Welltower Inc (NYSE:HCN) – Equities researchers at Jefferies Group cut their FY2018 earnings per share estimates for shares of Welltower in a research note issued to investors on Tuesday. Jefferies Group analyst O. Okusanya now expects that the real estate investment trust will post earnings of $4.20 per share for the year, down from their previous estimate of $4.23. Jefferies Group has a “Hold” rating and a $72.00 price objective on the stock. Jefferies Group also issued estimates for Welltower’s FY2019 earnings at $4.37 EPS.

A number of other analysts have also issued reports on the stock. ValuEngine upgraded shares of Welltower from a “hold” rating to a “buy” rating in a research report on Saturday, January 13th. BMO Capital Markets set a $57.00 target price on shares of Welltower and gave the stock a “sell” rating in a research report on Monday. Royal Bank of Canada restated a “hold” rating and set a $74.00 target price on shares of Welltower in a research report on Tuesday, October 10th. Stephens set a $70.00 target price on shares of Welltower and gave the stock a “buy” rating in a research report on Friday, January 12th. Finally, Zacks Investment Research lowered shares of Welltower from a “hold” rating to a “sell” rating in a research report on Tuesday, January 9th. Four research analysts have rated the stock with a sell rating, eight have given a hold rating and six have issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $72.08.

Welltower (NYSE:HCN) remained flat at $$59.29 during mid-day trading on Wednesday. 3,011,607 shares of the company traded hands, compared to its average volume of 2,615,815. The firm has a market capitalization of $21,870.00, a price-to-earnings ratio of 52.01, a price-to-earnings-growth ratio of 3.99 and a beta of 0.25. Welltower has a 1-year low of $58.24 and a 1-year high of $78.17. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.76 and a quick ratio of 1.76.

Welltower (NYSE:HCN) last released its quarterly earnings results on Tuesday, November 7th. The real estate investment trust reported $1.08 EPS for the quarter, beating the consensus estimate of $1.05 by $0.03. The business had revenue of $1.09 billion for the quarter, compared to analyst estimates of $1.06 billion. Welltower had a net margin of 22.67% and a return on equity of 7.45%. The company’s quarterly revenue was up 1.1% on a year-over-year basis. During the same period in the prior year, the business earned $1.16 earnings per share.

A number of large investors have recently bought and sold shares of HCN. PGGM Investments raised its stake in Welltower by 112.9% during the third quarter. PGGM Investments now owns 4,768,912 shares of the real estate investment trust’s stock worth $335,159,000 after purchasing an additional 2,529,412 shares during the period. Cohen & Steers Inc. purchased a new position in shares of Welltower in the 3rd quarter valued at $125,329,000. Bank of New York Mellon Corp raised its stake in shares of Welltower by 11.3% in the 3rd quarter. Bank of New York Mellon Corp now owns 7,592,729 shares of the real estate investment trust’s stock valued at $533,618,000 after acquiring an additional 768,861 shares during the period. Cbre Clarion Securities LLC raised its stake in shares of Welltower by 8.3% in the 2nd quarter. Cbre Clarion Securities LLC now owns 6,401,420 shares of the real estate investment trust’s stock valued at $479,146,000 after acquiring an additional 492,882 shares during the period. Finally, Prudential Financial Inc. raised its stake in shares of Welltower by 42.7% in the 3rd quarter. Prudential Financial Inc. now owns 1,534,876 shares of the real estate investment trust’s stock valued at $107,871,000 after acquiring an additional 459,593 shares during the period. 86.46% of the stock is currently owned by institutional investors.

In related news, Director Gary Whitelaw purchased 1,420 shares of the business’s stock in a transaction on Tuesday, November 21st. The shares were bought at an average price of $68.39 per share, with a total value of $97,113.80. Following the completion of the purchase, the director now directly owns 1,420 shares in the company, valued at approximately $97,113.80. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.19% of the company’s stock.

TRADEMARK VIOLATION NOTICE: “FY2018 EPS Estimates for Welltower Inc Decreased by Jefferies Group (HCN)” was originally reported by Watch List News and is owned by of Watch List News. If you are viewing this piece on another publication, it was illegally stolen and republished in violation of U.S. and international copyright and trademark law. The correct version of this piece can be viewed at https://www.watchlistnews.com/fy2018-eps-estimates-for-welltower-inc-decreased-by-jefferies-group-hcn/1814409.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.

Earnings History and Estimates for Welltower (NYSE:HCN)

Receive News & Ratings for Welltower Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Welltower and related companies with MarketBeat.com's FREE daily email newsletter.