On July 28, WELLTOWER OP LLC rose 4.19% in pre-market trading, trading at $254.385 per share, with turnover of $66,400.
On the news front, the company released its latest quarterly earnings on July 27 and raised its full-year diluted net income per share guidance to $3.11-$3.19. Market consensus had previously expected quarterly revenue of $3.373 billion, up 32.36% year-over-year, with adjusted EPS of $0.63, up 39.17% year-over-year, and EBIT of $668 million, up 52.16% year-over-year. Additionally, the company had previously increased its quarterly dividend from $0.74 to $0.85, signaling management confidence in cash flow generation. RBC Capital Markets had noted the company is well positioned to capitalize on favorable seniors housing demand driven by aging demographics and limited new supply, with core earnings potentially rising 20% in the current fiscal year.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)
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