Welltower Inc. (NYSE:WELL) is CORDA Investment Management LLC.’s 5th Largest Position

CORDA Investment Management LLC. trimmed its holdings in shares of Welltower Inc. (NYSE:WELL) by 13.8% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 368,388 shares of the real estate investment trust’s stock after selling 58,857 shares during the period. Welltower accounts for about 3.7% of CORDA Investment Management LLC.’s holdings, making the stock its 5th largest holding. CORDA Investment Management LLC.’s holdings in Welltower were worth $47,165,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of WELL. Norden Group LLC purchased a new stake in Welltower during the 1st quarter worth about $383,000. Mirae Asset Global Investments Co. Ltd. lifted its holdings in Welltower by 27.5% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 150,140 shares of the real estate investment trust’s stock worth $14,029,000 after buying an additional 32,370 shares during the last quarter. Janney Montgomery Scott LLC lifted its holdings in shares of Welltower by 5.9% in the 1st quarter. Janney Montgomery Scott LLC now owns 54,666 shares of the real estate investment trust’s stock valued at $5,108,000 after purchasing an additional 3,035 shares during the last quarter. Fidelis Capital Partners LLC purchased a new stake in shares of Welltower in the 1st quarter valued at about $144,000. Finally, Graypoint LLC lifted its holdings in shares of Welltower by 4.8% in the 1st quarter. Graypoint LLC now owns 2,687 shares of the real estate investment trust’s stock valued at $251,000 after purchasing an additional 122 shares during the last quarter. 94.80% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the company. Wedbush boosted 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. StockNews.com raised Welltower from a “sell” rating to a “hold” rating in a report on Wednesday, October 30th. Wolfe Research raised Welltower to a “strong-buy” rating in a report on Friday, August 9th. Evercore ISI boosted their target price on Welltower from $106.00 to $114.00 and gave the company an “in-line” rating in a report on Monday, September 16th. Finally, Royal Bank of Canada boosted their target price on Welltower from $101.00 to $114.00 and gave the company a “sector perform” rating in a report on Friday, August 9th. Five research analysts have rated the stock with a hold rating, seven have given a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $115.38.

Welltower Stock Performance

Shares of WELL stock opened at $133.27 on Monday. The stock has a market capitalization of $82.99 billion, a PE ratio of 87.68, a price-to-earnings-growth ratio of 2.94 and a beta of 1.20. Welltower Inc. has a 52-week low of $84.38 and a 52-week high of $139.80. The stock’s 50-day moving average price is $127.41 and its 200 day moving average price is $112.69. The company has a quick ratio of 4.07, a current ratio of 4.10 and a debt-to-equity ratio of 0.51.

Welltower (NYSE:WELL) last issued its earnings results on Monday, October 28th. The real estate investment trust reported $0.73 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.04 by ($0.31). The business had revenue of $2.06 billion for the quarter, compared to analysts’ expectations of $1.95 billion. Welltower had a return on equity of 3.20% and a net margin of 12.22%. The business’s quarterly revenue was up 23.7% on a year-over-year basis. During the same period last year, the company posted $0.92 earnings per share. As a group, equities research analysts forecast that Welltower Inc. will post 4.3 EPS for the current year.

Welltower Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, November 21st. Stockholders of record on Wednesday, November 13th will be 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 is Wednesday, November 13th. Welltower’s dividend payout ratio (DPR) 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.