Wedbush Has Optimistic Outlook of Welltower FY2024 Earnings

Welltower Inc. (NYSE:WELL) – Equities researchers at Wedbush increased their FY2024 earnings per share estimates for shares of Welltower in a report released on Monday, November 4th. Wedbush analyst R. Anderson now forecasts that the real estate investment trust will earn $4.31 per share for the year, up from their prior estimate of $4.20. Wedbush has a “Neutral” rating and a $120.00 price objective on the stock. The consensus estimate for Welltower’s current full-year earnings is $4.31 per share. Wedbush also issued estimates for Welltower’s Q4 2024 earnings at $1.13 EPS and FY2025 earnings at $4.71 EPS.

A number of other research analysts have also weighed in on WELL. Deutsche Bank Aktiengesellschaft raised their price objective on Welltower from $115.00 to $137.00 and gave the company a “buy” rating in a research report on Wednesday, August 21st. Wells Fargo & Company restated an “equal weight” rating and set a $135.00 price objective (up previously from $134.00) on shares of Welltower in a research report on Tuesday, October 1st. Scotiabank increased their price target on shares of Welltower from $121.00 to $133.00 and gave the company a “sector outperform” rating in a report on Monday, September 23rd. StockNews.com raised shares of Welltower from a “sell” rating to a “hold” rating in a report on Wednesday, October 30th. Finally, Wolfe Research raised shares of Welltower to a “strong-buy” rating in a report on Friday, August 9th. Five investment analysts have rated the stock with a hold rating, seven have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $115.38.

Welltower Trading Down 1.1 %

Shares of Welltower stock opened at $133.67 on Tuesday. The firm has a market cap of $83.23 billion, a price-to-earnings ratio of 87.94, a PEG ratio of 2.92 and a beta of 1.20. The business has a 50-day moving average price of $128.26 and a 200-day moving average price of $113.45. The company has a quick ratio of 4.10, a current ratio of 4.10 and a debt-to-equity ratio of 0.51. Welltower has a twelve month low of $84.38 and a twelve month high of $139.80.

Welltower (NYSE:WELL) last issued its quarterly earnings data on Monday, October 28th. The real estate investment trust reported $0.73 earnings per share 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 analysts’ expectations of $1.95 billion. Welltower had a net margin of 12.22% and a return on equity of 3.20%. The company’s revenue for the quarter was up 23.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.92 EPS.

Welltower Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, November 21st. Shareholders of record on Wednesday, November 13th will be paid a $0.67 dividend. This represents a $2.68 annualized dividend and a yield of 2.00%. The ex-dividend date of this dividend is Wednesday, November 13th. Welltower’s payout ratio is currently 176.32%.

Institutional Trading of Welltower

Several institutional investors have recently added to or reduced their stakes in WELL. Capital International Investors raised its stake in shares of Welltower by 26.4% during the first quarter. Capital International Investors now owns 29,236,326 shares of the real estate investment trust’s stock valued at $2,731,842,000 after acquiring an additional 6,104,064 shares in the last quarter. Zimmer Partners LP bought a new stake in shares of Welltower during the first quarter valued at approximately $309,917,000. Vanguard Group Inc. raised its stake in shares of Welltower by 3.8% during the first quarter. Vanguard Group Inc. now owns 89,187,884 shares of the real estate investment trust’s stock valued at $8,333,716,000 after acquiring an additional 3,257,213 shares in the last quarter. Duff & Phelps Investment Management Co. bought a new stake in shares of Welltower during the second quarter valued at approximately $254,977,000. Finally, Centersquare Investment Management LLC raised its stake in shares of Welltower by 19.0% during the first quarter. Centersquare Investment Management LLC now owns 5,329,248 shares of the real estate investment trust’s stock valued at $507,771,000 after acquiring an additional 849,898 shares in the last quarter. Institutional investors own 94.80% of the company’s stock.

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.