Welltower (NYSE:WELL) updated its FY19 earnings guidance on Tuesday. The company provided EPS guidance of $4.10-4.25 for the period, compared to the Thomson Reuters consensus EPS estimate of $4.23. Welltower also updated its FY18 guidance to $4.02-4.06 EPS.
Several brokerages have commented on WELL. Morgan Stanley raised their target price on Welltower from $67.00 to $77.00 and gave the stock an overweight rating in a research note on Monday, December 17th. SunTrust Banks raised their target price on Welltower to $72.00 and gave the stock a hold rating in a research note on Wednesday, October 31st. TheStreet downgraded Welltower from a b rating to a c+ rating in a research note on Thursday, October 11th. raised their target price on Welltower from $72.00 to $76.00 and gave the stock an overweight rating in a research note on Wednesday, December 5th. Finally, ValuEngine upgraded Welltower from a hold rating to a buy rating in a research note on Wednesday, November 21st. Nine equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Welltower currently has a consensus rating of Buy and a consensus price target of $65.71.
Shares of WELL traded up $0.33 during trading hours on Tuesday, reaching $73.37. 479,759 shares of the company’s stock traded hands, compared to its average volume of 1,653,400. The company has a market cap of $27.44 billion, a PE ratio of 17.43, a price-to-earnings-growth ratio of 2.75 and a beta of 0.31. The company has a current ratio of 1.54, a quick ratio of 1.54 and a debt-to-equity ratio of 0.93. Welltower has a 12 month low of $49.58 and a 12 month high of $74.75.
Welltower (NYSE:WELL) last issued its quarterly earnings results on Tuesday, October 30th. The real estate investment trust reported $0.17 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.02 by ($0.85). The business had revenue of $1.24 billion for the quarter, compared to the consensus estimate of $1.16 billion. Welltower had a net margin of 12.99% and a return on equity of 4.86%. The business’s revenue was up 13.3% compared to the same quarter last year. During the same quarter last year, the business posted $1.08 EPS. As a group, analysts predict that Welltower will post 4.05 earnings per share for the current year.
In related news, EVP Mercedes Kerr sold 4,342 shares of the firm’s stock in a transaction dated Tuesday, December 11th. The stock was sold at an average price of $73.17, for a total transaction of $317,704.14. The sale was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 0.17% of the company’s stock.
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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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