Streetbeat News

WELL

Welltower Inc.

https://www.welltower.com

Industry

REIT - Healthcare Facilities

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. Welltower, a real estate investment trust ("REIT"), owns interests in properties concentrated in major, high-growth markets in the United States, Canada and the United Kingdom, consisting of seniors housing and post-acute communities and outpatient medical properties.

Open

137.11

Mkt cap

85B

Volume

77K

High

137.44

P/E Ratio

87.50

52-wk high

140.19

Low

136.50

Div yield

0.02

52-wk low

85.40

Several major companies have announced significant developments. Qualcomm has signed a chip supply agreement with Apple, potentially boosting its stock. Vietnam Airlines is nearing a $10 billion deal with Boeing to acquire 50 Boeing 737 Max jets. Welltower has raised its FY23 FFO outlook due to strong capital deployment and senior housing business. Novartis' Sandoz has entered a development and commercialization agreement with Samsung Bioepis. RTX Corp is facing a $3 billion pre-tax charge due to a Pratt & Whitney engine problem. AstraZeneca's CEO, Pascal Soriot, is rumored to be stepping down. Alibaba is undergoing a leadership shakeup in its cloud business. A potential United Auto Workers strike could cost the US economy billions. Apple and Google are facing an antitrust showdown. UBS is planning to cut wealth-management jobs in Asia. Arm Holdings is considering boosting its IPO price.

Portfolio Pulse from Vandana Singh

September 11, 2023 | 2:51 pm

Welltower has revised its FY23 Normalized Funds From Operations per share attributable range from $3.48-$3.59 to $3.51-$3.60.

Portfolio Pulse from Benzinga Newsdesk

September 11, 2023 | 11:22 am

Over the last quarter, 7 analysts have provided ratings for Welltower (NYSE:WELL), with 1 being bullish, 5 somewhat bullish, and 1 indifferent. The average 12-month price target for the company is $89.71, an increase of 8.52% from the previous average of $82.67.

Portfolio Pulse from Benzinga Insights

September 07, 2023 | 2:00 pm

Morgan Stanley analyst Ronald Kamdem has maintained an Overweight rating on Welltower (NYSE:WELL) and raised the price target from $74 to $90.

Portfolio Pulse from Benzinga Newsdesk

September 07, 2023 | 12:40 pm

Welltower (NYSE:WELL) has issued a dividend payout of $0.61 per share, resulting in an annualized dividend yield of 3.01%. However, the company has seen a decrease in its dividend per share from $3.48 in 2019 to $2.44 in 2022, and a decrease in earnings per share from $4.13 in 2019 to $3.35 in 2022. This could indicate a challenging financial situation for the company.

Portfolio Pulse from Benzinga Insights

August 23, 2023 | 3:05 pm

RBC Capital analyst Michael Carroll maintains an Outperform rating on Welltower (NYSE:WELL) and raises the price target from $87 to $92.

Portfolio Pulse from Benzinga Newsdesk

August 15, 2023 | 3:31 pm

Wells Fargo analyst Todd Stender has maintained an Overweight rating on Welltower (NYSE:WELL) and raised the price target from $89 to $93.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2023 | 1:02 pm

Welltower (NYSE:WELL) has received a mix of bullish and indifferent analyst ratings in the last quarter. The average price target for the stock is $87.38, which is higher than its current price of $83.57, implying an upside. The average price target has increased by 4.56% from the previous average.

Portfolio Pulse from Benzinga Insights

August 04, 2023 | 12:19 pm

Barclays analyst Steven Valiquette has maintained an Overweight rating on Welltower (NYSE:WELL) and raised the price target from $82 to $92.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 10:53 am

Welltower Inc has entered into an equity distribution agreement to offer common stock of up to $4.0B, according to an SEC filing.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2023 | 12:59 pm

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