Equities research analysts forecast that Welltower Inc (NYSE:HCN) will announce earnings of $1.05 per share for the current quarter, according to Zacks Investment Research. Three analysts have provided estimates for Welltower’s earnings, with the highest EPS estimate coming in at $1.10 and the lowest estimate coming in at $1.02. Welltower posted earnings per share of $1.10 during the same quarter last year, which would indicate a negative year-over-year growth rate of 4.5%. The company is scheduled to issue its next earnings report before the market opens on Thursday, February 22nd.
On average, analysts expect that Welltower will report full-year earnings of $4.24 per share for the current financial year, with EPS estimates ranging from $4.20 to $4.29. For the next financial year, analysts forecast that the company will post earnings of $4.25 per share, with EPS estimates ranging from $4.05 to $4.44. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side research firms that cover Welltower.
A number of research firms have recently weighed in on HCN. Stifel Nicolaus reduced their target price on shares of Welltower from $75.00 to $74.00 and set a “buy” rating on the stock in a report on Friday, November 3rd. BMO Capital Markets set a $57.00 target price on shares of Welltower and gave the stock a “sell” rating in a report on Monday, January 15th. ValuEngine downgraded shares of Welltower from a “buy” rating to a “hold” rating in a report on Friday. Royal Bank of Canada restated a “hold” rating and issued a $74.00 target price on shares of Welltower in a report on Tuesday, October 10th. Finally, Mizuho restated a “hold” rating and issued a $67.00 target price on shares of Welltower in a report on Monday, December 11th. Three research analysts have rated the stock with a sell rating, ten have assigned a hold rating and five have assigned a buy rating to the company’s stock. Welltower currently has an average rating of “Hold” and an average target price of $71.62.
Welltower (NYSE HCN) traded up $0.41 during trading on Thursday, hitting $58.45. 2,821,263 shares of the stock were exchanged, compared to its average volume of 2,593,699. Welltower has a 12-month low of $56.89 and a 12-month high of $78.17. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.76 and a current ratio of 1.76. The company has a market cap of $21,647.37, a P/E ratio of 23.57, a PEG ratio of 4.05 and a beta of 0.17.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, February 21st. Investors of record on Tuesday, February 13th will be paid a dividend of $0.87 per share. The ex-dividend date of this dividend is Monday, February 12th. This represents a $3.48 dividend on an annualized basis and a dividend yield of 5.95%. Welltower’s dividend payout ratio is presently 140.32%.
In other news, Director Gary Whitelaw purchased 1,420 shares of the company’s stock in a transaction that occurred on Tuesday, November 21st. The stock was purchased at an average cost of $68.39 per share, with a total value of $97,113.80. Following the purchase, the director now owns 1,420 shares in the company, valued at $97,113.80. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.19% of the stock is currently owned by insiders.
Several hedge funds have recently added to or reduced their stakes in HCN. PGGM Investments boosted its stake in shares of Welltower by 112.9% during the 3rd quarter. PGGM Investments now owns 4,768,912 shares of the real estate investment trust’s stock worth $335,159,000 after purchasing an additional 2,529,412 shares during the period. Cohen & Steers Inc. purchased a new stake in Welltower in the 3rd quarter valued at about $125,329,000. Bank of New York Mellon Corp boosted its position in Welltower by 11.3% in the 3rd quarter. Bank of New York Mellon Corp now owns 7,592,729 shares of the real estate investment trust’s stock valued at $533,618,000 after buying an additional 768,861 shares during the period. Prudential Financial Inc. boosted its position in Welltower by 42.7% in the 3rd quarter. Prudential Financial Inc. now owns 1,534,876 shares of the real estate investment trust’s stock valued at $107,871,000 after buying an additional 459,593 shares during the period. Finally, Adelante Capital Management LLC boosted its position in Welltower by 20.5% in the 3rd quarter. Adelante Capital Management LLC now owns 1,557,532 shares of the real estate investment trust’s stock valued at $109,463,000 after buying an additional 264,638 shares during the period. 86.59% of the stock is owned by hedge funds and other institutional investors.
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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