Welltower (WELL) Set to Announce Earnings on Monday

Welltower (NYSE:WELL - Get Free Report) is scheduled to be posting its quarterly earnings results 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.Investors that are interested in participating in the company's conference call can do so using this link.

Welltower (NYSE:WELL - Get Free Report) last announced its earnings results on Monday, July 29th. The real estate investment trust reported $0.42 EPS for the quarter, topping the consensus estimate of $0.34 by $0.08. The business had revenue of $1.82 billion during the quarter, compared to analysts' expectations of $1.89 billion. Welltower had a net margin of 8.36% and a return on equity of 2.21%. The firm's revenue was up 9.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.90 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 Stock Down 1.6 %

Shares of NYSE WELL traded down $2.18 during mid-day trading on Monday, hitting $130.06. The company had a trading volume of 2,414,187 shares, compared to its average volume of 2,696,550. The company has a current ratio of 4.07, a quick ratio of 4.07 and a debt-to-equity ratio of 0.47. The firm has a 50-day simple moving average of $124.48 and a two-hundred day simple moving average of $109.98. The company has a market capitalization of $77.76 billion, a PE ratio of 160.57, a price-to-earnings-growth ratio of 2.87 and a beta of 1.21. Welltower has a one year low of $80.80 and a one year high of $132.54.

Welltower Increases Dividend

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

Wall Street Analyst Weigh In

A number of research analysts have recently commented on WELL shares. Evercore ISI lifted their price objective on shares of Welltower from $106.00 to $114.00 and gave the company an "in-line" rating in a research report on Monday, September 16th. Royal Bank of Canada increased their price target on Welltower from $101.00 to $114.00 and gave the company a "sector perform" rating in a research note on Friday, August 9th. Deutsche Bank Aktiengesellschaft raised their target price on shares of Welltower from $115.00 to $137.00 and gave the stock a "buy" rating in a research note on Wednesday, August 21st. Wells Fargo & Company reissued an "equal weight" rating and issued a $135.00 price target (up from $134.00) on shares of Welltower in a report on Tuesday, October 1st. Finally, Wolfe Research upgraded Welltower to a "strong-buy" rating in a research note on Friday, August 9th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, seven have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, Welltower currently has a consensus rating of "Moderate Buy" and a consensus price target 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.