Chevy Chase Trust Holdings LLC Increases Stake in Welltower Inc. $WELL

Chevy Chase Trust Holdings LLC increased its position in Welltower Inc. (NYSE:WELL) by 2.6% in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 329,814 shares of the real estate investment trust’s stock after acquiring an additional 8,295 shares during the quarter. Chevy Chase Trust Holdings LLC’s holdings in Welltower were worth $50,702,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the company. Wellington Management Group LLP increased its holdings in Welltower by 14.0% in the 1st quarter. Wellington Management Group LLP now owns 21,289,684 shares of the real estate investment trust’s stock worth $3,261,792,000 after acquiring an additional 2,614,562 shares during the last quarter. Price T Rowe Associates Inc. MD increased its holdings in Welltower by 41.6% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 8,923,852 shares of the real estate investment trust’s stock worth $1,367,226,000 after acquiring an additional 2,622,384 shares during the last quarter. Northern Trust Corp increased its holdings in Welltower by 0.4% in the 1st quarter. Northern Trust Corp now owns 8,467,221 shares of the real estate investment trust’s stock worth $1,297,263,000 after acquiring an additional 36,725 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in Welltower by 7.0% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 8,164,840 shares of the real estate investment trust’s stock worth $1,250,935,000 after acquiring an additional 532,135 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in Welltower by 14.4% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 6,956,594 shares of the real estate investment trust’s stock valued at $1,065,820,000 after buying an additional 877,856 shares in the last quarter. Hedge funds and other institutional investors own 94.80% of the company’s stock.

Welltower Stock Up 1.9%

Shares of NYSE WELL opened at $175.33 on Friday. Welltower Inc. has a 12 month low of $123.11 and a 12 month high of $180.40. The company has a current ratio of 4.19, a quick ratio of 4.19 and a debt-to-equity ratio of 0.44. The firm has a market capitalization of $117.27 billion, a price-to-earnings ratio of 99.06, a PEG ratio of 1.94 and a beta of 0.92. The business has a 50-day moving average of $168.80 and a 200-day moving average of $158.04.

Welltower (NYSE:WELL) last issued its quarterly earnings data on Monday, July 28th. The real estate investment trust reported $1.28 EPS for the quarter, topping the consensus estimate of $1.22 by $0.06. Welltower had a return on equity of 3.38% and a net margin of 12.18%.The company had revenue of $2.55 billion during the quarter, compared to analyst estimates of $2.49 billion. During the same quarter in the previous year, the firm earned $1.05 earnings per share. Welltower’s revenue was up 39.6% on a year-over-year basis. Welltower has set its FY 2025 guidance at 5.060-5.14 EPS. Sell-side analysts expect that Welltower Inc. will post 4.88 earnings per share for the current fiscal year.

Welltower Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 21st. Stockholders of record on Tuesday, August 12th were issued a dividend of $0.74 per share. The ex-dividend date of this dividend was Tuesday, August 12th. This is a positive change from Welltower’s previous quarterly dividend of $0.67. This represents a $2.96 annualized dividend and a dividend yield of 1.7%. Welltower’s payout ratio is presently 167.23%.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on WELL shares. Wells Fargo & Company lifted their target price on Welltower from $175.00 to $185.00 and gave the company an “overweight” rating in a report on Wednesday, August 27th. Cantor Fitzgerald started coverage on Welltower in a report on Wednesday, October 1st. They set an “overweight” rating and a $195.00 target price for the company. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Welltower in a report on Wednesday, October 8th. Scotiabank lifted their target price on Welltower from $181.00 to $182.00 and gave the company an “outperform” rating in a report on Monday, October 6th. Finally, Evercore ISI lifted their target price on Welltower from $175.00 to $183.00 and gave the company an “in-line” rating in a report on Monday, September 15th. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Welltower presently has a consensus rating of “Moderate Buy” and an average target price of $185.36.

Welltower Company 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.