Welltower (NYSE:WELL) Updates Q1 2021 Pre-Market Earnings Guidance

Welltower (NYSE:WELL) updated its first quarter 2021
Pre-Market earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of 0.76-0.76 for the period.

NYSE:WELL opened at $75.20 on Thursday. Welltower has a 12 month low of $36.08 and a 12 month high of $76.00. The company has a debt-to-equity ratio of 0.85, a current ratio of 3.32 and a quick ratio of 3.32. The firm has a market capitalization of $31.39 billion, a PE ratio of 23.72, a price-to-earnings-growth ratio of 5.10 and a beta of 0.87. The business’s fifty day moving average price is $71.26 and its 200 day moving average price is $63.56.

Welltower (NYSE:WELL) last released its quarterly earnings data on Tuesday, February 9th. The real estate investment trust reported $0.39 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.77 by ($0.38). Welltower had a return on equity of 8.64% and a net margin of 26.20%. The business had revenue of $1.12 billion for the quarter, compared to analyst estimates of $1.13 billion. During the same period in the prior year, the company posted $0.55 earnings per share. The company’s revenue was down 11.1% compared to the same quarter last year. As a group, equities analysts anticipate that Welltower will post 3.43 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Friday, February 26th. Investors of record on Monday, February 22nd were given a $0.61 dividend. This represents a $2.44 dividend on an annualized basis and a dividend yield of 3.24%. The ex-dividend date was Friday, February 19th. Welltower’s dividend payout ratio (DPR) is 58.65%.

Several equities analysts have issued reports on WELL shares. BMO Capital Markets restated a sell rating and issued a $62.00 price objective on shares of Welltower in a research note on Monday, January 25th. KeyCorp raised Welltower from a sector weight rating to an overweight rating and set a $70.00 price target on the stock in a research report on Monday, December 14th. Robert W. Baird increased their price objective on Welltower from $74.00 to $79.00 and gave the company an outperform rating in a report on Wednesday. Smith Barney Citigroup lifted their target price on shares of Welltower from $50.00 to $65.00 in a report on Tuesday, December 15th. Finally, Mizuho raised their price objective on shares of Welltower from $57.00 to $60.00 and gave the stock a neutral rating in a research report on Tuesday, February 9th. Two investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating and seven have assigned a buy rating to the company. The company currently has an average rating of Hold and a consensus target price of $62.50.

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.

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Earnings History and Estimates for Welltower (NYSE:WELL)

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