Welltower Inc. (NYSE:WELL - Get Free Report)'s share price rose 4.9% during mid-day trading on Tuesday after the company announced a dividend. The stock traded as high as $137.00 and last traded at $136.93. Approximately 1,921,157 shares traded hands during trading, a decline of 28% from the average daily volume of 2,667,747 shares. The stock had previously closed at $130.57.
The newly announced dividend which will be paid on Thursday, November 21st. Stockholders of record on Wednesday, November 13th will be given a $0.67 dividend. This represents a $2.68 annualized dividend and a dividend yield of 1.95%. The ex-dividend date is Wednesday, November 13th. Welltower's payout ratio is 330.86%.
Wall Street Analysts Forecast Growth
Several analysts have recently commented on WELL shares. Wedbush increased their price objective on Welltower from $100.00 to $120.00 and gave the company a "neutral" rating in a report on Monday, August 5th. Scotiabank boosted their price target on Welltower from $121.00 to $133.00 and gave the stock a "sector outperform" rating in a research note on Monday, September 23rd. Morgan Stanley increased their price objective on shares of Welltower from $103.00 to $107.50 and gave the company an "overweight" rating in a research report on Thursday, July 11th. Wells Fargo & Company restated an "equal weight" rating and set a $135.00 price target (up previously from $134.00) on shares of Welltower in a research note on Tuesday, October 1st. Finally, KeyCorp lifted their price objective on shares of Welltower from $95.00 to $115.00 and gave the stock an "overweight" rating in a research note on Tuesday, July 2nd. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, seven have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, Welltower has a consensus rating of "Moderate Buy" and a consensus price target of $115.38.
Read Our Latest Stock Analysis on Welltower
Welltower Stock Performance
The stock has a market cap of $82.12 billion, a price-to-earnings ratio of 169.56, a price-to-earnings-growth ratio of 2.91 and a beta of 1.21. The stock's 50-day moving average is $126.35 and its 200-day moving average is $111.71. The company has a debt-to-equity ratio of 0.47, a current ratio of 4.07 and a quick ratio of 4.07.
Welltower (NYSE:WELL - Get Free Report) last posted its earnings results on Monday, October 28th. The real estate investment trust reported $0.73 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.04 by ($0.31). The business had revenue of $2.06 billion for the quarter, compared to analyst estimates of $1.95 billion. Welltower had a return on equity of 2.21% and a net margin of 8.36%. The firm's revenue for the quarter was up 23.7% compared to the same quarter last year. During the same period last year, the company posted $0.92 EPS. Analysts anticipate that Welltower Inc. will post 4.19 EPS for the current fiscal year.
Institutional Trading of Welltower
A number of hedge funds have recently made changes to their positions in the company. Connors Investor Services Inc. grew its stake in Welltower by 10.6% in the 1st quarter. Connors Investor Services Inc. now owns 117,715 shares of the real estate investment trust's stock valued at $10,999,000 after buying an additional 11,238 shares during the last quarter. Nordea Investment Management AB lifted its stake in shares of Welltower by 88.1% during the first quarter. Nordea Investment Management AB now owns 1,118,333 shares of the real estate investment trust's stock valued at $104,072,000 after acquiring an additional 523,656 shares during the period. Centersquare Investment Management LLC grew its position in shares of Welltower by 19.0% during the 1st quarter. Centersquare Investment Management LLC now owns 5,329,248 shares of the real estate investment trust's stock worth $507,771,000 after buying an additional 849,898 shares during the period. Intech Investment Management LLC raised its position in shares of Welltower by 147.9% during the 1st quarter. Intech Investment Management LLC now owns 22,294 shares of the real estate investment trust's stock valued at $2,083,000 after acquiring an additional 13,300 shares during the last quarter. Finally, Burke & Herbert Bank & Trust Co. bought a new stake in Welltower in the second quarter valued at about $674,000. Hedge funds and other institutional investors own 94.80% of the company's stock.
About Welltower
(
Get Free Report)
Welltower Inc NYSE: WELL, a real estate investment trust ("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 infrastructure needed to scale innovative care delivery models and improve people's wellness and overall health care experience.
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