Welltower (NYSE:WELL) Releases FY 2024 Earnings Guidance

Welltower (NYSE:WELL) updated its FY 2024 earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of 4.050-4.170 for the period, compared to the consensus estimate of 4.100. The company issued revenue guidance of -.

Analyst Upgrades and Downgrades

WELL has been the subject of a number of analyst reports. StockNews.com downgraded Welltower from a hold rating to a sell rating in a research report on Friday. Wells Fargo & Company lifted their target price on Welltower from $107.00 to $111.00 and gave the stock an overweight rating in a research report on Thursday, May 30th. Scotiabank raised their price objective on shares of Welltower from $96.00 to $108.00 and gave the stock a sector outperform rating in a research report on Thursday, May 16th. BNP Paribas started coverage on Welltower in a report on Monday, March 18th. They set an outperform rating and a $104.00 price target for the company. Finally, 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 note on Wednesday, May 8th. 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 issued a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of Moderate Buy and an average target price of $98.07.

Welltower Price Performance

Shares of WELL stock opened at $103.77 on Tuesday. The firm has a market cap of $62.05 billion, a P/E ratio of 128.11, a P/E/G ratio of 2.57 and a beta of 1.16. Welltower has a 1-year low of $75.86 and a 1-year high of $105.69. The firm has a fifty day moving average of $98.08 and a two-hundred day moving average of $93.15. The company has a debt-to-equity ratio of 0.50, a current ratio of 3.83 and a quick ratio of 3.83.

Welltower (NYSE:WELL) last issued its quarterly 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 net margin of 6.37% and a return on equity of 1.77%. The firm had revenue of $1.86 billion during the quarter, compared to the consensus estimate of $1.81 billion. During the same quarter last year, the firm posted $0.85 earnings per share. Welltower’s revenue was up 19.2% compared to the same quarter last year. As a group, research analysts anticipate that Welltower will post 4.12 earnings per share for the current fiscal year.

Welltower Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, May 22nd. Stockholders of record on Monday, May 13th were given a dividend of $0.61 per share. This represents a $2.44 dividend on an annualized basis and a dividend yield of 2.35%. The ex-dividend date was Friday, May 10th. Welltower’s payout ratio is 301.23%.

Insider Activity at Welltower

In other Welltower news, Director Kenneth J. Bacon sold 1,800 shares of the business’s stock in a transaction dated 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 directly owns 14,579 shares of the company’s stock, valued at approximately $1,514,903.89. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.12% of the company’s stock.

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.