Welltower (NYSE:WELL) Releases FY 2024 Earnings Guidance

Welltower (NYSE:WELLGet Free Report) issued an update on its FY 2024 earnings guidance on Tuesday morning. The company provided EPS guidance of 4.050-4.170 for the period, compared to the consensus EPS estimate of 4.100. The company issued revenue guidance of -.

Welltower Price Performance

Shares of NYSE WELL opened at $103.04 on Friday. The firm has a market cap of $61.61 billion, a PE ratio of 127.21, a PEG ratio of 2.57 and a beta of 1.16. The company has a current ratio of 3.83, a quick ratio of 3.83 and a debt-to-equity ratio of 0.50. Welltower has a 1-year low of $75.86 and a 1-year high of $105.69. The company has a fifty day moving average price of $98.85 and a 200 day moving average price of $93.40.

Welltower (NYSE:WELLGet Free Report) last announced its earnings results on Monday, April 29th. The real estate investment trust reported $0.22 earnings per share for the quarter, missing analysts’ consensus estimates of $0.94 by ($0.72). Welltower had a return on equity of 1.77% and a net margin of 6.37%. The company had revenue of $1.86 billion during the quarter, compared to analyst estimates of $1.81 billion. During the same period in the previous year, the company posted $0.85 earnings per share. Welltower’s revenue for the quarter was up 19.2% on a year-over-year basis. Research analysts predict that Welltower will post 4.12 earnings per share for the current fiscal year.

Welltower Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, May 22nd. Shareholders of record on Monday, May 13th were given a dividend of $0.61 per share. The ex-dividend date was Friday, May 10th. This represents a $2.44 annualized dividend and a yield of 2.37%. Welltower’s dividend payout ratio (DPR) is presently 301.23%.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on WELL shares. Mizuho boosted their price target on shares of Welltower from $98.00 to $105.00 and gave the stock a buy rating in a research report on Wednesday, May 8th. Scotiabank upped their target price on shares of Welltower from $96.00 to $108.00 and gave the company a sector outperform rating in a report on Thursday, May 16th. StockNews.com cut shares of Welltower from a hold rating to a sell rating in a report on Friday, June 14th. Wells Fargo & Company upped their target price on shares of Welltower from $107.00 to $111.00 and gave the company an overweight rating in a report on Thursday, May 30th. Finally, BNP Paribas assumed coverage on shares of Welltower in a report on Monday, March 18th. They issued an outperform rating and a $104.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of Moderate Buy and an average price target of $98.07.

Check Out Our Latest Analysis on WELL

Insider Activity

In other news, Director Kenneth J. Bacon sold 1,800 shares of the firm’s stock in a transaction on Tuesday, June 4th. The shares were sold at an average price of $103.91, for a total transaction of $187,038.00. Following the completion of the transaction, the director now owns 14,579 shares of the company’s stock, valued at $1,514,903.89. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.12% of the company’s stock.

About Welltower

(Get Free Report)

Welltower Inc (NYSE:WELL), a REIT and S&P 500 company headquartered in Toledo, Ohio, is driving the transformation of health care infrastructure. Welltower invests with leading seniors housing operators, post-acute providers and health systems to fund the real estate and 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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