Welltower (NYSE:WELL) Updates Q2 2021 Earnings Guidance

Welltower (NYSE:WELL) updated its second quarter 2021 earnings guidance on Tuesday. The company provided earnings per share guidance of $0.750-0.790 for the period. The company issued revenue guidance of -.Welltower also updated its Q2 guidance to $0.75-0.79 EPS.

WELL has been the subject of several recent research reports. Deutsche Bank Aktiengesellschaft upped their target price on Welltower from $76.00 to $80.00 and gave the company a buy rating in a report on Thursday, June 3rd. Mizuho upped their target price on Welltower from $60.00 to $70.00 and gave the company a neutral rating in a report on Wednesday, April 28th. Wells Fargo & Company upped their target price on Welltower from $71.00 to $78.00 in a report on Tuesday, May 4th. Morgan Stanley upped their target price on Welltower from $76.00 to $79.00 and gave the company an overweight rating in a report on Wednesday, April 7th. Finally, Bank of America raised Welltower from a neutral rating to a buy rating and upped their target price for the company from $73.00 to $78.00 in a report on Tuesday, March 30th. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating and nine have issued a buy rating to the company. The company presently has a consensus rating of Hold and an average price target of $67.71.

WELL traded up $0.30 during trading on Thursday, reaching $79.14. The stock had a trading volume of 2,015,979 shares, compared to its average volume of 2,096,848. The stock has a market cap of $33.04 billion, a price-to-earnings ratio of 45.27, a price-to-earnings-growth ratio of 5.56 and a beta of 1.04. The company has a quick ratio of 3.89, a current ratio of 3.89 and a debt-to-equity ratio of 0.87. Welltower has a 1-year low of $47.18 and a 1-year high of $79.41. The stock has a 50 day simple moving average of $74.89.

Welltower (NYSE:WELL) last released its earnings results on Wednesday, April 28th. The real estate investment trust reported $0.17 earnings per share for the quarter, missing analysts’ consensus estimates of $0.75 by ($0.58). The firm had revenue of $1.05 billion during the quarter, compared to analyst estimates of $1.06 billion. Welltower had a return on equity of 5.66% and a net margin of 16.82%. The business’s revenue for the quarter was down 16.4% on a year-over-year basis. During the same quarter last year, the company earned $1.02 earnings per share. As a group, equities research analysts expect that Welltower will post 3.04 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Thursday, May 20th. Shareholders of record on Tuesday, May 11th were given a $0.61 dividend. The ex-dividend date of this dividend was Monday, May 10th. This represents a $2.44 dividend on an annualized basis and a yield of 3.08%. Welltower’s dividend payout ratio (DPR) is 68.54%.

Welltower Company Profile

Welltower Inc (NYSE:WELL), an S&P 500 company headquartered in Toledo, Ohio, is driving the transformation of health care infrastructure. The Company 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.

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Earnings History and Estimates for Welltower (NYSE:WELL)

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