Welltower (NYSE:WELL) Posts Earnings Results

Welltower (NYSE:WELL) released its quarterly earnings results on Monday. The real estate investment trust reported $0.61 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.64 by ($0.03), FiscalAI reports. The company had revenue of $3.54 billion for the quarter, compared to the consensus estimate of $3.40 billion. Welltower had a return on equity of 3.45% and a net margin of 11.96%.

Welltower Stock Performance

Welltower stock traded down $3.27 on Monday, hitting $248.80. The company’s stock had a trading volume of 2,022,561 shares, compared to its average volume of 3,243,346. The firm has a market cap of $175.63 billion, a P/E ratio of 123.17, a price-to-earnings-growth ratio of 1.24 and a beta of 0.77. The company has a fifty day moving average price of $221.76 and a 200-day moving average price of $209.01. Welltower has a one year low of $158.24 and a one year high of $252.94. The company has a quick ratio of 4.31, a current ratio of 4.31 and a debt-to-equity ratio of 0.40.

Welltower Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 21st. Shareholders of record on Wednesday, May 13th were paid a dividend of $0.74 per share. The ex-dividend date was Wednesday, May 13th. This represents a $2.96 dividend on an annualized basis and a yield of 1.2%. Welltower’s payout ratio is currently 146.53%.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Swiss RE Ltd. bought a new position in Welltower during the 4th quarter valued at about $29,000. Quarry LP bought a new stake in shares of Welltower during the third quarter worth $33,000. Kemnay Advisory Services Inc. acquired a new stake in shares of Welltower in the fourth quarter valued at $51,000. Prosperity Bancshares Inc acquired a new stake in shares of Welltower in the fourth quarter valued at $64,000. Finally, Greenline Wealth Management LLC bought a new position in shares of Welltower in the fourth quarter valued at about $65,000. 94.80% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on WELL. Barclays initiated coverage on Welltower in a report on Tuesday, July 7th. They issued an “equal weight” rating and a $254.00 target price for the company. Wells Fargo & Company raised their target price on shares of Welltower from $228.00 to $237.00 and gave the company an “overweight” rating in a research note on Monday, June 1st. Mizuho lifted their target price on shares of Welltower from $239.00 to $260.00 and gave the stock an “outperform” rating in a report on Wednesday, July 22nd. Wall Street Zen upgraded shares of Welltower from a “sell” rating to a “hold” rating in a report on Saturday, May 2nd. Finally, Deutsche Bank Aktiengesellschaft raised their target price on Welltower from $215.00 to $265.00 and gave the company a “buy” rating in a report on Wednesday, July 1st. Thirteen analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, Welltower has an average rating of “Moderate Buy” and an average target price of $235.89.

About Welltower

Welltower Inc (NYSE: WELL) is a real estate investment trust (REIT) that acquires and manages real estate serving the health care industry. The company specializes in healthcare infrastructure, owning and operating a diversified portfolio of senior housing, post-acute and long-term care communities, and outpatient medical properties. Welltower’s assets are designed to support the delivery of health care services through a combination of leased properties, joint ventures, and other capital arrangements with health care operators and providers.

The company’s property types include assisted living, memory care, independent living and skilled nursing facilities, as well as medical office buildings and other outpatient-care real estate such as ambulatory surgery centers and specialty clinics.