Welltower Inc. (NYSE: WELL – Get a rating) – Capital One Financial equity researchers cut their Q1 2023 earnings per share (EPS) estimates for Welltower in a report released Thursday, June 9. Capital One Financial analyst D. Bernstein now expects the real estate investment trust to post earnings of $0.93 per share for the quarter, down from its previous forecast of $0.99. Capital One Financial currently has an “overweight” rating and a target price of $95.00 on the stock. The consensus estimate of Welltower’s current annual earnings is $3.52 per share. Capital One Financial also released estimates for Welltower Q2 2023 earnings at $0.99 EPS and Q3 2023 earnings at $1.00 EPS.
A number of other research companies have also recently commented on WELL. Scotiabank upgraded Welltower from an “sector performer” rating to an “sector outperformer” rating and set a target price of $110.00 for the stock in a Monday, April 4 research report. Credit Suisse Group has upgraded Welltower from a “neutral” rating to an “outperforming” rating and raised its price target for the company from $92.00 to $100.00 in a Wednesday May 18 research report. Royal Bank of Canada raised its target price on Welltower from $97.00 to $100.00 in a Friday, May 20 research report. Deutsche Bank Aktiengesellschaft raised its price target on Welltower from $103.00 to $108.00 in a research report on Wednesday, April 27. Finally, Mizuho raised its price target on Welltower from $94.00 to $96.00 and gave the company a “buy” rating in a Monday, March 21 report. Three equity research analysts gave the stock a hold rating, thirteen issued a buy rating and one gave the company’s stock a high buy rating. According to data from MarketBeat, Welltower has a consensus rating of “Buy” and an average price target of $97.88.
Welltower shares opened at $82.07 on Monday. Welltower has a one-year low of $78.35 and a one-year high of $99.43. The company has a market capitalization of $37.26 billion, a price/earnings ratio of 109.43, a PEG ratio of 2.82 and a beta of 0.98. The company has a debt ratio of 0.78, a quick ratio of 2.13 and a current ratio of 2.13. The company’s 50-day moving average price is $91.22 and its 200-day moving average price is $87.77. Welltower (NYSE: WELL – Get a rating) last reported quarterly earnings data on Tuesday, May 10. The real estate investment trust reported EPS of $0.14 for the quarter, missing analyst consensus estimates of $0.82 per ($0.68). Welltower had a return on equity of 1.81% and a net margin of 6.42%. The company posted revenue of $1.40 billion for the quarter, compared with $1.38 billion for analysts. In the same quarter a year earlier, the company posted EPS of $0.80. The company’s quarterly revenue increased by 32.7% compared to the same quarter last year.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, May 31. Shareholders of record on Tuesday, May 24 received a dividend of $0.61 per share. This represents an annualized dividend of $2.44 and a yield of 2.97%. The ex-dividend date was Monday, May 23. Welltower’s dividend payout ratio is currently 325.34%.
Hedge funds have recently changed their holdings in the company. Newbridge Financial Services Group Inc. increased its stake in Welltower shares by 148.3% during the 4th quarter. Newbridge Financial Services Group Inc. now owns 293 shares of the real estate investment trust worth $25,000 after buying an additional 175 shares in the last quarter. Covestor Ltd increased its holdings of Welltower shares by 97.4% in Q1. Covestor Ltd now owns 298 shares of the real estate investment trust worth $29,000 after acquiring an additional 147 shares during the period. Zullo Investment Group Inc. acquired a new stake in Welltower during the 4th quarter for a value of $30,000. Disciplined Investments LLC acquired a new stake in Welltower during Q1 valued at $37,000. Finally, FSB Premier Wealth Management Inc. acquired a new stake in Welltower during the 4th quarter at a value of $36,000. 93.79% of the shares are held by institutional investors and hedge funds.
About Welltower (Get a rating)
Welltower Inc (NYSE: WELL), an S&P 500 company headquartered in Toledo, Ohio, is driving the transformation of healthcare infrastructure. The company invests with leading senior housing operators, post-acute care providers and health systems to fund the real estate infrastructure needed to scale innovative care delivery models and improve well- being people and the overall health care experience.
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