Welltower Reports Sale Of 17.50M Shares Of Common Stock
Portfolio Pulse from Benzinga Newsdesk
Welltower has reported the sale of 17.5 million shares of its common stock. The company has also granted underwriters an option to purchase up to 2.625 million additional shares. The shares were offered to BofA Securities, Inc. and Goldman Sachs & Co. LLC.
November 06, 2023 | 9:30 pm
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Welltower's sale of 17.5 million shares could potentially dilute the value of existing shares, which may negatively impact the stock price in the short term.
The sale of a large number of shares can dilute the value of existing shares, which can lead to a decrease in the stock price. This is because the earnings per share (EPS) may decrease as the number of shares increases, assuming the company's earnings remain constant. This could make the stock less attractive to investors, potentially leading to a decrease in demand and a drop in the stock price.
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