Fulcrum Capital LLC Cuts Holdings in Welltower Inc. (NYSE:WELL)

Fulcrum Capital LLC reduced its position in shares of Welltower Inc. (NYSE:WELL) by 10.2% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,368 shares of the real estate investment trust’s stock after selling 720 shares during the quarter. Fulcrum Capital LLC’s holdings in Welltower were worth $815,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the business. First Foundation Advisors purchased a new position in Welltower during the second quarter worth approximately $26,000. TruNorth Capital Management LLC purchased a new position in shares of Welltower during the 2nd quarter valued at approximately $27,000. Meeder Asset Management Inc. acquired a new stake in Welltower in the 2nd quarter valued at $30,000. Manchester Capital Management LLC increased its holdings in Welltower by 338.7% in the 1st quarter. Manchester Capital Management LLC now owns 329 shares of the real estate investment trust’s stock worth $31,000 after acquiring an additional 254 shares in the last quarter. Finally, Centerpoint Advisors LLC acquired a new position in Welltower during the second quarter worth $31,000. 94.80% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have recently commented on the stock. Royal Bank of Canada boosted their target price on shares of Welltower from $101.00 to $114.00 and gave the stock a “sector perform” rating in a research note on Friday, August 9th. StockNews.com cut Welltower from a “hold” rating to a “sell” rating in a report on Monday, October 7th. Wolfe Research raised Welltower to a “strong-buy” rating in a research note on Friday, August 9th. KeyCorp increased their price objective on Welltower from $95.00 to $115.00 and gave the company an “overweight” rating in a research note on Tuesday, July 2nd. Finally, Wells Fargo & Company reaffirmed an “equal weight” rating and set a $135.00 target price (up previously from $134.00) on shares of Welltower in a research note on Tuesday, October 1st. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, seven have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $115.38.

Welltower Price Performance

Welltower stock opened at $131.77 on Thursday. The company has a current ratio of 4.07, a quick ratio of 4.07 and a debt-to-equity ratio of 0.47. The stock has a market cap of $78.79 billion, a P/E ratio of 162.68, a PEG ratio of 2.87 and a beta of 1.21. The company has a 50-day moving average price of $125.03 and a 200 day moving average price of $110.40. Welltower Inc. has a 12-month low of $80.80 and a 12-month high of $132.54.

Welltower (NYSE:WELL) last announced its quarterly earnings results on Monday, July 29th. The real estate investment trust reported $0.42 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.34 by $0.08. Welltower had a net margin of 8.36% and a return on equity of 2.21%. The business had revenue of $1.82 billion during the quarter, compared to the consensus estimate of $1.89 billion. During the same quarter last year, the firm earned $0.90 EPS. The business’s revenue was up 9.6% compared to the same quarter last year. Sell-side analysts anticipate that Welltower Inc. will post 4.19 earnings per share for the current year.

Welltower Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, August 21st. Stockholders of record on Monday, August 12th were paid a $0.67 dividend. This represents a $2.68 annualized dividend and a dividend yield of 2.03%. The ex-dividend date was Monday, August 12th. This is a positive change from Welltower’s previous quarterly dividend of $0.61. Welltower’s dividend payout ratio is 330.86%.

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.