Welltower (NYSE:WELL) Issues FY 2024 Earnings Guidance

Welltower (NYSE:WELL) updated its FY 2024 earnings guidance on Monday. The company provided earnings per share (EPS) guidance of 4.020-4.150 for the period, compared to the consensus estimate of 4.060. The company issued revenue guidance of -. Welltower also updated its FY24 guidance to $4.02-4.15 EPS.

Analyst Upgrades and Downgrades

Several research firms recently commented on WELL. KeyCorp upped their price target on shares of Welltower from $90.00 to $95.00 and gave the company an overweight rating in a research note on Friday, January 5th. BNP Paribas assumed coverage on Welltower in a report on Monday, March 18th. They set an outperform rating and a $104.00 target price on the stock. Deutsche Bank Aktiengesellschaft began coverage on shares of Welltower in a research note on Tuesday, January 30th. They set a buy rating and a $115.00 target price for the company. StockNews.com downgraded shares of Welltower from a hold rating to a sell rating in a research report on Friday, March 29th. Finally, Mizuho raised 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. One investment analyst has rated the stock with a sell rating, four have given a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of Moderate Buy and an average target price of $95.57.

Welltower Price Performance

NYSE:WELL traded up $1.47 during mid-day trading on Monday, hitting $95.81. 2,607,881 shares of the stock traded hands, compared to its average volume of 2,542,753. The business’s 50-day moving average price is $92.06 and its 200 day moving average price is $89.47. The company has a quick ratio of 3.22, a current ratio of 3.22 and a debt-to-equity ratio of 0.60. The company has a market cap of $56.63 billion, a PE ratio of 148.69, a price-to-earnings-growth ratio of 2.39 and a beta of 1.08. Welltower has a 12-month low of $72.47 and a 12-month high of $95.83.

Welltower (NYSE:WELL) last posted its quarterly earnings data on Tuesday, February 13th. The real estate investment trust reported $0.15 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.94 by ($0.79). Welltower had a net margin of 5.12% and a return on equity of 1.47%. The business had revenue of $1.75 billion for the quarter, compared to the consensus estimate of $1.72 billion. During the same period in the prior year, the business posted $0.83 EPS. Welltower’s quarterly revenue was up 15.2% on a year-over-year basis. On average, analysts expect that Welltower will post 4.05 EPS for the current fiscal year.

Welltower Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 22nd. Stockholders of record on Monday, May 13th will be given a dividend of $0.61 per share. This represents a $2.44 annualized dividend and a dividend yield of 2.55%. Welltower’s dividend payout ratio (DPR) is presently 381.25%.

Welltower Company Profile

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.