Welltower (NYSE:WELL) Posts Earnings Results, Misses Expectations By $0.31 EPS

Welltower (NYSE:WELL) posted its quarterly earnings data on Monday. The real estate investment trust reported $0.73 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.04 by ($0.31), Zacks reports. Welltower had a return on equity of 2.21% and a net margin of 8.36%. The company had revenue of $2.06 billion for the quarter, compared to the consensus estimate of $1.95 billion. During the same period in the prior year, the firm posted $0.92 earnings per share. The business’s revenue was up 23.7% on a year-over-year basis. Welltower updated its FY24 guidance to $4.27-$4.33 EPS and its FY 2024 guidance to 4.270-4.330 EPS.

Welltower Stock Up 0.8 %

Shares of WELL stock opened at $138.48 on Thursday. The company has a 50 day simple moving average of $126.79 and a two-hundred day simple moving average of $111.90. The company has a current ratio of 4.07, a quick ratio of 4.07 and a debt-to-equity ratio of 0.47. The stock has a market cap of $82.80 billion, a P/E ratio of 170.96, a P/E/G ratio of 2.91 and a beta of 1.21. Welltower has a 12 month low of $82.54 and a 12 month high of $139.80.

Welltower Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, November 21st. Shareholders of record on Wednesday, November 13th will be issued a dividend of $0.67 per share. The ex-dividend date is Wednesday, November 13th. This represents a $2.68 dividend on an annualized basis and a yield of 1.94%. Welltower’s dividend payout ratio is currently 330.86%.

Analysts Set New Price Targets

A number of analysts have recently issued reports on WELL shares. Wolfe Research raised shares of Welltower to a “strong-buy” rating in a report on Friday, August 9th. StockNews.com raised shares of Welltower from a “sell” rating to a “hold” rating in a research note on Wednesday. Wedbush lifted their target price on shares of Welltower from $100.00 to $120.00 and gave the company a “neutral” rating in a research note on Monday, August 5th. Royal Bank of Canada boosted their price objective on shares of Welltower from $101.00 to $114.00 and gave the stock a “sector perform” rating in a research note on Friday, August 9th. Finally, Scotiabank boosted their price objective on shares of Welltower from $121.00 to $133.00 and gave the stock a “sector outperform” rating in a research note on Monday, September 23rd. Five investment analysts have rated the stock with a hold rating, seven have given a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $115.38.

About Welltower

Welltower Inc (NYSE:WELL), a real estate investment trust (“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 infrastructure needed to scale innovative care delivery models and improve people’s wellness and overall health care experience.