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

Welltower (NYSE:WELL) issued its earnings results on Monday. 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), RTT News reports. Welltower had a net margin of 5.12% and a return on equity of 1.47%. The company had revenue of $1.86 billion during the quarter, compared to analyst estimates of $1.81 billion. During the same quarter in the previous year, the company posted $0.85 EPS. The company’s quarterly revenue 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 Trading Up 1.5 %

Shares of Welltower stock opened at $95.78 on Tuesday. Welltower has a fifty-two week low of $72.47 and a fifty-two week high of $95.83. The business’s fifty day moving average is $92.11 and its two-hundred day moving average is $89.54. The company has a quick ratio of 3.22, a current ratio of 3.22 and a debt-to-equity ratio of 0.60. The firm has a market cap of $56.61 billion, a PE ratio of 149.71, a P/E/G ratio of 2.39 and a beta of 1.08.

Welltower Announces Dividend

The company 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. This represents a $2.44 annualized dividend and a dividend yield of 2.55%. Welltower’s payout ratio is 381.26%.

Wall Street Analyst Weigh In

A number of research firms have commented on WELL. BNP Paribas initiated coverage on shares of Welltower in a research note on Monday, March 18th. They issued an “outperform” rating and a $104.00 price objective on the stock. KeyCorp upped their price objective on Welltower from $90.00 to $95.00 and gave the company an “overweight” rating in a research note on Friday, January 5th. Deutsche Bank Aktiengesellschaft assumed coverage on Welltower in a research note on Tuesday, January 30th. They issued a “buy” rating and a $115.00 target price on the stock. Scotiabank cut their price target on Welltower from $97.00 to $96.00 and set a “sector outperform” rating for the company in a research note on Monday, March 4th. Finally, Mizuho lifted their price objective on shares of Welltower from $90.00 to $98.00 and gave the company a “buy” rating in a research report on Wednesday, January 3rd. One analyst has rated the stock with a sell rating, four have issued a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average 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.