Welltower Inc (NYSE:WELL) declared a quarterly dividend on Wednesday, February 12th, Zacks reports. Stockholders of record on Monday, February 24th will be given a dividend of 0.87 per share by the real estate investment trust on Friday, February 28th. This represents a $3.48 annualized dividend and a dividend yield of 3.93%. The ex-dividend date is Friday, February 21st.
Welltower has a payout ratio of 208.4% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Analysts expect Welltower to earn $4.30 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 80.9%.
Shares of Welltower stock traded up $0.89 during trading on Friday, hitting $88.59. 67,140 shares of the company were exchanged, compared to its average volume of 1,926,567. The firm has a market capitalization of $35.00 billion, a P/E ratio of 31.98, a price-to-earnings-growth ratio of 5.16 and a beta of 0.18. Welltower has a 1-year low of $71.18 and a 1-year high of $93.17. The firm’s fifty day moving average price is $84.25 and its 200 day moving average price is $86.19. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.85 and a quick ratio of 1.85.
Several brokerages recently issued reports on WELL. Mizuho began coverage on Welltower in a research report on Thursday, December 19th. They issued a “buy” rating and a $92.00 price objective for the company. Deutsche Bank upgraded Welltower from a “hold” rating to a “buy” rating in a research report on Monday, January 6th. Raymond James lowered Welltower to a “market weight” rating in a research report on Tuesday, January 7th. Evercore ISI upgraded Welltower from an “in-line” rating to an “outperform” rating and set a $89.00 price objective for the company in a research report on Monday, January 6th. Finally, JPMorgan Chase & Co. lowered Welltower from an “overweight” rating to a “neutral” rating and decreased their price objective for the company from $90.00 to $84.00 in a research report on Wednesday, December 18th. Eight equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Welltower has a consensus rating of “Hold” and an average target price of $84.27.
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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