Welltower (NYSE:WELL) Updates FY 2024 Earnings Guidance

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

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on WELL. KeyCorp increased their target price on Welltower from $90.00 to $95.00 and gave the stock an overweight rating in a research report on Friday, January 5th. Scotiabank lowered 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 began coverage on Welltower in a research note on Monday, March 18th. They issued an outperform rating and a $104.00 price objective for the company. Deutsche Bank Aktiengesellschaft began coverage on Welltower in a research note on Tuesday, January 30th. They set a buy rating and a $115.00 price target for the company. Finally, StockNews.com lowered Welltower from a hold rating to a sell rating in a research note on Friday, March 29th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, nine have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of Moderate Buy and a consensus price target of $95.57.

Welltower Stock Up 1.6 %

Shares of NYSE:WELL traded up $1.47 on Monday, reaching $95.81. The company had a trading volume of 2,607,881 shares, compared to its average volume of 2,542,753. Welltower has a 52-week low of $72.47 and a 52-week high of $95.83. The firm’s 50 day simple moving average is $92.06 and its 200-day simple moving average is $89.47. The firm has a market capitalization of $56.63 billion, a PE ratio of 148.69, a PEG ratio of 2.39 and a beta of 1.08. The company has a current ratio of 3.22, a quick ratio of 3.22 and a debt-to-equity ratio of 0.60.

Welltower (NYSE:WELL) last announced its quarterly earnings results 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). Welltower had a net margin of 5.12% and a return on equity of 1.47%. The company had revenue of $1.75 billion during the quarter, compared to analysts’ expectations of $1.72 billion. During the same quarter in the prior year, the business posted $0.83 earnings per share. The company’s revenue was up 15.2% compared to the same quarter last year. As a group, analysts expect that Welltower will post 4.05 earnings per share for the current fiscal year.

Welltower Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 22nd. Stockholders 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 dividend yield of 2.55%. Welltower’s dividend payout ratio is presently 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.