Welltower Inc. (HCN) Expected to Announce Earnings of $1.05 Per Share

Equities analysts forecast that Welltower Inc. (NYSE:HCN) will post $1.05 earnings per share (EPS) for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for Welltower’s earnings. The lowest EPS estimate is $1.03 and the highest is $1.07. Welltower reported earnings of $1.15 per share in the same quarter last year, which suggests a negative year over year growth rate of 8.7%. The company is expected to issue its next quarterly earnings results on Tuesday, August 1st.

On average, analysts expect that Welltower will report full-year earnings of $4.21 per share for the current year, with EPS estimates ranging from $4.00 to $4.34. For the next fiscal year, analysts expect that the business will report earnings of $4.42 per share, with EPS estimates ranging from $4.35 to $4.54. Zacks’ EPS calculations are a mean average based on a survey of research firms that follow Welltower.

Welltower (NYSE:HCN) last announced its quarterly earnings data on Friday, May 5th. The real estate investment trust reported $1.05 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.05. The company had revenue of $1.06 billion for the quarter, compared to analysts’ expectations of $1.05 billion. Welltower had a net margin of 29.10% and a return on equity of 8.94%. Welltower’s revenue was up 1.4% compared to the same quarter last year. During the same period in the previous year, the company posted $0.42 EPS.

A number of equities research analysts have issued reports on HCN shares. Stifel Nicolaus raised their target price on Welltower from $69.00 to $70.00 and gave the company a “buy” rating in a research note on Thursday, February 23rd. Canaccord Genuity reissued a “buy” rating and set a $86.00 price target on shares of Welltower in a report on Monday, May 15th. BidaskClub raised Welltower from a “hold” rating to a “buy” rating in a report on Wednesday. Royal Bank Of Canada reissued a “hold” rating and set a $72.00 price target on shares of Welltower in a report on Wednesday, May 3rd. Finally, Zacks Investment Research raised Welltower from a “sell” rating to a “hold” rating in a report on Wednesday, March 29th. Four analysts have rated the stock with a sell rating, eight have issued a hold rating and eight have assigned a buy rating to the company. The company has an average rating of “Hold” and an average price target of $73.31.

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In other Welltower news, insider Paul D. Nungester, Jr. sold 6,452 shares of the firm’s stock in a transaction dated Tuesday, March 28th. The stock was sold at an average price of $70.26, for a total transaction of $453,317.52. Following the completion of the sale, the insider now directly owns 33,795 shares in the company, valued at approximately $2,374,436.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.19% of the company’s stock.

Large investors have recently made changes to their positions in the stock. Welch & Forbes LLC raised its stake in shares of Welltower by 0.5% in the first quarter. Welch & Forbes LLC now owns 3,070 shares of the real estate investment trust’s stock valued at $217,000 after buying an additional 15 shares in the last quarter. Smith Moore & CO. raised its stake in shares of Welltower by 0.5% in the first quarter. Smith Moore & CO. now owns 4,005 shares of the real estate investment trust’s stock valued at $284,000 after buying an additional 19 shares in the last quarter. Mackenzie Financial Corp raised its stake in shares of Welltower by 0.9% in the first quarter. Mackenzie Financial Corp now owns 4,469 shares of the real estate investment trust’s stock valued at $316,000 after buying an additional 38 shares in the last quarter. Cleararc Capital Inc. raised its stake in shares of Welltower by 0.5% in the first quarter. Cleararc Capital Inc. now owns 8,844 shares of the real estate investment trust’s stock valued at $626,000 after buying an additional 45 shares in the last quarter. Finally, Geneva Advisors LLC raised its stake in shares of Welltower by 1.7% in the first quarter. Geneva Advisors LLC now owns 3,169 shares of the real estate investment trust’s stock valued at $224,000 after buying an additional 52 shares in the last quarter. Institutional investors and hedge funds own 88.22% of the company’s stock.

Shares of Welltower (HCN) traded up 0.30% during trading on Friday, reaching $77.15. 1,762,946 shares of the company’s stock traded hands. The company has a 50 day moving average of $72.68 and a 200-day moving average of $69.25. Welltower has a 1-year low of $59.39 and a 1-year high of $80.19. The company has a market capitalization of $28.25 billion, a price-to-earnings ratio of 23.77 and a beta of 0.26.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, May 22nd. Shareholders of record on Tuesday, May 9th were given a dividend of $0.87 per share. The ex-dividend date of this dividend was Friday, May 5th. This represents a $3.48 dividend on an annualized basis and a yield of 4.51%. Welltower’s payout ratio is presently 107.41%.

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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