CORDA Investment Management LLC. Has $51.08 Million Stock Holdings in Welltower Inc. $WELL

CORDA Investment Management LLC. lessened its holdings in Welltower Inc. (NYSE:WELL) by 1.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 286,763 shares of the real estate investment trust’s stock after selling 4,918 shares during the quarter. Welltower makes up approximately 3.6% of CORDA Investment Management LLC.’s holdings, making the stock its 6th biggest holding. CORDA Investment Management LLC.’s holdings in Welltower were worth $51,084,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of WELL. Sachetta LLC boosted its stake in Welltower by 14.9% in the third quarter. Sachetta LLC now owns 448 shares of the real estate investment trust’s stock valued at $80,000 after acquiring an additional 58 shares during the last quarter. ORG Partners LLC raised its position in shares of Welltower by 13.9% during the 3rd quarter. ORG Partners LLC now owns 662 shares of the real estate investment trust’s stock valued at $118,000 after acquiring an additional 81 shares during the last quarter. ORG Wealth Partners LLC lifted its stake in shares of Welltower by 69.9% in the 3rd quarter. ORG Wealth Partners LLC now owns 967 shares of the real estate investment trust’s stock valued at $172,000 after purchasing an additional 398 shares during the period. Fairfield Financial Advisors LTD boosted its position in shares of Welltower by 24.6% in the 3rd quarter. Fairfield Financial Advisors LTD now owns 33,052 shares of the real estate investment trust’s stock worth $5,888,000 after purchasing an additional 6,533 shares during the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd grew its stake in shares of Welltower by 7.0% during the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 248,368 shares of the real estate investment trust’s stock worth $44,244,000 after purchasing an additional 16,337 shares during the period. Institutional investors and hedge funds own 94.80% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently commented on WELL. Jefferies Financial Group reiterated a “buy” rating and issued a $231.00 price objective on shares of Welltower in a report on Monday, December 15th. Morgan Stanley upped their price target on Welltower from $170.00 to $200.00 and gave the company an “overweight” rating in a research note on Thursday, November 20th. UBS Group cut their price target on shares of Welltower from $232.00 to $228.00 and set a “buy” rating on the stock in a research report on Thursday. Wall Street Zen cut shares of Welltower from a “hold” rating to a “sell” rating in a report on Saturday, December 20th. Finally, Loop Capital set a $196.00 target price on shares of Welltower in a research note on Wednesday, October 29th. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Welltower presently has an average rating of “Moderate Buy” and a consensus price target of $204.80.

Welltower Price Performance

NYSE WELL opened at $186.12 on Friday. The company has a debt-to-equity ratio of 0.43, a quick ratio of 5.47 and a current ratio of 5.47. The stock has a market cap of $127.74 billion, a price-to-earnings ratio of 128.36, a PEG ratio of 1.31 and a beta of 0.86. The business has a 50 day simple moving average of $192.61 and a 200 day simple moving average of $175.57. Welltower Inc. has a 52-week low of $123.11 and a 52-week high of $209.05.

Welltower (NYSE:WELL) last released its quarterly earnings results on Monday, October 27th. The real estate investment trust reported $1.34 earnings per share for the quarter, beating the consensus estimate of $1.30 by $0.04. Welltower had a net margin of 9.69% and a return on equity of 2.71%. The company had revenue of $2.69 billion during the quarter, compared to analysts’ expectations of $2.70 billion. During the same quarter in the prior year, the company earned $1.11 earnings per share. The business’s quarterly revenue was up 30.7% compared to the same quarter last year. Welltower has set its FY 2025 guidance at 5.240-5.300 EPS. Analysts anticipate that Welltower Inc. will post 4.88 earnings per share for the current fiscal year.

Welltower Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, November 20th. Stockholders of record on Tuesday, November 11th were given a dividend of $0.74 per share. This represents a $2.96 annualized dividend and a dividend yield of 1.6%. The ex-dividend date of this dividend was Monday, November 10th. Welltower’s dividend payout ratio is currently 204.14%.

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.