Welltower (NYSE:WELL) Announces 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 for the quarter, missing the consensus estimate of $0.94 by ($0.72), RTT News reports. The company had revenue of $1.86 billion for the quarter, compared to analysts’ expectations of $1.81 billion. Welltower had a net margin of 5.12% and a return on equity of 1.47%. The company’s revenue was up 19.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.85 earnings per share. Welltower updated its FY24 guidance to $4.02-4.15 EPS and its FY 2024 guidance to 4.020-4.150 EPS.

Welltower Stock Up 1.6 %

Welltower stock opened at $95.81 on Tuesday. The firm has a market cap of $56.63 billion, a price-to-earnings ratio of 149.71, a PEG ratio of 2.39 and a beta of 1.08. The stock has a fifty day simple moving average of $92.11 and a two-hundred day simple moving average of $89.54. Welltower has a 12 month low of $72.47 and a 12 month high of $95.83. The company has a current ratio of 3.22, a quick ratio of 3.22 and a debt-to-equity ratio of 0.60.

Welltower Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 22nd. Shareholders 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 dividend yield of 2.55%. Welltower’s payout ratio is 381.26%.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on WELL. KeyCorp increased 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. Scotiabank dropped their price objective on Welltower from $97.00 to $96.00 and set a “sector outperform” rating for the company in a report on Monday, March 4th. Mizuho increased their price objective on Welltower from $90.00 to $98.00 and gave the stock a “buy” rating in a report on Wednesday, January 3rd. BNP Paribas started coverage on Welltower in a report on Monday, March 18th. They issued an “outperform” rating and a $104.00 price objective for the company. Finally, Deutsche Bank Aktiengesellschaft started coverage on Welltower in a report on Tuesday, January 30th. They issued a “buy” rating and a $115.00 price objective for the company. One equities research 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 company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus 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.