Welltower Inc. [WELL] stock is trading at $90.37, up 0.19%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The WELL shares have lost -0.08% over the last week, with a monthly amount drifted -2.68%, and not seem to be holding up well over a long-time horizon.
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On 10, April 2024, Welltower Announces Date of First Quarter 2024 Earnings Release, Conference Call and Webcast. In a post published today on Yahoo Finance, Welltower® Inc. (NYSE: WELL) today announced it will release first quarter 2024 financial results after the close of trading on the New York Stock Exchange on Monday, April 29, 2024. The Company will host a conference call and webcast on Tuesday, April 30, 2024, at 9:00 a.m. ET to discuss these results. The Company’s earnings release will be available in the Investors section of the Company’s website.
From an analyst’s perspective:
Welltower Inc. [NYSE: WELL] stock has seen the most recent analyst activity on March 18, 2024, when Exane BNP Paribas initiated its Outperform rating and assigned the stock a price target of $104. Previously, Deutsche Bank started tracking the stock with Buy rating on January 30, 2024, and set its price target to $115. On December 18, 2023, upgrade upgraded it’s rating to Overweight and revised its price target to $99 on the stock. RBC Capital Mkts downgraded its rating to a Sector Perform and increased its price target to $97 on November 28, 2023. Raymond James upgraded its rating to a Strong Buy and raised its price target to $101 on November 09, 2023. JP Morgan downgraded its rating to Neutral for this stock on October 12, 2023, but kept the price target unchanged to $90. In a note dated October 03, 2023, Wedbush initiated an Neutral rating and provided a target price of $83 on this stock.
Welltower Inc. [WELL] stock has fluctuated between $72.47 and $94.63 over the past year. Currently, Wall Street analysts expect the stock to reach $89.44 within the next 12 months. Welltower Inc. [NYSE: WELL] shares were valued at $90.37 at the most recent close of the market. An investor can expect a potential drop of -1.03% based on the average WELL price forecast.
Analyzing the WELL fundamentals
Welltower Inc. [NYSE:WELL] reported sales of 6.63B for the trailing twelve months, which represents a growth of 15.30%. Gross Profit Margin for this corporation currently stands at 0.22% with Operating Profit Margin at -0.02%, Pretax Profit Margin comes in at 0.05%, and Net Profit Margin reading is 0.05%. To continue investigating profitability, this company’s Return on Assets is posted at 0.01, Equity is 0.02 and Total Capital is -0.0. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.62.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 89.70 points at the first support level, and at 89.02 for the second support level. However, for the 1st resistance point, the stock is sitting at 91.15, and for the 2nd resistance point, it is at 91.92.
Welltower Inc. [WELL] reported earnings per share of $0.15 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.26/share, meaning a difference of -$0.11 and a surprise factor of -42.30%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $0.24 per share as compared to estimates of $0.19 per share, a difference of $0.05 representing a surprise of 26.30%.
Ratios To Look Out For
Considering the valuation of this stock, the price to sales ratio is 7.75, the price to book ratio is 2.01 and price to earnings (TTM) ratio is 173.16.
