Welltower Inc. (HCN) Set to Announce Quarterly Earnings on Tuesday
Welltower Inc. (NYSE:HCN) is scheduled to announce its earnings results before the market opens on Tuesday, November 7th. Analysts expect the company to announce earnings of $0.45 per share for the quarter.
Welltower (NYSE:HCN) last posted its quarterly earnings results on Friday, July 28th. The real estate investment trust reported $1.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.05 by $0.01. The firm had revenue of $1.06 billion for the quarter, compared to analysts’ expectations of $1.04 billion. Welltower had a net margin of 28.94% and a return on equity of 8.74%. During the same period in the prior year, the company posted $0.54 earnings per share. On average, analysts expect Welltower to post $2.31 EPS for the current fiscal year and $1.92 EPS for the next fiscal year.
Shares of Welltower Inc. (NYSE:HCN) opened at 67.21 on Tuesday. The company has a 50-day moving average of $69.93 and a 200 day moving average of $72.21. Welltower Inc. has a 12-month low of $59.39 and a 12-month high of $78.17. The firm has a market capitalization of $24.79 billion, a PE ratio of 20.93 and a beta of 0.24.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, November 20th. Stockholders of record on Tuesday, November 7th will be given a $0.87 dividend. The ex-dividend date is Monday, November 6th. This represents a $3.48 annualized dividend and a dividend yield of 5.18%. Welltower’s dividend payout ratio is 108.41%.
Several equities research analysts have recently weighed in on HCN shares. KeyCorp reissued a “hold” rating on shares of Welltower in a research report on Tuesday, October 17th. Royal Bank Of Canada reissued a “hold” rating and issued a $74.00 price objective on shares of Welltower in a research report on Tuesday, October 10th. Capital One Financial Corporation started coverage on Welltower in a research report on Monday, September 25th. They issued an “equal weight” rating and a $74.00 price objective for the company. UBS AG reduced their price objective on Welltower from $71.00 to $69.00 and set a “neutral” rating for the company in a research report on Monday, October 2nd. Finally, BidaskClub cut Welltower from a “hold” rating to a “sell” rating in a research report on Friday, July 28th. Three equities research analysts have rated the stock with a sell rating, ten have given a hold rating and six have assigned a buy rating to the company. Welltower currently has a consensus rating of “Hold” and a consensus price target of $72.43.
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.
Receive News & Ratings for Welltower Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Welltower Inc. and related companies with MarketBeat.com's FREE daily email newsletter.