Welltower Inc. (NYSE:WELL) is CORDA Investment Management LLC.’s 6th Largest Position

CORDA Investment Management LLC. lessened its stake in Welltower Inc. (NYSE:WELL) by 2.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 357,916 shares of the real estate investment trust’s stock after selling 10,472 shares during the quarter. Welltower makes up approximately 3.6% of CORDA Investment Management LLC.’s portfolio, making the stock its 6th biggest holding. CORDA Investment Management LLC.’s holdings in Welltower were worth $45,108,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of the company. Mather Group LLC. raised its stake in shares of Welltower by 3.8% in the fourth quarter. Mather Group LLC. now owns 2,053 shares of the real estate investment trust’s stock valued at $259,000 after buying an additional 75 shares during the period. Childress Capital Advisors LLC raised its stake in Welltower by 3.7% in the 4th quarter. Childress Capital Advisors LLC now owns 2,152 shares of the real estate investment trust’s stock valued at $271,000 after acquiring an additional 76 shares during the period. Old North State Wealth Management LLC lifted its holdings in Welltower by 0.6% during the third quarter. Old North State Wealth Management LLC now owns 12,864 shares of the real estate investment trust’s stock valued at $1,648,000 after purchasing an additional 78 shares during the last quarter. Fortitude Family Office LLC boosted its position in Welltower by 37.0% during the third quarter. Fortitude Family Office LLC now owns 289 shares of the real estate investment trust’s stock worth $37,000 after purchasing an additional 78 shares during the period. Finally, Wealthspire Advisors LLC increased its stake in shares of Welltower by 2.5% in the fourth quarter. Wealthspire Advisors LLC now owns 3,451 shares of the real estate investment trust’s stock worth $435,000 after purchasing an additional 83 shares in the last quarter. Hedge funds and other institutional investors own 94.80% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the stock. Raymond James upped their price target on shares of Welltower from $145.00 to $155.00 and gave the company a “strong-buy” rating in a research note on Monday, December 16th. Scotiabank increased their target price on Welltower from $142.00 to $144.00 and gave the stock a “sector outperform” rating in a research report on Monday, January 27th. Bank of America raised their price target on Welltower from $221.00 to $242.00 and gave the stock a “buy” rating in a report on Tuesday, February 18th. Wedbush upgraded Welltower from a “neutral” rating to an “outperform” rating and boosted their price objective for the company from $145.00 to $167.00 in a research note on Friday, February 14th. Finally, StockNews.com downgraded Welltower from a “hold” rating to a “sell” rating in a research note on Thursday, February 13th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, nine have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, Welltower presently has a consensus rating of “Moderate Buy” and an average target price of $140.19.

Welltower Trading Up 0.6 %

Shares of WELL opened at $151.54 on Friday. Welltower Inc. has a 1-year low of $87.87 and a 1-year high of $152.81. The company has a market capitalization of $97.18 billion, a P/E ratio of 97.14, a P/E/G ratio of 2.87 and a beta of 1.23. The company has a debt-to-equity ratio of 0.48, a current ratio of 4.22 and a quick ratio of 4.22. The firm’s 50 day simple moving average is $135.78 and its 200 day simple moving average is $131.13.

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

Welltower Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 6th. Stockholders of record on Tuesday, February 25th will be issued a $0.67 dividend. This represents a $2.68 dividend on an annualized basis and a dividend yield of 1.77%. The ex-dividend date of this dividend is Tuesday, February 25th. Welltower’s payout ratio is currently 171.79%.

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.