FY2018 EPS Estimates for Welltower Inc (WELL) Reduced by Analyst
Welltower Inc (NYSE:WELL) – Analysts at Mitsubishi UFJ Financial Group dropped their FY2018 earnings per share estimates for shares of Welltower in a research note issued to investors on Wednesday, February 6th. Mitsubishi UFJ Financial Group analyst K. Ford now forecasts that the real estate investment trust will post earnings per share of $4.04 for the year, down from their prior estimate of $4.06. Mitsubishi UFJ Financial Group also issued estimates for Welltower’s Q1 2019 earnings at $1.03 EPS, Q2 2019 earnings at $1.04 EPS, Q3 2019 earnings at $1.07 EPS, Q4 2019 earnings at $1.07 EPS, FY2019 earnings at $4.21 EPS, Q2 2020 earnings at $1.09 EPS, Q4 2020 earnings at $1.12 EPS and FY2020 earnings at $4.42 EPS.
Several other research analysts have also recently weighed in on WELL. ValuEngine raised Welltower from a “hold” rating to a “buy” rating in a research report on Wednesday, October 31st. upped their price objective on Welltower to $72.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 31st. SunTrust Banks upped their price objective on Welltower to $72.00 and gave the stock a “hold” rating in a research report on Wednesday, October 31st. Scotiabank assumed coverage on Welltower in a research report on Monday, December 10th. They set a “sector perform” rating and a $74.00 price target for the company. Finally, JPMorgan Chase & Co. raised Welltower from a “neutral” rating to an “overweight” rating in a research report on Wednesday, December 19th. Nine analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $65.71.
Large investors have recently added to or reduced their stakes in the business. JNBA Financial Advisors bought a new stake in Welltower in the fourth quarter valued at approximately $28,000. Portfolio Solutions LLC bought a new stake in Welltower in the fourth quarter valued at approximately $34,000. Hirtle Callaghan & Co LLC bought a new stake in Welltower in the fourth quarter valued at approximately $66,000. Lenox Wealth Management Inc. raised its stake in Welltower by 1,272.9% in the fourth quarter. Lenox Wealth Management Inc. now owns 1,167 shares of the real estate investment trust’s stock valued at $63,000 after buying an additional 1,082 shares during the period. Finally, Country Trust Bank bought a new stake in Welltower in the fourth quarter valued at approximately $90,000. Hedge funds and other institutional investors own 89.28% of the company’s stock.
In related news, EVP Mercedes Kerr sold 4,342 shares of the stock in a transaction that occurred on Tuesday, December 11th. The stock was sold at an average price of $73.17, for a total transaction of $317,704.14. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.17% of the company’s stock.
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.
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