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.
Analyst Ratings Changes
WELL has been the topic of a number of analyst reports. Capital One Financial started coverage on shares of Welltower in a research report on Friday, June 3rd. They issued an "overweight" rating and a $95.00 target price on the stock. Evercore ISI set a $99.00 target price on Welltower in a research note on Monday, June 20th. Credit Suisse Group upgraded Welltower from a "neutral" rating to an "outperform" rating and raised their price target for the stock from $92.00 to $100.00 in a research report on Wednesday, May 18th. Royal Bank of Canada boosted their price objective on Welltower from $97.00 to $100.00 in a research report on Friday, May 20th. Finally, KeyCorp cut their target price on shares of Welltower from $98.00 to $95.00 and set an "overweight" rating on the stock in a report on Thursday, July 7th. One 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. Based on data from MarketBeat.com, Welltower currently has an average rating of "Moderate Buy" and a consensus price target of $96.27.
Welltower Stock Down 1.9 %
Shares of NYSE:WELL opened at $80.00 on Friday. The firm has a market capitalization of $36.32 billion, a P/E ratio of 89.89, a P/E/G ratio of 4.04 and a beta of 0.95. The company has a debt-to-equity ratio of 0.77, a quick ratio of 2.19 and a current ratio of 2.19. The stock has a 50 day moving average price of $81.79 and a 200-day moving average price of $86.80. Welltower has a 52-week low of $76.56 and a 52-week high of $99.43.
Welltower (NYSE:WELL - Get Rating) last posted its quarterly earnings data on Tuesday, August 9th. The real estate investment trust reported $0.20 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.85 by ($0.65). Welltower had a return on equity of 2.09% and a net margin of 7.20%. The firm had revenue of $1.47 billion during the quarter, compared to the consensus estimate of $1.42 billion. During the same quarter last year, the company posted $0.79 EPS. Welltower's revenue for the quarter was up 29.1% compared to the same quarter last year. As a group, equities research analysts anticipate that Welltower will post 3.47 EPS for the current fiscal year.
Welltower Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 31st. Investors of record on Tuesday, August 23rd will be paid a dividend of $0.61 per share. This represents a $2.44 annualized dividend and a yield of 3.05%. The ex-dividend date is Monday, August 22nd. Welltower's payout ratio is currently 274.16%.