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

Fulcrum Capital LLC reduced its stake in shares of Welltower Inc. (NYSE:WELL) by 10.2% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund 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 also recently added to or reduced their stakes in the stock. Commerzbank Aktiengesellschaft FI raised its holdings in Welltower by 28.0% in the third quarter. Commerzbank Aktiengesellschaft FI now owns 4,399 shares of the real estate investment trust’s stock worth $564,000 after purchasing an additional 962 shares in the last quarter. Signaturefd LLC grew its position in shares of Welltower by 5.4% in the 3rd quarter. Signaturefd LLC now owns 9,747 shares of the real estate investment trust’s stock worth $1,248,000 after buying an additional 497 shares during the last quarter. Sequoia Financial Advisors LLC raised its stake in shares of Welltower by 4.4% during the 3rd quarter. Sequoia Financial Advisors LLC now owns 7,824 shares of the real estate investment trust’s stock worth $1,002,000 after acquiring an additional 331 shares in the last quarter. Whittier Trust Co. lifted its position in Welltower by 16.9% during the third quarter. Whittier Trust Co. now owns 4,331 shares of the real estate investment trust’s stock valued at $554,000 after acquiring an additional 625 shares during the last quarter. Finally, One Degree Advisors Inc acquired a new stake in Welltower in the third quarter valued at approximately $243,000. Institutional investors own 94.80% of the company’s stock.

Wall Street Analyst Weigh In

WELL has been the subject of several analyst reports. 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 report on Tuesday, October 1st. Evercore ISI raised their price target on Welltower from $106.00 to $114.00 and gave the stock an “in-line” rating in a report on Monday, September 16th. Morgan Stanley upped their price objective on shares of Welltower from $103.00 to $107.50 and gave the company an “overweight” rating in a report on Thursday, July 11th. KeyCorp increased their price objective on shares of Welltower from $95.00 to $115.00 and gave the company an “overweight” rating in a research report on Tuesday, July 2nd. Finally, Scotiabank boosted their target price on shares of Welltower from $121.00 to $133.00 and gave the stock a “sector outperform” rating in a research report on Monday, September 23rd. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, seven have given a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Welltower presently has an average rating of “Moderate Buy” and a consensus price target of $115.38.

Welltower Trading Up 1.3 %

Shares of Welltower stock opened at $131.77 on Thursday. The stock has a market cap of $78.79 billion, a PE ratio of 162.68, a price-to-earnings-growth ratio of 2.87 and a beta of 1.21. The firm has a fifty day moving average price of $125.03 and a 200 day moving average price of $110.40. Welltower Inc. has a 1 year low of $80.80 and a 1 year high of $132.54. The company has a debt-to-equity ratio of 0.47, a current ratio of 4.07 and a quick ratio of 4.07.

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

Welltower Increases Dividend

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

About Welltower

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.