Welltower Inc. (NYSE:WELL – Get Free Report) declared a quarterly dividend on Tuesday, February 10th. Shareholders of record on Wednesday, February 25th will be paid a dividend of 0.74 per share by the real estate investment trust on Tuesday, March 10th. This represents a c) dividend on an annualized basis and a yield of 1.4%. The ex-dividend date is Wednesday, February 25th.
Welltower has decreased its dividend payment by an average of 0.1%per year over the last three years and has raised its dividend annually for the last 2 consecutive years. Welltower has a 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 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 Stock Performance
Shares of WELL stock traded up $7.74 during mid-day trading on Wednesday, hitting $208.58. The stock had a trading volume of 3,233,111 shares, compared to its average volume of 3,028,203. The firm has a market cap of $143.16 billion, a PE ratio of 143.92, a PEG ratio of 1.37 and a beta of 0.85. The company’s 50-day simple moving average is $189.16 and its 200-day simple moving average is $180.76. The company has a debt-to-equity ratio of 0.43, a current ratio of 5.47 and a quick ratio of 5.47. Welltower has a fifty-two week low of $130.29 and a fifty-two week high of $212.62.
About Welltower
Welltower Inc (NYSE: WELL) is a real estate investment trust (REIT) that acquires and manages real estate serving the health care industry. The company specializes in healthcare infrastructure, owning and operating a diversified portfolio of senior housing, post-acute and long-term care communities, and outpatient medical properties. Welltower’s assets are designed to support the delivery of health care services through a combination of leased properties, joint ventures, and other capital arrangements with health care operators and providers.
The company’s property types include assisted living, memory care, independent living and skilled nursing facilities, as well as medical office buildings and other outpatient-care real estate such as ambulatory surgery centers and specialty clinics.
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