Welltower (NYSE:WELL) Posts Earnings Results, Misses Expectations By $0.72 EPS

Welltower (NYSE:WELL) posted its quarterly earnings results on Monday. The real estate investment trust reported $0.22 earnings per share for the quarter, missing analysts’ consensus estimates of $0.94 by ($0.72), RTT News reports. Welltower had a return on equity of 1.77% and a net margin of 6.37%. The firm had revenue of $1.86 billion for the quarter, compared to analysts’ expectations of $1.81 billion. During the same period last year, the business earned $0.85 earnings per share. The firm’s revenue for the quarter was up 19.2% on a year-over-year basis. Welltower updated its FY24 guidance to $4.02-4.15 EPS and its FY 2024 guidance to 4.020-4.150 EPS.

Welltower Stock Down 1.0 %

Shares of Welltower stock opened at $94.36 on Thursday. The company has a quick ratio of 3.22, a current ratio of 3.83 and a debt-to-equity ratio of 0.50. Welltower has a 12 month low of $72.47 and a 12 month high of $98.19. The business has a fifty day simple moving average of $92.17 and a 200 day simple moving average of $89.65. The stock has a market cap of $55.77 billion, a PE ratio of 116.49, a price-to-earnings-growth ratio of 2.41 and a beta of 1.07.

Welltower Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 22nd. Investors of record on Monday, May 13th will be paid a dividend of $0.61 per share. The ex-dividend date of this dividend is Friday, May 10th. This represents a $2.44 dividend on an annualized basis and a dividend yield of 2.59%. Welltower’s dividend payout ratio (DPR) is presently 301.23%.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on WELL shares. BNP Paribas started coverage on Welltower in a report on Monday, March 18th. They set an “outperform” rating and a $104.00 price objective on the stock. StockNews.com lowered Welltower from a “hold” rating to a “sell” rating in a report on Friday, March 29th. KeyCorp raised their target price on Welltower from $90.00 to $95.00 and gave the company an “overweight” rating in a report on Friday, January 5th. Mizuho raised their target price on Welltower from $90.00 to $98.00 and gave the company a “buy” rating in a report on Wednesday, January 3rd. Finally, Scotiabank decreased their price objective on Welltower from $97.00 to $96.00 and set a “sector outperform” rating on the stock in a report on Monday, March 4th. One analyst has rated the stock with a sell rating, four have issued a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company has an average 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.