Welltower Inc. (HCN) Expected to Post Earnings of $1.05 Per Share
Wall Street analysts predict that Welltower Inc. (NYSE:HCN) will post earnings per share (EPS) of $1.05 for the current quarter, according to Zacks. Three analysts have issued estimates for Welltower’s earnings. The lowest EPS estimate is $1.04 and the highest is $1.06. Welltower reported earnings of $0.98 per share in the same quarter last year, which would indicate a positive year over year growth rate of 7.1%. The company is scheduled to announce its next earnings results on Wednesday, November 1st.
On average, analysts expect that Welltower will report full-year earnings of $4.21 per share for the current financial year, with EPS estimates ranging from $4.00 to $4.29. For the next fiscal year, analysts expect that the company will report earnings of $4.39 per share, with EPS estimates ranging from $4.31 to $4.51. Zacks’ earnings per share averages are a mean average based on a survey of sell-side analysts that that provide coverage for Welltower.
Welltower (NYSE:HCN) last posted its quarterly earnings data on Friday, July 28th. The real estate investment trust reported $1.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.05 by $0.01. Welltower had a net margin of 28.94% and a return on equity of 8.74%. The company had revenue of $1.06 billion during the quarter, compared to the consensus estimate of $1.04 billion. During the same period in the previous year, the firm posted $0.54 EPS.
Several equities analysts recently weighed in on HCN shares. BidaskClub cut shares of Welltower from a “hold” rating to a “sell” rating in a research note on Friday, July 28th. Royal Bank Of Canada reissued a “hold” rating and issued a $74.00 price objective on shares of Welltower in a research note on Wednesday. Mizuho reissued a “neutral” rating on shares of Welltower in a research note on Wednesday, June 28th. BMO Capital Markets reissued a “sell” rating and issued a $68.00 price objective on shares of Welltower in a research note on Friday, July 28th. Finally, Jefferies Group LLC reissued a “hold” rating and issued a $65.00 price objective on shares of Welltower in a research note on Friday, May 12th. Four investment analysts have rated the stock with a sell rating, six have assigned a hold rating and seven have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $72.75.
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Several institutional investors have recently added to or reduced their stakes in HCN. Geneva Advisors LLC lifted its holdings in shares of Welltower by 1.7% in the 1st quarter. Geneva Advisors LLC now owns 3,169 shares of the real estate investment trust’s stock worth $224,000 after acquiring an additional 52 shares during the last quarter. Genesee Valley Trust Co. lifted its holdings in shares of Welltower by 1.2% in the 1st quarter. Genesee Valley Trust Co. now owns 4,935 shares of the real estate investment trust’s stock worth $349,000 after acquiring an additional 60 shares during the last quarter. Bbva Compass Bancshares Inc. lifted its holdings in shares of Welltower by 6.7% in the 1st quarter. Bbva Compass Bancshares Inc. now owns 16,287 shares of the real estate investment trust’s stock worth $1,153,000 after acquiring an additional 1,019 shares during the last quarter. Daiwa Securities Group Inc. lifted its holdings in shares of Welltower by 6.9% in the 1st quarter. Daiwa Securities Group Inc. now owns 51,100 shares of the real estate investment trust’s stock worth $3,619,000 after acquiring an additional 3,280 shares during the last quarter. Finally, Sheaff Brock Investment Advisors LLC lifted its holdings in shares of Welltower by 1.6% in the 1st quarter. Sheaff Brock Investment Advisors LLC now owns 6,164 shares of the real estate investment trust’s stock worth $437,000 after acquiring an additional 100 shares during the last quarter. Hedge funds and other institutional investors own 86.00% of the company’s stock.
Welltower (NYSE HCN) traded up 0.92% during mid-day trading on Friday, hitting $74.67. 1,451,063 shares of the stock were exchanged. Welltower has a 52 week low of $59.39 and a 52 week high of $78.17. The company has a 50-day moving average of $72.34 and a 200-day moving average of $72.04. The stock has a market capitalization of $27.54 billion, a PE ratio of 23.25 and a beta of 0.24.
The company also recently announced a quarterly dividend, which was paid on Monday, August 21st. Stockholders of record on Tuesday, August 8th were issued a $0.87 dividend. The ex-dividend date was Friday, August 4th. This represents a $3.48 annualized dividend and a dividend yield of 4.66%. Welltower’s dividend payout ratio (DPR) is presently 108.41%.
Welltower Inc invests with seniors housing operators, post-acute providers and health systems to fund real estate and infrastructure. The Company invests in seniors housing and healthcare real estate. It operates in three segments: triple-net, seniors housing operating and outpatient medical. Welltower, a real estate investment trust (REIT), owns interests in properties concentrated in markets in the United States, Canada and the United Kingdom, consisting of seniors housing and post-acute communities, and outpatient medical properties.
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