Welltower (WELL) Set to Announce Quarterly Earnings on Monday

Welltower (NYSE:WELL) is scheduled to announce its earnings results after the market closes on Monday, April 29th. Analysts expect the company to announce earnings of $0.94 per share for the quarter. Welltower has set its FY24 guidance at $3.94-4.10 EPS and its FY 2024 guidance at 3.940-4.100 EPS.Investors that are interested in participating in the company’s conference call can do so using this link.

Welltower (NYSE:WELL) last posted its quarterly earnings results on Tuesday, February 13th. The real estate investment trust reported $0.15 EPS for the quarter, missing analysts’ consensus estimates of $0.94 by ($0.79). Welltower had a net margin of 5.12% and a return on equity of 1.47%. The firm had revenue of $1.75 billion for the quarter, compared to analysts’ expectations of $1.72 billion. During the same quarter in the previous year, the company earned $0.83 EPS. The company’s quarterly revenue was up 15.2% 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 Up 0.6 %

NYSE:WELL opened at $91.32 on Monday. The company’s 50 day moving average price is $91.83 and its 200-day moving average price is $89.11. Welltower has a 52 week low of $72.47 and a 52 week high of $94.63. 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 stock has a market cap of $53.97 billion, a price-to-earnings ratio of 142.69, a PEG ratio of 2.32 and a beta of 1.08.

Welltower Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, March 7th. Stockholders of record on Friday, February 23rd were issued a dividend of $0.61 per share. This represents a $2.44 dividend on an annualized basis and a dividend yield of 2.67%. The ex-dividend date was Thursday, February 22nd. Welltower’s payout ratio is 381.26%.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on WELL shares. Deutsche Bank Aktiengesellschaft started coverage on shares of Welltower in a research report on Tuesday, January 30th. They set a “buy” rating and a $115.00 price objective on the stock. Scotiabank lowered their price objective on shares of Welltower from $97.00 to $96.00 and set a “sector outperform” rating on the stock in a research report on Monday, March 4th. StockNews.com downgraded shares of Welltower from a “hold” rating to a “sell” rating in a research report on Friday, March 29th. BNP Paribas started coverage on shares of Welltower in a research report on Monday, March 18th. They set an “outperform” rating and a $104.00 price objective on the stock. Finally, Mizuho increased 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 assigned a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $95.57.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the business. Compass Wealth Management LLC purchased a new stake in shares of Welltower in the fourth quarter worth $26,000. First Capital Advisors Group LLC. purchased a new stake in shares of Welltower in the second quarter worth $26,000. Covestor Ltd increased its stake in shares of Welltower by 97.4% in the first quarter. Covestor Ltd now owns 298 shares of the real estate investment trust’s stock worth $29,000 after purchasing an additional 147 shares in the last quarter. Clear Street Markets LLC increased its stake in shares of Welltower by 188.5% in the fourth quarter. Clear Street Markets LLC now owns 577 shares of the real estate investment trust’s stock worth $38,000 after purchasing an additional 377 shares in the last quarter. Finally, LM Advisors LLC purchased a new stake in shares of Welltower in the fourth quarter worth $62,000. 94.80% of the stock is currently owned by institutional investors.

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.