Brokerages Expect Welltower Inc. (HCN) Will Post Earnings of $1.05 Per Share
Wall Street analysts expect that Welltower Inc. (NYSE:HCN) will announce earnings of $1.05 per share for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for Welltower’s earnings. The lowest EPS estimate is $1.02 and the highest is $1.10. Welltower posted earnings per share of $0.91 during the same quarter last year, which would indicate a positive year over year growth rate of 15.4%. The business is scheduled to report its next earnings results on Wednesday, February 28th.
According to Zacks, analysts expect that Welltower will report full-year earnings of $4.24 per share for the current financial year, with EPS estimates ranging from $4.20 to $4.29. For the next financial year, analysts expect that the firm will post earnings of $4.34 per share, with EPS estimates ranging from $4.07 to $4.46. Zacks’ EPS calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for Welltower.
Welltower (NYSE:HCN) last announced its quarterly earnings data on Tuesday, November 7th. The real estate investment trust reported $1.08 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.05 by $0.03. Welltower had a return on equity of 7.45% and a net margin of 22.67%. The company had revenue of $1.09 billion for the quarter, compared to analysts’ expectations of $1.06 billion. During the same quarter in the prior year, the firm earned $1.16 earnings per share. Welltower’s revenue was up 1.1% compared to the same quarter last year.
In other Welltower news, Director Gary Whitelaw acquired 1,420 shares of the firm’s stock in a transaction dated Tuesday, November 21st. The stock was purchased at an average price of $68.39 per share, for a total transaction of $97,113.80. Following the acquisition, the director now owns 1,420 shares in the company, valued at approximately $97,113.80. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.19% of the company’s stock.
Institutional investors and hedge funds have recently modified their holdings of the company. Arrowstreet Capital Limited Partnership purchased a new stake in shares of Welltower during the 2nd quarter valued at $1,332,000. Oppenheimer Asset Management Inc. increased its position in shares of Welltower by 1.5% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 219,738 shares of the real estate investment trust’s stock valued at $16,448,000 after acquiring an additional 3,215 shares during the period. Swiss National Bank increased its position in shares of Welltower by 2.7% in the 2nd quarter. Swiss National Bank now owns 1,552,966 shares of the real estate investment trust’s stock valued at $116,240,000 after acquiring an additional 40,200 shares during the period. Intl Fcstone Inc. acquired a new position in shares of Welltower in the 2nd quarter valued at $655,000. Finally, State of Tennessee Treasury Department increased its position in shares of Welltower by 18.4% in the 3rd quarter. State of Tennessee Treasury Department now owns 118,597 shares of the real estate investment trust’s stock valued at $8,335,000 after acquiring an additional 18,447 shares during the period. Hedge funds and other institutional investors own 86.67% of the company’s stock.
Welltower (NYSE:HCN) opened at $65.92 on Tuesday. Welltower has a 52 week low of $63.05 and a 52 week high of $78.17. The stock has a market capitalization of $24,562.06, a P/E ratio of 15.46, a P/E/G ratio of 4.46 and a beta of 0.25. The company has a quick ratio of 1.76, a current ratio of 1.76 and a debt-to-equity ratio of 0.79.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, November 20th. Stockholders of record on Tuesday, November 7th were issued a dividend of $0.87 per share. The ex-dividend date was Monday, November 6th. This represents a $3.48 annualized dividend and a dividend yield of 5.28%. Welltower’s dividend payout ratio is presently 140.32%.
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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