Welltower (NYSE:WELL) posted its quarterly earnings results on Wednesday. The real estate investment trust reported $0.55 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.30 by $0.25, Fidelity Earnings reports. The company had revenue of $1.26 billion for the quarter, compared to the consensus estimate of $1.25 billion. Welltower had a net margin of 21.98% and a return on equity of 7.58%. Welltower’s revenue was up 1.7% on a year-over-year basis. During the same quarter last year, the firm posted $0.27 earnings per share. Welltower updated its FY 2020
After-Hours guidance to 4.20-4.30 EPS and its FY20 guidance to $4.20-4.30 EPS.
Shares of WELL stock traded up $1.22 during mid-day trading on Thursday, reaching $87.08. The company’s stock had a trading volume of 152,234 shares, compared to its average volume of 1,901,574. The company’s 50 day simple moving average is $84.09 and its 200-day simple moving average is $86.17. Welltower has a 12-month low of $71.18 and a 12-month high of $93.17. The company has a quick ratio of 1.85, a current ratio of 1.85 and a debt-to-equity ratio of 0.84. The firm has a market capitalization of $35.00 billion, a PE ratio of 31.44, a price-to-earnings-growth ratio of 5.16 and a beta of 0.18.
WELL has been the topic of a number of recent analyst reports. Mizuho initiated coverage on shares of Welltower in a research note on Thursday, December 19th. They set a “buy” rating and a $92.00 price target on the stock. Morgan Stanley cut their price target on shares of Welltower from $95.00 to $90.00 and set an “overweight” rating on the stock in a research note on Wednesday, December 18th. Evercore ISI raised shares of Welltower from an “in-line” rating to an “outperform” rating and set a $89.00 price target on the stock in a research note on Monday, January 6th. Deutsche Bank raised shares of Welltower from a “hold” rating to a “buy” rating in a research note on Monday, January 6th. Finally, Raymond James downgraded shares of Welltower to a “market weight” rating in a research note on Tuesday, January 7th. Eight analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $84.10.
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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