Welltower (NYSE:WELL) Issues Earnings Results

Welltower (NYSE:WELL) announced its quarterly earnings data on Monday. The real estate investment trust reported $0.22 earnings per share for the quarter, missing the consensus estimate of $0.94 by ($0.72), RTT News reports. The company had revenue of $1.86 billion during the quarter, compared to analyst estimates of $1.81 billion. Welltower had a net margin of 5.12% and a return on equity of 1.47%. Welltower’s revenue was up 19.2% on a year-over-year basis. During the same period in the prior year, the firm earned $0.85 earnings per share. Welltower updated its FY24 guidance to $4.02-4.15 EPS and its FY 2024 guidance to 4.020-4.150 EPS.

Welltower Trading Up 1.5 %

WELL opened at $95.78 on Tuesday. The company has a debt-to-equity ratio of 0.60, a current ratio of 3.22 and a quick ratio of 3.22. Welltower has a fifty-two week low of $72.47 and a fifty-two week high of $95.83. The company’s 50 day moving average price is $92.11 and its two-hundred day moving average price is $89.54. The firm has a market capitalization of $56.61 billion, a price-to-earnings ratio of 149.71, a PEG ratio of 2.39 and a beta of 1.08.

Welltower Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 22nd. Investors of record on Monday, May 13th will be issued a $0.61 dividend. This represents a $2.44 dividend on an annualized basis and a yield of 2.55%. Welltower’s dividend payout ratio (DPR) is presently 381.26%.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on WELL. Scotiabank reduced their price objective on shares of Welltower from $97.00 to $96.00 and set a “sector outperform” rating on the stock in a research note on Monday, March 4th. BNP Paribas began coverage on shares of Welltower in a research report on Monday, March 18th. They set an “outperform” rating and a $104.00 price target on the stock. Mizuho lifted their price objective on shares of Welltower from $90.00 to $98.00 and gave the company a “buy” rating in a research note on Wednesday, January 3rd. StockNews.com cut Welltower from a “hold” rating to a “sell” rating in a research note on Friday, March 29th. Finally, Deutsche Bank Aktiengesellschaft started coverage on Welltower in a research note on Tuesday, January 30th. They issued a “buy” rating and a $115.00 price target 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 given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $95.57.

About Welltower

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.