Zacks: Brokerages Anticipate Welltower Inc (NYSE:WELL) to Post $1.06 Earnings Per Share

Wall Street brokerages predict that Welltower Inc (NYSE:WELL) will report $1.06 earnings per share (EPS) for the current fiscal quarter, Zacks reports. Three analysts have provided estimates for Welltower’s earnings, with the lowest EPS estimate coming in at $1.03 and the highest estimate coming in at $1.07. Welltower reported earnings per share of $1.01 in the same quarter last year, which would suggest a positive year over year growth rate of 5%. The business is scheduled to report its next quarterly earnings results on Tuesday, February 11th.

On average, analysts expect that Welltower will report full year earnings of $4.16 per share for the current year, with EPS estimates ranging from $4.02 to $4.18. For the next year, analysts forecast that the firm will post earnings of $4.34 per share, with EPS estimates ranging from $4.22 to $4.42. Zacks’ earnings per share calculations are an average based on a survey of research analysts that that provide coverage for Welltower.

Several brokerages have recently weighed in on WELL. Morgan Stanley increased their price target on Welltower from $91.00 to $95.00 and gave the company an “overweight” rating in a research note on Tuesday, September 17th. ValuEngine lowered Welltower from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. Wood & Company reaffirmed an “average” rating on shares of Welltower in a research note on Thursday, August 22nd. Barclays cut Welltower from an “overweight” rating to an “equal weight” rating and upped their target price for the company from $88.00 to $93.00 in a report on Tuesday, October 1st. They noted that the move was a valuation call. Finally, Stifel Nicolaus increased their target price on shares of Welltower from $87.00 to $93.00 and gave the company a “buy” rating in a research report on Tuesday, September 3rd. Eight equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Welltower currently has a consensus rating of “Hold” and an average price target of $82.66.

WELL traded down $0.05 during midday trading on Wednesday, hitting $83.88. 498,453 shares of the company were exchanged, compared to its average volume of 2,091,724. The firm has a market capitalization of $34.27 billion, a P/E ratio of 20.81, a P/E/G ratio of 4.43 and a beta of 0.15. Welltower has a 1-year low of $65.94 and a 1-year high of $93.17. The firm’s 50 day moving average price is $86.74 and its 200-day moving average price is $86.01. The company has a quick ratio of 1.85, a current ratio of 1.85 and a debt-to-equity ratio of 0.84.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, November 21st. Stockholders of record on Wednesday, November 13th were paid a $0.87 dividend. This represents a $3.48 dividend on an annualized basis and a dividend yield of 4.15%. The ex-dividend date was Tuesday, November 12th. Welltower’s dividend payout ratio is 86.35%.

Several large investors have recently added to or reduced their stakes in WELL. Worldquant Millennium Advisors LLC lifted its position in Welltower by 5.7% during the third quarter. Worldquant Millennium Advisors LLC now owns 8,667 shares of the real estate investment trust’s stock valued at $785,000 after acquiring an additional 471 shares during the last quarter. Vectors Research Management LLC boosted its stake in Welltower by 9.7% in the third quarter. Vectors Research Management LLC now owns 9,727 shares of the real estate investment trust’s stock valued at $882,000 after buying an additional 861 shares in the last quarter. IHT Wealth Management LLC grew its position in Welltower by 35.8% in the third quarter. IHT Wealth Management LLC now owns 9,352 shares of the real estate investment trust’s stock valued at $838,000 after acquiring an additional 2,464 shares during the last quarter. National Pension Service raised its stake in Welltower by 4.7% during the third quarter. National Pension Service now owns 528,797 shares of the real estate investment trust’s stock worth $47,935,000 after acquiring an additional 23,760 shares in the last quarter. Finally, Colonial Trust Advisors raised its stake in Welltower by 7.4% during the third quarter. Colonial Trust Advisors now owns 3,650 shares of the real estate investment trust’s stock worth $331,000 after acquiring an additional 250 shares in the last quarter. Institutional investors own 89.48% of the company’s stock.

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.

Featured Story: Technical Analysis

Get a free copy of the Zacks research report on Welltower (WELL)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Welltower (NYSE:WELL)

Receive News & Ratings for Welltower Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Welltower and related companies with MarketBeat.com's FREE daily email newsletter.