Welltower (NYSE:WELL) Updates Q4 2022 Earnings Guidance

Welltower (NYSE:WELLGet Rating) updated its fourth quarter 2022 earnings guidance on Monday. The company provided earnings per share (EPS) guidance of $0.80-$0.85 for the period. The company issued revenue guidance of -.

Welltower Price Performance

NYSE:WELL opened at $68.85 on Wednesday. Welltower has a 12-month low of $56.50 and a 12-month high of $99.43. The firm has a market capitalization of $32.53 billion, a price-to-earnings ratio of 149.68, a P/E/G ratio of 4.32 and a beta of 0.97. The stock’s 50 day moving average price is $64.01 and its two-hundred day moving average price is $75.99. The company has a quick ratio of 2.11, a current ratio of 2.11 and a debt-to-equity ratio of 0.75.

Welltower Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 30th. Investors of record on Friday, November 18th will be paid a $0.61 dividend. This represents a $2.44 dividend on an annualized basis and a yield of 3.54%. The ex-dividend date of this dividend is Thursday, November 17th. Welltower’s dividend payout ratio (DPR) is presently 530.45%.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on WELL shares. Raymond James downgraded shares of Welltower from a strong-buy rating to an outperform rating and decreased their price objective for the company from $81.00 to $70.00 in a report on Tuesday, November 1st. StockNews.com assumed coverage on Welltower in a report on Wednesday, October 12th. They issued a sell rating on the stock. KeyCorp lowered their price objective on Welltower from $95.00 to $80.00 and set an overweight rating on the stock in a research report on Monday, October 10th. Sumitomo Mitsui Financial Group cut shares of Welltower from an outperform rating to a neutral rating and set a $84.00 target price for the company. in a research report on Thursday, August 11th. Finally, Credit Suisse Group lowered their price target on shares of Welltower from $100.00 to $75.00 and set an outperform rating on the stock in a research report on Tuesday, November 1st. One analyst has rated the stock with a sell rating, four have issued a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat, Welltower currently has a consensus rating of Moderate Buy and a consensus target price of $81.69.

Institutional Trading of Welltower

A number of hedge funds have recently added to or reduced their stakes in WELL. Panagora Asset Management Inc. boosted its holdings in shares of Welltower by 40.0% during the 1st quarter. Panagora Asset Management Inc. now owns 17,381 shares of the real estate investment trust’s stock valued at $1,671,000 after acquiring an additional 4,962 shares in the last quarter. Sequoia Financial Advisors LLC lifted its holdings in shares of 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 purchasing an additional 1,373 shares during the period. Baird Financial Group Inc. lifted its holdings in shares of 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 purchasing an additional 982 shares during the period. Covestor Ltd grew its stake in shares of Welltower by 97.4% in the first quarter. Covestor Ltd now owns 298 shares of the real estate investment trust’s stock worth $29,000 after purchasing an additional 147 shares during the last quarter. Finally, West Family Investments Inc. acquired a new stake in Welltower in the first quarter valued at $220,000. Institutional investors and hedge funds own 97.68% of the company’s stock.

Welltower Company Profile

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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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