Jefferies Group Analysts Lower Earnings Estimates for Welltower Inc. (HCN)
Welltower Inc. (NYSE:HCN) – Research analysts at Jefferies Group lowered their Q4 2017 earnings estimates for Welltower in a research report issued to clients and investors on Monday. Jefferies Group analyst O. Okusanya now anticipates that the real estate investment trust will post earnings per share of $1.04 for the quarter, down from their prior forecast 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 analysts have also recently weighed in on the stock. Bank of America Corporation cut shares of Welltower to a “neutral” rating and cut their price target for the stock from $78.00 to $77.00 in a report on Friday, September 22nd. KeyCorp reiterated a “hold” rating on shares of Welltower in a research note on Tuesday, October 17th. BidaskClub cut shares of Welltower from a “hold” rating to a “sell” rating in a research note on Friday, July 28th. Royal Bank Of Canada reiterated a “hold” rating and issued a $74.00 target price on shares of Welltower in a research note on Wednesday, September 6th. Finally, Stifel Nicolaus lowered their price target on shares of Welltower from $75.00 to $74.00 and set a “buy” rating on the stock in a research report on Friday, November 3rd. Three research analysts have rated the stock with a sell rating, nine have issued a hold rating and six have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $72.71.
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Welltower (NYSE HCN) traded down $0.35 during trading on Tuesday, reaching $67.74. 2,358,800 shares of the company traded hands, compared to its average volume of 1,768,015. Welltower has a 1-year low of $61.08 and a 1-year high of $78.17. The stock has a market capitalization of $25,217.59, a PE ratio of 15.87, a PEG ratio of 4.59 and a beta of 0.24. The company has a current ratio of 1.76, a quick ratio of 1.76 and a debt-to-equity ratio of 0.79.
Welltower (NYSE:HCN) last released its quarterly earnings results on Tuesday, November 7th. The real estate investment trust reported $1.08 earnings per share for the quarter, topping the consensus estimate of $1.05 by $0.03. Welltower had a net margin of 22.67% and a return on equity of 7.45%. The business had revenue of $1.09 billion for the quarter, compared to analysts’ expectations of $1.06 billion. During the same period in the previous year, the company earned $1.16 earnings per share. The firm’s revenue for the quarter was up 1.1% compared to the same quarter last year.
The business also recently declared a quarterly dividend, which will be paid on Monday, November 20th. Stockholders of record on Tuesday, November 7th will be issued a dividend of $0.87 per share. This represents a $3.48 dividend on an annualized basis and a dividend yield of 5.14%. The ex-dividend date of this dividend is Monday, November 6th. Welltower’s payout ratio is presently 140.32%.
Hedge funds and other institutional investors have recently made changes to their positions in the company. Bessemer Group Inc. boosted its holdings in shares of Welltower by 97.6% during the 2nd quarter. Bessemer Group Inc. now owns 1,413 shares of the real estate investment trust’s stock valued at $106,000 after acquiring an additional 698 shares during the last quarter. Spectrum Management Group Inc. purchased a new stake in shares of Welltower during the 3rd quarter valued at about $100,000. Wealthcare Advisory Partners LLC purchased a new position in shares of Welltower in the third quarter worth approximately $101,000. San Francisco Sentry Investment Group CA boosted its holdings in shares of Welltower by 1,048.5% in the third quarter. San Francisco Sentry Investment Group CA now owns 1,539 shares of the real estate investment trust’s stock worth $108,000 after buying an additional 1,405 shares during the last quarter. Finally, Hudock Capital Group LLC boosted its holdings in shares of Welltower by 543.7% in the third quarter. Hudock Capital Group LLC now owns 2,002 shares of the real estate investment trust’s stock worth $140,000 after buying an additional 1,691 shares during the last quarter. 86.23% of the stock is currently owned by hedge funds and other institutional investors.
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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