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

CORDA Investment Management LLC. trimmed its position in Welltower Inc. (NYSE:WELL - Free Report) by 16.2% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 299,941 shares of the real estate investment trust's stock after selling 57,975 shares during the period. Welltower makes up approximately 3.7% of CORDA Investment Management LLC.'s portfolio, making the stock its 6th biggest position. CORDA Investment Management LLC.'s holdings in Welltower were worth $45,954,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in WELL. Brighton Jones LLC boosted its stake in Welltower by 7.1% during the 4th quarter. Brighton Jones LLC now owns 4,185 shares of the real estate investment trust's stock valued at $527,000 after purchasing an additional 279 shares during the last quarter. Assetmark Inc. boosted its stake in shares of Welltower by 95.8% in the 4th quarter. Assetmark Inc. now owns 11,168 shares of the real estate investment trust's stock worth $1,408,000 after buying an additional 5,465 shares during the last quarter. Proficio Capital Partners LLC boosted its stake in shares of Welltower by 148.3% in the 4th quarter. Proficio Capital Partners LLC now owns 4,047 shares of the real estate investment trust's stock worth $510,000 after buying an additional 2,417 shares during the last quarter. Edgestream Partners L.P. boosted its stake in shares of Welltower by 161.4% in the 4th quarter. Edgestream Partners L.P. now owns 14,377 shares of the real estate investment trust's stock worth $1,812,000 after buying an additional 8,877 shares during the last quarter. Finally, Johnson Investment Counsel Inc. boosted its stake in shares of Welltower by 24.0% in the 4th quarter. Johnson Investment Counsel Inc. now owns 7,261 shares of the real estate investment trust's stock worth $915,000 after buying an additional 1,404 shares during the last quarter. Institutional investors and hedge funds own 94.80% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on WELL. Scotiabank restated an "outperform" rating on shares of Welltower in a research note on Monday, June 23rd. Wells Fargo & Company lifted their price target on shares of Welltower from $158.00 to $175.00 and gave the stock an "overweight" rating in a report on Monday, June 2nd. Morgan Stanley lifted their price target on shares of Welltower from $155.00 to $160.00 and gave the stock an "overweight" rating in a report on Tuesday, May 6th. Mizuho lifted their price target on shares of Welltower from $141.00 to $170.00 and gave the stock an "outperform" rating in a report on Tuesday, March 18th. Finally, Wedbush reissued an "underperform" rating on shares of Welltower in a report on Thursday, April 17th. Two research analysts have rated the stock with a sell rating, one has given a hold rating, eight have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $168.18.

Welltower Stock Up 1.6%

Welltower stock traded up $2.38 during mid-day trading on Friday, hitting $155.10. The company had a trading volume of 2,419,527 shares, compared to its average volume of 2,907,484. The company has a current ratio of 4.23, a quick ratio of 4.23 and a debt-to-equity ratio of 0.46. The stock's 50 day moving average price is $151.21 and its two-hundred day moving average price is $145.17. Welltower Inc. has a 12 month low of $103.36 and a 12 month high of $158.55. The company has a market capitalization of $101.43 billion, a PE ratio of 89.14, a price-to-earnings-growth ratio of 1.77 and a beta of 0.92.

Welltower (NYSE:WELL - Get Free Report) last posted its quarterly earnings results on Monday, April 28th. The real estate investment trust reported $1.20 earnings per share for the quarter, topping the consensus estimate of $1.15 by $0.05. Welltower had a return on equity of 3.41% and a net margin of 12.65%. The firm had revenue of $2.42 billion during the quarter, compared to analysts' expectations of $2.40 billion. During the same quarter in the previous year, the business earned $1.01 earnings per share. The company's revenue was up 30.3% on a year-over-year basis. As a group, sell-side analysts anticipate that Welltower Inc. will post 4.88 earnings per share for the current fiscal year.

Welltower Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 22nd. Stockholders of record on Wednesday, May 14th were paid a $0.67 dividend. This represents a $2.68 annualized dividend and a dividend yield of 1.73%. The ex-dividend date of this dividend was Wednesday, May 14th. Welltower's dividend payout ratio is currently 154.02%.

Insider Buying and Selling at Welltower

In other Welltower news, Director Andrew Gundlach purchased 20,000 shares of the firm's stock in a transaction dated Monday, June 30th. The stock was purchased at an average price of $151.46 per share, for a total transaction of $3,029,200.00. Following the completion of the purchase, the director directly owned 20,000 shares of the company's stock, valued at $3,029,200. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.21% of the stock is owned by corporate insiders.

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.