Welltower Inc. (WELL) to Distribute Quarterly Dividend of $0.85 on November 19th

Welltower Inc. (NYSE:WELL) announced a quarterly dividend on Monday, October 26th. Investors of record on Tuesday, November 10th will be paid a dividend of $0.85 per share by the real estate investment trust on Thursday, November 19th. This represents a $3.40 annualized dividend and a dividend yield of 1.4%. The ex-dividend date is Tuesday, November 10th.

Welltower has a payout ratio of 145.3% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Research analysts expect Welltower to earn $7.53 per share next year, which means the company should continue to be able to cover its $3.40 annual dividend with an expected future payout ratio of 45.2%.

Welltower Stock Performance

Shares of NYSE WELL opened at $245.32 on Friday. The business’s 50-day moving average price is $233.83 and its two-hundred day moving average price is $219.61. The company has a debt-to-equity ratio of 0.39, a current ratio of 3.16 and a quick ratio of 3.16. Welltower has a one year low of $181.47 and a one year high of $255.20. The company has a market capitalization of $179.97 billion, a P/E ratio of 106.20, a price-to-earnings-growth ratio of 1.17 and a beta of 0.79.

Welltower (NYSE:WELL) last posted its quarterly earnings results on Monday, October 26th. The real estate investment trust reported $1.67 earnings per share for the quarter, topping analysts’ consensus estimates of $1.64 by $0.03. The company had revenue of $3.72 billion during the quarter, compared to the consensus estimate of $3.64 billion. Welltower had a return on equity of 3.61% and a net margin of 12.08%. The business’s quarterly revenue was up 38.4% on a year-over-year basis. During the same period last year, the business earned $1.34 EPS. Analysts anticipate that Welltower will post 6.51 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. Royal Bank Of Canada boosted their target price on shares of Welltower from $238.00 to $260.00 and gave the stock an “outperform” rating in a research report on Monday, August 3rd. BMO Capital Markets lifted their price objective on shares of Welltower from $245.00 to $265.00 and gave the company an “outperform” rating in a research note on Monday, August 3rd. BNP Paribas Exane lifted their price objective on shares of Welltower from $238.00 to $272.00 and gave the company an “outperform” rating in a research note on Tuesday, July 28th. Raymond James Financial reissued an “outperform” rating and set a $263.00 target price on shares of Welltower in a research report on Thursday, October 29th. Finally, Robert W. Baird raised their target price on Welltower from $226.00 to $233.00 and gave the company a “neutral” rating in a report on Wednesday, August 12th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $259.81.

About Welltower

Welltower Inc is a real estate investment trust focused on properties and services that support health care and aging. Its portfolio includes senior housing communities, outpatient medical facilities and post-acute care properties.

The company works with senior housing operators, health care providers and other partners to own, lease and manage properties. Its operations span the United States, Canada and the United Kingdom.

Founded in 1970 as Health Care REIT, the company adopted the Welltower name in 2015.