Welltower (WELL) Set to Announce Quarterly Earnings on Monday

Welltower (NYSE:WELL) is set to announce its earnings results after the market closes on Monday, July 29th. Analysts expect the company to announce earnings of $1.00 per share for the quarter. Welltower has set its FY24 guidance at $4.02-4.15 EPS and its FY 2024 guidance at 4.020-4.150 EPS.Investors that wish to register for the company’s conference call can do so using this link.

Welltower (NYSE:WELL) last posted its quarterly earnings data on Monday, April 29th. The real estate investment trust reported $0.22 EPS for the quarter, missing analysts’ consensus estimates of $0.94 by ($0.72). The business had revenue of $1.86 billion during the quarter, compared to the consensus estimate of $1.81 billion. Welltower had a return on equity of 1.77% and a net margin of 6.37%. The company’s revenue for the quarter was up 19.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.85 earnings per share. On average, analysts expect Welltower to post $4 EPS for the current fiscal year and $5 EPS for the next fiscal year.

Welltower Trading Up 1.2 %

Welltower stock opened at $109.78 on Friday. The company has a debt-to-equity ratio of 0.50, a quick ratio of 3.83 and a current ratio of 3.83. The business’s 50-day simple moving average is $104.21 and its 200-day simple moving average is $96.31. The firm has a market capitalization of $65.64 billion, a PE ratio of 135.53, a PEG ratio of 2.67 and a beta of 1.18. Welltower has a 52 week low of $78.38 and a 52 week high of $111.85.

Welltower Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, May 22nd. Investors of record on Monday, May 13th were given a dividend of $0.61 per share. This represents a $2.44 dividend on an annualized basis and a yield of 2.22%. The ex-dividend date of this dividend was Friday, May 10th. Welltower’s dividend payout ratio (DPR) is presently 301.23%.

Wall Street Analyst Weigh In

A number of research firms have weighed in on WELL. KeyCorp lifted their price objective on Welltower from $95.00 to $115.00 and gave the company an “overweight” rating in a report on Tuesday, July 2nd. Scotiabank boosted their target price on Welltower from $96.00 to $108.00 and gave the stock a “sector outperform” rating in a report on Thursday, May 16th. Wells Fargo & Company boosted their target price on Welltower from $107.00 to $111.00 and gave the stock an “overweight” rating in a report on Thursday, May 30th. Evercore ISI boosted their target price on Welltower from $95.00 to $97.00 and gave the stock an “in-line” rating in a report on Tuesday, July 16th. Finally, Morgan Stanley boosted their target price on Welltower from $103.00 to $107.50 and gave the stock an “overweight” rating in a report on Thursday, July 11th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, nine have issued a buy rating and one has issued 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 target price of $101.32.

Insider Buying and Selling

In related news, Director Kenneth J. Bacon sold 1,800 shares of the company’s stock in a transaction on Tuesday, June 4th. The shares were sold at an average price of $103.91, for a total value of $187,038.00. Following the completion of the transaction, the director now directly owns 14,579 shares of the company’s stock, valued at approximately $1,514,903.89. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 0.12% of the company’s stock.

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.