Fulcrum Capital LLC Trims Stake in Welltower Inc. (NYSE:WELL)

Fulcrum Capital LLC reduced its position in shares of Welltower Inc. (NYSE:WELL) by 3.8% during the 4th quarter, HoldingsChannel reports. The firm owned 6,126 shares of the real estate investment trust’s stock after selling 242 shares during the period. Fulcrum Capital LLC’s holdings in Welltower were worth $772,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of WELL. Meeder Asset Management Inc. purchased a new position in shares of Welltower during the 2nd quarter valued at about $30,000. Fortitude Family Office LLC increased its stake in shares of Welltower by 37.0% in the 3rd quarter. Fortitude Family Office LLC now owns 289 shares of the real estate investment trust’s stock valued at $37,000 after purchasing an additional 78 shares in the last quarter. Versant Capital Management Inc boosted its holdings in Welltower by 165.5% in the 4th quarter. Versant Capital Management Inc now owns 300 shares of the real estate investment trust’s stock worth $38,000 after buying an additional 187 shares during the last quarter. Ashton Thomas Securities LLC acquired a new position in shares of Welltower during the 3rd quarter worth approximately $50,000. Finally, FSA Wealth Management LLC acquired a new position in Welltower in the third quarter valued at approximately $59,000. 94.80% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on WELL. Raymond James upped their price objective on Welltower from $145.00 to $155.00 and gave the stock a “strong-buy” rating in a research report on Monday, December 16th. Scotiabank upped their price objective on Welltower from $133.00 to $142.00 and gave the stock a “sector outperform” rating in a research report on Monday, November 25th. Mizuho increased their target price on Welltower from $136.00 to $141.00 and gave the company an “outperform” rating in a report on Thursday, December 5th. StockNews.com raised Welltower from a “sell” rating to a “hold” rating in a report on Wednesday, October 30th. Finally, Wells Fargo & Company reissued an “equal weight” rating and issued a $135.00 target price (up previously from $134.00) on shares of Welltower in a report on Tuesday, October 1st. Five investment analysts have rated the stock with a hold rating, seven have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat, Welltower has an average rating of “Moderate Buy” and a consensus target price of $127.63.

Welltower Price Performance

Shares of WELL traded up $0.92 during mid-day trading on Monday, reaching $125.70. 1,106,128 shares of the company’s stock were exchanged, compared to its average volume of 2,201,271. The company has a quick ratio of 4.10, a current ratio of 4.10 and a debt-to-equity ratio of 0.51. The company has a 50-day simple moving average of $131.25 and a two-hundred day simple moving average of $123.74. Welltower Inc. has a 52-week low of $85.40 and a 52-week high of $140.75. The company has a market cap of $78.27 billion, a price-to-earnings ratio of 82.70, a PEG ratio of 2.90 and a beta of 1.22.

Welltower (NYSE:WELL) last released its quarterly earnings results on Monday, October 28th. The real estate investment trust reported $0.73 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.04 by ($0.31). The firm had revenue of $2.06 billion for the quarter, compared to analysts’ expectations of $1.95 billion. Welltower had a return on equity of 3.20% and a net margin of 12.22%. The business’s quarterly revenue was up 23.7% on a year-over-year basis. During the same period last year, the firm earned $0.92 EPS. On average, sell-side analysts predict that Welltower Inc. will post 4.3 EPS for the current fiscal year.

Welltower Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, November 21st. Shareholders of record on Wednesday, November 13th were given a $0.67 dividend. The ex-dividend date of this dividend was Wednesday, November 13th. This represents a $2.68 annualized dividend and a yield of 2.13%. Welltower’s dividend payout ratio (DPR) is 176.32%.

Welltower 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.