Jefferies Financial Group Research Analysts Lift Earnings Estimates for Welltower Inc (WELL)

Welltower Inc (NYSE:WELL) – Equities research analysts at Jefferies Financial Group upped their Q3 2020 earnings estimates for Welltower in a report released on Wednesday, April 10th, Zacks Investment Research reports. Jefferies Financial Group analyst O. Okusanya now expects that the real estate investment trust will post earnings per share of $1.11 for the quarter, up from their previous estimate of $1.10. Jefferies Financial Group also issued estimates for Welltower’s Q4 2020 earnings at $1.13 EPS and FY2020 earnings at $4.40 EPS.

Welltower (NYSE:WELL) last posted its quarterly earnings results on Tuesday, April 30th. The real estate investment trust reported $1.02 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $1.02. The firm had revenue of $1.27 billion during the quarter, compared to the consensus estimate of $1.24 billion. Welltower had a return on equity of 4.97% and a net margin of 13.06%. The business’s revenue was up 16.0% compared to the same quarter last year. During the same period last year, the company earned $0.99 earnings per share.

WELL has been the subject of a number of other reports. Morgan Stanley raised their price target on Welltower from $77.00 to $83.00 and gave the company an “overweight” rating in a research note on Thursday, March 28th. Royal Bank of Canada lifted their target price on Welltower to $76.00 and gave the stock a “sector perform” rating in a research note on Thursday, February 21st. Citigroup lifted their target price on Welltower from $71.00 to $75.00 and gave the stock a “neutral” rating in a research note on Thursday, February 14th. Deutsche Bank lifted their target price on Welltower from $61.00 to $71.00 and gave the stock a “hold” rating in a research note on Friday, March 29th. Finally, Mitsubishi UFJ Financial Group lifted their target price on Welltower to $82.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 13th. Nine research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $72.36.

WELL stock traded up $1.10 during mid-day trading on Friday, reaching $76.45. The company had a trading volume of 1,049,103 shares, compared to its average volume of 2,193,140. The company has a quick ratio of 1.64, a current ratio of 1.84 and a debt-to-equity ratio of 0.79. The company has a market cap of $30.96 billion, a price-to-earnings ratio of 18.97, a P/E/G ratio of 3.15 and a beta of 0.43. Welltower has a 52 week low of $53.53 and a 52 week high of $79.41.

A number of large investors have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. acquired a new position in Welltower in the 3rd quarter valued at $176,871,000. Bank of New York Mellon Corp acquired a new position in Welltower in the 3rd quarter valued at $405,367,000. Panagora Asset Management Inc. acquired a new position in Welltower in the 3rd quarter valued at $703,000. Virtu Financial LLC acquired a new position in Welltower in the 3rd quarter valued at $319,000. Finally, Mirae Asset Global Investments Co. Ltd. acquired a new position in Welltower in the 3rd quarter valued at $1,314,000. 84.86% of the stock is owned by institutional investors and hedge funds.

In related news, EVP Mercedes Kerr sold 5,000 shares of Welltower stock in a transaction that occurred on Thursday, February 28th. The stock was sold at an average price of $74.50, for a total transaction of $372,500.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.15% of the company’s stock.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, May 28th. Investors of record on Tuesday, May 14th will be issued a dividend of $0.87 per share. The ex-dividend date of this dividend is Monday, May 13th. This represents a $3.48 annualized dividend and a yield of 4.55%. Welltower’s payout ratio is currently 86.35%.

About Welltower

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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