Welltower (NYSE:HCN) updated its FY18 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of $3.95-4.05 for the period, compared to the Thomson Reuters consensus estimate of $4.16.
Several brokerages recently issued reports on HCN. Stifel Nicolaus reduced their price target on shares of Welltower from $74.00 to $60.00 and set a buy rating on the stock in a research report on Friday. SunTrust Banks set a $58.00 price target on shares of Welltower and gave the company a hold rating in a research report on Friday. BMO Capital Markets set a $57.00 price target on shares of Welltower and gave the company a sell rating in a research report on Thursday. TheStreet cut shares of Welltower from a b- rating to a c+ rating in a research report on Thursday, February 8th. Finally, ValuEngine cut shares of Welltower from a buy rating to a hold rating in a research report on Friday, February 2nd. Three investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and five have given a buy rating to the stock. The company has a consensus rating of Hold and a consensus price target of $69.92.
Shares of Welltower (HCN) traded down $0.27 on Friday, reaching $53.47. 718,001 shares of the company’s stock were exchanged, compared to its average volume of 2,907,618. The stock has a market capitalization of $19,995.56, a PE ratio of 21.60, a PEG ratio of 3.80 and a beta of 0.15. The company has a current ratio of 1.76, a quick ratio of 1.76 and a debt-to-equity ratio of 0.79. Welltower has a twelve month low of $53.00 and a twelve month high of $78.17.
Welltower (NYSE:HCN) last announced its quarterly earnings data on Thursday, February 22nd. The real estate investment trust reported $1.02 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.04 by ($0.02). The business had revenue of $1.10 billion during the quarter, compared to analysts’ expectations of $1.09 billion. Welltower had a return on equity of 7.45% and a net margin of 22.67%. Welltower’s revenue for the quarter was up 2.4% compared to the same quarter last year. During the same quarter last year, the company posted $0.91 EPS. sell-side analysts forecast that Welltower will post 4.24 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, February 21st. Shareholders of record on Tuesday, February 13th were issued a $0.87 dividend. This represents a $3.48 dividend on an annualized basis and a yield of 6.51%. The ex-dividend date of this dividend was Monday, February 12th. Welltower’s dividend payout ratio (DPR) is presently 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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