$1.08 Billion in Sales Expected for Welltower Inc (HCN) This Quarter

Analysts expect that Welltower Inc (NYSE:HCN) will post sales of $1.08 billion for the current quarter, Zacks Investment Research reports. Three analysts have made estimates for Welltower’s earnings, with estimates ranging from $1.05 billion to $1.10 billion. Welltower also reported sales of $1.08 billion during the same quarter last year. The firm is scheduled to announce its next quarterly earnings report before the market opens on Thursday, February 22nd.

On average, analysts expect that Welltower will report full-year sales of $1.08 billion for the current year, with estimates ranging from $4.18 billion to $4.45 billion. For the next fiscal year, analysts forecast that the company will post sales of $4.40 billion per share, with estimates ranging from $4.20 billion to $4.60 billion. Zacks’ sales averages are a mean average based on a survey of research analysts that follow Welltower.

Welltower (NYSE:HCN) last posted its quarterly earnings results 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. The company had revenue of $1.09 billion for the quarter, compared to analyst estimates of $1.06 billion. Welltower had a net margin of 22.67% and a return on equity of 7.45%. The business’s quarterly revenue was up 1.1% on a year-over-year basis. During the same period last year, the business posted $1.16 EPS.

Several brokerages have recently weighed in on HCN. ValuEngine lowered shares of Welltower from a “buy” rating to a “hold” rating in a research report on Friday. Zacks Investment Research upgraded shares of Welltower from a “sell” rating to a “hold” rating in a research report on Tuesday, January 23rd. SunTrust Banks set a $66.00 target price on shares of Welltower and gave the company a “hold” rating in a research report on Monday, January 22nd. BMO Capital Markets set a $57.00 target price on shares of Welltower and gave the company a “sell” rating in a research report on Monday, January 15th. Finally, Stephens set a $70.00 target price on shares of Welltower and gave the company a “buy” rating in a research report on Friday, January 12th. Three analysts have rated the stock with a sell rating, ten have issued a hold rating and five have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $71.62.

In other news, Director Gary Whitelaw purchased 1,420 shares of the business’s stock in a transaction that occurred on Tuesday, November 21st. The stock was purchased at an average cost of $68.39 per share, with a total value of $97,113.80. Following the acquisition, the director now directly owns 1,420 shares of the company’s stock, valued at approximately $97,113.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.19% of the company’s stock.

A number of hedge funds have recently made changes to their positions in the stock. Bank of New York Mellon Corp lifted its holdings in Welltower by 11.3% during the 3rd quarter. Bank of New York Mellon Corp now owns 7,592,729 shares of the real estate investment trust’s stock valued at $533,618,000 after purchasing an additional 768,861 shares during the last quarter. PGGM Investments lifted its holdings in Welltower by 10.7% during the 4th quarter. PGGM Investments now owns 5,280,000 shares of the real estate investment trust’s stock valued at $336,706,000 after purchasing an additional 511,088 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in Welltower by 2.4% during the 3rd quarter. Dimensional Fund Advisors LP now owns 5,171,211 shares of the real estate investment trust’s stock valued at $363,435,000 after purchasing an additional 121,252 shares during the last quarter. Schwab Charles Investment Management Inc. lifted its holdings in Welltower by 6.4% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 3,544,275 shares of the real estate investment trust’s stock valued at $226,019,000 after purchasing an additional 214,622 shares during the last quarter. Finally, Legal & General Group Plc lifted its holdings in Welltower by 5.1% during the 3rd quarter. Legal & General Group Plc now owns 2,759,908 shares of the real estate investment trust’s stock valued at $193,968,000 after purchasing an additional 132,748 shares during the last quarter. 86.59% of the stock is owned by hedge funds and other institutional investors.

Shares of Welltower (NYSE:HCN) opened at $58.45 on Friday. 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 stock has a market cap of $21,495.51, a price-to-earnings ratio of 23.57, a price-to-earnings-growth ratio of 4.02 and a beta of 0.17. Welltower has a 12-month low of $56.89 and a 12-month high of $78.17.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, February 21st. Investors of record on Tuesday, February 13th will be issued a dividend of $0.87 per share. This represents a $3.48 annualized dividend and a yield of 5.95%. The ex-dividend date is Monday, February 12th. Welltower’s dividend payout ratio is currently 140.32%.

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Welltower Company Profile

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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Earnings History and Estimates for Welltower (NYSE:HCN)

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