Wall Street analysts expect Welltower Inc (NYSE:WELL) to report earnings of $1.04 per share for the current fiscal quarter, according to Zacks Investment Research. Five analysts have provided estimates for Welltower’s earnings, with the lowest EPS estimate coming in at $1.02 and the highest estimate coming in at $1.05. Welltower posted earnings per share of $1.02 in the same quarter last year, which would indicate a positive year over year growth rate of 2%. The company is expected to announce its next quarterly earnings report on Thursday, February 28th.
On average, analysts expect that Welltower will report full year earnings of $4.05 per share for the current fiscal year, with EPS estimates ranging from $4.01 to $4.07. For the next financial year, analysts expect that the company will post earnings of $4.22 per share, with EPS estimates ranging from $4.13 to $4.28. Zacks’ EPS calculations are an average based on a survey of research firms that follow Welltower.
Welltower (NYSE:WELL) last released its quarterly earnings data on Tuesday, October 30th. The real estate investment trust reported $0.17 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.02 by ($0.85). The firm had revenue of $1.24 billion for the quarter, compared to analysts’ expectations of $1.16 billion. Welltower had a return on equity of 4.86% and a net margin of 12.99%. Welltower’s revenue for the quarter was up 13.3% on a year-over-year basis. During the same period last year, the firm posted $1.08 earnings per share.
Several research firms have recently issued reports on WELL. ValuEngine raised shares of Welltower from a “hold” rating to a “buy” rating in a research report on Wednesday, November 21st. MED lifted 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 lifted 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. TheStreet cut shares of Welltower from a “b” rating to a “c+” rating in a research report on Thursday, October 11th. Finally, Barclays began coverage on shares of Welltower in a research report on Tuesday, September 25th. They set an “overweight” rating for the company. Ten research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Welltower currently has a consensus rating of “Hold” and an average target price of $64.21.
Large investors have recently made changes to their positions in the stock. Hartford Financial Management Inc. acquired a new stake in Welltower during the 3rd quarter worth $103,000. Hudock Capital Group LLC acquired a new stake in Welltower during the 3rd quarter worth $107,000. River Wealth Advisors LLC acquired a new stake in Welltower during the 3rd quarter worth $108,000. Bessemer Group Inc. acquired a new stake in Welltower during the 3rd quarter worth $119,000. Finally, Synovus Financial Corp acquired a new stake in Welltower during the 3rd quarter worth $120,000. Hedge funds and other institutional investors own 84.92% of the company’s stock.
Welltower stock opened at $72.33 on Monday. The firm has a market cap of $27.17 billion, a PE ratio of 17.18, a PEG ratio of 3.03 and a beta of 0.17. Welltower has a 12-month low of $49.58 and a 12-month high of $72.34. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.54 and a quick ratio of 1.54.
The business also recently declared a quarterly dividend, which was paid on Wednesday, November 21st. Investors of record on Monday, November 12th were paid a dividend of $0.87 per share. The ex-dividend date was Friday, November 9th. This represents a $3.48 annualized dividend and a yield of 4.81%. Welltower’s dividend payout ratio is currently 82.66%.
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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