Wall Street analysts expect Welltower Inc (NYSE:WELL) to announce earnings per share (EPS) of $1.03 for the current quarter, according to Zacks Investment Research. Five analysts have issued estimates for Welltower’s earnings, with the lowest EPS estimate coming in at $1.01 and the highest estimate coming in at $1.05. Welltower posted earnings of $1.02 per share during the same quarter last year, which would suggest a positive year over year growth rate of 1%. The firm is expected to report its next earnings results on Thursday, February 28th.
According to Zacks, analysts expect that Welltower will report full year earnings of $4.04 per share for the current fiscal year, with EPS estimates ranging from $3.99 to $4.07. For the next fiscal year, analysts expect that the business will report earnings of $4.22 per share, with EPS estimates ranging from $4.13 to $4.35. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side research analysts that cover Welltower.
Welltower (NYSE:WELL) last posted its quarterly earnings data on Tuesday, October 30th. The real estate investment trust reported $0.17 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.02 by ($0.85). The company had revenue of $1.24 billion during the quarter, compared to the consensus estimate of $1.16 billion. Welltower had a return on equity of 4.86% and a net margin of 12.99%. The firm’s revenue for the quarter was up 13.3% on a year-over-year basis. During the same quarter last year, the company posted $1.08 earnings per share.
Several research firms recently weighed in on WELL. ValuEngine upgraded shares of Welltower from a “hold” rating to a “buy” rating in a research report on Wednesday, October 31st. Stifel Nicolaus set a $66.00 price objective on shares of Welltower and gave the stock a “buy” rating in a research report on Monday, July 30th. MED upped their price objective on shares of Welltower to $72.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 31st. SunTrust Banks upped their price objective on shares of Welltower to $72.00 and gave the stock a “hold” rating in a research report on Wednesday, October 31st. Finally, BMO Capital Markets restated a “hold” rating and issued a $58.00 price objective on shares of Welltower in a research report on Monday, July 30th. Ten equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Welltower currently has an average rating of “Hold” and a consensus price target of $64.21.
WELL stock opened at $69.48 on Friday. The company has a current ratio of 1.54, a quick ratio of 1.54 and a debt-to-equity ratio of 0.93. The company has a market capitalization of $25.96 billion, a P/E ratio of 16.50, a P/E/G ratio of 2.89 and a beta of 0.17. Welltower has a 1-year low of $49.58 and a 1-year high of $69.85.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 21st. Shareholders of record on Monday, November 12th will be paid a $0.87 dividend. This represents a $3.48 annualized dividend and a yield of 5.01%. The ex-dividend date is Friday, November 9th. Welltower’s dividend payout ratio is currently 82.66%.
Institutional investors and hedge funds have recently modified their holdings of the business. Principal Financial Group Inc. purchased a new stake in shares of Welltower during the first quarter valued at approximately $308,744,000. Millennium Management LLC purchased a new stake in shares of Welltower during the first quarter valued at approximately $785,000. IFM Investors Pty Ltd boosted its stake in shares of Welltower by 49.1% during the second quarter. IFM Investors Pty Ltd now owns 16,788 shares of the real estate investment trust’s stock valued at $1,052,000 after purchasing an additional 5,530 shares during the period. Trust Co. of Vermont boosted its stake in shares of Welltower by 76.5% during the second 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 period. Finally, Bogart Wealth LLC boosted its stake in shares of Welltower by 4.1% during the second 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 period. 84.98% of the stock is owned by institutional investors and hedge funds.
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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