Welltower Inc. (NYSE:WELL - Free Report) - Stock analysts at Wedbush raised their FY2024 earnings per share estimates for Welltower in a research report issued to clients and investors on Monday, November 4th. Wedbush analyst R. Anderson now anticipates that the real estate investment trust will post earnings per share of $4.31 for the year, up from their previous estimate of $4.20. Wedbush currently has a "Neutral" rating and a $120.00 price target on the stock. The consensus estimate for Welltower's current full-year earnings is $4.30 per share. Wedbush also issued estimates for Welltower's Q4 2024 earnings at $1.13 EPS and FY2025 earnings at $4.71 EPS.
Welltower (NYSE:WELL - Get Free Report) last announced its quarterly earnings results on Monday, October 28th. The real estate investment trust reported $0.73 EPS for the quarter, missing analysts' consensus estimates of $1.04 by ($0.31). The firm had revenue of $2.06 billion for the quarter, compared to the consensus estimate of $1.95 billion. Welltower had a net margin of 12.22% and a return on equity of 3.20%. Welltower's quarterly revenue was up 23.7% on a year-over-year basis. During the same period in the previous year, the company posted $0.92 earnings per share.
A number of other research firms also recently weighed in on WELL. Royal Bank of Canada boosted their target price 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. Morgan Stanley boosted their price objective on Welltower from $103.00 to $107.50 and gave the stock an "overweight" rating in a research note on Thursday, July 11th. Evercore ISI lifted their target price on Welltower from $106.00 to $114.00 and gave the stock an "in-line" rating in a report on Monday, September 16th. Scotiabank raised their price target on Welltower from $121.00 to $133.00 and gave the stock a "sector outperform" rating in a research report on Monday, September 23rd. Finally, StockNews.com raised shares of Welltower from a "sell" rating to a "hold" rating in a research note on Wednesday, October 30th. Five analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, Welltower has an average rating of "Moderate Buy" and a consensus price target of $115.38.
View Our Latest Report on Welltower
Welltower Price Performance
WELL traded up $0.81 during trading hours on Tuesday, hitting $135.12. The company's stock had a trading volume of 2,333,531 shares, compared to its average volume of 2,683,802. The stock has a market cap of $84.14 billion, a price-to-earnings ratio of 88.38, a P/E/G ratio of 2.91 and a beta of 1.20. The business's 50-day moving average price is $127.71 and its 200-day moving average price is $113.00. The company has a current ratio of 4.10, a quick ratio of 4.10 and a debt-to-equity ratio of 0.51. Welltower has a 12 month low of $84.38 and a 12 month high of $139.80.
Welltower Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Thursday, November 21st. Stockholders of record on Wednesday, November 13th will be given a dividend of $0.67 per share. This represents a $2.68 dividend on an annualized basis and a dividend yield of 1.98%. The ex-dividend date is Wednesday, November 13th. Welltower's payout ratio is 176.32%.
Institutional Inflows and Outflows
A number of institutional investors have recently added to or reduced their stakes in the business. Norden Group LLC bought a new stake in shares of Welltower in the 1st quarter valued at about $383,000. Janney Montgomery Scott LLC increased its position in shares of Welltower by 5.9% during the first quarter. Janney Montgomery Scott LLC now owns 54,666 shares of the real estate investment trust's stock worth $5,108,000 after purchasing an additional 3,035 shares in the last quarter. Fidelis Capital Partners LLC purchased a new stake in shares of Welltower during the 1st quarter valued at $144,000. Graypoint LLC boosted its position in shares of Welltower by 4.8% in the 1st quarter. Graypoint LLC now owns 2,687 shares of the real estate investment trust's stock worth $251,000 after purchasing an additional 122 shares in the last quarter. Finally, Whittier Trust Co. of Nevada Inc. grew its stake in Welltower by 5.8% during the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 3,210 shares of the real estate investment trust's stock worth $300,000 after buying an additional 177 shares during the last quarter. Hedge funds and other institutional investors own 94.80% of the company's stock.
About Welltower
(
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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.
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