Markets WELL

Welltower Stock Falls 6%

(RTTNews) - Welltower Inc. (WELL) is down 5.69 percent, losing $13.69 to $226.92 on Tuesday. The decline possibly follows the company's third-quarter results announced yesterday, with net income falling to $280.56 million, or $0.41 per share, from $396.59 million, or $0.54 per share, a year earlier.

Welltower is currently trading at $226.92, down from the previous close of $240.61 after opening at $233.28 on the New York Stock Exchange. The stock has traded between $224.86 and $237.93 during the session. Trading volume stands at 1.81 million shares, compared with an average volume of 2.74 million shares.

Third-quarter revenue declined 27.7 percent, to $2.69 billion from $3.72 billion a year earlier. Welltower provided full-year earnings guidance of $3.31 to $3.37 per share. The company's shares have traded between $174.91 and $255.20 over the past 52 weeks.

RTTNews
Founded in the late 1990s by Andrew Mariathasan in New York, with the goal of covering Wall Street for a new generation of investors, RTTNews has expanded steadily over the years to become a trusted provider of content for a wide array of subjects across several platforms. RTT's Financial Newswire is relied upon by some of the world's largest financial institutions, including banks, brokerages, trading platforms and financial exchanges.
More articles by this source

Tags

Stocks Mentioned

Latest Articles

Data is currently not available