Welltower (NYSE:WELL) Issues FY 2024 Earnings Guidance

Welltower (NYSE:WELL) 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.

Welltower Trading Up 0.3 %

WELL stock traded up $0.37 during trading on Monday, reaching $130.57. 2,273,655 shares of the stock were exchanged, compared to its average volume of 2,672,154. The business has a 50 day moving average price of $125.93 and a 200-day moving average price of $111.38. Welltower has a 1 year low of $80.80 and a 1 year high of $132.66. 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 market capitalization of $78.07 billion, a price-to-earnings ratio of 161.20, a P/E/G ratio of 2.91 and a beta of 1.21.

Welltower (NYSE:WELL) last released its quarterly earnings data on Monday, July 29th. The real estate investment trust reported $0.42 EPS for the quarter, beating analysts’ consensus estimates of $0.34 by $0.08. The firm had revenue of $1.82 billion for the quarter, compared to analysts’ expectations of $1.89 billion. Welltower had a return on equity of 2.21% and a net margin of 8.36%. The firm’s quarterly revenue was up 9.6% on a year-over-year basis. During the same period in the prior year, the firm posted $0.90 earnings per share. On average, research analysts predict that Welltower will post 4.19 earnings per share for the current year.

Analyst Upgrades and Downgrades

WELL has been the subject of a number of research analyst reports. Deutsche Bank Aktiengesellschaft increased their price target on Welltower from $115.00 to $137.00 and gave the stock a “buy” rating in a report on Wednesday, August 21st. Wolfe Research upgraded shares of Welltower to a “strong-buy” rating in a research report on Friday, August 9th. Wedbush raised their price objective on shares of Welltower from $100.00 to $120.00 and gave the company a “neutral” rating in a research note on Monday, August 5th. Royal Bank of Canada lifted their price objective on shares of Welltower from $101.00 to $114.00 and gave the company a “sector perform” rating in a report on Friday, August 9th. Finally, KeyCorp increased their target price on shares of Welltower from $95.00 to $115.00 and gave the stock an “overweight” rating in a report on Tuesday, July 2nd. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, seven have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, Welltower presently has a consensus rating of “Moderate Buy” and an average target price of $115.38.

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.