Contravisory Investment Management Inc. Has $862,000 Position in Welltower Inc. $WELL

Key Points

• Contravisory Investment Management Inc. increased its stake in Welltower Inc. by 138% during Q2, holding shares valued at $862,000.
• Welltower recently reported earnings per share of $1.28 for the last quarter, exceeding analyst estimates and showing a 39.6% year-over-year revenue growth.
• The company has increased its quarterly dividend from $0.67 to $0.74 per share, representing an annual yield of 1.8%.

Contravisory Investment Management Inc. raised its position in Welltower Inc. (NYSE:WELL - Free Report) by 138.0% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 5,605 shares of the real estate investment trust's stock after purchasing an additional 3,250 shares during the period. Contravisory Investment Management Inc.'s holdings in Welltower were worth $862,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. SouthState Corp lifted its stake 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 purchasing an additional 148 shares during the period. Wealth Preservation Advisors LLC purchased a new position in shares of Welltower during the 1st quarter worth $27,000. Harbor Capital Advisors Inc. purchased a new position in shares of Welltower during the 1st quarter worth $28,000. Smallwood Wealth Investment Management LLC purchased a new position in shares of Welltower during the 1st quarter worth $28,000. Finally, Hughes Financial Services LLC purchased a new position in shares of Welltower during the 1st quarter worth $31,000. Hedge funds and other institutional investors own 94.80% of the company's stock.

Analyst Ratings Changes

A number of brokerages have weighed in on WELL. Raymond James Financial reissued a "strong-buy" rating on shares of Welltower in a research note on Tuesday, September 2nd. Scotiabank upped their price objective on Welltower from $172.00 to $181.00 and gave the stock an "outperform" rating in a report on Thursday, August 28th. UBS Group began coverage on Welltower in a report on Friday. They set a "buy" rating and a $195.00 price objective for the company. Evercore ISI upped their price objective on Welltower from $175.00 to $183.00 and gave the stock an "in-line" rating in a report on Monday, September 15th. Finally, Wells Fargo & Company upped their price objective on Welltower from $175.00 to $185.00 and gave the stock an "overweight" rating in a report on Wednesday, August 27th. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Welltower currently has an average rating of "Moderate Buy" and an average price target of $177.55.

Insider Transactions at Welltower

In other news, Director Andrew Gundlach purchased 20,000 shares of the firm's stock in a transaction on Monday, June 30th. The stock was purchased at an average cost of $151.46 per share, with a total value of $3,029,200.00. Following the purchase, the director owned 20,000 shares in the company, valued at $3,029,200. This trade represents a ∞ increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 0.21% of the company's stock.

Welltower Stock Up 1.2%

NYSE:WELL traded up $1.93 during mid-day trading on Monday, reaching $167.12. The stock had a trading volume of 1,501,391 shares, compared to its average volume of 2,969,404. The company has a debt-to-equity ratio of 0.44, a current ratio of 4.19 and a quick ratio of 4.19. The stock's 50 day simple moving average is $165.11 and its two-hundred day simple moving average is $154.92. Welltower Inc. has a 1-year low of $122.34 and a 1-year high of $171.09. The company has a market capitalization of $111.77 billion, a price-to-earnings ratio of 94.41, a price-to-earnings-growth ratio of 1.86 and a beta of 0.93.

Welltower (NYSE:WELL - Get Free Report) last issued its earnings results on Monday, July 28th. The real estate investment trust reported $1.28 EPS for the quarter, beating analysts' consensus estimates of $1.22 by $0.06. Welltower had a return on equity of 3.38% and a net margin of 12.18%.The company had revenue of $2.55 billion during the quarter, compared to the consensus estimate of $2.49 billion. During the same period in the previous year, the firm posted $1.05 earnings per share. Welltower's quarterly 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. Equities analysts anticipate that Welltower Inc. will post 4.88 EPS for the current year.

Welltower Increases Dividend

The company also recently declared 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 represents a $2.96 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date of this dividend was Tuesday, August 12th. This is an increase from Welltower's previous quarterly dividend of $0.67. Welltower's dividend payout ratio is 167.23%.

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.