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, October 28th. Analysts expect Welltower to post earnings of $1.04 per share for the quarter. Welltower has set its FY24 guidance at $4.13-4.21 EPS.Persons that are interested in participating in the company’s earnings conference call can do so using this link.

Welltower (NYSE:WELL) last issued its earnings results on Monday, July 29th. The real estate investment trust reported $0.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.34 by $0.08. Welltower had a net margin of 8.36% and a return on equity of 2.21%. The business had revenue of $1.82 billion for the quarter, compared to analysts’ expectations of $1.89 billion. During the same quarter in the previous year, the firm posted $0.90 EPS. The business’s revenue for the quarter was up 9.6% compared to the same quarter last year. On average, analysts expect Welltower to post $4 EPS for the current fiscal year and $5 EPS for the next fiscal year.

Welltower Trading Down 1.4 %

Shares of WELL stock opened at $130.20 on Friday. The company’s fifty day simple moving average is $125.34 and its two-hundred day simple moving average is $110.55. The company has a debt-to-equity ratio of 0.47, a current ratio of 4.07 and a quick ratio of 4.07. Welltower has a 1 year low of $80.80 and a 1 year high of $132.66. The stock has a market capitalization of $77.85 billion, a price-to-earnings ratio of 160.74, a PEG ratio of 2.87 and a beta of 1.21.

Welltower Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, August 21st. Shareholders of record on Monday, August 12th were issued a dividend of $0.67 per share. This is a boost from Welltower’s previous quarterly dividend of $0.61. The ex-dividend date of this dividend was Monday, August 12th. This represents a $2.68 dividend on an annualized basis and a yield of 2.06%. Welltower’s payout ratio is presently 330.86%.

Analysts Set New Price Targets

A number of brokerages have issued reports on WELL. Wedbush boosted their target price on shares of Welltower from $100.00 to $120.00 and gave the company a “neutral” rating in a report on Monday, August 5th. Deutsche Bank Aktiengesellschaft upped their price target on shares of Welltower from $115.00 to $137.00 and gave the stock a “buy” rating in a report on Wednesday, August 21st. StockNews.com cut shares of Welltower from a “hold” rating to a “sell” rating in a report on Monday, October 7th. Royal Bank of Canada upped their price target on shares of Welltower from $101.00 to $114.00 and gave the stock a “sector perform” rating in a report on Friday, August 9th. Finally, KeyCorp upped their price target on shares of Welltower from $95.00 to $115.00 and gave the stock an “overweight” rating in a report on Tuesday, July 2nd. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, seven have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $115.38.

Welltower Company Profile

Welltower Inc (NYSE:WELL), a real estate investment trust (“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 infrastructure needed to scale innovative care delivery models and improve people’s wellness and overall health care experience.