their target price on Welltower from $136.00 to $141.00 and gave the stock an "outperform" rating in a report on Thursday, December 5th. Five investment analysts have rated the stock with a hold rating, six have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, Welltower presently has an average rating of "Moderate Buy" and a consensus target price of $125.86.

Welltower Stock Down 1.1 %

Shares of NYSE:WELL traded down $1.39 during midday trading on Friday, reaching $125.00. The company had a trading volume of 2,612,196 shares, compared to its average volume of 2,719,768. Welltower Inc. has a 1-year low of $85.40 and a 1-year high of $140.75. The stock has a market cap of $77.84 billion, a PE ratio of 82.24, a P/E/G ratio of 2.88 and a beta of 1.20. The company has a quick ratio of 4.10, a current ratio of 4.10 and a debt-to-equity ratio of 0.51. The business's 50 day moving average price is $132.75 and its 200 day moving average price is $121.91.

Welltower (NYSE:WELL - Get Free Report) last posted its quarterly earnings results on Monday, October 28th. The real estate investment trust reported $0.73 earnings per share for the quarter, missing the consensus estimate of $1.04 by ($0.31). The company had revenue of $2.06 billion for the quarter, compared to analyst estimates of $1.95 billion. Welltower had a return on equity of 3.20% and a net margin of 12.22%. The firm's revenue for the quarter was up 23.7% compared to the same quarter last year. During the same period last year, the firm earned $0.92 EPS. Research analysts forecast that Welltower Inc. will post 4.3 EPS for the current fiscal year.

Welltower Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, November 21st. Shareholders of record on Wednesday, November 13th were paid a $0.67 dividend. This represents a $2.68 dividend on an annualized basis and a yield of 2.14%. The ex-dividend date was Wednesday, November 13th. Welltower's dividend payout ratio is currently 176.32%.

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.