Equities analysts predict that Welltower Inc (NYSE:WELL) will post sales of $1.17 billion for the current quarter, according to Zacks. Four analysts have made estimates for Welltower’s earnings. The lowest sales estimate is $1.11 billion and the highest is $1.24 billion. Welltower reported sales of $1.09 billion in the same quarter last year, which indicates a positive year over year growth rate of 7.3%. The company is scheduled to announce its next quarterly earnings report on Tuesday, November 6th.
On average, analysts expect that Welltower will report full year sales of $4.54 billion for the current year, with estimates ranging from $4.44 billion to $4.72 billion. For the next financial year, analysts forecast that the business will post sales of $4.73 billion per share, with estimates ranging from $4.45 billion to $5.08 billion. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that that provide coverage for Welltower.
Welltower (NYSE:WELL) last posted its quarterly earnings results on Friday, July 27th. The real estate investment trust reported $0.41 EPS for the quarter, missing the Zacks’ consensus estimate of $0.99 by ($0.58). Welltower had a return on equity of 4.95% and a net margin of 13.64%. The business had revenue of $1.13 billion during the quarter, compared to analysts’ expectations of $1.10 billion. Welltower’s revenue was up 6.4% on a year-over-year basis.
A number of research firms recently commented on WELL. ValuEngine raised Welltower from a “sell” rating to a “hold” rating in a report on Thursday, September 6th. Morgan Stanley upped their price objective on Welltower from $63.00 to $67.00 and gave the stock an “overweight” rating in a report on Thursday, August 16th. Goldman Sachs Group initiated coverage on Welltower in a report on Monday, August 6th. They set a “neutral” rating and a $59.00 price objective on the stock. Royal Bank of Canada set a $63.00 price objective on Welltower and gave the stock a “hold” rating in a report on Tuesday, July 31st. Finally, Stephens reaffirmed a “buy” rating and set a $64.00 price objective on shares of Welltower in a report on Tuesday, July 31st. Thirteen investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $64.13.
NYSE WELL opened at $67.15 on Friday. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.77 and a current ratio of 1.77. Welltower has a 12 month low of $49.58 and a 12 month high of $74.71. The company has a market capitalization of $24.87 billion, a P/E ratio of 15.95, a price-to-earnings-growth ratio of 2.73 and a beta of 0.25.
The business also recently announced a quarterly dividend, which was paid on Tuesday, August 21st. Stockholders of record on Tuesday, August 7th were given a dividend of $0.87 per share. This represents a $3.48 annualized dividend and a dividend yield of 5.18%. The ex-dividend date of this dividend was Monday, August 6th. Welltower’s dividend payout ratio is currently 82.66%.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Trust Co. of Vermont increased its position in shares of Welltower by 76.5% during the 2nd quarter. Trust Co. of Vermont now owns 2,189 shares of the real estate investment trust’s stock valued at $138,000 after purchasing an additional 949 shares during the last quarter. Sumitomo Life Insurance Co. increased its position in shares of Welltower by 5.2% during the 2nd quarter. Sumitomo Life Insurance Co. now owns 19,867 shares of the real estate investment trust’s stock valued at $1,245,000 after purchasing an additional 975 shares during the last quarter. Bogart Wealth LLC increased its position in shares of Welltower by 4.1% during the 2nd quarter. Bogart Wealth LLC now owns 30,838 shares of the real estate investment trust’s stock valued at $1,933,000 after purchasing an additional 1,203 shares during the last quarter. Capital Investment Advisors LLC increased its position in shares of Welltower by 2.2% during the 2nd quarter. Capital Investment Advisors LLC now owns 56,343 shares of the real estate investment trust’s stock valued at $3,532,000 after purchasing an additional 1,232 shares during the last quarter. Finally, Private Asset Management Inc. increased its position in shares of Welltower by 3.1% during the 2nd quarter. Private Asset Management Inc. now owns 46,980 shares of the real estate investment trust’s stock valued at $2,557,000 after purchasing an additional 1,413 shares during the last quarter. 84.93% of the stock is currently owned by hedge funds and other institutional investors.
Welltower Company Profile
Welltower Inc (NYSE:WELL), an S&P 500 company headquartered in Toledo, Ohio, is driving the transformation of health care infrastructure. The company 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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