Equities analysts expect Welltower Inc (NYSE:WELL) to report sales of $1.23 billion for the current quarter, according to Zacks. Five analysts have made estimates for Welltower’s earnings, with the highest sales estimate coming in at $1.29 billion and the lowest estimate coming in at $1.20 billion. Welltower reported sales of $1.10 billion during the same quarter last year, which would suggest a positive year-over-year growth rate of 11.8%. The firm is expected to issue its next earnings report on Thursday, February 28th.
According to Zacks, analysts expect that Welltower will report full year sales of $4.70 billion for the current fiscal year, with estimates ranging from $4.52 billion to $4.91 billion. For the next year, analysts expect that the firm will post sales of $5.06 billion, with estimates ranging from $4.86 billion to $5.23 billion. Zacks’ sales calculations are a mean average based on a survey of analysts that that provide coverage for Welltower.
Welltower (NYSE:WELL) last announced its quarterly earnings results on Tuesday, October 30th. The real estate investment trust reported $0.17 earnings per share for the quarter, missing the consensus estimate of $1.02 by ($0.85). Welltower had a return on equity of 4.86% and a net margin of 12.99%. The business had revenue of $1.24 billion during the quarter, compared to analysts’ expectations of $1.16 billion. During the same period in the previous year, the company posted $1.08 EPS. Welltower’s revenue for the quarter was up 13.3% on a year-over-year basis.
WELL has been the subject of several research reports. ValuEngine raised shares of Welltower from a “hold” rating to a “buy” rating in a research report on Wednesday, October 31st. Barclays initiated coverage on shares of Welltower in a research report on Tuesday, September 25th. They issued an “overweight” rating for the company. MED upped their price target 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 target on shares of Welltower to $72.00 and gave the stock a “hold” rating in a research report on Wednesday, October 31st. Finally, TheStreet cut shares of Welltower from a “b” rating to a “c+” rating in a research report on Thursday, October 11th. Ten equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $64.50.
Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. acquired a new position in Welltower during the 3rd quarter valued at approximately $3,075,144,000. BlackRock Inc. acquired a new position in Welltower during the 3rd quarter valued at approximately $2,461,568,000. Cohen & Steers Inc. acquired a new position in Welltower during the 3rd quarter valued at approximately $1,459,560,000. FMR LLC acquired a new position in Welltower during the 3rd quarter valued at approximately $473,389,000. Finally, PGGM Investments acquired a new position in Welltower during the 3rd quarter valued at approximately $449,854,000. Hedge funds and other institutional investors own 88.54% of the company’s stock.
Shares of WELL traded down $0.99 during mid-day trading on Wednesday, hitting $73.73. The company’s stock had a trading volume of 3,167,370 shares, compared to its average volume of 1,782,102. Welltower has a 52-week low of $49.58 and a 52-week high of $74.75. The stock has a market capitalization of $28.07 billion, a PE ratio of 17.51, a PEG ratio of 3.12 and a beta of 0.26. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.54 and a current ratio of 1.54.
The company also recently disclosed 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 of this dividend was Friday, November 9th. This represents a $3.48 annualized dividend and a dividend yield of 4.72%. Welltower’s dividend payout ratio (DPR) is presently 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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