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 Trading Up 1.6 %

Shares of WELL traded up $1.47 during midday trading on Monday, hitting $95.81. 2,607,881 shares of the stock were exchanged, compared to its average volume of 2,542,753. Welltower has a 52-week low of $72.47 and a 52-week high of $95.83. The stock has a fifty day simple moving average of $92.06 and a 200 day simple moving average of $89.47. The firm has a market cap of $56.63 billion, a P/E ratio of 148.69, 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 quick ratio of 3.22 and a current ratio of 3.22.

Welltower (NYSE:WELL) last released its earnings results on Tuesday, February 13th. The real estate investment trust reported $0.15 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.94 by ($0.79). The company had revenue of $1.75 billion during the quarter, compared to analysts’ expectations of $1.72 billion. Welltower had a net margin of 5.12% and a return on equity of 1.47%. The company’s revenue for the quarter was up 15.2% on a year-over-year basis. During the same quarter last year, the business posted $0.83 earnings per share. On average, research analysts anticipate that Welltower will post 4.05 EPS for the current fiscal year.

Welltower Announces Dividend

The business also recently announced 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 yield of 2.55%. Welltower’s dividend payout ratio (DPR) is presently 381.25%.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. BNP Paribas assumed coverage on Welltower in a report on Monday, March 18th. They issued an outperform rating and a $104.00 target price for the company. KeyCorp raised their price target on Welltower from $90.00 to $95.00 and gave the company an overweight rating in a research note on Friday, January 5th. StockNews.com cut Welltower from a hold rating to a sell rating in a research note on Friday, March 29th. Deutsche Bank Aktiengesellschaft initiated coverage on Welltower in a research note on Tuesday, January 30th. They issued a buy rating and a $115.00 price target on the stock. Finally, Mizuho raised their price target on Welltower from $90.00 to $98.00 and gave the company a buy rating in a research note on Wednesday, January 3rd. One investment analyst has rated the stock with a sell rating, four have given a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Welltower presently has a consensus rating of Moderate Buy and a consensus price target 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.