Contravisory Investment Management Inc. Increases Stock Holdings in Welltower Inc. $WELL

Contravisory Investment Management Inc. boosted its stake in Welltower Inc. (NYSE:WELL) by 104.5% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 11,017 shares of the real estate investment trust’s stock after acquiring an additional 5,630 shares during the quarter. Contravisory Investment Management Inc.’s holdings in Welltower were worth $2,178,000 as of its most recent filing with the SEC.

A number of other large investors also recently added to or reduced their stakes in WELL. Norges Bank acquired a new stake in shares of Welltower in the fourth quarter worth approximately $5,466,264,000. Cardano Risk Management B.V. raised its stake in Welltower by 955.3% during the fourth quarter. Cardano Risk Management B.V. now owns 9,513,540 shares of the real estate investment trust’s stock worth $1,765,808,000 after purchasing an additional 8,612,016 shares during the period. Capital World Investors lifted its holdings in Welltower by 153.0% in the fourth quarter. Capital World Investors now owns 10,744,520 shares of the real estate investment trust’s stock valued at $1,994,290,000 after acquiring an additional 6,497,258 shares during the last quarter. Vanguard Group Inc. grew its holdings in shares of Welltower by 2.9% during the 4th quarter. Vanguard Group Inc. now owns 92,421,471 shares of the real estate investment trust’s stock worth $17,154,349,000 after purchasing an additional 2,643,088 shares during the period. Finally, Capital International Investors increased its position in shares of Welltower by 4.1% during the third quarter. Capital International Investors now owns 46,516,255 shares of the real estate investment trust’s stock valued at $8,285,296,000 after acquiring an additional 1,842,934 shares during the last quarter. 94.80% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. Wells Fargo & Company increased their target price on Welltower from $228.00 to $237.00 and gave the stock an “overweight” rating in a research note on Monday, June 1st. Raymond James Financial initiated coverage on Welltower in a research report on Tuesday, June 16th. They set an “outperform” rating and a $226.00 price target on the stock. Weiss Ratings downgraded Welltower from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday. Scotiabank cut their target price on Welltower from $248.00 to $232.00 and set a “sector outperform” rating for the company in a research note on Thursday, June 18th. Finally, Mizuho set a $239.00 price objective on Welltower in a report on Friday, May 22nd. Twelve equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, Welltower presently has a consensus rating of “Moderate Buy” and a consensus target price of $230.25.

Welltower Trading Up 0.9%

WELL opened at $223.41 on Friday. The firm’s 50 day moving average is $211.52 and its 200-day moving average is $201.85. Welltower Inc. has a 52-week low of $148.97 and a 52-week high of $224.47. The company has a quick ratio of 4.31, a current ratio of 4.31 and a debt-to-equity ratio of 0.40. The firm has a market capitalization of $157.71 billion, a P/E ratio of 110.60, a P/E/G ratio of 1.14 and a beta of 0.79.

Welltower (NYSE:WELL) last announced its earnings results on Tuesday, April 28th. The real estate investment trust reported $1.02 earnings per share for the quarter, beating the consensus estimate of $0.68 by $0.34. The business had revenue of $3.35 billion during the quarter, compared to the consensus estimate of $3.12 billion. Welltower had a net margin of 11.96% and a return on equity of 3.45%. The business’s quarterly revenue was up 38.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.20 earnings per share. Welltower has set its FY 2026 guidance at 6.210-6.350 EPS. Analysts expect that Welltower Inc. will post 6.32 EPS for the current fiscal year.

Welltower Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 21st. Shareholders of record on Wednesday, May 13th were issued a dividend of $0.74 per share. The ex-dividend date was Wednesday, May 13th. This represents a $2.96 annualized dividend and a yield of 1.3%. Welltower’s payout ratio is currently 146.53%.

Welltower Profile

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.