$1.17 Billion in Sales Expected for Welltower Inc (WELL) This Quarter

Wall Street analysts forecast that Welltower Inc (NYSE:WELL) will post $1.17 billion in sales for the current quarter, according to Zacks. Four analysts have provided estimates for Welltower’s earnings, with the lowest sales estimate coming in at $1.11 billion and the highest estimate coming in at $1.24 billion. Welltower reported sales of $1.09 billion in the same quarter last year, which would suggest a positive year over year growth rate of 7.3%. The business is expected to report its next earnings report on Tuesday, November 6th.

According to Zacks, analysts expect that Welltower will report full-year sales of $4.53 billion for the current financial year, with estimates ranging from $4.44 billion to $4.72 billion. For the next financial year, analysts expect that the business will post sales of $4.71 billion per share, with estimates ranging from $4.45 billion to $5.08 billion. Zacks’ sales averages are an average based on a survey of analysts that follow Welltower.

Welltower (NYSE:WELL) last posted its quarterly earnings data on Friday, July 27th. The real estate investment trust reported $0.41 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.99 by ($0.58). The firm had revenue of $1.13 billion for the quarter, compared to the consensus estimate of $1.10 billion. Welltower had a return on equity of 4.95% and a net margin of 13.64%. The company’s revenue was up 6.4% compared to the same quarter last year.

Several research analysts recently commented on the company. Morgan Stanley increased their price target on Welltower from $63.00 to $67.00 and gave the company an “overweight” rating in a research report on Thursday. Stifel Nicolaus set a $66.00 price target on Welltower and gave the company a “buy” rating in a research report on Monday, July 30th. Citigroup increased their price target on Welltower to $62.00 and gave the company a “positive” rating in a research report on Wednesday, June 27th. Stephens reissued a “buy” rating and set a $64.00 price target on shares of Welltower in a research report on Tuesday, July 31st. Finally, ValuEngine cut Welltower from a “hold” rating to a “sell” rating in a research report on Wednesday, May 2nd. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating and six have assigned a buy rating to the company’s stock. Welltower presently has an average rating of “Hold” and a consensus target price of $64.13.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Synovus Financial Corp acquired a new stake in shares of Welltower in the first quarter valued at approximately $107,000. Motco acquired a new stake in shares of Welltower in the first quarter valued at approximately $114,000. Smithfield Trust Co. acquired a new stake in shares of Welltower in the first quarter valued at approximately $115,000. Pittenger & Anderson Inc. acquired a new stake in shares of Welltower in the first quarter valued at approximately $118,000. Finally, Trust Co. of Vermont lifted its position in shares of Welltower by 76.5% in the second quarter. Trust Co. of Vermont now owns 2,189 shares of the real estate investment trust’s stock valued at $138,000 after buying an additional 949 shares during the last quarter. 84.29% of the stock is owned by institutional investors.

Shares of NYSE:WELL traded up $0.34 during mid-day trading on Friday, reaching $65.68. 1,949,100 shares of the stock were exchanged, compared to its average volume of 2,459,600. Welltower has a one year low of $49.58 and a one year high of $75.58. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.77 and a current ratio of 1.77. The company has a market cap of $23.49 billion, a PE ratio of 15.60, a PEG ratio of 2.58 and a beta of 0.26.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 21st. Stockholders of record on Tuesday, August 7th will be given a $0.87 dividend. The ex-dividend date of this dividend is Monday, August 6th. This represents a $3.48 dividend on an annualized basis and a dividend yield of 5.30%. Welltower’s payout ratio is 82.66%.

Welltower Company Profile

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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