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

CORDA Investment Management LLC. lowered its holdings in shares of Welltower Inc. (NYSE:WELL - Free Report) by 16.2% during the 1st quarter, according to its most recent 13F 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 3.7% of CORDA Investment Management LLC.'s holdings, making the stock its 6th largest position. CORDA Investment Management LLC.'s holdings in Welltower were worth $45,954,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the business. Harbor Capital Advisors Inc. acquired a new position in Welltower during the 1st quarter valued at about $28,000. Smallwood Wealth Investment Management LLC acquired a new position in shares of Welltower in the 1st quarter worth approximately $28,000. Franchise Capital Ltd acquired a new position in shares of Welltower in the 1st quarter worth approximately $32,000. ZynergyRetirementPlanningLLC acquired a new position in shares of Welltower in the 1st quarter worth approximately $33,000. Finally, Capital Advisors Ltd. LLC grew its stake in shares of Welltower by 57.2% in the 1st quarter. Capital Advisors Ltd. LLC now owns 294 shares of the real estate investment trust's stock worth $45,000 after purchasing an additional 107 shares during the last quarter. Institutional investors and hedge funds own 94.80% of the company's stock.

Insider Buying and Selling

In other Welltower news, Director Andrew Gundlach purchased 20,000 shares of the stock in a transaction on Monday, June 30th. The shares were purchased at an average price of $151.46 per share, with a total value of $3,029,200.00. Following the acquisition, the director directly owned 20,000 shares of the company's stock, valued at $3,029,200. This represents a ∞ increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 0.21% of the stock is currently owned by insiders.

Welltower Stock Up 0.2%

Shares of WELL stock traded up $0.27 during trading on Thursday, hitting $152.52. 726,383 shares of the company were exchanged, compared to its average volume of 2,901,061. The company has a debt-to-equity ratio of 0.46, a quick ratio of 4.23 and a current ratio of 4.23. The firm has a market capitalization of $99.74 billion, a price-to-earnings ratio of 87.68, a P/E/G ratio of 1.76 and a beta of 0.92. The business's 50-day simple moving average is $151.16 and its 200 day simple moving average is $144.98. Welltower Inc. has a twelve month low of $102.92 and a twelve month high of $158.55.

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

Welltower Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, May 22nd. Investors of record on Wednesday, May 14th were paid a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a yield of 1.76%. The ex-dividend date was Wednesday, May 14th. Welltower's payout ratio is currently 154.02%.

Analyst Ratings Changes

Several brokerages have recently issued reports on WELL. Scotiabank reaffirmed an "outperform" rating on shares of Welltower in a research note on Monday, June 23rd. Wells Fargo & Company lifted their price objective on shares of Welltower from $158.00 to $175.00 and gave the stock an "overweight" rating in a research note on Monday, June 2nd. Evercore ISI lifted their price objective on shares of Welltower from $145.00 to $157.00 and gave the stock an "in-line" rating in a research note on Thursday, May 1st. Morgan Stanley lifted their price objective on shares of Welltower from $155.00 to $160.00 and gave the stock an "overweight" rating in a research note on Tuesday, May 6th. Finally, Wall Street Zen cut shares of Welltower from a "hold" rating to a "sell" rating in a research note on Thursday, May 8th. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $168.18.

Welltower Company 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.