Wall Street brokerages forecast that Welltower Inc (NYSE:WELL) will announce earnings per share (EPS) of $1.04 for the current quarter, Zacks reports. Three analysts have made estimates for Welltower’s earnings. The lowest EPS estimate is $1.03 and the highest is $1.07. Welltower reported earnings of $1.01 per share during the same quarter last year, which would indicate a positive year over year growth rate of 3%. The firm is expected to announce its next earnings results after the market closes on Wednesday, February 12th.
According to Zacks, analysts expect that Welltower will report full-year earnings of $4.16 per share for the current year, with EPS estimates ranging from $4.14 to $4.18. For the next fiscal year, analysts anticipate that the company will post earnings of $4.30 per share, with EPS estimates ranging from $4.20 to $4.42. Zacks Investment Research’s earnings per share averages are an average based on a survey of analysts that follow Welltower.
WELL has been the topic of several recent analyst reports. Raymond James cut Welltower to a “market weight” rating in a report on Tuesday, January 7th. Mizuho initiated coverage on Welltower in a report on Thursday, December 19th. They set a “buy” rating and a $92.00 target price on the stock. Barclays cut Welltower from an “overweight” rating to an “equal weight” rating and boosted their target price for the stock from $88.00 to $93.00 in a report on Tuesday, October 1st. They noted that the move was a valuation call. Deutsche Bank raised Welltower from a “hold” rating to a “buy” rating in a report on Monday, January 6th. Finally, Morgan Stanley dropped their target price on Welltower from $95.00 to $90.00 and set an “overweight” rating on the stock in a report on Wednesday, December 18th. Eight investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Welltower presently has an average rating of “Hold” and a consensus target price of $84.10.
NYSE:WELL traded down $0.29 during midday trading on Friday, hitting $86.95. 1,475,576 shares of the stock were exchanged, compared to its average volume of 1,724,634. Welltower has a one year low of $71.18 and a one year high of $93.17. The company has a market capitalization of $35.35 billion, a price-to-earnings ratio of 31.39, a P/E/G ratio of 5.28 and a beta of 0.14. The business has a 50-day moving average price of $82.23 and a two-hundred day moving average price of $86.07. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 0.84.
Hedge funds and other institutional investors have recently bought and sold shares of the business. Strategic Blueprint LLC bought a new position in shares of Welltower in the third quarter valued at $27,000. Kings Point Capital Management bought a new position in shares of Welltower in the second quarter valued at $28,000. Quest Capital Management Inc. ADV bought a new position in shares of Welltower in the third quarter valued at $30,000. Venturi Wealth Management LLC bought a new position in shares of Welltower in the third quarter valued at $37,000. Finally, D Orazio & Associates Inc. bought a new position in shares of Welltower in the third quarter valued at $37,000. 88.90% of the stock is currently owned by institutional investors.
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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