Trading Report: The Welltower Inc. (HCN) Scheduled to Post Quarterly Earnings on Wednesday

The Welltower Inc. (HCN) Scheduled to Post Quarterly Earnings on Wednesday

Welltower Inc. (NYSE:HCN) will be posting its Q316 quarterly earnings results on Wednesday, November 2nd. Analysts expect Welltower to post earnings of $1.14 per share and revenue of $1.05 billion for the quarter. Welltower has set its FY16 guidance at $4.50-4.60 EPS.Individual interested in listening to the company’s earnings conference call can do so using this link.

Welltower (NYSE:HCN) last issued its quarterly earnings results on Tuesday, August 2nd. The real estate investment trust reported $1.15 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.14 by $0.01. Welltower had a return on equity of 5.08% and a net margin of 17.15%. The firm earned $1.08 billion during the quarter, compared to analysts’ expectations of $1.04 billion. During the same period in the previous year, the business earned $1.09 earnings per share. The firm’s revenue for the quarter was up 12.5% on a year-over-year basis. On average, analysts expect Welltower to post $4.58 EPS for the current fiscal year and $4.70 EPS for the next fiscal year.

Shares of Welltower Inc. (NYSE:HCN) opened at 68.45 on Monday. The company’s 50 day moving average price is $72.15 and its 200 day moving average price is $73.50. Welltower Inc. has a 12 month low of $52.80 and a 12 month high of $80.19. The stock has a market capitalization of $24.50 billion, a PE ratio of 37.04 and a beta of 0.35.

The company also recently declared a quarterly dividend, which will be paid on Monday, November 21st. Investors of record on Tuesday, November 8th will be paid a dividend of $0.86 per share. The ex-dividend date is Friday, November 4th. This represents a $3.44 dividend on an annualized basis and a yield of 5.03%. Welltower’s dividend payout ratio is presently 185.95%.

HCN has been the topic of a number of research reports. Wells Fargo & Co. restated a “buy” rating on shares of Welltower in a research note on Sunday, September 4th. BTIG Research initiated coverage on Welltower in a research note on Thursday, August 25th. They set a “neutral” rating on the stock. Canaccord Genuity restated a “buy” rating and set a $86.00 price target on shares of Welltower in a research note on Tuesday, September 13th. Citigroup Inc. raised their price target on Welltower from $70.00 to $73.00 and gave the stock a “neutral” rating in a research note on Thursday, July 7th. Finally, Stephens initiated coverage on Welltower in a research note on Wednesday, September 14th. They set an “overweight” rating and a $86.00 price target on the stock. Two investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and five have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $72.25.

In other Welltower news, EVP Scott M. Brinker sold 18,424 shares of the firm’s stock in a transaction on Monday, August 8th. The stock was sold at an average price of $76.63, for a total transaction of $1,411,831.12. Following the completion of the transaction, the executive vice president now owns 111,756 shares of the company’s stock, valued at $8,563,862.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Scott A. Estes sold 3,192 shares of the firm’s stock in a transaction on Thursday, September 1st. The stock was sold at an average price of $76.43, for a total value of $243,964.56. Following the transaction, the chief financial officer now directly owns 133,126 shares of the company’s stock, valued at approximately $10,174,820.18. The disclosure for this sale can be found here. 0.29% of the stock is owned by corporate insiders.

Institutional investors have recently added to or reduced their stakes in the company. Aew Capital Management L P increased its position in Welltower by 1.6% in the second quarter. Aew Capital Management L P now owns 3,880,987 shares of the real estate investment trust’s stock valued at $295,615,000 after buying an additional 62,700 shares during the last quarter. Brookfield Asset Management Inc. increased its position in Welltower by 12.1% in the second quarter. Brookfield Asset Management Inc. now owns 2,222,748 shares of the real estate investment trust’s stock valued at $169,307,000 after buying an additional 239,448 shares during the last quarter. Teachers Advisors Inc. increased its position in Welltower by 57.7% in the second quarter. Teachers Advisors Inc. now owns 1,920,364 shares of the real estate investment trust’s stock valued at $146,274,000 after buying an additional 702,605 shares during the last quarter. Raymond James & Associates increased its position in Welltower by 6.0% in the second quarter. Raymond James & Associates now owns 1,338,874 shares of the real estate investment trust’s stock valued at $101,982,000 after buying an additional 75,534 shares during the last quarter. Finally, TIAA CREF Investment Management LLC increased its position in Welltower by 19.1% in the second quarter. TIAA CREF Investment Management LLC now owns 1,297,164 shares of the real estate investment trust’s stock valued at $98,805,000 after buying an additional 207,681 shares during the last quarter. 87.86% of the stock is owned by institutional investors.

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