Welltower Inc. (NYSE:WELL) Shares Will Pay Quarterly Dividend of $0.85

Welltower Inc. (NYSE:WELL) declared a quarterly dividend on Monday, October 26th. Shareholders of record on Tuesday, November 10th will be given 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% meaning 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 $7.47 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 Stock Up 1.2%

Shares of NYSE:WELL opened at $240.11 on Tuesday. The company has a quick ratio of 3.16, a current ratio of 3.16 and a debt-to-equity ratio of 0.37. Welltower has a 52-week low of $174.91 and a 52-week high of $255.20. The company has a 50 day moving average of $233.87 and a two-hundred day moving average of $217.08. The company has a market capitalization of $173.06 billion, a price-to-earnings ratio of 110.14, a price-to-earnings-growth ratio of 1.15 and a beta of 0.75.

Welltower (NYSE:WELL) last posted its earnings results on Monday, October 26th. The real estate investment trust reported $1.67 EPS for the quarter, topping analysts’ consensus estimates of $1.64 by $0.03. Welltower had a net margin of 12.15% and a return on equity of 3.56%. The business had revenue of $3.72 billion for the quarter, compared to analysts’ expectations of $3.64 billion. During the same period in the previous year, the company posted $1.34 earnings per share. The business’s revenue for the quarter was up 38.4% compared to the same quarter last year. As a group, analysts forecast that Welltower will post 6.43 earnings per share for the current fiscal year.

Analyst Ratings Changes

WELL has been the topic of several analyst reports. Robert W. Baird lifted their price target on shares of Welltower from $226.00 to $233.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 12th. Cantor Fitzgerald upped their price objective on shares of Welltower from $235.00 to $260.00 and gave the company an “overweight” rating in a research report on Friday, July 31st. Weiss Ratings upgraded Welltower from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, October 8th. Royal Bank Of Canada raised their target price on Welltower from $238.00 to $260.00 and gave the company an “outperform” rating in a research note on Monday, August 3rd. Finally, KeyCorp lifted their target price on Welltower from $240.00 to $275.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 4th. Two analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Welltower currently has a consensus rating of “Moderate Buy” and a consensus 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.