Welltower Inc. (NYSE:WELL – Get Free Report) announced a quarterly dividend on Monday, April 29th, RTT News reports. Investors of record on Monday, May 13th will be paid a dividend of 0.61 per share by the real estate investment trust on Wednesday, May 22nd. This represents a $2.44 dividend on an annualized basis and a dividend yield of 2.55%.
Welltower has decreased its dividend by an average of 3.3% annually over the last three years.
Welltower Trading Up 1.6 %
Shares of NYSE:WELL traded up $1.47 on Monday, hitting $95.81. The company had a trading volume of 2,607,881 shares, compared to its average volume of 2,542,753. The firm has a market capitalization of $56.63 billion, a price-to-earnings ratio of 148.69, a P/E/G ratio of 2.39 and a beta of 1.08. The company has a quick ratio of 3.22, a current ratio of 3.22 and a debt-to-equity ratio of 0.60. The firm’s 50-day simple moving average is $92.06 and its two-hundred day simple moving average is $89.47. Welltower has a 1 year low of $72.47 and a 1 year high of $95.83.
Analysts Set New Price Targets
Several equities research analysts have recently commented on WELL shares. Deutsche Bank Aktiengesellschaft started coverage on Welltower in a research note on Tuesday, January 30th. They set a “buy” rating and a $115.00 price objective for the company. Scotiabank cut their target price on Welltower from $97.00 to $96.00 and set a “sector outperform” rating on the stock in a research report on Monday, March 4th. StockNews.com cut Welltower from a “hold” rating to a “sell” rating in a research report on Friday, March 29th. KeyCorp increased their price objective on Welltower from $90.00 to $95.00 and gave the company an “overweight” rating in a report on Friday, January 5th. Finally, BNP Paribas began coverage on Welltower in a report on Monday, March 18th. They set an “outperform” rating and a $104.00 target price for the company. One analyst has rated the stock with a sell rating, four have issued a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Welltower currently has a consensus rating of “Moderate Buy” and a consensus target price of $95.57.
Read Our Latest Analysis on Welltower
About Welltower
Welltower Inc (NYSE:WELL), a REIT and S&P 500 company headquartered in Toledo, Ohio, is driving the transformation of health care infrastructure. Welltower invests with leading seniors housing operators, post-acute providers and health systems to fund the real estate and infrastructure needed to scale innovative care delivery models and improve people's wellness and overall health care experience.
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