Fulcrum Capital LLC Sells 242 Shares of Welltower Inc. (NYSE:WELL)

Fulcrum Capital LLC lowered its holdings in Welltower Inc. (NYSE:WELL) by 3.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund 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 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Meeder Asset Management Inc. bought a new position in shares of Welltower during the 2nd quarter valued at about $30,000. Fortitude Family Office LLC increased its position in shares of Welltower by 37.0% during 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 during the last quarter. Versant Capital Management Inc increased its position in shares of Welltower by 165.5% during the 4th quarter. Versant Capital Management Inc now owns 300 shares of the real estate investment trust’s stock valued at $38,000 after purchasing an additional 187 shares during the last quarter. Ashton Thomas Securities LLC bought a new position in shares of Welltower during the 3rd quarter valued at about $50,000. Finally, FSA Wealth Management LLC bought a new position in shares of Welltower during the 3rd quarter valued at about $59,000. Hedge funds and other institutional investors own 94.80% of the company’s stock.

Welltower Stock Performance

NYSE WELL traded up $0.92 on Monday, hitting $125.70. 1,106,128 shares of the company traded hands, compared to its average volume of 2,201,271. The company has a market capitalization of $78.27 billion, a price-to-earnings ratio of 82.70, a P/E/G ratio of 2.90 and a beta of 1.22. The company has a current ratio of 4.10, a quick ratio of 4.10 and a debt-to-equity ratio of 0.51. The business’s 50 day moving average price is $131.25 and its 200-day moving average price is $123.74. Welltower Inc. has a 52-week low of $85.40 and a 52-week high of $140.75.

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

Welltower Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 21st. Shareholders of record on Wednesday, November 13th were paid a dividend of $0.67 per share. 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 payout ratio is currently 176.32%.

Wall Street Analyst Weigh In

A number of research firms have recently commented on WELL. Jefferies Financial Group upgraded Welltower from a “hold” rating to a “buy” rating and raised their target price for the company from $132.00 to $147.00 in a research note on Thursday, January 2nd. StockNews.com upgraded Welltower from a “sell” rating to a “hold” rating in a research note on Wednesday, October 30th. Mizuho lifted their price objective on Welltower from $136.00 to $141.00 and gave the company an “outperform” rating in a research note on Thursday, December 5th. Wells Fargo & Company reiterated an “equal weight” rating and set a $135.00 price objective (up previously from $134.00) on shares of Welltower in a research note on Tuesday, October 1st. Finally, Scotiabank lifted their price objective on Welltower from $133.00 to $142.00 and gave the company a “sector outperform” rating in a research note on Monday, November 25th. Five research analysts have rated the stock with a hold rating, seven have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $127.63.

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.