Welltower Inc (NYSE:WELL) – Analysts at Mitsubishi UFJ Financial Group reduced their Q1 2020 earnings estimates for shares of Welltower in a research report issued to clients and investors on Wednesday, May 1st, Zacks Investment Research reports. Mitsubishi UFJ Financial Group analyst K. Ford now anticipates that the real estate investment trust will post earnings of $1.07 per share for the quarter, down from their previous estimate of $1.09. Mitsubishi UFJ Financial Group has a “Overweight” rating and a $82.00 price target on the stock.
Several other equities analysts also recently weighed in on WELL. Morgan Stanley increased their price target on shares of Welltower from $77.00 to $83.00 and gave the stock an “overweight” rating in a report on Thursday, March 28th. Royal Bank of Canada increased their price target on shares of Welltower to $76.00 and gave the stock a “sector perform” rating in a report on Thursday, February 21st. Citigroup increased their price target on shares of Welltower from $71.00 to $75.00 and gave the stock a “neutral” rating in a report on Thursday, February 14th. Deutsche Bank increased their price target on shares of Welltower from $61.00 to $71.00 and gave the stock a “hold” rating in a report on Friday, March 29th. Finally, Raymond James increased their price target on shares of Welltower from $75.00 to $78.00 and gave the stock an “outperform” rating in a report on Tuesday, February 26th. They noted that the move was a valuation call. Seven investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Welltower has an average rating of “Buy” and a consensus target price of $73.29.
Welltower (NYSE:WELL) last announced its quarterly earnings data on Tuesday, April 30th. The real estate investment trust reported $1.02 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.02. The firm had revenue of $1.27 billion during the quarter, compared to analyst estimates of $1.24 billion. Welltower had a net margin of 13.06% and a return on equity of 4.97%. Welltower’s revenue was up 16.0% on a year-over-year basis. During the same period last year, the firm posted $0.99 EPS.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 28th. Stockholders of record on Tuesday, May 14th will be paid a dividend of $0.87 per share. The ex-dividend date of this dividend is Monday, May 13th. This represents a $3.48 dividend on an annualized basis and a dividend yield of 4.35%. Welltower’s payout ratio is 86.35%.
In related news, CEO Thomas J. Derosa sold 19,307 shares of Welltower stock in a transaction on Tuesday, May 14th. The shares were sold at an average price of $77.90, for a total value of $1,504,015.30. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Mercedes Kerr sold 5,000 shares of Welltower stock in a transaction on Thursday, February 28th. The shares were sold at an average price of $74.50, for a total transaction of $372,500.00. The disclosure for this sale can be found here. 0.15% of the stock is owned by company insiders.
A number of institutional investors have recently added to or reduced their stakes in WELL. Vanguard Group Inc acquired a new stake in Welltower in the 3rd quarter valued at $3,075,144,000. Zimmer Partners LP purchased a new position in Welltower in the 1st quarter valued at $313,116,000. Morgan Stanley purchased a new position in Welltower in the 3rd quarter valued at $251,445,000. Norges Bank purchased a new position in Welltower in the 4th quarter valued at $248,512,000. Finally, Legal & General Group Plc purchased a new position in Welltower in the 3rd quarter valued at $185,982,000. 84.94% of the stock is currently owned by hedge funds and other institutional investors.
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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