Welltower Inc (NYSE:WELL) – Equities research analysts at KeyCorp dropped their FY2020 earnings per share estimates for shares of Welltower in a research note issued on Wednesday, July 8th. KeyCorp analyst J. Sadler now anticipates that the real estate investment trust will post earnings of $3.10 per share for the year, down from their prior forecast of $3.14.
Welltower (NYSE:WELL) last posted its earnings results on Wednesday, May 6th. The real estate investment trust reported $1.02 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.01 by $0.01. The firm had revenue of $1.26 billion during the quarter, compared to the consensus estimate of $1.28 billion. Welltower had a net margin of 24.71% and a return on equity of 8.51%. The firm’s revenue for the quarter was down 1.1% on a year-over-year basis. During the same period last year, the firm posted $0.71 EPS.
Several other research analysts also recently weighed in on WELL. Deutsche Bank cut their target price on shares of Welltower from $61.00 to $60.00 and set a “buy” rating for the company in a research note on Friday. Canaccord Genuity raised shares of Welltower to a “speculative buy” rating in a research note on Monday, June 15th. Mizuho dropped their price objective on Welltower from $92.00 to $51.00 and set a “buy” rating for the company in a report on Tuesday, April 21st. Edward Jones cut Welltower from a “buy” rating to a “hold” rating in a report on Thursday, May 7th. Finally, Raymond James lowered Welltower from a “strong-buy” rating to an “outperform” rating and dropped their price target for the stock from $65.00 to $58.00 in a research note on Wednesday, April 29th. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating and seven have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $61.23.
Shares of NYSE:WELL opened at $50.55 on Friday. The company has a debt-to-equity ratio of 0.82, a quick ratio of 2.00 and a current ratio of 2.00. Welltower has a one year low of $24.27 and a one year high of $93.17. The business’s fifty day moving average price is $53.09 and its two-hundred day moving average price is $62.59. The stock has a market cap of $20.47 billion, a PE ratio of 16.36, a price-to-earnings-growth ratio of 6.05 and a beta of 0.84.
Several large investors have recently added to or reduced their stakes in WELL. Cohen & Steers Inc. increased its holdings in Welltower by 47.3% during the 1st quarter. Cohen & Steers Inc. now owns 34,431,102 shares of the real estate investment trust’s stock worth $1,576,256,000 after purchasing an additional 11,052,984 shares during the last quarter. Norges Bank acquired a new stake in Welltower in the fourth quarter valued at $323,527,000. Sumitomo Mitsui Trust Holdings Inc. boosted its stake in Welltower by 104.4% during the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 4,708,679 shares of the real estate investment trust’s stock valued at $215,563,000 after acquiring an additional 2,404,538 shares during the last quarter. UBS Group AG grew its holdings in Welltower by 342.9% during the 1st quarter. UBS Group AG now owns 1,873,429 shares of the real estate investment trust’s stock worth $85,766,000 after acquiring an additional 1,450,477 shares in the last quarter. Finally, Cullen Capital Management LLC increased its position in shares of Welltower by 189.1% in the 1st quarter. Cullen Capital Management LLC now owns 2,129,793 shares of the real estate investment trust’s stock worth $97,502,000 after purchasing an additional 1,392,983 shares during the last quarter. Institutional investors and hedge funds own 88.35% of the company’s stock.
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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