Welltower (HCN) Announces Quarterly Earnings Results, Misses Estimates By $0.02 EPS
Welltower (NYSE:HCN) posted its quarterly earnings data on Thursday. The real estate investment trust reported $1.02 EPS for the quarter, missing the consensus estimate of $1.04 by ($0.02), Bloomberg Earnings reports. Welltower had a net margin of 22.67% and a return on equity of 7.45%. The firm had revenue of $1.10 billion during the quarter, compared to analysts’ expectations of $1.09 billion. During the same quarter in the previous year, the company posted $0.91 EPS. Welltower’s revenue for the quarter was up 2.4% on a year-over-year basis. Welltower updated its FY18 guidance to $3.95-4.05 EPS.
Welltower (HCN) opened at $53.74 on Friday. The firm has a market cap of $19,995.56, a price-to-earnings ratio of 21.67, a PEG ratio of 3.80 and a beta of 0.15. Welltower has a 1-year low of $53.00 and a 1-year high of $78.17. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.76 and a quick ratio of 1.76.
The company also recently declared a quarterly dividend, which was paid on Wednesday, February 21st. Stockholders of record on Tuesday, February 13th were issued a $0.87 dividend. The ex-dividend date of this dividend was Monday, February 12th. This represents a $3.48 annualized dividend and a dividend yield of 6.48%. Welltower’s payout ratio is currently 140.32%.
Institutional investors have recently added to or reduced their stakes in the company. Spectrum Management Group Inc. bought a new position in shares of Welltower in the third quarter worth $100,000. Wealthcare Advisory Partners LLC bought a new position in shares of Welltower in the third quarter worth $101,000. SeaCrest Wealth Management LLC bought a new position in shares of Welltower in the fourth quarter worth $105,000. San Francisco Sentry Investment Group CA increased 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 purchasing an additional 1,405 shares during the period. Finally, FTB Advisors Inc. increased its holdings in shares of Welltower by 547.2% in the fourth quarter. FTB Advisors Inc. now owns 1,825 shares of the real estate investment trust’s stock worth $116,000 after purchasing an additional 1,543 shares during the period. 85.94% of the stock is currently owned by hedge funds and other institutional investors.
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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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