Welltower Inc. (NYSE:WELL) Shareholders Set to Receive $0.85 Quarterly Dividend

Welltower Inc. (NYSE:WELL) declared a quarterly dividend on Monday, October 26th. Shareholders 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 dividend on an annualized basis and a 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. Analysts expect Welltower to earn $7.47 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 45.5%.

Welltower Trading Up 1.2%

NYSE:WELL opened at $240.11 on Tuesday. The stock has a market cap of $173.06 billion, a price-to-earnings ratio of 110.14, a PEG ratio of 1.15 and a beta of 0.75. The company has a debt-to-equity ratio of 0.37, a quick ratio of 3.16 and a current ratio of 3.16. Welltower has a 1 year low of $174.91 and a 1 year high of $255.20. The business has a fifty day moving average of $233.87 and a 200-day moving average of $217.08.

Welltower (NYSE:WELL) last posted its quarterly earnings data on Monday, July 27th. The real estate investment trust reported $0.61 earnings per share for the quarter, missing the consensus estimate of $0.66 by ($0.05). The company had revenue of $3.54 billion during the quarter, compared to analyst estimates of $3.40 billion. Welltower had a return on equity of 3.56% and a net margin of 12.15%. The business’s revenue for the quarter was up 39.1% compared to the same quarter last year. During the same period in the previous year, the company earned $1.28 EPS. Equities analysts predict that Welltower will post 6.43 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the stock. Cantor Fitzgerald increased their price objective on shares of Welltower from $235.00 to $260.00 and gave the company an “overweight” rating in a report on Friday, July 31st. Morgan Stanley boosted their target price on Welltower from $215.00 to $251.00 and gave the stock an “overweight” rating in a report on Tuesday, September 1st. Wells Fargo & Company upped their target price on Welltower from $266.00 to $268.00 and gave the stock an “overweight” rating in a research report on Monday, October 19th. Scotiabank upped their target price on Welltower from $244.00 to $251.00 and gave the stock an “outperform” rating in a research report on Wednesday, September 2nd. Finally, Robert W. Baird increased their price target on Welltower from $226.00 to $233.00 and gave the company a “neutral” rating in a research note on Wednesday, August 12th. Two analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $255.86.

About Welltower

Welltower Inc (NYSE: WELL) is a healthcare-focused real estate investment trust that owns, develops, and manages properties used to provide healthcare and related services. Its portfolio is centered on senior housing communities, outpatient medical facilities, and post-acute care properties, including assets operated by healthcare providers and senior living companies.

The company’s senior housing investments support independent living, assisted living, and memory care services. Its outpatient medical properties accommodate physicians, clinics, and other healthcare providers, while its broader healthcare real estate portfolio is designed to serve demand for care delivered outside traditional hospitals.