USS Investment Management Ltd Sells 12,269 Shares of Welltower Inc. (NYSE:WELL)

USS Investment Management Ltd lowered its position in Welltower Inc. (NYSE:WELL - Free Report) by 9.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 111,703 shares of the real estate investment trust's stock after selling 12,269 shares during the quarter. USS Investment Management Ltd's holdings in Welltower were worth $14,064,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of WELL. Roxbury Financial LLC acquired a new stake in shares of Welltower during the 4th quarter worth about $26,000. Sierra Ocean LLC bought a new stake in shares of Welltower during the 4th quarter worth approximately $28,000. First Command Advisory Services Inc. acquired a new stake in shares of Welltower in the 4th quarter valued at $50,000. Cape Investment Advisory Inc. acquired a new stake in Welltower in the fourth quarter valued at about $53,000. Finally, Harel Insurance Investments & Financial Services Ltd. acquired a new position in Welltower during the 4th quarter worth approximately $68,000. 94.80% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the stock. Scotiabank boosted their target price on shares of Welltower from $165.00 to $166.00 and gave the stock a "sector outperform" rating in a report on Thursday, March 6th. Morgan Stanley increased their price objective on Welltower from $155.00 to $160.00 and gave the stock an "overweight" rating in a research note on Tuesday, May 6th. Wedbush reiterated an "underperform" rating on shares of Welltower in a report on Thursday, April 17th. Wells Fargo & Company reiterated an "equal weight" rating on shares of Welltower in a report on Thursday, April 17th. Finally, Evercore ISI lifted their price objective on shares of Welltower from $145.00 to $157.00 and gave the stock an "in-line" rating in a research report on Thursday, May 1st. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating, eight have issued a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $161.83.

Welltower Stock Performance

Shares of WELL opened at $151.14 on Wednesday. Welltower Inc. has a 52-week low of $99.77 and a 52-week high of $158.55. The stock's 50-day simple moving average is $147.61 and its 200 day simple moving average is $140.46. The company has a debt-to-equity ratio of 0.48, a quick ratio of 4.22 and a current ratio of 4.22. The stock has a market capitalization of $98.84 billion, a price-to-earnings ratio of 96.88, a price-to-earnings-growth ratio of 2.87 and a beta of 0.94.

Welltower (NYSE:WELL - Get Free Report) last announced its quarterly earnings results on Monday, April 28th. The real estate investment trust reported $1.20 earnings per share for the quarter, beating the consensus estimate of $1.15 by $0.05. Welltower had a return on equity of 3.15% and a net margin of 11.91%. The firm had revenue of $2.42 billion for the quarter, compared to analysts' expectations of $2.40 billion. During the same period in the prior year, the business posted $1.01 earnings per share. The company's revenue was up 30.3% on a year-over-year basis. Research analysts forecast that Welltower Inc. will post 4.88 EPS for the current fiscal year.

Welltower Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, May 22nd. Shareholders of record on Wednesday, May 14th will be issued a $0.67 dividend. This represents a $2.68 annualized dividend and a yield of 1.77%. The ex-dividend date is Wednesday, May 14th. Welltower's payout ratio is 154.02%.

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.

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