Welltower Inc (NYSE:WELL) – Equities research analysts at Jefferies Financial Group increased their Q1 2020 earnings per share estimates for shares of Welltower in a research note issued on Monday, July 15th. Jefferies Financial Group analyst O. Okusanya now forecasts that the real estate investment trust will post earnings of $1.06 per share for the quarter, up from their previous forecast of $1.05.
Other equities analysts have also recently issued reports about the stock. Scotiabank set a $80.00 target price on shares of Welltower and gave the company a “hold” rating in a research note on Friday, June 14th. Morgan Stanley set a $111.00 target price on shares of Procter & Gamble and gave the company a “buy” rating in a research note on Thursday, March 28th. Deutsche Bank raised their target price on shares of Welltower from $61.00 to $71.00 and gave the company a “hold” rating in a research note on Friday, March 29th. BMO Capital Markets cut their target price on shares of AKITA Drilling from C$5.00 to C$3.50 in a research note on Tuesday, May 7th. Finally, Raymond James assumed coverage on shares of Adverum Biotechnologies in a research note on Thursday, June 13th. They set a “market perform” rating for the company. Seven research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The company has an average rating of “Buy” and an average price target of $74.79.
Welltower (NYSE:WELL) last announced its quarterly earnings data on Tuesday, April 30th. The real estate investment trust reported $1.02 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $1.02. The firm had revenue of $1.27 billion during the quarter, compared to analysts’ expectations of $1.24 billion. Welltower had a net margin of 13.06% and a return on equity of 4.97%. The company’s revenue for the quarter was up 16.0% compared to the same quarter last year. During the same period in the prior year, the company posted $0.99 earnings per share.
Several institutional investors have recently added to or reduced their stakes in WELL. Orrstown Financial Services Inc. purchased a new position in Welltower in the 1st quarter worth about $25,000. Clarfeld Financial Advisors LLC purchased a new position in Welltower in the 4th quarter worth about $27,000. Ellis Investment Partners LLC purchased a new position in Welltower in the 1st quarter worth about $27,000. Citizens Financial Group Inc RI purchased a new position in Welltower in the 1st quarter worth about $30,000. Finally, Massey Quick Simon & CO. LLC purchased a new position in Welltower in the 1st quarter worth about $31,000. Hedge funds and other institutional investors own 86.98% of the company’s stock.
In other Welltower news, CEO Thomas J. Derosa sold 19,307 shares of the stock in a transaction on Tuesday, May 14th. The shares were sold at an average price of $77.90, for a total transaction of $1,504,015.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.15% of the stock is owned by company insiders.
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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