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.
Welltower Stock Up 0.8 %
NYSE:WELL opened at $83.31 on Thursday. The firm has a market cap of $37.82 billion, a PE ratio of 111.08, a price-to-earnings-growth ratio of 4.03 and a beta of 0.96. Welltower has a one year low of $76.56 and a one year high of $99.43. The stock's 50 day simple moving average is $82.58 and its 200 day simple moving average is $86.97. The company has a debt-to-equity ratio of 0.78, a current ratio of 2.13 and a quick ratio of 2.13.
Welltower (NYSE:WELL - Get Rating) last released its quarterly earnings results on Tuesday, August 9th. The real estate investment trust reported $0.20 EPS for the quarter, missing analysts' consensus estimates of $0.85 by ($0.65). The business had revenue of $1.47 billion for the quarter, compared to the consensus estimate of $1.42 billion. Welltower had a return on equity of 1.81% and a net margin of 6.42%. The firm's revenue was up 29.1% on a year-over-year basis. During the same quarter last year, the company earned $0.79 earnings per share. As a group, sell-side analysts forecast that Welltower will post 3.48 earnings per share for the current fiscal year.
Welltower Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 31st. Shareholders of record on Tuesday, August 23rd will be given a $0.61 dividend. This represents a $2.44 dividend on an annualized basis and a yield of 2.93%. Welltower's payout ratio is 325.34%.
Wall Street Analysts Forecast Growth
WELL has been the subject of several research analyst reports. Capital One Financial initiated coverage on Welltower in a research report on Friday, June 3rd. They set an "overweight" rating and a $95.00 price objective for the company. KeyCorp cut their target price on Welltower from $98.00 to $95.00 and set an "overweight" rating for the company in a research note on Thursday, July 7th. Evercore ISI set a $99.00 price target on shares of Welltower in a research note on Monday, June 20th. Jefferies Financial Group dropped their price objective on shares of Welltower from $89.00 to $79.00 and set a "hold" rating for the company in a research note on Thursday, June 30th. Finally, Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Welltower from $108.00 to $100.00 and set a "buy" rating for the company in a report on Wednesday, July 13th. One analyst has rated the stock with a sell rating, one has issued a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $97.14.