Welltower Inc. (WELL) to Issue Quarterly Dividend of $0.74 on November 20th

Welltower Inc. (NYSE:WELL) announced a quarterly dividend on Monday, October 27th. Shareholders of record on Tuesday, November 11th will be given a dividend of 0.74 per share by the real estate investment trust on Thursday, November 20th. This represents a c) annualized dividend and a yield of 1.6%. The ex-dividend date is Monday, November 10th.

Welltower has decreased its dividend payment by an average of 0.1%annually over the last three years and has increased its dividend annually for the last 2 consecutive years. Welltower has a dividend payout ratio of 126.5% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities research analysts expect Welltower to earn $5.39 per share next year, which means the company should continue to be able to cover its $2.96 annual dividend with an expected future payout ratio of 54.9%.

Welltower Price Performance

Shares of WELL opened at $190.53 on Friday. The business’s 50-day moving average is $173.59 and its two-hundred day moving average is $162.01. The company has a market capitalization of $130.76 billion, a P/E ratio of 131.40, a P/E/G ratio of 1.93 and a beta of 0.92. Welltower has a fifty-two week low of $123.11 and a fifty-two week high of $190.68. The company has a debt-to-equity ratio of 0.43, a quick ratio of 4.19 and a current ratio of 5.47.

Welltower (NYSE:WELL) last posted its earnings results on Monday, October 27th. The real estate investment trust reported $1.34 EPS for the quarter, topping the consensus estimate of $1.30 by $0.04. Welltower had a return on equity of 2.71% and a net margin of 9.69%.The firm had revenue of $2.69 billion for the quarter, compared to analyst estimates of $2.70 billion. During the same period last year, the company earned $1.11 earnings per share. Welltower’s revenue for the quarter was up 30.7% compared to the same quarter last year. Welltower has set its FY 2025 guidance at 5.240-5.300 EPS. Research analysts predict that Welltower will post 4.88 earnings per share for the current year.

About Welltower

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.