CORDA Investment Management LLC. Has $59.05 Million Position in Welltower Inc. $WELL

Key Points

• CORDA Investment Management reduced its Welltower stake by 2.1% in the second quarter, selling 5,538 shares and retaining 260,183 shares valued at approximately $59.05 million. Welltower remains CORDA’s fifth-largest holding and represents 3.6% of its portfolio.
• Analysts remain broadly bullish, with 14 Buy ratings and three Holds producing a “Moderate Buy” consensus and an average price target of $246.11, above the stock’s $235.55 opening price.
• Welltower reported quarterly revenue of $3.54 billion, up 39.1% year over year, though earnings per share of $0.61 missed estimates. The company also raised its quarterly dividend to $0.85, equivalent to an annualized $3.40 payout and a 1.4% yield.

CORDA Investment Management LLC. reduced its holdings in shares of Welltower Inc. (NYSE:WELL - Free Report) by 2.1% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 260,183 shares of the real estate investment trust's stock after selling 5,538 shares during the period. Welltower comprises 3.6% of CORDA Investment Management LLC.'s portfolio, making the stock its 5th largest holding. CORDA Investment Management LLC.'s holdings in Welltower were worth $59,054,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Norges Bank purchased a new position in shares of Welltower during the 4th quarter worth $5,466,264,000. Cardano Risk Management B.V. increased its stake in shares of Welltower by 955.3% in the 4th quarter. Cardano Risk Management B.V. now owns 9,513,540 shares of the real estate investment trust's stock worth $1,765,808,000 after purchasing an additional 8,612,016 shares in the last quarter. Capital World Investors raised its holdings in Welltower by 153.0% in the 4th quarter. Capital World Investors now owns 10,744,520 shares of the real estate investment trust's stock worth $1,994,290,000 after purchasing an additional 6,497,258 shares during the period. Vanguard Group Inc. raised its holdings in Welltower by 2.9% in the 4th quarter. Vanguard Group Inc. now owns 92,421,471 shares of the real estate investment trust's stock worth $17,154,349,000 after purchasing an additional 2,643,088 shares during the period. Finally, Price T Rowe Associates Inc. MD raised its holdings in Welltower by 11.5% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 16,826,035 shares of the real estate investment trust's stock worth $3,123,082,000 after purchasing an additional 1,734,922 shares during the period. 94.80% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. Raymond James Financial began coverage on Welltower in a report on Tuesday, June 16th. They set an "outperform" rating and a $226.00 price target for the company. KeyCorp lifted their price objective on Welltower from $240.00 to $275.00 and gave the company an "overweight" rating in a research report on Tuesday, August 4th. Jefferies Financial Group boosted their price objective on Welltower from $237.00 to $248.00 and gave the company a "buy" rating in a research note on Tuesday, May 12th. BMO Capital Markets reissued an "outperform" rating and issued a $245.00 target price on shares of Welltower in a report on Monday, May 4th. Finally, Cantor Fitzgerald raised their target price on shares of Welltower from $235.00 to $260.00 and gave the stock an "overweight" rating in a research note on Friday, July 31st. Fourteen research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, Welltower has a consensus rating of "Moderate Buy" and an average target price of $246.11.

Welltower Trading Up 0.5%

WELL stock opened at $235.55 on Friday. The company has a debt-to-equity ratio of 0.37, a current ratio of 3.16 and a quick ratio of 3.16. Welltower Inc. has a 1-year low of $161.26 and a 1-year high of $255.20. The business has a 50 day simple moving average of $229.65 and a two-hundred day simple moving average of $214.01. The company has a market capitalization of $169.77 billion, a price-to-earnings ratio of 108.05, a PEG ratio of 1.13 and a beta of 0.76.

Welltower (NYSE:WELL - Get Free Report) last released its quarterly earnings data on Monday, July 27th. The real estate investment trust reported $0.61 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.66 by ($0.05). Welltower had a net margin of 12.15% and a return on equity of 3.56%. The company had revenue of $3.54 billion for the quarter, compared to the consensus estimate of $3.40 billion. During the same quarter in the previous year, the business earned $1.28 EPS. The company's quarterly revenue was up 39.1% on a year-over-year basis. Welltower has set its FY 2026 guidance at 6.360-6.440 EPS. Research analysts anticipate that Welltower Inc. will post 6.43 EPS for the current fiscal year.

Welltower Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, August 20th. Shareholders of record on Wednesday, August 12th will be issued a $0.85 dividend. The ex-dividend date is Wednesday, August 12th. This represents a $3.40 dividend on an annualized basis and a yield of 1.4%. This is an increase from Welltower's previous quarterly dividend of $0.74. Welltower's payout ratio is presently 155.96%.

About Welltower

Welltower Inc NYSE: WELL is a real estate investment trust (REIT) that acquires and manages real estate serving the health care industry. The company specializes in healthcare infrastructure, owning and operating a diversified portfolio of senior housing, post-acute and long-term care communities, and outpatient medical properties. Welltower's assets are designed to support the delivery of health care services through a combination of leased properties, joint ventures, and other capital arrangements with health care operators and providers.

The company's property types include assisted living, memory care, independent living and skilled nursing facilities, as well as medical office buildings and other outpatient-care real estate such as ambulatory surgery centers and specialty clinics.

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