Welltower Inc. $WELL Shares Sold by CORDA Investment Management LLC.

Key Points

• CORDA Investment Management LLC has reduced its holdings in Welltower Inc. by 2.8%, now owning 291,681 shares worth approximately $44.8 million, constituting about 3.3% of its portfolio.
• Welltower reported a 39.6% increase in revenue year-over-year for the quarter, with earnings per share of $1.28, exceeding analysts' expectations.
• The company recently increased its quarterly dividend from $0.67 to $0.74 per share, representing a yield of 1.7% with a dividend payout ratio of 167.23%.

CORDA Investment Management LLC. lessened its position in shares of Welltower Inc. (NYSE:WELL - Free Report) by 2.8% in the second quarter, according to its most recent filing with the SEC. The firm owned 291,681 shares of the real estate investment trust's stock after selling 8,260 shares during the quarter. Welltower makes up approximately 3.3% of CORDA Investment Management LLC.'s investment portfolio, making the stock its 8th largest holding. CORDA Investment Management LLC.'s holdings in Welltower were worth $44,840,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the company. SouthState Corp grew its position in shares of Welltower by 704.8% during the 1st quarter. SouthState Corp now owns 169 shares of the real estate investment trust's stock worth $26,000 after buying an additional 148 shares during the period. Wealth Preservation Advisors LLC acquired a new stake in shares of Welltower during the 1st quarter worth approximately $27,000. Smallwood Wealth Investment Management LLC acquired a new stake in shares of Welltower during the 1st quarter worth approximately $28,000. Hughes Financial Services LLC acquired a new stake in shares of Welltower during the 1st quarter worth approximately $31,000. Finally, N.E.W. Advisory Services LLC acquired a new stake in shares of Welltower during the 1st quarter worth approximately $32,000. Institutional investors and hedge funds own 94.80% of the company's stock.

Welltower Stock Performance

NYSE WELL opened at $175.33 on Monday. The company has a fifty day simple moving average of $168.80 and a 200 day simple moving average of $158.11. Welltower Inc. has a 12-month low of $123.11 and a 12-month high of $180.40. The company has a current ratio of 4.19, a quick ratio of 4.19 and a debt-to-equity ratio of 0.44. The company has a market cap of $117.27 billion, a P/E ratio of 99.06, a PEG ratio of 1.97 and a beta of 0.92.

Welltower (NYSE:WELL - Get Free Report) last posted its quarterly earnings results on Monday, July 28th. The real estate investment trust reported $1.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.22 by $0.06. Welltower had a net margin of 12.18% and a return on equity of 3.38%. The business had revenue of $2.55 billion during the quarter, compared to the consensus estimate of $2.49 billion. During the same quarter last year, the firm posted $1.05 EPS. Welltower's revenue was up 39.6% compared to the same quarter last year. Welltower has set its FY 2025 guidance at 5.060-5.14 EPS. Sell-side analysts predict that Welltower Inc. will post 4.88 earnings per share for the current fiscal year.

Welltower Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 21st. Shareholders of record on Tuesday, August 12th were paid a dividend of $0.74 per share. This is a boost from Welltower's previous quarterly dividend of $0.67. The ex-dividend date was Tuesday, August 12th. This represents a $2.96 annualized dividend and a yield of 1.7%. Welltower's dividend payout ratio (DPR) is 167.23%.

Wall Street Analyst Weigh In

Several analysts have recently commented on the stock. KeyCorp raised their price objective on shares of Welltower from $150.00 to $200.00 and gave the stock an "overweight" rating in a research report on Tuesday, September 23rd. Scotiabank raised their price objective on shares of Welltower from $181.00 to $182.00 and gave the stock an "outperform" rating in a research report on Monday, October 6th. UBS Group assumed coverage on shares of Welltower in a research report on Friday, September 19th. They set a "buy" rating and a $195.00 price objective for the company. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Welltower in a research report on Wednesday, October 8th. Finally, Evercore ISI increased their target price on Welltower from $175.00 to $183.00 and gave the stock an "in-line" rating in a report on Monday, September 15th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $185.36.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.