Wall Street analysts expect Welltower Inc (NYSE:HCN) to report $1.08 billion in sales for the current quarter, Zacks Investment Research reports. Three analysts have made estimates for Welltower’s earnings, with the lowest sales estimate coming in at $1.05 billion and the highest estimate coming in at $1.10 billion. Welltower also posted sales of $1.08 billion in the same quarter last year. The company is scheduled to announce its next quarterly earnings report before the market opens on Thursday, February 22nd.
According to Zacks, analysts expect that Welltower will report full-year sales of $1.08 billion for the current year, with estimates ranging from $4.18 billion to $4.45 billion. For the next financial year, analysts anticipate that the company will post sales of $4.39 billion per share, with estimates ranging from $4.20 billion to $4.60 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that cover Welltower.
HCN has been the subject of a number of research reports. SunTrust Banks set a $66.00 price objective on Welltower and gave the stock a “hold” rating in a research report on Monday, January 22nd. TheStreet lowered Welltower from a “b-” rating to a “c+” rating in a research report on Thursday, February 8th. Stifel Nicolaus decreased their price objective on Welltower from $75.00 to $74.00 and set a “buy” rating for the company in a research report on Friday, November 3rd. Capital One Financial upgraded Welltower from an “equal weight” rating to an “overweight” rating in a research report on Wednesday, November 8th. Finally, Stephens set a $70.00 price objective on Welltower and gave the stock a “buy” rating in a research report on Friday, January 12th. Three investment analysts have rated the stock with a sell rating, ten have given a hold rating and five have given a buy rating to the stock. Welltower currently has an average rating of “Hold” and a consensus target price of $71.62.
Institutional investors and hedge funds have recently bought and sold shares of the company. Spectrum Management Group Inc. purchased a new stake in shares of Welltower during the 3rd quarter worth about $100,000. Wealthcare Advisory Partners LLC bought a new position in shares of Welltower in the 3rd quarter valued at approximately $101,000. San Francisco Sentry Investment Group CA raised its stake in shares of Welltower by 1,048.5% in the 3rd quarter. San Francisco Sentry Investment Group CA now owns 1,539 shares of the real estate investment trust’s stock valued at $108,000 after acquiring an additional 1,405 shares in the last quarter. SeaCrest Wealth Management LLC bought a new position in shares of Welltower in the 4th quarter valued at approximately $105,000. Finally, FTB Advisors Inc. raised its stake in shares of Welltower by 547.2% in the 4th quarter. FTB Advisors Inc. now owns 1,825 shares of the real estate investment trust’s stock valued at $116,000 after acquiring an additional 1,543 shares in the last quarter. 85.94% of the stock is owned by institutional investors.
Shares of Welltower (NYSE:HCN) opened at $55.79 on Tuesday. Welltower has a 1 year low of $53.00 and a 1 year high of $78.17. The company has a market capitalization of $20,662.21, a PE ratio of 22.50, a price-to-earnings-growth ratio of 3.91 and a beta of 0.17. 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 also recently declared a quarterly dividend, which will be paid on Wednesday, February 21st. Stockholders of record on Tuesday, February 13th will be paid a dividend of $0.87 per share. This represents a $3.48 dividend on an annualized basis and a dividend yield of 6.24%. The ex-dividend date is Monday, February 12th. Welltower’s dividend payout ratio (DPR) is presently 140.32%.
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Welltower Company Profile
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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