Welltower Inc. (HCN) Updates FY17 Earnings Guidance
Welltower Inc. (NYSE:HCN) updated its FY17 earnings guidance on Tuesday. The company provided EPS guidance of $4.19-4.25 for the period, compared to the Thomson Reuters consensus EPS estimate of $4.19.
Several equities analysts have issued reports on the stock. Royal Bank Of Canada reaffirmed a hold rating and issued a $74.00 price target on shares of Welltower in a report on Wednesday, September 6th. BMO Capital Markets reaffirmed a sell rating and issued a $68.00 price target on shares of Welltower in a report on Friday, July 28th. BidaskClub lowered shares of Welltower from a hold rating to a sell rating in a report on Friday, July 28th. Bank of America Corporation lowered shares of Welltower to a neutral rating and cut their price target for the stock from $78.00 to $77.00 in a report on Friday, September 22nd. Finally, Capital One Financial Corporation assumed coverage on shares of Welltower in a report on Monday, September 25th. They issued an equal weight rating and a $74.00 price target on the stock. Three investment analysts have rated the stock with a sell rating, ten have issued a hold rating and five have assigned a buy rating to the stock. The company presently has an average rating of Hold and an average target price of $72.79.
Welltower Inc. (NYSE:HCN) opened at $68.75 on Tuesday. The stock has a market cap of $25,139.08, a price-to-earnings ratio of 15.60, a P/E/G ratio of 4.38 and a beta of 0.24. Welltower Inc. has a 1 year low of $59.39 and a 1 year high of $78.17. The company has a current ratio of 2.24, a quick ratio of 2.24 and a debt-to-equity ratio of 0.78.
The firm also recently announced a quarterly dividend, which will be paid on Monday, November 20th. Investors of record on Tuesday, November 7th will be given a dividend of $0.87 per share. The ex-dividend date is Monday, November 6th. This represents a $3.48 dividend on an annualized basis and a yield of 5.06%. Welltower’s dividend payout ratio is presently 108.41%.
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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