Equities Analysts Offer Predictions for Welltower Inc.’s FY2017 Earnings (HCN)

Equities Analysts Offer Predictions for Welltower Inc.’s FY2017 Earnings (HCN)

Welltower Inc. (NYSE:HCN) – Stock analysts at Jefferies Group dropped their FY2017 EPS estimates for Welltower in a research report issued on Monday. Jefferies Group analyst O. Okusanya now forecasts that the brokerage will post earnings per share of $4.31 for the year, down from their previous estimate of $4.50.

Welltower (NYSE:HCN) last posted its earnings results on Wednesday, November 2nd. The real estate investment trust reported $1.16 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.15 by $0.01. The company earned $1.08 billion during the quarter, compared to the consensus estimate of $1.05 billion. Welltower had a net margin of 20.74% and a return on equity of 6.37%. The company’s revenue for the quarter was up 10.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.12 earnings per share.

A number of other brokerages also recently weighed in on HCN. Wells Fargo & Company downgraded shares of Welltower from an “outperform” rating to a “market perform” rating in a research report on Tuesday, December 13th. SunTrust Banks, Inc. downgraded shares of Welltower from a “buy” rating to a “hold” rating and cut their price target for the company from $80.00 to $72.00 in a research report on Thursday, January 19th. Barclays PLC reiterated a “buy” rating and issued a $73.00 price target on shares of Welltower in a research report on Monday, January 9th. Zacks Investment Research downgraded shares of Welltower from a “hold” rating to a “sell” rating in a research report on Wednesday, December 21st. Finally, Mizuho cut their price target on shares of Welltower from $75.00 to $71.00 and set a “buy” rating on the stock in a research report on Thursday, November 3rd. Two investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and six have assigned a buy rating to the company’s stock. Welltower has an average rating of “Hold” and an average price target of $72.94.

Welltower (NYSE:HCN) traded down 0.32% during mid-day trading on Wednesday, reaching $65.93. 723,506 shares of the company’s stock traded hands. The firm has a 50-day moving average price of $66.35 and a 200-day moving average price of $70.74. Welltower has a 1-year low of $52.80 and a 1-year high of $80.19. The stock has a market cap of $23.90 billion, a P/E ratio of 29.08 and a beta of 0.21.

A number of large investors have recently made changes to their positions in the stock. Gamble Jones Investment Counsel increased its stake in shares of Welltower by 0.3% in the third quarter. Gamble Jones Investment Counsel now owns 2,891 shares of the real estate investment trust’s stock valued at $216,000 after buying an additional 10 shares in the last quarter. Brighton Jones LLC increased its stake in shares of Welltower by 0.4% in the third quarter. Brighton Jones LLC now owns 4,486 shares of the real estate investment trust’s stock valued at $335,000 after buying an additional 19 shares in the last quarter. DF Dent & Co. Inc. increased its stake in shares of Welltower by 0.4% in the third quarter. DF Dent & Co. Inc. now owns 5,046 shares of the real estate investment trust’s stock valued at $377,000 after buying an additional 20 shares in the last quarter. Bronfman E.L. Rothschild L.P. increased its stake in shares of Welltower by 0.6% in the third quarter. Bronfman E.L. Rothschild L.P. now owns 3,895 shares of the real estate investment trust’s stock valued at $291,000 after buying an additional 22 shares in the last quarter. Finally, Municipal Employees Retirement System of Michigan increased its stake in shares of Welltower by 0.3% in the third quarter. Municipal Employees Retirement System of Michigan now owns 11,290 shares of the real estate investment trust’s stock valued at $844,000 after buying an additional 30 shares in the last quarter. 85.64% of the stock is owned by institutional investors and hedge funds.

In other Welltower news, Director Timothy J. Naughton purchased 2,000 shares of the business’s stock in a transaction on Thursday, November 10th. The stock was acquired at an average price of $60.69 per share, with a total value of $121,380.00. Following the acquisition, the director now directly owns 9,158 shares of the company’s stock, valued at approximately $555,799.02. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 0.29% of the company’s stock.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, February 21st. Shareholders of record on Tuesday, February 7th will be issued a dividend of $0.87 per share. This is an increase from Welltower’s previous quarterly dividend of $0.86. This represents a $3.48 annualized dividend and a yield of 5.26%. Welltower’s dividend payout ratio (DPR) is currently 152.21%.

Welltower Company Profile

Welltower Inc, formerly Health Care REIT, Inc, is a provider of healthcare infrastructure. The Company operates through three segments: triple-net, which includes independent living facilities, independent supportive living facilities (Canada), continuing care retirement communities, assisted living facilities, care homes with and without nursing (United Kingdom), Alzheimer’s/dementia care facilities, long-term/post-acute care facilities and hospitals; seniors housing operating, which includes a range of facility types, including independent living facilities and independent supportive living facilities, assisted living facilities, care homes and Alzheimer’s/dementia care facilities, and outpatient medical, which includes outpatient medical buildings.

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