Welltower (NYSE:WELL) Updates FY 2024 Earnings Guidance

Welltower (NYSE:WELL - Get Free Report) updated its FY 2024 earnings guidance on Monday. The company provided EPS guidance of 4.270-4.330 for the period, compared to the consensus EPS estimate of 4.190. The company issued revenue guidance of -. Welltower also updated its FY24 guidance to $4.27-$4.33 EPS.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the company. Deutsche Bank Aktiengesellschaft boosted their target price on Welltower from $115.00 to $137.00 and gave the stock a "buy" rating in a research report on Wednesday, August 21st. Scotiabank increased their target price on Welltower from $121.00 to $133.00 and gave the company a "sector outperform" rating in a research report on Monday, September 23rd. Wedbush boosted their price target on shares of Welltower from $100.00 to $120.00 and gave the stock a "neutral" rating in a research report on Monday, August 5th. Wolfe Research upgraded shares of Welltower to a "strong-buy" rating in a research report on Friday, August 9th. Finally, Morgan Stanley lifted their price objective on shares of Welltower from $103.00 to $107.50 and gave the stock an "overweight" rating in a research note on Thursday, July 11th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, seven have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $115.38.

Welltower Stock Up 0.3 %

NYSE WELL traded up $0.37 on Monday, reaching $130.57. 2,273,655 shares of the stock traded hands, compared to its average volume of 2,672,154. The company has a market cap of $78.07 billion, a price-to-earnings ratio of 161.20, a PEG ratio of 2.91 and a beta of 1.21. The company has a debt-to-equity ratio of 0.47, a quick ratio of 4.07 and a current ratio of 4.07. Welltower has a 12 month low of $80.80 and a 12 month high of $132.66. The company has a fifty day moving average price of $125.93 and a 200-day moving average price of $111.38.

Welltower (NYSE:WELL - Get Free Report) last issued its quarterly earnings data on Monday, July 29th. The real estate investment trust reported $0.42 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.34 by $0.08. The firm had revenue of $1.82 billion for the quarter, compared to the consensus estimate of $1.89 billion. Welltower had a net margin of 8.36% and a return on equity of 2.21%. The company's quarterly revenue was up 9.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.90 EPS. As a group, research analysts forecast that Welltower will post 4.19 EPS for the current fiscal year.

About Welltower

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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