Welltower (NYSE:WELL) Releases Q2 2021 Earnings Guidance

Welltower (NYSE:WELL) updated its second quarter 2021 earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of $0.750-0.790 for the period. The company issued revenue guidance of -.Welltower also updated its Q2 guidance to $0.75-0.79 EPS.

A number of equities analysts recently issued reports on the company. Bank of America upgraded Welltower from a neutral rating to a buy rating and raised their target price for the stock from $73.00 to $78.00 in a research note on Tuesday, March 30th. KeyCorp lifted their price objective on Welltower from $75.00 to $80.00 and gave the company an overweight rating in a research note on Thursday, April 15th. Royal Bank of Canada upgraded Welltower from a sector perform rating to an outperform rating and lifted their price objective for the company from $70.00 to $82.00 in a research note on Monday, May 3rd. Mizuho lifted their price objective on Welltower from $60.00 to $70.00 and gave the company a neutral rating in a research note on Wednesday, April 28th. Finally, Morgan Stanley lifted their price objective on Welltower from $76.00 to $79.00 and gave the company an overweight rating in a research note on Wednesday, April 7th. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and nine have assigned a buy rating to the company. The stock presently has an average rating of Hold and a consensus price target of $67.71.

WELL stock traded up $0.30 during trading on Thursday, hitting $79.14. The stock had a trading volume of 2,015,979 shares, compared to its average volume of 2,096,848. The company has a debt-to-equity ratio of 0.87, a current ratio of 3.89 and a quick ratio of 3.89. Welltower has a twelve month low of $47.18 and a twelve month high of $79.41. The stock has a market cap of $33.04 billion, a PE ratio of 45.27, a P/E/G ratio of 5.56 and a beta of 1.04. The business’s 50-day moving average price is $74.89.

Welltower (NYSE:WELL) last posted its quarterly earnings data on Wednesday, April 28th. The real estate investment trust reported $0.17 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.75 by ($0.58). Welltower had a return on equity of 5.66% and a net margin of 16.82%. The firm had revenue of $1.05 billion during the quarter, compared to analyst estimates of $1.06 billion. During the same quarter in the previous year, the firm posted $1.02 earnings per share. The company’s quarterly revenue was down 16.4% on a year-over-year basis. As a group, equities analysts anticipate that Welltower will post 3.04 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 20th. Investors of record on Tuesday, May 11th were issued a $0.61 dividend. This represents a $2.44 annualized dividend and a yield of 3.08%. The ex-dividend date of this dividend was Monday, May 10th. Welltower’s payout ratio is 68.54%.

Welltower Company Profile

Welltower Inc (NYSE:WELL), an S&P 500 company headquartered in Toledo, Ohio, is driving the transformation of health care infrastructure. The Company 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.

Featured Story: What is the S&P/ASX 200 Index?

Earnings History and Estimates for Welltower (NYSE:WELL)

Receive News & Ratings for Welltower Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Welltower and related companies with MarketBeat.com's FREE daily email newsletter.