Welltower (NYSE:WELL) Issues Quarterly Earnings Results, Misses Estimates By $0.72 EPS

Welltower (NYSE:WELL) issued its quarterly earnings data on Monday. The real estate investment trust reported $0.22 earnings per share for the quarter, missing the consensus estimate of $0.94 by ($0.72), RTT News reports. The company had revenue of $1.86 billion for the quarter, compared to the consensus estimate of $1.81 billion. Welltower had a return on equity of 1.47% and a net margin of 5.12%. The company’s revenue was up 19.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.85 earnings per share. Welltower updated its FY24 guidance to $4.02-4.15 EPS and its FY 2024 guidance to 4.020-4.150 EPS.

Welltower Trading Up 1.6 %

NYSE:WELL traded up $1.58 during midday trading on Tuesday, hitting $97.36. The stock had a trading volume of 304,483 shares, compared to its average volume of 2,514,472. The stock has a 50-day moving average of $92.11 and a 200 day moving average of $89.54. The company has a market capitalization of $57.54 billion, a price-to-earnings ratio of 149.71, a PEG ratio of 2.39 and a beta of 1.08. Welltower has a one year low of $72.47 and a one year high of $97.78. The company has a quick ratio of 3.22, a current ratio of 3.22 and a debt-to-equity ratio of 0.60.

Welltower Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 22nd. Investors 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 2.51%. Welltower’s payout ratio is 381.26%.

Analysts Set New Price Targets

WELL has been the topic of several analyst reports. Scotiabank cut their target price on Welltower from $97.00 to $96.00 and set a “sector outperform” rating on the stock in a research report on Monday, March 4th. KeyCorp boosted their price objective on shares of Welltower from $90.00 to $95.00 and gave the company an “overweight” rating in a research report on Friday, January 5th. StockNews.com lowered shares of Welltower from a “hold” rating to a “sell” rating in a report on Friday, March 29th. Mizuho lifted their price target on shares of Welltower from $90.00 to $98.00 and gave the stock a “buy” rating in a research note on Wednesday, January 3rd. Finally, BNP Paribas began coverage on shares of Welltower in a research report on Monday, March 18th. They issued an “outperform” rating and a $104.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $95.57.

Welltower Company Profile

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.