News to Watch: Welltower Inc. (NYSE:WELL)

Welltower Inc. (NYSE:WELL) spotted trading -47.30% off 52-week high price. On the other end, the stock has been noted 102.31% away from the low price over the last 52-weeks. The stock changed 3.94% to recent value of $49.1. The stock transacted 4516823 shares during most recent day however it has an average volume of 4.44M shares. The company has 374.22M of outstanding shares and 374.22M shares were floated in the market.

On April 17, 2020, Welltower Inc. (NYSE:WELL) issued the following statement regarding the ongoing COVID-19 pandemic:

Welltower’s primary focus is on the ongoing support of our operating partners through these unprecedented times, commented Thomas J. DeRosa, Chairman and CEO.  We have made progress on the procurement and distribution of critical supplies, including PPE, and will continue to pursue all available options to further assist our operators throughout this pandemic.  While the impact of COVID-19 on our industry remains uncertain, we remain committed to making informed decisions during these turbulent times which we believe will lead to the long-term success of the Company, he added.

Seniors Housing Operating Portfolio Update

Since our last update on April 1, 2020, occupancy within our Seniors Housing Operating (SHO) portfolio has declined further as move-in criteria and screening have intensified in states more heavily impacted by COVID-19 including New York, New Jersey, Massachusetts and Washington. Between March 27, 2020 through April 3, 2020, occupancy within our total SHO portfolio fell 0.6% from 85.4% to 84.8%.  Subsequently, the portfolio experienced an additional 0.6% decline to 84.2% through April 10, 2020.  We anticipate further occupancy losses going forward as the number of communities with comprehensive move-in restrictions will likely expand to additional markets.

During the first quarter of 2020, SHO portfolio operating expenses had trended slightly below expectations through February.  However, the portfolio incurred approximately $7 million of unanticipated property level expenses associated with the COVID-19 pandemic in March 2020, driven by higher labor costs coupled with expenditures related to procurement of personal protective equipment and other supplies. While the anticipated decline in future SHO portfolio occupancy may result in some commensurate variable cost savings, we expect total SHO portfolio expenses during the pandemic to rise by approximately 5% relative to our original budget.

Its earnings per share (EPS) expected to touch remained 31.40% for this year while earning per share for the next 5-years is expected to reach at 13.00%. WELL has a gross margin of 48.10% and an operating margin of 21.40% while its profit margin remained 24.10% for the last 12 months.

The price moved ahead of 6.19% from the mean of 20 days, -21.81% from mean of 50 days SMA and performed -38.84% from mean of 200 days price. Company’s performance for the week was -13.25%, 47.80% for month and YTD performance remained -39.96%.

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