Welltower (WELL) Set to Announce Quarterly Earnings on Monday

Welltower (NYSE:WELL) is scheduled to release its earnings data after the market closes on Monday, July 29th. Analysts expect Welltower to post earnings of $1.00 per share for the quarter. Welltower has set its FY24 guidance at $4.02-4.15 EPS and its FY 2024 guidance at 4.020-4.150 EPS.Persons interested in registering for the company’s earnings conference call can do so using this link.

Welltower (NYSE:WELL) last issued its quarterly earnings data on Monday, April 29th. The real estate investment trust reported $0.22 EPS for the quarter, missing the consensus estimate of $0.94 by ($0.72). The company had revenue of $1.86 billion during the quarter, compared to analysts’ expectations of $1.81 billion. Welltower had a return on equity of 1.77% and a net margin of 6.37%. The business’s revenue for the quarter was up 19.2% compared to the same quarter last year. During the same period last year, the company earned $0.85 earnings per share. On average, analysts expect Welltower to post $4 EPS for the current fiscal year and $5 EPS for the next fiscal year.

Welltower Stock Performance

Shares of Welltower stock opened at $109.78 on Friday. The company has a market cap of $65.64 billion, a PE ratio of 135.53, a price-to-earnings-growth ratio of 2.67 and a beta of 1.18. Welltower has a 52 week low of $78.38 and a 52 week high of $111.85. The business has a 50 day moving average price of $104.21 and a 200-day moving average price of $96.31. The company has a quick ratio of 3.83, a current ratio of 3.83 and a debt-to-equity ratio of 0.50.

Welltower Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, May 22nd. Stockholders of record on Monday, May 13th were paid a $0.61 dividend. This represents a $2.44 annualized dividend and a dividend yield of 2.22%. The ex-dividend date of this dividend was Friday, May 10th. Welltower’s dividend payout ratio (DPR) is presently 301.23%.

Insiders Place Their Bets

In other Welltower news, Director Kenneth J. Bacon sold 1,800 shares of the stock in a transaction on Tuesday, June 4th. The stock was sold at an average price of $103.91, for a total transaction of $187,038.00. Following the sale, the director now owns 14,579 shares in the company, valued at $1,514,903.89. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 0.12% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. KeyCorp upped their target price on Welltower from $95.00 to $115.00 and gave the company an “overweight” rating in a report on Tuesday, July 2nd. Morgan Stanley upped their target price on Welltower from $103.00 to $107.50 and gave the company an “overweight” rating in a report on Thursday, July 11th. Mizuho upped their target price on Welltower from $98.00 to $105.00 and gave the company a “buy” rating in a report on Wednesday, May 8th. StockNews.com lowered Welltower from a “hold” rating to a “sell” rating in a report on Friday. Finally, Evercore ISI increased their price objective on Welltower from $95.00 to $97.00 and gave the company an “in-line” rating in a report on Tuesday, July 16th. 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 company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $101.32.

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.