Welltower (NYSE:WELL) updates 3Q 2022 earnings guidance

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Welltower (NYSE: WELL – Get a score) on Tuesday morning issued an update on its Q3 2022 earnings guidance. The company provided EPS guidance of $0.82 to $0.87 for the period. The company issued revenue guidance of -.

Welltower Stock Performance

WELL opened at $81.69 on Tuesday. The stock’s 50-day simple moving average is $82.12, and its 200-day simple moving average is $86.92. Welltower has a one year low of $76.56 and a one year high of $99.43. The stock has a market cap of $37.08 billion, a PE ratio of 91.79, a P/E/G ratio of 4.15 and a beta of 0.96. The company has a current ratio of 2.19, a quick ratio of 2.19, and a debt-to-equity ratio of 0.77.

Welltower (NYSE: WELL – Get a score) last released its quarterly earnings data on Tuesday, August 9th. The real estate investment trust reported $0.20 EPS for the quarter, missing analysts’ consensus estimates of $0.85 by ($0.65). Welltower had a return on equity of 2.09% and a net margin of 7.20%. The business had revenue of $1.47 billion during the quarter, compared to analyst estimates of $1.42 billion. During the same period last year, the company posted $0.79 EPS. Welltower’s revenue for the quarter was up 29.1% compared to the same quarter last year. sell-side analysts anticipate that Welltower will post 3.47 EPS for the current year.

Welltower Dividend Announcement

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The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 31st. Investors of record on Tuesday, August 23rd will be paid a dividend of $0.61 per share. The ex-dividend date is Monday, August 22. This represents an annual dividend of $2.44 and a dividend yield of 2.99%. Welltower’s payout ratio is currently 274.16%.

Analysts set new price targets

WELL has been the subject of several recent research reports. KeyCorp cut their price target on Welltower from $98.00 to $95.00 and set an overweight rating for the company in a research report on Thursday, July 7th. Credit Suisse Group raised Welltower from a neutral rating to an outperform rating and upped their price target for the company from $92.00 to $100.00 in a research report on Wednesday, May 18th . StockNews.com cut Welltower from a hold rating to a sell rating in a research report on Saturday, July 23rd. Deutsche Bank Aktiengesellschaft decreased their price objective on Welltower from $108.00 to $100.00 and set a buy rating for the company in a research report on Wednesday, July 13th. Finally, Capital One Financial began coverage on Welltower in a research report on Friday, June 3rd. They issued an overweight rating and a $95.00 price objective for the company. One investment analyst has rated the stock with a sell rating, two have given a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the stock. Welltower presently has an average rating of Moderate Buy and an average price target of $96.27, according to MarketBeat .

Welltower Institutional Trading

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

About Welltower

(Get a score)

Welltower Inc (NYSE:WELL), an S&P 500 company based in Toledo, Ohio, is driving healthcare infrastructure transformation. The company invests with leading senior 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 well-being and overall experience of healthcare.

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Welltower (NYSE:WELL) Earnings History and Estimates

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About the Author: Chaz Cutler

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