CORDA Investment Management LLC. Sells 57,975 Shares of Welltower Inc. (NYSE:WELL)

CORDA Investment Management LLC. decreased its holdings in Welltower Inc. (NYSE:WELL - Free Report) by 16.2% in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 299,941 shares of the real estate investment trust's stock after selling 57,975 shares during the quarter. Welltower accounts for approximately 3.7% of CORDA Investment Management LLC.'s holdings, making the stock its 6th biggest holding. CORDA Investment Management LLC.'s holdings in Welltower were worth $45,954,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in WELL. Geller Advisors LLC grew its position in shares of Welltower by 3.7% during the 4th quarter. Geller Advisors LLC now owns 1,911 shares of the real estate investment trust's stock worth $241,000 after buying an additional 69 shares during the period. Good Life Advisors LLC grew its position in shares of Welltower by 1.2% during the 1st quarter. Good Life Advisors LLC now owns 5,744 shares of the real estate investment trust's stock worth $880,000 after buying an additional 69 shares during the period. Sivia Capital Partners LLC grew its position in shares of Welltower by 4.3% during the 1st quarter. Sivia Capital Partners LLC now owns 1,783 shares of the real estate investment trust's stock worth $273,000 after buying an additional 73 shares during the period. Premier Path Wealth Partners LLC grew its position in shares of Welltower by 1.8% during the 1st quarter. Premier Path Wealth Partners LLC now owns 4,427 shares of the real estate investment trust's stock worth $678,000 after buying an additional 77 shares during the period. Finally, CVA Family Office LLC grew its position in shares of Welltower by 12.3% during the 1st quarter. CVA Family Office LLC now owns 733 shares of the real estate investment trust's stock worth $112,000 after buying an additional 80 shares during the period. Institutional investors and hedge funds own 94.80% of the company's stock.

Welltower Stock Up 0.4%

WELL traded up $0.56 during trading on Wednesday, reaching $152.32. The company had a trading volume of 3,086,381 shares, compared to its average volume of 2,919,408. The company has a debt-to-equity ratio of 0.46, a current ratio of 4.23 and a quick ratio of 4.23. Welltower Inc. has a 12 month low of $102.92 and a 12 month high of $158.55. The business's fifty day moving average price is $151.17 and its 200 day moving average price is $144.93. The company has a market cap of $99.61 billion, a P/E ratio of 87.54, a PEG ratio of 1.79 and a beta of 0.92.

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

Welltower Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 22nd. Stockholders of record on Wednesday, May 14th were given a $0.67 dividend. This represents a $2.68 dividend on an annualized basis and a dividend yield of 1.76%. The ex-dividend date of this dividend was Wednesday, May 14th. Welltower's dividend payout ratio is presently 154.02%.

Analysts Set New Price Targets

WELL has been the subject of several analyst reports. Wedbush reiterated an "underperform" rating on shares of Welltower in a research report on Thursday, April 17th. 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 research report on Monday, June 2nd. Morgan Stanley boosted their price objective on shares of Welltower from $155.00 to $160.00 and gave the company an "overweight" rating in a report on Tuesday, May 6th. Scotiabank restated an "outperform" rating on shares of Welltower in a report on Monday, June 23rd. Finally, Mizuho boosted their price objective on shares of Welltower from $141.00 to $170.00 and gave the company an "outperform" rating in a report on Tuesday, March 18th. Two analysts have rated the stock with a sell rating, one has assigned a hold rating, eight have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, Welltower currently has an average rating of "Moderate Buy" and a consensus price target of $168.18.

Insider Activity at Welltower

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

About Welltower

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.