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 Performance
WELL Stock traded up $1.46 during midday trading on Friday, reaching $82.69. The stock had a trading volume of 1,954,809 shares, compared to its average volume of 2,168,790. The stock has a market cap of $37.54 billion, a PE ratio of 92.91, a P/E/G ratio of 4.07 and a beta of 0.95. The company has a debt-to-equity ratio of 0.77, a quick ratio of 2.13 and a current ratio of 2.19. The firm has a fifty day simple moving average of $82.23 and a two-hundred day simple moving average of $86.89. Welltower has a 52-week low of $76.56 and a 52-week high of $99.43.
Welltower (NYSE:WELL - Get Rating) last released its quarterly earnings data 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). The company had revenue of $1.47 billion for the quarter, compared to analysts' expectations of $1.42 billion. Welltower had a net margin of 7.20% and a return on equity of 2.09%. The business's quarterly revenue was up 29.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.79 EPS. As a group, equities research analysts anticipate that Welltower will post 3.47 EPS for the current year.
Welltower Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 31st. Shareholders of record on Tuesday, August 23rd will be paid a dividend of $0.61 per share. The ex-dividend date is Monday, August 22nd. This represents a $2.44 dividend on an annualized basis and a dividend yield of 2.95%. Welltower's payout ratio is currently 274.16%.
Analyst Ratings Changes
Several analysts have issued reports on WELL shares. Royal Bank of Canada increased their target price on Welltower from $97.00 to $100.00 in a research report on Friday, May 20th. StockNews.com lowered Welltower from a "hold" rating to a "sell" rating in a report on Saturday, July 23rd. Evercore ISI set a $99.00 price objective on Welltower in a report on Monday, June 20th. Jefferies Financial Group decreased their price objective on Welltower from $89.00 to $79.00 and set a "hold" rating for the company in a report on Thursday, June 30th. Finally, KeyCorp decreased their price objective on Welltower from $98.00 to $95.00 and set an "overweight" rating for the company in a report on Thursday, July 7th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Welltower has a consensus rating of "Moderate Buy" and a consensus price target of $96.27.