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

Welltower Inc. (NYSE:WELL) declared a quarterly dividend on Monday, April 29th, RTT News reports. Investors of record on Monday, May 13th will be given a dividend of 0.61 per share by the real estate investment trust on Wednesday, May 22nd. This represents a $2.44 annualized dividend and a yield of 2.55%.

Welltower has decreased its dividend by an average of 3.3% per year over the last three years.

Welltower Price Performance

Welltower stock traded up $1.47 during mid-day trading on Monday, hitting $95.81. 2,607,881 shares of the company traded hands, compared to its average volume of 2,542,753. The stock has a fifty day moving average price of $92.06 and a 200-day moving average price of $89.47. The stock has a market cap of $56.63 billion, a price-to-earnings ratio of 148.69, a price-to-earnings-growth ratio of 2.39 and a beta of 1.08. Welltower has a one year low of $72.47 and a one year high of $95.83. The company has a debt-to-equity ratio of 0.60, a quick ratio of 3.22 and a current ratio of 3.22.

Welltower (NYSE:WELL) last announced its quarterly earnings data on Tuesday, February 13th. The real estate investment trust reported $0.15 EPS for the quarter, missing the consensus estimate of $0.94 by ($0.79). Welltower had a net margin of 5.12% and a return on equity of 1.47%. The firm had revenue of $1.75 billion for the quarter, compared to the consensus estimate of $1.72 billion. During the same quarter last year, the company posted $0.83 earnings per share. Welltower’s revenue for the quarter was up 15.2% compared to the same quarter last year. On average, equities analysts predict that Welltower will post 4.05 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

WELL has been the subject of a number of analyst reports. StockNews.com lowered Welltower from a “hold” rating to a “sell” rating in a research note on Friday, March 29th. BNP Paribas assumed coverage on shares of Welltower in a report on Monday, March 18th. They issued an “outperform” rating and a $104.00 price target on the stock. KeyCorp upped their price objective on shares of Welltower from $90.00 to $95.00 and gave the company an “overweight” rating in a research note on Friday, January 5th. Deutsche Bank Aktiengesellschaft started coverage on shares of Welltower in a report on Tuesday, January 30th. They set a “buy” rating and a $115.00 target price for the company. Finally, Mizuho upped their price target on Welltower from $90.00 to $98.00 and gave the company a “buy” rating in a research report on Wednesday, January 3rd. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target 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.