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.
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.
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.
Further Reading: How does inflation affect different investments?
Want to see what other hedge funds are holding WELL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Welltower Inc (NYSE:WELL).
Receive News & Ratings for Welltower Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Welltower and related companies with MarketBeat.com's FREE daily email newsletter.