Welltower Inc. (NYSE:HCN) updated its FY17 earnings guidance on Friday. The company provided earnings per share (EPS) guidance of $4.15-4.25 for the period, compared to the Thomson Reuters consensus estimate of $4.19.
A number of research firms recently weighed in on HCN. BMO Capital Markets restated a sell rating and set a $68.00 target price on shares of Welltower in a research note on Friday, July 28th. BidaskClub lowered shares of Welltower from a hold rating to a sell rating in a research note on Friday, July 28th. Mizuho restated a neutral rating on shares of Welltower in a research note on Wednesday, June 28th. Royal Bank Of Canada restated a hold rating and set a $72.00 target price on shares of Welltower in a research note on Monday, June 5th. Finally, Canaccord Genuity restated a buy rating and set a $86.00 target price on shares of Welltower in a research note on Monday, May 15th. Four research analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have assigned a buy rating to the stock. Welltower presently has a consensus rating of Hold and an average target price of $72.77.
Shares of Welltower Inc. (HCN) traded up 1.07% during trading on Wednesday, reaching $72.00. 1,657,137 shares of the company’s stock traded hands. Welltower Inc. has a 1-year low of $59.39 and a 1-year high of $78.19. The company has a 50 day moving average price of $73.21 and a 200 day moving average price of $71.33. The stock has a market capitalization of $26.56 billion, a PE ratio of 22.42 and a beta of 0.23.
Welltower (NYSE:HCN) last issued its quarterly earnings results on Friday, July 28th. The real estate investment trust reported $1.06 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.05 by $0.01. Welltower had a return on equity of 8.74% and a net margin of 28.94%. The business had revenue of $1.06 billion during the quarter, compared to the consensus estimate of $1.04 billion. During the same period in the previous year, the business earned $0.54 EPS. On average, equities analysts forecast that Welltower Inc. will post $2.31 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Monday, August 21st. Stockholders of record on Tuesday, August 8th will be issued a $0.87 dividend. The ex-dividend date is Friday, August 4th. This represents a $3.48 dividend on an annualized basis and a dividend yield of 4.83%. Welltower’s dividend payout ratio (DPR) is 108.41%.
TRADEMARK VIOLATION WARNING: This piece of content was originally posted by StockNewsTimes and is owned by of StockNewsTimes. If you are reading this piece of content on another website, it was copied illegally and republished in violation of international copyright and trademark legislation. The original version of this piece of content can be accessed at https://stocknewstimes.com/2017/08/16/welltower-inc-hcn-releases-fy17-earnings-guidance-updated-updated.html.
About Welltower
Welltower Inc invests with seniors housing operators, post-acute providers and health systems to fund real estate and infrastructure. The Company invests in seniors housing and healthcare real estate. It operates in three segments: triple-net, seniors housing operating and outpatient medical. Welltower, a real estate investment trust (REIT), owns interests in properties concentrated in markets in the United States, Canada and the United Kingdom, consisting of seniors housing and post-acute communities, and outpatient medical properties.
Receive News & Ratings for Welltower Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Welltower Inc. and related companies with MarketBeat.com's FREE daily email newsletter.
