$1.22 Billion in Sales Expected for Welltower Inc (WELL) This Quarter

Equities analysts expect Welltower Inc (NYSE:WELL) to report sales of $1.22 billion for the current quarter, Zacks Investment Research reports. Five analysts have issued estimates for Welltower’s earnings, with the highest sales estimate coming in at $1.29 billion and the lowest estimate coming in at $1.14 billion. Welltower reported sales of $1.10 billion in the same quarter last year, which would indicate a positive year over year growth rate of 10.9%. The company is expected to report its next earnings results on Thursday, February 28th.

On average, analysts expect that Welltower will report full year sales of $4.63 billion for the current fiscal year, with estimates ranging from $4.44 billion to $4.91 billion. For the next fiscal year, analysts forecast that the company will post sales of $4.92 billion, with estimates ranging from $4.45 billion to $5.26 billion. Zacks’ sales averages are a mean average based on a survey of research analysts that cover Welltower.

Welltower (NYSE:WELL) last posted its quarterly earnings data on Tuesday, October 30th. The real estate investment trust reported $0.17 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.02 by ($0.85). Welltower had a net margin of 12.99% and a return on equity of 4.86%. The company had revenue of $1.24 billion for the quarter, compared to analysts’ expectations of $1.16 billion. During the same period in the previous year, the firm earned $1.08 earnings per share. The firm’s quarterly revenue was up 13.3% on a year-over-year basis.

WELL has been the topic of a number of analyst reports. BMO Capital Markets reaffirmed a “hold” rating and set a $58.00 price objective on shares of Welltower in a research report on Monday, July 30th. SunTrust Banks set a $64.00 target price on Welltower and gave the company a “hold” rating in a research note on Monday, July 30th. Stifel Nicolaus set a $66.00 target price on Welltower and gave the company a “buy” rating in a research note on Monday, July 30th. Stephens reissued a “buy” rating and set a $64.00 target price on shares of Welltower in a research note on Tuesday, July 31st. Finally, Royal Bank of Canada set a $63.00 target price on Welltower and gave the company a “hold” rating in a research note on Tuesday, July 31st. Ten investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Welltower presently has a consensus rating of “Hold” and an average target price of $64.21.

Large investors have recently added to or reduced their stakes in the business. Hartford Financial Management Inc. bought a new stake in Welltower in the 3rd quarter worth approximately $103,000. Hudock Capital Group LLC bought a new stake in Welltower in the 3rd quarter worth approximately $107,000. River Wealth Advisors LLC bought a new stake in Welltower in the 3rd quarter worth approximately $108,000. Bessemer Group Inc. bought a new stake in Welltower in the 3rd quarter worth approximately $119,000. Finally, Synovus Financial Corp bought a new stake in Welltower in the 3rd quarter worth approximately $120,000. 85.26% of the stock is currently owned by institutional investors and hedge funds.

Shares of WELL stock traded down $0.61 during trading hours on Monday, reaching $69.49. 1,430,923 shares of the company traded hands, compared to its average volume of 2,344,177. Welltower has a 12-month low of $49.58 and a 12-month high of $70.44. The company has a quick ratio of 1.54, a current ratio of 1.54 and a debt-to-equity ratio of 0.93. The stock has a market cap of $26.25 billion, a P/E ratio of 16.51, a PEG ratio of 2.93 and a beta of 0.17.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 21st. Investors of record on Monday, November 12th will be paid a dividend of $0.87 per share. This represents a $3.48 annualized dividend and a yield of 5.01%. The ex-dividend date is Friday, November 9th. Welltower’s dividend payout ratio (DPR) is presently 82.66%.

About Welltower

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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