FY2018 EPS Estimates for Welltower Inc Decreased by Jefferies Group (HCN)
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) 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.
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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.
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