Welltower (NYSE:WELL) Releases FY 2024 Earnings Guidance

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

Welltower Price Performance

Shares of NYSE:WELL traded up $0.42 during midday trading on Tuesday, reaching $96.20. The company’s stock had a trading volume of 1,234,160 shares, compared to its average volume of 2,525,792. Welltower has a fifty-two week low of $72.47 and a fifty-two week high of $98.19. The company has a market capitalization of $56.86 billion, a P/E ratio of 149.71, a P/E/G ratio of 2.39 and a beta of 1.08. The company has a debt-to-equity ratio of 0.60, a current ratio of 3.22 and a quick ratio of 3.22. The business’s fifty day simple moving average is $92.11 and its 200-day simple moving average is $89.54.

Welltower (NYSE:WELL) last issued its earnings results on Monday, April 29th. The real estate investment trust reported $0.22 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.94 by ($0.72). The business had revenue of $1.86 billion during the quarter, compared to the consensus estimate of $1.81 billion. Welltower had a net margin of 5.12% and a return on equity of 1.47%. The firm’s revenue for the quarter was up 19.2% compared to the same quarter last year. During the same period last year, the business posted $0.85 EPS. As a group, equities research analysts expect that Welltower will post 4.05 EPS for the current fiscal year.

Welltower Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 22nd. Shareholders of record on Monday, May 13th will be given a dividend of $0.61 per share. This represents a $2.44 annualized dividend and a dividend yield of 2.54%. Welltower’s payout ratio is 381.26%.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on WELL. BNP Paribas started coverage on Welltower in a report on Monday, March 18th. They issued an outperform rating and a $104.00 price objective for the company. StockNews.com cut Welltower from a hold rating to a sell rating in a report on Friday, March 29th. Mizuho raised their target price on shares of Welltower from $90.00 to $98.00 and gave the stock a buy rating in a report on Wednesday, January 3rd. Scotiabank dropped their price objective on shares of Welltower from $97.00 to $96.00 and set a sector outperform rating on the stock in a report on Monday, March 4th. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on Welltower in a report on Tuesday, January 30th. They set a buy rating and a $115.00 target price for the company. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, nine have assigned 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 target price of $95.57.

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.