Welltower Inc (NYSE:WELL) Announces $0.87 Quarterly Dividend

Welltower Inc (NYSE:WELL) announced a quarterly dividend on Wednesday, February 12th, Zacks reports. Stockholders of record on Monday, February 24th will be paid a dividend of 0.87 per share by the real estate investment trust on Friday, February 28th. This represents a $3.48 dividend on an annualized basis and a dividend yield of 3.87%. The ex-dividend date of this dividend is Friday, February 21st.

Welltower has a payout ratio of 208.4% meaning 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 $4.45 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 78.2%.

Shares of NYSE:WELL opened at $89.84 on Wednesday. The company has a debt-to-equity ratio of 0.90, a quick ratio of 1.85 and a current ratio of 1.86. Welltower has a 1 year low of $71.18 and a 1 year high of $93.17. The stock has a market capitalization of $36.65 billion, a P/E ratio of 29.46, a PEG ratio of 5.46 and a beta of 0.18. The stock has a 50-day simple moving average of $84.92 and a 200-day simple moving average of $86.31.

Welltower (NYSE:WELL) last issued its earnings results on Wednesday, February 12th. The real estate investment trust reported $0.55 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.30 by $0.25. Welltower had a return on equity of 8.07% and a net margin of 24.07%. The business had revenue of $1.26 billion during the quarter, compared to analysts’ expectations of $1.25 billion. During the same quarter in the previous year, the business earned $0.27 EPS. The company’s revenue for the quarter was up 1.7% on a year-over-year basis. Analysts predict that Welltower will post 4.26 earnings per share for the current year.

A number of analysts have recently issued reports on the company. JPMorgan Chase & Co. cut Welltower from an “overweight” rating to a “neutral” rating and decreased their target price for the stock from $90.00 to $84.00 in a report on Wednesday, December 18th. Mizuho initiated coverage on Welltower in a research report on Thursday, December 19th. They set a “buy” rating and a $92.00 target price for the company. 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. Deutsche Bank raised Welltower from a “hold” rating to a “buy” rating in a research note on Monday, January 6th. Finally, Morgan Stanley decreased their price objective on Welltower from $95.00 to $90.00 and set an “overweight” rating for the company in a research note on Wednesday, December 18th. Seven analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $85.12.

About Welltower

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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Dividend History for Welltower (NYSE:WELL)

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