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In a remarkable display of market confidence, shares of Health Care REIT , Inc. (NYSE:WELL), a $90 billion healthcare real estate giant with a 49-year track record of consistent dividend payments, have surged to an all-time high, reaching a pinnacle of $144.88. This milestone underscores the company’s significant growth trajectory over the past year, which has been marked by a robust 67.66% total return and a current dividend yield of 1.87%. According to InvestingPro analysis, investors have shown increasing enthusiasm for WELL’s strategic investments and operational performance within the healthcare real estate sector, signaling strong future prospects for the company. The all-time high figure represents not just a 52-week peak but the highest price level WELL stock has ever achieved, reflecting a period of exceptional momentum for the firm. InvestingPro’s Fair Value analysis suggests the stock may be overvalued at current levels, with 14 additional exclusive insights available to subscribers through the comprehensive Pro Research Report.
In other recent news, Welltower Inc. reported mixed results for the fourth quarter of 2024, with earnings falling short of estimates, but revenues surpassing expectations. The healthcare real estate investment trust posted adjusted earnings per share of $0.19, missing the consensus estimate of $0.41. However, the company’s quarterly revenue reached $2.25 billion, beating analyst expectations of $2.12 billion.
Welltower also reported a 17.7% year-over-year increase in normalized funds from operations (FFO) per share, a key metric for REITs. The company’s same-store net operating income saw a growth of 12.8% compared to the prior year period, driven by a 23.9% increase in its Seniors Housing Operating portfolio.
For the full year 2024, Welltower achieved normalized FFO of $4.32 per share, an 18.7% increase from 2023. Despite these positive results, Welltower issued softer-than-expected guidance for fiscal year 2025, forecasting earnings per share between $1.60 and $1.76, below the consensus estimate of $1.86. The company’s board approved a 10% increase in the quarterly dividend, indicating confidence in Welltower’s growth prospects and financial performance.
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