CORDA Investment Management LLC. Purchases New Holdings in Welltower Inc (WELL)

CORDA Investment Management LLC. purchased a new stake in Welltower Inc (NYSE:WELL) in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 499,230 shares of the real estate investment trust’s stock, valued at approximately $32,110,000. Welltower comprises 3.8% of CORDA Investment Management LLC.’s holdings, making the stock its 2nd biggest holding. CORDA Investment Management LLC. owned about 0.13% of Welltower at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Skandinaviska Enskilda Banken AB publ bought a new stake in Welltower during the 3rd quarter worth about $4,675,000. Dupont Capital Management Corp bought a new stake in Welltower during the 3rd quarter worth about $2,507,000. Global Financial Private Capital LLC bought a new stake in Welltower during the 3rd quarter worth about $9,516,000. Flagship Harbor Advisors LLC bought a new stake in Welltower during the 3rd quarter worth about $386,000. Finally, Essex Financial Services Inc. bought a new stake in Welltower during the 3rd quarter worth about $223,000. 84.98% of the stock is owned by institutional investors and hedge funds.

Shares of WELL stock opened at $69.48 on Friday. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.54 and a quick ratio of 1.54. The stock has a market capitalization of $25.96 billion, a PE ratio of 16.50, a P/E/G ratio of 2.89 and a beta of 0.17. Welltower Inc has a one year low of $49.58 and a one year high of $69.85.

Welltower (NYSE:WELL) last announced its quarterly earnings results on Tuesday, October 30th. The real estate investment trust reported $0.17 EPS for the quarter, missing analysts’ consensus estimates of $1.02 by ($0.85). Welltower had a net margin of 12.99% and a return on equity of 4.86%. The company had revenue of $1.24 billion during the quarter, compared to the consensus estimate of $1.16 billion. During the same period last year, the company earned $1.08 earnings per share. The business’s revenue was up 13.3% compared to the same quarter last year. As a group, sell-side analysts expect that Welltower Inc will post 4.05 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 21st. Investors of record on Monday, November 12th will be given a $0.87 dividend. The ex-dividend date of this dividend is Friday, November 9th. This represents a $3.48 annualized dividend and a dividend yield of 5.01%. Welltower’s dividend payout ratio is presently 82.66%.

WELL has been the subject of several recent research reports. TheStreet raised Welltower from a “c+” rating to a “b” rating in a report on Friday, July 13th. BMO Capital Markets reaffirmed a “hold” rating and issued a $58.00 price target on shares of Welltower in a research note on Monday, July 30th. SunTrust Banks set a $64.00 price target on Welltower and gave the company a “hold” rating in a research note on Monday, July 30th. Stifel Nicolaus set a $66.00 price target on Welltower and gave the company a “buy” rating in a research note on Monday, July 30th. Finally, Stephens reaffirmed a “buy” rating and issued a $64.00 price target on shares of Welltower in a research note on Tuesday, July 31st. Ten investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Welltower presently has a consensus rating of “Hold” and an average price target of $64.21.

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About Welltower

Welltower Inc (NYSE:WELL), an S&P 500 company headquartered in Toledo, Ohio, is driving the transformation of health care infrastructure. The company 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.

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Institutional Ownership by Quarter for Welltower (NYSE:WELL)

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