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. Welltower, a real estate investment trust ("REIT"), owns interests in properties concentrated in major, high-growth markets in the United States, Canada and the United Kingdom, consisting of seniors housing and post-acute communities and outpatient medical properties.
Wall Street Analyst Weigh In
A number of brokerages recently issued reports on WELL. Deutsche Bank Aktiengesellschaft lowered their price objective on Welltower from $108.00 to $100.00 and set a "buy" rating on the stock in a research report on Wednesday, July 13th. Royal Bank of Canada boosted their target price on Welltower from $97.00 to $100.00 in a research report on Friday, May 20th. StockNews.com cut Welltower from a "hold" rating to a "sell" rating in a research report on Saturday, July 23rd. Evercore ISI set a $99.00 target price on Welltower in a research report on Monday, June 20th. Finally, Credit Suisse Group upgraded Welltower from a "neutral" rating to an "outperform" rating and boosted their target price for the stock from $92.00 to $100.00 in a research report on Wednesday, May 18th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, Welltower presently has a consensus rating of "Moderate Buy" and an average price target of $96.27.
Welltower Trading Up 1.8 %
Shares of WELL Stock opened at $82.69 on Friday. The company has a quick ratio of 2.13, a current ratio of 2.19 and a debt-to-equity ratio of 0.77. The business has a 50-day moving average price of $82.33 and a two-hundred day moving average price of $86.91. Welltower has a 12-month low of $76.56 and a 12-month high of $99.43. The firm has a market cap of $37.54 billion, a P/E ratio of 92.91, a price-to-earnings-growth ratio of 4.18 and a beta of 0.95.
Welltower (NYSE:WELL - Get Rating) last released its earnings results on Tuesday, August 9th. The real estate investment trust reported $0.20 earnings per share for the quarter, missing analysts' consensus estimates of $0.85 by ($0.65). Welltower had a net margin of 7.20% and a return on equity of 2.09%. The company had revenue of $1.47 billion during the quarter, compared to the consensus estimate of $1.42 billion. During the same period last year, the firm posted $0.79 EPS. The company's revenue was up 29.1% on a year-over-year basis. Equities analysts anticipate that Welltower will post 3.47 EPS for the current fiscal year.
Welltower Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Wednesday, August 31st. Stockholders of record on Tuesday, August 23rd will be paid a $0.61 dividend. This represents a $2.44 dividend on an annualized basis and a dividend yield of 2.95%. The ex-dividend date is Monday, August 22nd. Welltower's dividend payout ratio (DPR) is presently 274.16%.