Wall Street analysts expect Welltower Inc (NYSE:WELL) to announce $1.17 billion in sales for the current fiscal quarter, according to Zacks. Four analysts have made estimates for Welltower’s earnings, with the lowest sales estimate coming in at $1.11 billion and the highest estimate coming in at $1.24 billion. Welltower posted sales of $1.09 billion in the same quarter last year, which suggests a positive year-over-year growth rate of 7.3%. The firm is expected to issue its next earnings results on Tuesday, November 6th.

On average, analysts expect that Welltower will report full-year sales of $4.53 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 business will report sales of $4.71 billion per share, with estimates ranging from $4.45 billion to $5.08 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side analysts that that provide coverage for Welltower.

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

A number of equities research analysts have commented on the stock. Raymond James upgraded shares of Welltower to an “outperform” rating in a research note on Friday, June 1st. BMO Capital Markets reissued a “hold” rating and issued a $58.00 target price on shares of Welltower in a report on Monday, July 30th. ValuEngine raised shares of Welltower from a “strong sell” rating to a “sell” rating in a report on Thursday, June 28th. Stephens reaffirmed a “buy” rating and set a $64.00 price objective on shares of Welltower in a research note on Tuesday, July 31st. Finally, Morgan Stanley lifted their price objective on shares of Welltower from $63.00 to $67.00 and gave the stock an “overweight” rating in a research note on Thursday, August 16th. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating and six have given a buy rating to the company. Welltower has an average rating of “Hold” and an average target price of $64.13.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Principal Financial Group Inc. purchased a new stake in Welltower during the first quarter worth $308,744,000. Ballast Inc. purchased a new stake in Welltower during the second quarter valued at about $228,000. Foundry Partners LLC grew its position in Welltower by 1,606.7% during the second quarter. Foundry Partners LLC now owns 140,134 shares of the real estate investment trust’s stock valued at $8,785,000 after acquiring an additional 131,923 shares during the period. Gilman Hill Asset Management LLC purchased a new stake in shares of Welltower in the second quarter worth about $218,000. Finally, Morningstar Investment Services LLC purchased a new stake in shares of Welltower in the first quarter worth about $38,799,000. 84.91% of the stock is currently owned by institutional investors.

Shares of NYSE:WELL traded up $0.11 during trading on Tuesday, hitting $66.69. The company’s stock had a trading volume of 114,659 shares, compared to its average volume of 1,953,424. Welltower has a 12 month low of $49.58 and a 12 month high of $75.58. The company has a quick ratio of 1.77, a current ratio of 1.77 and a debt-to-equity ratio of 0.81. The stock has a market capitalization of $24.86 billion, a PE ratio of 15.83, a price-to-earnings-growth ratio of 2.73 and a beta of 0.26.

The business also recently declared a quarterly dividend, which was paid on Tuesday, August 21st. Shareholders of record on Tuesday, August 7th were given a $0.87 dividend. This represents a $3.48 dividend on an annualized basis and a yield of 5.22%. The ex-dividend date of this dividend was Monday, August 6th. Welltower’s dividend payout ratio is currently 82.66%.

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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Earnings History and Estimates for Welltower (NYSE:WELL)

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