Equities research analysts expect Welltower Inc (NYSE:WELL) to post $1.09 billion in sales for the current quarter, Zacks reports. Four analysts have issued estimates for Welltower’s earnings, with the lowest sales estimate coming in at $1.07 billion and the highest estimate coming in at $1.11 billion. Welltower reported sales of $1.06 billion in the same quarter last year, which would suggest a positive year-over-year growth rate of 2.8%. The business is expected to announce its next earnings report on Friday, July 27th.
On average, analysts expect that Welltower will report full-year sales of $4.47 billion for the current fiscal year, with estimates ranging from $4.35 billion to $4.60 billion. For the next year, analysts anticipate that the business will post sales of $4.63 billion per share, with estimates ranging from $4.42 billion to $4.77 billion. Zacks’ sales averages are an average based on a survey of sell-side analysts that that provide coverage for Welltower.
Welltower (NYSE:WELL) last announced its quarterly earnings results on Thursday, April 26th. The real estate investment trust reported $1.17 earnings per share for the quarter, topping analysts’ consensus estimates of $1.00 by $0.17. Welltower had a return on equity of 5.13% and a net margin of 14.60%. The company had revenue of $1.10 billion during the quarter, compared to analysts’ expectations of $1.09 billion. During the same quarter in the previous year, the firm earned $1.05 earnings per share. The business’s quarterly revenue was up 3.3% compared to the same quarter last year.
WELL has been the subject of a number of analyst reports. Raymond James raised Welltower to an “outperform” rating in a research report on Friday, June 1st. Royal Bank of Canada set a $62.00 price target on Welltower and gave the stock a “hold” rating in a research report on Monday, February 26th. Hilliard Lyons raised Welltower from an “underperform” rating to a “neutral” rating in a research report on Friday, April 27th. BMO Capital Markets raised Welltower from an “underperform” rating to a “market perform” rating and set a $55.00 price target for the company in a research report on Friday, May 18th. Finally, Bank of America reduced their price target on Welltower from $67.00 to $58.00 and set a “neutral” rating for the company in a research report on Thursday, March 8th. Two analysts have rated the stock with a sell rating, twelve have assigned a hold rating and five have given a buy rating to the company’s stock. Welltower has an average rating of “Hold” and an average price target of $62.86.
Shares of NYSE:WELL traded up $0.25 on Tuesday, reaching $59.05. The company had a trading volume of 2,089,092 shares, compared to its average volume of 1,655,133. Welltower has a twelve month low of $49.58 and a twelve month high of $78.17. The stock has a market capitalization of $21.87 billion, a P/E ratio of 14.03, a P/E/G ratio of 2.46 and a beta of 0.23. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.75 and a quick ratio of 1.75.
In other Welltower news, Director Gary Whitelaw acquired 925 shares of the business’s stock in a transaction that occurred on Tuesday, May 1st. The stock was acquired at an average price of $54.18 per share, with a total value of $50,116.50. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.17% of the stock is currently owned by insiders.
A number of institutional investors have recently bought and sold shares of WELL. Lincluden Management Ltd. acquired a new position in Welltower in the 1st quarter valued at approximately $3,948,000. Ashfield Capital Partners LLC acquired a new position in Welltower in the 1st quarter valued at approximately $2,442,000. Fort Washington Investment Advisors Inc. OH acquired a new position in Welltower in the 1st quarter valued at approximately $589,000. Parkside Financial Bank & Trust acquired a new position in Welltower in the 1st quarter valued at approximately $356,000. Finally, FDx Advisors Inc. acquired a new position in Welltower in the 1st quarter valued at approximately $4,165,000. 83.71% of the stock is owned by hedge funds and other institutional investors.
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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