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Welltower (NYSE:WELL) Releases Q2 2022 Earnings Guidance

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Welltower (NYSE:WELLGet Rating) updated its second quarter 2022 earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of $0.84-$0.87 for the period. The company issued revenue guidance of -.

A number of analysts have recently weighed in on WELL shares. Capital One Financial started coverage on shares of Welltower in a report on Friday, June 3rd. They set an overweight rating and a $95.00 price target for the company. KeyCorp upped their price target on shares of Welltower from $96.00 to $98.00 and gave the stock an overweight rating in a report on Friday, April 1st. Morgan Stanley upped their price target on shares of Welltower from $95.50 to $100.00 in a report on Thursday, March 17th. Raymond James upped their price target on shares of Welltower from $100.00 to $105.00 and gave the stock a strong-buy rating in a report on Friday, March 18th. Finally, Jefferies Financial Group lowered their price objective on shares of Welltower from $89.00 to $79.00 and set a hold rating for the company in a research report on Thursday, June 30th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Welltower presently has a consensus rating of Moderate Buy and an average target price of $97.50.

Shares of NYSE WELL opened at $83.21 on Tuesday. The firm has a market cap of $37.77 billion, a PE ratio of 110.95, a P/E/G ratio of 3.78 and a beta of 0.97. Welltower has a 12-month low of $76.56 and a 12-month high of $99.43. The company’s fifty day simple moving average is $86.10 and its 200 day simple moving average is $87.55. The company has a quick ratio of 2.13, a current ratio of 2.13 and a debt-to-equity ratio of 0.78.

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Welltower (NYSE:WELLGet Rating) last released its quarterly earnings data on Tuesday, May 10th. The real estate investment trust reported $0.14 earnings per share for the quarter, missing analysts’ consensus estimates of $0.82 by ($0.68). Welltower had a net margin of 6.42% and a return on equity of 1.81%. The business had revenue of $1.40 billion during the quarter, compared to the consensus estimate of $1.38 billion. During the same period last year, the business posted $0.80 earnings per share. The firm’s quarterly revenue was up 32.7% on a year-over-year basis. On average, equities analysts predict that Welltower will post 3.52 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, May 31st. Shareholders of record on Tuesday, May 24th were paid a $0.61 dividend. This represents a $2.44 dividend on an annualized basis and a dividend yield of 2.93%. The ex-dividend date of this dividend was Monday, May 23rd. Welltower’s dividend payout ratio (DPR) is 325.34%.

Several institutional investors have recently added to or reduced their stakes in WELL. Panagora Asset Management Inc. raised its holdings in shares of Welltower by 40.0% in the first quarter. Panagora Asset Management Inc. now owns 17,381 shares of the real estate investment trust’s stock valued at $1,671,000 after purchasing an additional 4,962 shares during the last quarter. Sequoia Financial Advisors LLC increased its holdings in Welltower by 35.4% during the first quarter. Sequoia Financial Advisors LLC now owns 5,254 shares of the real estate investment trust’s stock worth $505,000 after buying an additional 1,373 shares during the last quarter. Baird Financial Group Inc. increased its holdings in Welltower by 3.3% during the first quarter. Baird Financial Group Inc. now owns 31,094 shares of the real estate investment trust’s stock worth $2,989,000 after buying an additional 982 shares during the last quarter. Covestor Ltd increased its holdings in Welltower by 97.4% during the first quarter. Covestor Ltd now owns 298 shares of the real estate investment trust’s stock worth $29,000 after buying an additional 147 shares during the last quarter. Finally, West Family Investments Inc. purchased a new stake in Welltower during the first quarter worth about $220,000. 93.79% of the stock is currently owned by hedge funds and other 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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