JPMorgan Chase & Co. Trims Holdings in Welltower Inc. (NYSE:WELL)

JPMorgan Chase & Co. decreased its holdings in shares of Welltower Inc. (NYSE:WELL) by 20.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,140,738 shares of the real estate investment trust’s stock after selling 2,591,848 shares during the period. JPMorgan Chase & Co. owned 1.63% of Welltower worth $1,278,037,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the business. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of Welltower by 638.0% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 6,920,426 shares of the real estate investment trust’s stock valued at $886,022,000 after acquiring an additional 5,982,711 shares in the last quarter. Vanguard Group Inc. increased its position in Welltower by 2.7% during the 4th quarter. Vanguard Group Inc. now owns 98,295,258 shares of the real estate investment trust’s stock valued at $12,388,151,000 after purchasing an additional 2,612,044 shares during the period. Wellington Management Group LLP raised its holdings in Welltower by 10.6% in the 3rd quarter. Wellington Management Group LLP now owns 18,685,844 shares of the real estate investment trust’s stock worth $2,392,349,000 after purchasing an additional 1,797,330 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in shares of Welltower in the 4th quarter worth about $90,565,000. Finally, Amundi lifted its position in shares of Welltower by 18.5% in the 4th quarter. Amundi now owns 3,773,827 shares of the real estate investment trust’s stock worth $477,314,000 after purchasing an additional 589,255 shares during the period. Hedge funds and other institutional investors own 94.80% of the company’s stock.

Welltower Trading Up 0.3 %

Shares of Welltower stock opened at $150.24 on Friday. Welltower Inc. has a fifty-two week low of $87.87 and a fifty-two week high of $158.55. The company has a debt-to-equity ratio of 0.48, a quick ratio of 4.22 and a current ratio of 4.22. The company has a market capitalization of $96.35 billion, a P/E ratio of 96.31, a P/E/G ratio of 2.87 and a beta of 1.20. The company has a fifty day moving average of $145.31 and a 200 day moving average of $135.34.

Welltower (NYSE:WELL) last released its quarterly earnings data on Tuesday, February 11th. The real estate investment trust reported $1.13 earnings per share for the quarter, topping analysts’ consensus estimates of $0.40 by $0.73. Welltower had a return on equity of 3.15% and a net margin of 11.91%. On average, sell-side analysts anticipate that Welltower Inc. will post 4.88 earnings per share for the current fiscal year.

Welltower Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 6th. Stockholders of record on Tuesday, February 25th were given a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a dividend yield of 1.78%. The ex-dividend date was Tuesday, February 25th. Welltower’s payout ratio is currently 171.79%.

Analyst Ratings Changes

Several brokerages recently issued reports on WELL. Bank of America boosted their price target on shares of Welltower from $221.00 to $242.00 and gave the company a “buy” rating in a research report on Tuesday, February 18th. Royal Bank of Canada raised Welltower from a “sector perform” rating to an “outperform” rating and increased their target price for the stock from $146.00 to $168.00 in a research report on Friday, February 28th. StockNews.com cut Welltower from a “hold” rating to a “sell” rating in a research note on Wednesday. Wells Fargo & Company upped their price target on Welltower from $140.00 to $158.00 and gave the stock an “equal weight” rating in a research note on Monday, March 10th. Finally, Scotiabank raised their price objective on Welltower from $165.00 to $166.00 and gave the company a “sector outperform” rating in a research report on Thursday, March 6th. One research analyst has rated the stock with a sell rating, two have given a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, Welltower presently has a consensus rating of “Moderate Buy” and an average target price of $156.46.

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.