Welltower Inc (WELL) Expected to Post Quarterly Sales of $1.24 Billion

Analysts expect Welltower Inc (NYSE:WELL) to announce $1.24 billion in sales for the current quarter, Zacks reports. Five analysts have made estimates for Welltower’s earnings, with the highest sales estimate coming in at $1.29 billion and the lowest estimate coming in at $1.20 billion. Welltower posted sales of $1.10 billion during the same quarter last year, which would indicate a positive year over year growth rate of 12.7%. The business is expected to report its next quarterly earnings results on Thursday, April 25th.

According to Zacks, analysts expect that Welltower will report full year sales of $5.02 billion for the current fiscal year, with estimates ranging from $4.86 billion to $5.23 billion. For the next year, analysts forecast that the company will post sales of $5.16 billion, with estimates ranging from $4.96 billion to $5.39 billion. Zacks’ sales calculations are a mean average based on a survey of research firms that that provide coverage for Welltower.

Welltower (NYSE:WELL) last released its earnings results on Tuesday, February 12th. The real estate investment trust reported $1.01 EPS for the quarter, missing the Zacks’ consensus estimate of $1.03 by ($0.02). The firm had revenue of $1.24 billion during the quarter, compared to analysts’ expectations of $1.26 billion. Welltower had a net margin of 17.14% and a return on equity of 6.28%. The business’s revenue was up 12.4% on a year-over-year basis.

A number of research analysts have recently commented on the company. Deutsche Bank raised their target price on Welltower from $61.00 to $71.00 and gave the company a “hold” rating in a research note on Friday. Morgan Stanley raised their target price on Welltower from $77.00 to $83.00 and gave the company an “overweight” rating in a research note on Thursday. Raymond James raised their target price on Welltower from $75.00 to $78.00 and gave the company an “outperform” rating in a research note on Tuesday, February 26th. They noted that the move was a valuation call. Royal Bank of Canada raised their target price on Welltower to $76.00 and gave the company a “sector perform” rating in a research note on Thursday, February 21st. Finally, Citigroup raised their target price on Welltower from $71.00 to $75.00 and gave the company a “neutral” rating in a research note on Thursday, February 14th. Ten analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $71.29.

WELL opened at $77.60 on Friday. The company has a market capitalization of $31.01 billion, a PE ratio of 19.26, a PEG ratio of 3.31 and a beta of 0.46. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.64 and a quick ratio of 1.64. Welltower has a 52 week low of $49.58 and a 52 week high of $79.41.

The company also recently declared a quarterly dividend, which was paid on Thursday, February 28th. Investors of record on Friday, February 22nd were issued a $0.87 dividend. The ex-dividend date was Thursday, February 21st. This represents a $3.48 dividend on an annualized basis and a dividend yield of 4.48%. Welltower’s payout ratio is 86.35%.

In other news, EVP Mercedes Kerr sold 5,000 shares of the stock in a transaction on Thursday, February 28th. The stock was sold at an average price of $74.50, for a total transaction of $372,500.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.17% of the stock is owned by corporate insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in WELL. Liberty Wealth Management LLC acquired a new stake in shares of Welltower during the 4th quarter valued at about $146,000. Pinnacle Bank purchased a new position in Welltower in the 4th quarter valued at about $53,000. American Century Companies Inc. lifted its stake in Welltower by 23.2% in the 4th quarter. American Century Companies Inc. now owns 1,186,682 shares of the real estate investment trust’s stock worth $82,368,000 after purchasing an additional 223,681 shares in the last quarter. Norges Bank purchased a new position in Welltower in the 4th quarter worth approximately $248,512,000. Finally, Actinver Wealth Management Inc. purchased a new position in Welltower in the 4th quarter worth approximately $232,000. 87.70% of the stock is currently owned by institutional investors.

Welltower Company Profile

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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Earnings History and Estimates for Welltower (NYSE:WELL)

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