CORDA Investment Management LLC. Sells 58,857 Shares of Welltower Inc. (NYSE:WELL)

CORDA Investment Management LLC. trimmed its stake in shares of Welltower Inc. (NYSE:WELL) by 13.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 368,388 shares of the real estate investment trust’s stock after selling 58,857 shares during the period. Welltower comprises 3.7% of CORDA Investment Management LLC.’s holdings, making the stock its 5th largest position. CORDA Investment Management LLC. owned approximately 0.06% of Welltower worth $47,165,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of WELL. First Foundation Advisors purchased a new position in Welltower during the second quarter worth approximately $26,000. TruNorth Capital Management LLC purchased a new position in Welltower during the second quarter worth approximately $27,000. Meeder Asset Management Inc. purchased a new position in Welltower during the second quarter worth approximately $30,000. Manchester Capital Management LLC boosted its position in Welltower by 338.7% during the first quarter. Manchester Capital Management LLC now owns 329 shares of the real estate investment trust’s stock worth $31,000 after purchasing an additional 254 shares in the last quarter. Finally, Centerpoint Advisors LLC purchased a new position in shares of Welltower in the second quarter valued at approximately $31,000. 94.80% of the stock is owned by institutional investors and hedge funds.

Welltower Price Performance

WELL stock opened at $133.27 on Monday. The business has a fifty day moving average of $127.41 and a two-hundred day moving average of $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. The stock has a market cap of $82.99 billion, a price-to-earnings 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.

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

Welltower Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, November 21st. Stockholders of record on Wednesday, November 13th will be paid a $0.67 dividend. The ex-dividend date is Wednesday, November 13th. This represents a $2.68 dividend on an annualized basis and a dividend yield of 2.01%. Welltower’s payout ratio is presently 176.32%.

Analysts Set New Price Targets

WELL has been the topic of several research reports. Royal Bank of Canada raised their target price on Welltower from $101.00 to $114.00 and gave the company a “sector perform” rating in a research report on Friday, August 9th. StockNews.com upgraded Welltower from a “sell” rating to a “hold” rating in a research report on Wednesday, October 30th. Wolfe Research upgraded Welltower to a “strong-buy” rating in a research report on Friday, August 9th. Wells Fargo & Company restated an “equal weight” rating and issued a $135.00 target price (up previously from $134.00) on shares of Welltower in a research report on Tuesday, October 1st. Finally, Wedbush raised their target price on Welltower from $100.00 to $120.00 and gave the company a “neutral” rating in a research report on Monday, August 5th. Five investment analysts have rated the stock with a hold rating, seven have issued a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $115.38.

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.