Analysts Expect Welltower Inc (WELL) Will Announce Quarterly Sales of $1.16 Billion

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Equities analysts expect Welltower Inc (NYSE:WELL) to post $1.16 billion in sales for the current quarter, according to Zacks Investment Research. Four analysts have provided estimates for Welltower’s earnings. The lowest sales estimate is $1.11 billion and the highest is $1.24 billion. Welltower reported sales of $1.09 billion in the same quarter last year, which indicates a positive year-over-year growth rate of 6.4%. The company is expected to announce its next quarterly earnings report before the market opens on Tuesday, October 30th.

On average, analysts expect that Welltower will report full-year sales of $4.55 billion for the current financial year, with estimates ranging from $4.44 billion to $4.72 billion. For the next year, analysts forecast that the company will post sales of $4.75 billion, with estimates ranging from $4.45 billion to $5.08 billion. Zacks’ sales averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Welltower.

Welltower (NYSE:WELL) last released its quarterly earnings results on Friday, July 27th. The real estate investment trust reported $0.41 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.99 by ($0.58). The firm had revenue of $1.13 billion for the quarter, compared to the consensus estimate of $1.10 billion. Welltower had a return on equity of 4.95% and a net margin of 13.64%. The business’s quarterly revenue was up 6.4% compared to the same quarter last year.

WELL has been the topic of several analyst reports. BMO Capital Markets reiterated a “hold” rating and issued a $58.00 target price on shares of Welltower in a report on Monday, July 30th. ValuEngine upgraded Welltower from a “sell” rating to a “hold” rating in a report on Thursday, September 6th. Stephens reiterated a “buy” rating and issued a $64.00 target price on shares of Welltower in a report on Tuesday, July 31st. Barclays initiated coverage on Welltower in a report on Tuesday, September 25th. They issued an “overweight” rating on the stock. Finally, Morgan Stanley upped their target price on Welltower from $63.00 to $67.00 and gave the company an “overweight” rating in a report on Thursday, August 16th. Twelve analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Welltower has an average rating of “Hold” and a consensus price target of $63.00.

A number of institutional investors and hedge funds have recently modified their holdings of the business. BTR Capital Management Inc. acquired a new position in Welltower in the third quarter valued at approximately $491,000. CENTRAL TRUST Co lifted its stake in Welltower by 24.1% in the third quarter. CENTRAL TRUST Co now owns 90,966 shares of the real estate investment trust’s stock valued at $5,851,000 after buying an additional 17,677 shares during the period. American Research & Management Co. acquired a new position in Welltower in the third quarter valued at approximately $498,000. Gilman Hill Asset Management LLC acquired a new position in Welltower in the second quarter valued at approximately $218,000. Finally, Private Asset Management Inc. lifted its stake in Welltower by 21.2% in the second quarter. Private Asset Management Inc. now owns 55,219 shares of the real estate investment trust’s stock valued at $3,462,000 after buying an additional 9,652 shares during the period. 84.90% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NYSE:WELL traded up $0.03 during midday trading on Monday, hitting $62.24. 1,671,524 shares of the stock were exchanged, compared to its average volume of 2,368,454. Welltower has a 12 month low of $49.58 and a 12 month high of $69.80. The stock has a market cap of $23.93 billion, a P/E ratio of 14.78, a price-to-earnings-growth ratio of 2.71 and a beta of 0.26. The company has a current ratio of 1.77, a quick ratio of 1.77 and a debt-to-equity ratio of 0.81.

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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