Brokerages forecast that Welltower Inc (NYSE:WELL) will announce $1.24 billion in sales for the current quarter, according to Zacks. Five analysts have issued estimates for Welltower’s earnings. The highest sales estimate is $1.29 billion and the lowest is $1.20 billion. Welltower reported sales of $1.10 billion during the same quarter last year, which indicates a positive year over year growth rate of 12.7%. The firm is expected to announce its next earnings report before the market opens on Tuesday, April 30th.

According to Zacks, analysts expect that Welltower will report full year sales of $5.01 billion for the current financial year, with estimates ranging from $4.86 billion to $5.23 billion. For the next financial year, analysts forecast that the business will post sales of $5.17 billion, with estimates ranging from $4.96 billion to $5.39 billion. Zacks’ sales calculations are an average based on a survey of research firms that follow Welltower.

Welltower (NYSE:WELL) last issued its quarterly earnings data on Tuesday, February 12th. The real estate investment trust reported $1.01 earnings per share for the quarter, missing the consensus estimate of $1.03 by ($0.02). Welltower had a return on equity of 6.28% and a net margin of 17.14%. The business had revenue of $1.24 billion during the quarter, compared to the consensus estimate of $1.26 billion. Welltower’s revenue for the quarter was up 12.4% compared to the same quarter last year.

Several analysts recently weighed in on WELL shares. Deutsche Bank boosted their price objective on shares of Welltower from $61.00 to $71.00 and gave the stock a “hold” rating in a research note on Friday, March 29th. Citigroup boosted their price objective on shares of Welltower from $71.00 to $75.00 and gave the stock a “neutral” rating in a research note on Thursday, February 14th. Raymond James boosted their price objective on shares of Welltower from $75.00 to $78.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 26th. They noted that the move was a valuation call. Morgan Stanley boosted their price objective on shares of Welltower from $77.00 to $83.00 and gave the stock an “overweight” rating in a research note on Thursday, March 28th. Finally, Mitsubishi UFJ Financial Group upped their price target on shares of Welltower to $82.00 and gave the company an “overweight” rating in a research report on Wednesday, February 13th. Ten research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $71.29.

In other Welltower news, EVP Mercedes Kerr sold 5,000 shares of the company’s stock in a transaction on Thursday, February 28th. The shares were sold at an average price of $74.50, for a total transaction of $372,500.00. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Corporate insiders own 0.15% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in WELL. Vanguard Group Inc acquired a new position in shares of Welltower during the third quarter valued at about $3,075,144,000. Cohen & Steers Inc. acquired a new position in shares of Welltower during the third quarter valued at about $1,459,560,000. Bank of New York Mellon Corp acquired a new position in shares of Welltower during the third quarter valued at about $405,367,000. Morgan Stanley acquired a new position in shares of Welltower during the third quarter valued at about $251,445,000. Finally, Norges Bank acquired a new stake in shares of Welltower in the 4th quarter worth about $248,512,000. Hedge funds and other institutional investors own 84.87% of the company’s stock.

Shares of Welltower stock opened at $73.24 on Monday. The company has a current ratio of 1.64, a quick ratio of 1.64 and a debt-to-equity ratio of 0.89. Welltower has a twelve month low of $49.58 and a twelve month high of $79.41. The firm has a market capitalization of $29.27 billion, a P/E ratio of 18.17, a price-to-earnings-growth ratio of 3.10 and a beta of 0.46.

Welltower Company Profile

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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