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

JPMorgan Chase & Co. reduced its position in Welltower Inc. (NYSE:WELL) by 0.7% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 12,732,586 shares of the real estate investment trust’s stock after selling 93,002 shares during the quarter. JPMorgan Chase & Co. owned 2.04% of Welltower worth $1,630,153,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of the company. Allspring Global Investments Holdings LLC lifted its holdings in shares of Welltower by 3.1% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 55,401 shares of the real estate investment trust’s stock worth $5,776,000 after acquiring an additional 1,669 shares during the last quarter. Harbour Investments Inc. boosted its holdings in Welltower by 9.6% in the second quarter. Harbour Investments Inc. now owns 4,059 shares of the real estate investment trust’s stock valued at $423,000 after acquiring an additional 355 shares in the last quarter. HB Wealth Management LLC increased its position in Welltower by 21.8% during the 2nd quarter. HB Wealth Management LLC now owns 7,200 shares of the real estate investment trust’s stock valued at $751,000 after purchasing an additional 1,287 shares during the period. Ameritas Advisory Services LLC raised its stake in Welltower by 3.1% in the second quarter. Ameritas Advisory Services LLC now owns 6,425 shares of the real estate investment trust’s stock worth $670,000 after buying an additional 196 shares in the last quarter. Finally, Crossmark Global Holdings Inc. raised its position in shares of Welltower by 5.4% in the 2nd quarter. Crossmark Global Holdings Inc. now owns 28,120 shares of the real estate investment trust’s stock worth $2,931,000 after acquiring an additional 1,436 shares in the last quarter. 94.80% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the stock. Mizuho lifted their target price on shares of Welltower from $136.00 to $141.00 and gave the company an “outperform” rating in a report on Thursday, December 5th. Wells Fargo & Company reaffirmed an “equal weight” rating and issued a $135.00 target price (up from $134.00) on shares of Welltower in a report on Tuesday, October 1st. Raymond James raised their price target on shares of Welltower from $145.00 to $155.00 and gave the company a “strong-buy” rating in a research report on Monday, December 16th. Evercore ISI upped their target price on shares of Welltower from $106.00 to $114.00 and gave the company an “in-line” rating in a research note on Monday, September 16th. Finally, Scotiabank lifted their price objective on Welltower from $133.00 to $142.00 and gave the stock a “sector outperform” rating in a report on Monday, November 25th. Five research 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’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $125.86.

Welltower Stock Down 0.2 %

NYSE WELL opened at $126.39 on Friday. The stock has a market cap of $78.70 billion, a PE ratio of 83.15, a P/E/G ratio of 2.88 and a beta of 1.20. The stock’s 50 day moving average is $132.90 and its 200 day moving average is $121.76. Welltower Inc. has a 12 month low of $85.40 and a 12 month 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.

Welltower (NYSE:WELL) last posted its earnings results 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 return on equity of 3.20% and a net margin of 12.22%. The firm had revenue of $2.06 billion during the quarter, compared to analysts’ expectations of $1.95 billion. During the same quarter in the prior year, the firm posted $0.92 earnings per share. Welltower’s quarterly revenue was up 23.7% on a year-over-year basis. Research analysts predict that Welltower Inc. will post 4.3 EPS for the current fiscal year.

Welltower Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 21st. Stockholders of record on Wednesday, November 13th were paid a $0.67 dividend. This represents a $2.68 annualized dividend and a dividend yield of 2.12%. The ex-dividend date of this dividend was Wednesday, November 13th. Welltower’s payout ratio is 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.