Welltower (NYSE:WELL) Updates FY24 Earnings Guidance

Welltower (NYSE:WELL) updated its FY24 earnings guidance on Monday. The company provided earnings per share guidance of $4.02-4.15 for the period, compared to the consensus earnings per share estimate of $4.06.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on WELL. Scotiabank reduced their price objective on Welltower from $97.00 to $96.00 and set a sector outperform rating for the company in a research note on Monday, March 4th. BNP Paribas initiated coverage on Welltower in a research report on Monday, March 18th. They set an outperform rating and a $104.00 target price on the stock. StockNews.com cut Welltower from a hold rating to a sell rating in a research report on Friday, March 29th. KeyCorp boosted their price objective on Welltower from $90.00 to $95.00 and gave the stock an overweight rating in a research report on Friday, January 5th. Finally, Mizuho boosted their price objective on Welltower from $90.00 to $98.00 and gave the stock a buy rating in a research report on Wednesday, January 3rd. One analyst has rated the stock with a sell rating, four have issued a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of Moderate Buy and a consensus target price of $95.57.

Welltower Stock Performance

Shares of WELL traded up $1.44 during mid-day trading on Monday, hitting $95.78. The stock had a trading volume of 2,607,887 shares, compared to its average volume of 2,542,752. 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 52 week low of $72.47 and a 52 week high of $95.83. The firm has a market cap of $56.61 billion, a P/E ratio of 148.69, a PEG ratio of 2.39 and a beta of 1.08. The business has a fifty day moving average price of $92.06 and a 200-day moving average price of $89.47.

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

Welltower Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 7th. Investors of record on Friday, February 23rd were paid a dividend of $0.61 per share. The ex-dividend date was Thursday, February 22nd. This represents a $2.44 annualized dividend and a yield of 2.55%. Welltower’s dividend payout ratio is currently 381.25%.

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.