Welltower Inc. (NYSE:WELL) Declares $0.61 Quarterly Dividend

Welltower Inc. (NYSE:WELL) 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.

Welltower (NYSE:WELL) last released its quarterly earnings results on Tuesday, February 13th. The real estate investment trust reported $0.15 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.94 by ($0.79). Welltower had a return on equity of 1.47% and a net margin of 5.12%. The firm had revenue of $1.75 billion during the quarter, compared to analysts’ expectations of $1.72 billion. During the same quarter last year, the business earned $0.83 earnings per share. The business’s quarterly revenue was up 15.2% on a year-over-year basis. Equities analysts anticipate that Welltower will post 4.05 earnings per share for the current fiscal year.

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.

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.