Welltower Inc Expected to Post FY2018 Earnings of $4.06 Per Share (WELL)

Welltower Inc (NYSE:WELL) – Investment analysts at Mitsubishi UFJ Financial Group raised their FY2018 EPS estimates for Welltower in a report issued on Wednesday, October 31st. Mitsubishi UFJ Financial Group analyst K. Ford now forecasts that the real estate investment trust will post earnings per share of $4.06 for the year, up from their prior estimate of $4.04.

Welltower (NYSE:WELL) last issued its quarterly earnings results on Tuesday, October 30th. The real estate investment trust reported $0.17 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.02 by ($0.85). Welltower had a net margin of 12.99% and a return on equity of 4.86%. The business had revenue of $1.24 billion during the quarter, compared to analyst estimates of $1.16 billion. During the same period in the previous year, the company posted $1.08 earnings per share. Welltower’s revenue was up 13.3% compared to the same quarter last year.

A number of other research firms have also commented on WELL. TheStreet raised shares of Welltower from a “c+” rating to a “b” rating in a research note on Friday, July 13th. BMO Capital Markets reaffirmed a “hold” rating and set a $58.00 price objective on shares of Welltower in a research note on Monday, July 30th. SunTrust Banks set a $64.00 price objective on shares of Welltower and gave the company a “hold” rating in a research note on Monday, July 30th. Stifel Nicolaus set a $66.00 price objective on shares of Welltower and gave the company a “buy” rating in a research note on Monday, July 30th. Finally, Stephens reaffirmed a “buy” rating and set a $64.00 price objective on shares of Welltower in a research note on Tuesday, July 31st. Ten investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Welltower has a consensus rating of “Hold” and a consensus price target of $64.21.

Shares of NYSE WELL opened at $65.86 on Monday. Welltower has a twelve month low of $49.58 and a twelve month high of $69.85. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.54 and a quick ratio of 1.77. The stock has a market capitalization of $24.74 billion, a price-to-earnings ratio of 15.64, a price-to-earnings-growth ratio of 2.76 and a beta of 0.17.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 21st. Stockholders of record on Monday, November 12th will be issued a $0.87 dividend. The ex-dividend date is Friday, November 9th. This represents a $3.48 dividend on an annualized basis and a dividend yield of 5.28%. Welltower’s dividend payout ratio is 82.66%.

Institutional investors and hedge funds have recently modified their holdings of the company. Hartford Financial Management Inc. acquired a new position in shares of Welltower in the 3rd quarter valued at about $103,000. Hudock Capital Group LLC acquired a new position in shares of Welltower in the 3rd quarter valued at about $107,000. Synovus Financial Corp acquired a new position in shares of Welltower in the 3rd quarter valued at about $120,000. Trust Co. of Vermont increased its holdings in shares of Welltower by 76.5% in the 2nd quarter. Trust Co. of Vermont now owns 2,189 shares of the real estate investment trust’s stock valued at $138,000 after purchasing an additional 949 shares during the period. Finally, Whitnell & Co. acquired a new position in shares of Welltower in the 3rd quarter valued at about $197,000. Institutional investors own 84.91% of the company’s stock.

About Welltower

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.

Featured Story: Outstanding Shares and The Effect on Share Price

Earnings History and Estimates for Welltower (NYSE:WELL)

Receive News & Ratings for Welltower Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Welltower and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply