Welltower stock sheds 1.63% and underperforms competitors
Updated
Updated · MarketWatch · May 7
Welltower stock sheds 1.63% and underperforms competitors
9 articles · Updated · MarketWatch · May 7
Shares closed at $212.95 on Thursday, as the S&P 500 fell 0.38% to 7,337.11 and the Dow dropped 0.63% to 49,596.97.
Welltower finished 3.02% below its 52-week high of $219.59 reached on 29 April, while rivals Ventas slipped 0.08%, Healthpeak rose 0.82% and Medical Properties Trust gained 1.91%.
Trading volume was 2.7 million shares, about 272,241 below its 50-day average of 3.0 million, indicating lighter-than-usual activity during the broader market sell-off.
Is Welltower's high valuation and 146% dividend payout ratio a sign of an impending correction for the healthcare REIT?
Why is an activist betting on a 60% crash for a company with soaring profits and a consensus 'Buy' rating?