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

138.00

Mkt cap

86B

Volume

2.5M

High

140.19

P/E Ratio

88.59

52-wk high

140.19

Low

137.91

Div yield

0.02

52-wk low

84.38

Welltower Inc. plans to acquire a $969M portfolio of 25 active adult communities from Affinity Living Communities, forming a long-term strategic partnership. The acquisition, funded by cash and $523M of below-market rate debt, expands Welltower's Wellness Housing portfolio to nearly 25,000 units. The communities, mainly in the Pacific Northwest, are expected to cater to a rapidly growing 55+ population. The deal, closing in tranches, will see Affinity continue managing the properties under a terminable contract.

Portfolio Pulse from Benzinga Newsdesk

February 13, 2024 | 9:49 pm

Welltower has projected its full-year 2024 Funds From Operations (FFO) to be in the range of $3.94 to $4.10, compared to the estimated $4.00.

Portfolio Pulse from Benzinga Newsdesk

February 13, 2024 | 9:11 pm

Welltower (NYSE:WELL) reported Q4 2023 earnings of $0.96 per share, surpassing the consensus estimate of $0.94 by 2.13%. Quarterly sales were $1.75 billion, in line with estimates and marking a 15.21% increase from the previous year.

Portfolio Pulse from Benzinga Newsdesk

February 13, 2024 | 9:10 pm

Welltower (NYSE:WELL) reported its Q4 2023 earnings with an FFO of $0.96 per share, surpassing the analyst consensus estimate of $0.94 by 2.13%.

Portfolio Pulse from Benzinga Newsdesk

February 13, 2024 | 9:08 pm

Wall Street experienced significant declines due to a higher-than-expected inflation report, leading to adjustments in rate cut expectations and a surge in Treasury yields. The iShares 20+ Year Treasury Bond ETF (TLT) and iShares Russell 2000 ETF (IWM) saw notable drops. Bitcoin, gold, and major indices also fell. Biogen Inc. (BIIB) and SSR Mining Inc. (SSRM) were among the biggest losers due to earnings misses and operational issues, respectively.

Portfolio Pulse from Piero Cingari

February 13, 2024 | 7:13 pm

Numerous companies are scheduled to report their quarterly earnings on February 13, 2024, with expectations spanning from significant profits to losses across various sectors. Key highlights include anticipated earnings from major corporations such as Coca-Cola, Shopify, Airbnb, and Biogen, reflecting a broad spectrum of industries from technology to consumer goods. The diversity in performance indicators underscores the varying financial health and market expectations for these entities.

Portfolio Pulse from Benzinga Insights

February 13, 2024 | 10:06 am

One Energy Enterprises Inc. appoints Thomas Russell as CFO, bringing extensive financial experience to aid in the company's growth and transition to public markets. Russell has over 20 years of experience, including roles at CPBS Holdings, Fresh Products, LLC, Cooper Tire & Rubber Company (CTB), and Welltower (WELL). One Energy, known for its on-site wind energy installations, has recently launched significant initiatives, including the largest electric semi-truck charging site in the U.S. and a new electric semi-truck trial program. Additionally, One Energy and TortoiseEcofin Acquisition Corp. III (TRTL) have entered into a Business Combination Agreement, with the combined company to be listed on the NYSE under the ticker 'ONE'.

Portfolio Pulse from Benzinga Newsdesk

February 05, 2024 | 1:09 pm

Eight analysts have recently rated Welltower (NYSE:WELL), with a mix of bullish to bearish sentiments. The average 12-month price target is $98.62, up 8.21% from the previous $91.14. Analysts from firms like Deutsche Bank, Keybanc, and JP Morgan have raised their price targets, reflecting a positive outlook on Welltower's performance. The company has shown strong revenue growth and efficient asset management but faces challenges in profitability and equity capital usage. Welltower's diversified healthcare portfolio and conservative financial approach with a low debt-to-equity ratio are also highlighted.

Portfolio Pulse from Benzinga Insights

January 30, 2024 | 3:00 pm

Deutsche Bank analyst Omotayo Okusanya has initiated coverage on Welltower (NYSE:WELL) with a Buy rating and set a price target of $115.

Portfolio Pulse from Benzinga Newsdesk

January 30, 2024 | 12:04 pm

Welltower (NYSE:WELL) has seen a 3.65% increase in short interest since the last report, with 7.57 million shares sold short, representing 1.99% of available shares. It would take about 3.63 days to cover all short positions. While an increase in short interest can indicate bearish sentiment, Welltower has less short interest compared to its peer group average of 5.74%. The rise in short interest doesn't necessarily predict a stock price fall.

Portfolio Pulse from Benzinga Insights

January 12, 2024 | 1:15 pm

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