Equities analysts predict that Welltower Inc. (NYSE:WELL – Get Rating) will post sales of $1.39 billion for the current quarter, Zacks Investment Research reports. Four analysts have issued estimates for Welltower’s earnings, with the lowest sales estimate coming in at $1.28 billion and the highest estimate coming in at $1.49 billion. Welltower posted sales of $1.14 billion during the same quarter last year, which suggests a positive year-over-year growth rate of 21.9%. The company is scheduled to report its next quarterly earnings results on Monday, January 1st.
According to Zacks, analysts expect that Welltower will report full-year sales of $5.61 billion for the current financial year, with estimates ranging from $5.17 billion to $6.05 billion. For the next financial year, analysts expect that the business will post sales of $6.08 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 sell-side research firms that cover Welltower.
Welltower (NYSE:WELL – Get Rating) last announced its quarterly earnings results on Tuesday, May 10th. The real estate investment trust reported $0.14 EPS for the quarter, missing analysts’ consensus estimates of $0.82 by ($0.68). The firm had revenue of $1.40 billion during the quarter, compared to the consensus estimate of $1.38 billion. Welltower had a net margin of 6.42% and a return on equity of 1.81%. The firm’s revenue was up 32.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.80 earnings per share.
Shares of NYSE:WELL opened at $87.71 on Tuesday. The firm has a market cap of $39.82 billion, a P/E ratio of 116.95, a P/E/G ratio of 2.95 and a beta of 0.98. The company has a quick ratio of 2.13, a current ratio of 2.13 and a debt-to-equity ratio of 0.78. Welltower has a 12-month low of $73.69 and a 12-month high of $99.43. The business has a fifty day simple moving average of $93.10 and a 200 day simple moving average of $87.55.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 31st. Stockholders of record on Tuesday, May 24th will be given a dividend of $0.61 per share. The ex-dividend date of this dividend is Monday, May 23rd. This represents a $2.44 annualized dividend and a dividend yield of 2.78%. Welltower’s payout ratio is 325.34%.
Several large investors have recently modified their holdings of WELL. Newbridge Financial Services Group Inc. raised its holdings in shares of Welltower by 148.3% in the 4th quarter. Newbridge Financial Services Group Inc. now owns 293 shares of the real estate investment trust’s stock valued at $25,000 after purchasing an additional 175 shares in the last quarter. Covestor Ltd grew its position in shares of Welltower by 97.4% in the 1st quarter. Covestor Ltd now owns 298 shares of the real estate investment trust’s stock worth $29,000 after buying an additional 147 shares during the last quarter. Zullo Investment Group Inc. purchased a new position in shares of Welltower in the 4th quarter worth approximately $30,000. FSB Premier Wealth Management Inc. purchased a new stake in Welltower during the 4th quarter worth approximately $36,000. Finally, Disciplined Investments LLC purchased a new stake in Welltower during the 1st quarter worth approximately $37,000. 93.79% of the stock is owned by institutional investors and hedge funds.
About Welltower (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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