Welltower (WELL) Scheduled to Post Earnings on Monday

Welltower (NYSE:WELL) is set to release its earnings data after the market closes on Monday, April 29th. Analysts expect Welltower to post earnings of $0.94 per share for the quarter. Welltower has set its FY24 guidance at $3.94-4.10 EPS and its FY 2024 guidance at 3.940-4.100 EPS.Parties that wish to register for the company’s conference call can do so using this link.

Welltower (NYSE:WELL) last issued its quarterly earnings results on Tuesday, February 13th. The real estate investment trust reported $0.15 earnings per share for the quarter, missing the consensus estimate of $0.94 by ($0.79). The business had revenue of $1.75 billion for the quarter, compared to analysts’ expectations of $1.72 billion. Welltower had a return on equity of 1.47% and a net margin of 5.12%. The company’s revenue was up 15.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.83 EPS. On average, analysts expect Welltower to post $4 EPS for the current fiscal year and $5 EPS for the next fiscal year.

Welltower Trading Up 0.4 %

Shares of Welltower stock opened at $94.34 on Friday. The company’s fifty day simple moving average is $92.06 and its 200-day simple moving average is $89.40. The stock has a market capitalization of $55.76 billion, a PE ratio of 147.41, a P/E/G ratio of 2.38 and a beta of 1.08. Welltower has a 1-year low of $72.47 and a 1-year high of $94.99. The company has a debt-to-equity ratio of 0.60, a current ratio of 3.22 and a quick ratio of 3.22.

Welltower Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 7th. Stockholders of record on Friday, February 23rd were paid a dividend of $0.61 per share. This represents a $2.44 annualized dividend and a dividend yield of 2.59%. The ex-dividend date was Thursday, February 22nd. Welltower’s dividend payout ratio is presently 381.26%.

Wall Street Analysts Forecast Growth

WELL has been the topic of several analyst reports. Scotiabank dropped their price target on shares of Welltower from $97.00 to $96.00 and set a “sector outperform” rating on the stock in a research note on Monday, March 4th. StockNews.com cut shares of Welltower from a “hold” rating to a “sell” rating in a research note on Friday, March 29th. BNP Paribas assumed coverage on shares of Welltower in a research report on Monday, March 18th. They set an “outperform” rating and a $104.00 price objective on the stock. KeyCorp raised 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. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on shares of Welltower in a research report on Tuesday, January 30th. They set a “buy” rating and a $115.00 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 given a strong buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target 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.