Welltower (NYSE:WELL) Issues Q2 2022 Earnings Guidance

Welltower (NYSE:WELLGet Rating) issued an update on its second quarter 2022 earnings guidance on Tuesday morning. The company provided EPS guidance of $0.82-$0.87 for the period. The company issued revenue guidance of -.

Welltower stock traded down $1.26 during midday trading on Tuesday, hitting $85.80. The stock had a trading volume of 3,375,047 shares, compared to its average volume of 2,355,265. The firm’s fifty day moving average is $93.21 and its two-hundred day moving average is $87.13. The company has a market capitalization of $38.95 billion, a PE ratio of 110.27, a P/E/G ratio of 3.09 and a beta of 0.98. Welltower has a 52-week low of $70.74 and a 52-week high of $99.43. The company has a current ratio of 2.09, a quick ratio of 2.09 and a debt-to-equity ratio of 0.76.

Welltower (NYSE:WELLGet Rating) last announced its quarterly earnings data on Tuesday, February 15th. The real estate investment trust reported $0.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.02). Welltower had a net margin of 7.09% and a return on equity of 2.19%. During the same quarter in the previous year, the business earned $0.84 EPS. As a group, equities research analysts predict that Welltower will post 3.54 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 8th. Shareholders of record on Tuesday, March 1st were issued a dividend of $0.61 per share. This represents a $2.44 dividend on an annualized basis and a yield of 2.84%. The ex-dividend date was Monday, February 28th. Welltower’s dividend payout ratio (DPR) is currently 312.82%.

WELL has been the subject of a number of research reports. Royal Bank of Canada increased their target price on Welltower from $93.00 to $97.00 and gave the company an outperform rating in a research report on Wednesday, March 9th. Mizuho increased their target price on Welltower from $94.00 to $96.00 and gave the company a buy rating in a research report on Monday, March 21st. Raymond James increased their target price on Welltower from $100.00 to $105.00 and gave the company a strong-buy rating in a research report on Friday, March 18th. StockNews.com upgraded Welltower from a sell rating to a hold rating in a research report on Sunday, April 3rd. Finally, Barclays raised their price target on Welltower from $92.00 to $95.00 and gave the stock an overweight rating in a research report on Thursday, March 10th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, twelve have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of Buy and an average price target of $96.75.

Large investors have recently made changes to their positions in the business. Zullo Investment Group Inc. acquired a new position in Welltower in the fourth quarter valued at approximately $30,000. Raleigh Capital Management Inc. purchased a new stake in shares of Welltower in the fourth quarter valued at approximately $42,000. Horizon Investments LLC increased its position in shares of Welltower by 9.3% in the fourth quarter. Horizon Investments LLC now owns 3,134 shares of the real estate investment trust’s stock valued at $269,000 after buying an additional 266 shares in the last quarter. NEXT Financial Group Inc increased its position in shares of Welltower by 19.6% in the fourth quarter. NEXT Financial Group Inc now owns 3,198 shares of the real estate investment trust’s stock valued at $274,000 after buying an additional 523 shares in the last quarter. Finally, Sequoia Financial Advisors LLC purchased a new stake in shares of Welltower in the fourth quarter valued at approximately $333,000. 93.79% of the stock is owned by institutional investors.

About Welltower (Get Rating)

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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