Movement Alert|WELLTOWER OP LLC Rises 4.19% in Pre-Market Trading, Quarterly Earnings Released With Full-Year EPS Guidance Raised

Market Focus07-28

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.

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