KeyCorp Weighs in on Welltower’s FY2019 Earnings (WELL)

Welltower (NYSE:WELL) – Analysts at KeyCorp issued their FY2019 EPS estimates for Welltower in a note issued to investors on Monday, April 16th. KeyCorp analyst J. Sadler anticipates that the real estate investment trust will post earnings per share of $4.15 for the year.

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A number of other research analysts have also issued reports on the stock. Zacks Investment Research upgraded shares of Welltower from a “sell” rating to a “hold” rating in a report on Tuesday, January 23rd. Stephens set a $70.00 target price on shares of Welltower and gave the company a “buy” rating in a report on Friday, January 12th. BMO Capital Markets set a $57.00 target price on shares of Welltower and gave the company a “sell” rating in a report on Monday, January 15th. ValuEngine upgraded shares of Welltower from a “hold” rating to a “buy” rating in a report on Saturday, January 13th. Finally, Royal Bank of Canada set a $62.00 target price on shares of Welltower and gave the company a “hold” rating in a report on Monday, February 26th. Three analysts have rated the stock with a sell rating, eleven have issued a hold rating and four have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $64.77.

NYSE:WELL opened at $52.84 on Wednesday. The stock has a market capitalization of $19,527.52, a price-to-earnings ratio of 12.55, a PEG ratio of 2.26 and a beta of 0.20. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.85 and a current ratio of 1.85. Welltower has a 12-month low of $51.63 and a 12-month high of $78.17.

Welltower (NYSE:WELL) last released its earnings results on Thursday, February 22nd. The real estate investment trust reported $1.02 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.04 by ($0.02). The firm had revenue of $1.10 billion during the quarter, compared to analysts’ expectations of $1.09 billion. Welltower had a net margin of 12.13% and a return on equity of 4.35%. Welltower’s revenue for the quarter was up 2.4% on a year-over-year basis. During the same quarter last year, the company posted $0.91 earnings per share.

In related news, Director Gary Whitelaw acquired 1,862 shares of the business’s stock in a transaction dated Monday, February 26th. The shares were acquired at an average cost of $53.61 per share, for a total transaction of $99,821.82. Following the acquisition, the director now directly owns 5,843 shares in the company, valued at approximately $313,243.23. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Kenneth J. Bacon acquired 600 shares of the business’s stock in a transaction dated Thursday, March 15th. The shares were bought at an average price of $53.63 per share, for a total transaction of $32,178.00. The disclosure for this purchase can be found here. Corporate insiders own 0.17% of the company’s stock.

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Welltower Company Profile

Welltower Inc (NYSE:HCN), 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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