Welltower Inc (NYSE:WELL) declared a quarterly dividend on Wednesday, July 31st, NASDAQ reports. Shareholders of record on Thursday, August 15th will be paid a dividend of 0.87 per share by the real estate investment trust on Thursday, August 22nd. This represents a $3.48 dividend on an annualized basis and a dividend yield of 3.95%. The ex-dividend date is Wednesday, August 14th.

Welltower has a payout ratio of 86.4% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings decline. Analysts expect Welltower to earn $4.36 per share next year, which means the company should continue to be able to cover its $3.48 annual dividend with an expected future payout ratio of 79.8%.

Shares of Welltower stock opened at $87.99 on Tuesday. The stock has a 50-day moving average price of $84.35. The firm has a market capitalization of $35.78 billion, a P/E ratio of 21.83, a P/E/G ratio of 4.58 and a beta of 0.29. Welltower has a fifty-two week low of $60.93 and a fifty-two week high of $88.44. The company has a debt-to-equity ratio of 0.95, a quick ratio of 1.73 and a current ratio of 1.73.

Welltower (NYSE:WELL) last issued its quarterly earnings data on Wednesday, July 31st. The real estate investment trust reported $0.34 earnings per share for the quarter, missing analysts’ consensus estimates of $1.04 by ($0.70). The firm had revenue of $1.32 billion during the quarter, compared to analyst estimates of $1.30 billion. Welltower had a return on equity of 4.62% and a net margin of 11.98%. The company’s revenue was up 17.2% on a year-over-year basis. During the same quarter last year, the company posted $1.00 EPS. As a group, sell-side analysts expect that Welltower will post 4.17 earnings per share for the current fiscal year.

WELL has been the subject of a number of research reports. Raymond James cut shares of Welltower from an “outperform” rating to a “market perform” rating and set a $82.27 target price for the company. in a research note on Thursday, June 13th. They noted that the move was a valuation call. Scotiabank set a $80.00 target price on shares of Welltower and gave the stock a “hold” rating in a research note on Friday, June 14th. Stifel Nicolaus boosted their target price on shares of Welltower from $78.00 to $87.00 and gave the stock a “buy” rating in a research note on Thursday, August 1st. Finally, BMO Capital Markets reissued a “buy” rating and set a $86.00 target price on shares of Welltower in a research note on Monday, August 5th. Six research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $79.12.

About Welltower

Welltower Inc (NYSE:WELL), an S&P 500 company headquartered in Toledo, Ohio, is driving the transformation of health care infrastructure. The Company 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.

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Dividend History for Welltower (NYSE:WELL)

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