Welltower Inc. (NYSE:HCN) – Analysts at Jefferies Group reduced their Q4 2017 earnings estimates for shares of Welltower in a research report issued to clients and investors on Monday. Jefferies Group analyst O. Okusanya now expects that the real estate investment trust will post earnings per share of $1.04 for the quarter, down from their prior estimate of $1.07. Jefferies Group has a “Hold” rating and a $72.00 price objective on the stock. Jefferies Group also issued estimates for Welltower’s FY2018 earnings at $4.36 EPS.
Several other research firms have also commented on HCN. Stifel Nicolaus lowered their price objective on Welltower from $75.00 to $74.00 and set a “buy” rating on the stock in a research report on Friday, November 3rd. Capital One Financial Corporation upgraded Welltower from an “equal weight” rating to an “overweight” rating in a research report on Wednesday, November 8th. KeyCorp reiterated a “hold” rating on shares of Welltower in a research report on Tuesday, October 17th. Royal Bank Of Canada reiterated a “hold” rating and set a $74.00 target price on shares of Welltower in a research report on Tuesday, October 10th. Finally, UBS AG decreased their target price on Welltower from $71.00 to $69.00 and set a “neutral” rating on the stock in a research report on Monday, October 2nd. Three research analysts have rated the stock with a sell rating, nine have issued a hold rating and six have given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $72.71.
Shares of Welltower (HCN) opened at $68.32 on Tuesday. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.76 and a quick ratio of 1.76. Welltower has a 52-week low of $60.62 and a 52-week high of $78.17. The company has a market capitalization of $25,228.71, a P/E ratio of 15.88, a price-to-earnings-growth ratio of 4.38 and a beta of 0.24.
Welltower (NYSE:HCN) last issued its earnings results on Tuesday, November 7th. The real estate investment trust reported $1.08 EPS for the quarter, beating the Zacks’ consensus estimate of $1.05 by $0.03. The firm had revenue of $1.09 billion for the quarter, compared to analyst estimates of $1.06 billion. Welltower had a return on equity of 7.45% and a net margin of 22.67%. Welltower’s revenue for the quarter was up 1.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.16 earnings per share.
Several hedge funds and other institutional investors have recently modified their holdings of HCN. PGGM Investments raised its position in shares of Welltower by 112.9% during the 3rd quarter. PGGM Investments now owns 4,768,912 shares of the real estate investment trust’s stock worth $335,159,000 after acquiring an additional 2,529,412 shares in the last quarter. Uniplan Investment Counsel Inc. raised its position in shares of Welltower by 311.2% during the 2nd quarter. Uniplan Investment Counsel Inc. now owns 2,883,118 shares of the real estate investment trust’s stock worth $53,217,000 after acquiring an additional 2,181,913 shares in the last quarter. Standard Life Investments LTD raised its position in shares of Welltower by 84.5% during the 2nd quarter. Standard Life Investments LTD now owns 2,279,176 shares of the real estate investment trust’s stock worth $170,517,000 after acquiring an additional 1,043,676 shares in the last quarter. Bank of New York Mellon Corp raised its position in shares of Welltower by 11.3% during the 3rd quarter. Bank of New York Mellon Corp now owns 7,592,729 shares of the real estate investment trust’s stock worth $533,618,000 after acquiring an additional 768,861 shares in the last quarter. Finally, Cbre Clarion Securities LLC raised its position in shares of Welltower by 8.3% during the 2nd quarter. Cbre Clarion Securities LLC now owns 6,401,420 shares of the real estate investment trust’s stock worth $479,146,000 after acquiring an additional 492,882 shares in the last quarter. 86.23% of the stock is currently owned by institutional investors and hedge funds.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 20th. Stockholders of record on Tuesday, November 7th will be paid a $0.87 dividend. This represents a $3.48 annualized dividend and a dividend yield of 5.09%. The ex-dividend date of this dividend is Monday, November 6th. Welltower’s payout ratio is presently 140.32%.
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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