Welltower Inc. (NYSE:WELL) Declares $0.67 Quarterly Dividend

Welltower Inc. (NYSE:WELL) announced a quarterly dividend on Monday, October 28th,Wall Street Journal reports. Investors of record on Wednesday, November 13th will be paid a dividend of 0.67 per share by the real estate investment trust on Thursday, November 21st. This represents a $2.68 annualized dividend and a dividend yield of 1.95%. The ex-dividend date is Wednesday, November 13th.

Welltower has decreased its dividend by an average of 3.3% per year over the last three years. Welltower has a payout ratio of 146.4% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities analysts expect Welltower to earn $4.71 per share next year, which means the company should continue to be able to cover its $2.68 annual dividend with an expected future payout ratio of 56.9%.

Welltower Price Performance

Shares of NYSE WELL opened at $137.67 on Tuesday. Welltower has a 1-year low of $84.38 and a 1-year high of $140.19. The company has a debt-to-equity ratio of 0.51, a current ratio of 4.10 and a quick ratio of 4.10. The stock has a fifty day moving average price of $129.28 and a 200 day moving average price of $114.53. The company has a market cap of $85.73 billion, a PE ratio of 90.57, a P/E/G ratio of 3.10 and a beta of 1.20.

Welltower (NYSE:WELL) last released its earnings results on Monday, October 28th. The real estate investment trust reported $0.73 EPS for the quarter, missing analysts’ consensus estimates of $1.04 by ($0.31). Welltower had a net margin of 12.22% and a return on equity of 3.20%. The business had revenue of $2.06 billion during the quarter, compared to analyst estimates of $1.95 billion. During the same period last year, the business posted $0.92 EPS. Welltower’s revenue was up 23.7% compared to the same quarter last year. Sell-side analysts forecast that Welltower will post 4.3 EPS for the current year.

Analyst Upgrades and Downgrades

WELL has been the subject of a number of recent research reports. Scotiabank lifted their price objective on Welltower from $121.00 to $133.00 and gave the stock a “sector outperform” rating in a research report on Monday, September 23rd. Deutsche Bank Aktiengesellschaft lifted their price target on Welltower from $115.00 to $137.00 and gave the company a “buy” rating in a report on Wednesday, August 21st. Evercore ISI lifted their price target on Welltower from $106.00 to $114.00 and gave the company an “in-line” rating in a report on Monday, September 16th. Wolfe Research upgraded Welltower to a “strong-buy” rating in a report on Friday, August 9th. Finally, Wedbush lifted their price target on Welltower from $100.00 to $120.00 and gave the company a “neutral” rating in a report on Monday, August 5th. Five investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $116.68.

Welltower Company Profile

Welltower Inc (NYSE:WELL), a real estate investment trust (“REIT”) and S&P 500 company headquartered in Toledo, Ohio, is driving the transformation of health care infrastructure. Welltower invests with leading seniors housing operators, post-acute providers and health systems to fund the real estate infrastructure needed to scale innovative care delivery models and improve people’s wellness and overall health care experience.