Brokerages Expect Welltower Inc. (NYSE:WELL) Will Post Quarterly Sales of $1.35 Billion

Wall Street analysts expect Welltower Inc. (NYSE:WELLGet Rating) to post sales of $1.35 billion for the current fiscal quarter, Zacks reports. Five analysts have provided estimates for Welltower’s earnings, with the lowest sales estimate coming in at $1.26 billion and the highest estimate coming in at $1.43 billion. Welltower reported sales of $1.05 billion during the same quarter last year, which indicates a positive year over year growth rate of 28.6%. The firm is scheduled to announce its next earnings results after the market closes on Monday, January 1st.

On average, analysts expect that Welltower will report full year sales of $5.54 billion for the current year, with estimates ranging from $5.17 billion to $6.05 billion. For the next fiscal year, analysts anticipate that the firm will report sales of $5.95 billion, with estimates ranging from $5.43 billion to $6.76 billion. Zacks Investment Research’s sales averages are an average based on a survey of research firms that follow Welltower.

Welltower (NYSE:WELLGet Rating) last released its earnings results on Tuesday, February 15th. The real estate investment trust reported $0.13 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.15 by ($0.02). Welltower had a return on equity of 2.19% and a net margin of 7.09%. During the same quarter last year, the firm earned $0.84 earnings per share.

Several research firms recently issued reports on WELL. Raymond James raised their target price on shares of Welltower from $100.00 to $105.00 and gave the stock a “strong-buy” rating in a research report on Friday, March 18th. StockNews.com raised shares of Welltower from a “sell” rating to a “hold” rating in a research report on Sunday, April 3rd. KeyCorp raised their target price on shares of Welltower from $96.00 to $98.00 and gave the stock an “overweight” rating in a research report on Friday, April 1st. Scotiabank raised shares of Welltower from a “sector perform” rating to a “sector outperform” rating and set a $110.00 price target on the stock in a research report on Monday, April 4th. Finally, Royal Bank of Canada lifted their price target on shares of Welltower from $93.00 to $97.00 and gave the company an “outperform” rating in a research report on Wednesday, March 9th. One investment analyst has rated the stock with a sell rating, four have given a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of $96.75.

WELL opened at $90.69 on Wednesday. The company’s 50 day simple moving average is $92.74 and its 200 day simple moving average is $86.95. The company has a debt-to-equity ratio of 0.76, a quick ratio of 2.09 and a current ratio of 2.09. Welltower has a 1 year low of $70.74 and a 1 year high of $99.43. The stock has a market capitalization of $41.17 billion, a PE ratio of 116.27, a P/E/G ratio of 4.31 and a beta of 0.98.

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 8th. Stockholders of record on Tuesday, March 1st were given a dividend of $0.61 per share. The ex-dividend date of this dividend was Monday, February 28th. This represents a $2.44 dividend on an annualized basis and a dividend yield of 2.69%. Welltower’s payout ratio is currently 312.82%.

Several hedge funds and other institutional investors have recently bought and sold shares of WELL. Venture Visionary Partners LLC boosted its stake in Welltower by 1.1% during the 1st quarter. Venture Visionary Partners LLC now owns 96,927 shares of the real estate investment trust’s stock valued at $9,318,000 after acquiring an additional 1,023 shares during the last quarter. Metis Global Partners LLC raised its stake in shares of Welltower by 86.6% in the 1st quarter. Metis Global Partners LLC now owns 6,884 shares of the real estate investment trust’s stock valued at $661,000 after purchasing an additional 3,194 shares in the last quarter. State of New Jersey Common Pension Fund D lifted its position in shares of Welltower by 0.9% during the first quarter. State of New Jersey Common Pension Fund D now owns 535,898 shares of the real estate investment trust’s stock worth $51,522,000 after purchasing an additional 4,761 shares during the last quarter. Securian Asset Management Inc. grew its stake in Welltower by 13.8% in the first quarter. Securian Asset Management Inc. now owns 424,609 shares of the real estate investment trust’s stock worth $40,822,000 after purchasing an additional 51,500 shares in the last quarter. Finally, Values First Advisors Inc. grew its stake in Welltower by 4.1% in the first quarter. Values First Advisors Inc. now owns 6,052 shares of the real estate investment trust’s stock worth $582,000 after purchasing an additional 241 shares in the last quarter. 93.79% of the stock is currently owned by institutional investors and hedge funds.

Welltower Company Profile (Get Rating)

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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