Welltower
WELL
Market cap $84.7B

136.02 USD

+1.60

1.19%

At close Nov 15, 4:00 PM EST

After hours

136.02

+0.00

0.00%

1 day

1.19%

5 days

-1.58%

1 month

5.24%

3 months

16.92%

6 months

34.67%

Year to date

50.73%

1 year

57.65%

5 years

61.95%

10 years

89.36%

About: Welltower owns a diversified healthcare portfolio of 2,137 in-place properties spread across the senior housing, medical office, and skilled nursing/post-acute care sectors. The portfolio includes over 100 properties in both Canada and the United Kingdom as the company looks for additional investment opportunities in countries with mature healthcare systems that operate similarly to that of the United States.

Employees: 533

Financials Real Estate Investment Trusts

0

Funds holding %

of 6,704 funds

0

Analysts bullish %

of 5 analysts

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

44% more first-time investments, than exits

New positions opened: 134 | Existing positions closed: 93

18% more capital invested

Capital invested by funds: $61.8B [Q2] → $72.6B (+$10.9B) [Q3]

11% more repeat investments, than reductions

Existing positions increased: 383 | Existing positions reduced: 346

4% more funds holding

Funds holding: 977 [Q2] → 1,018 (+41) [Q3]

5% less funds holding in top 10

Funds holding in top 10: 22 [Q2] → 21 (-1) [Q3]

5.21% less ownership

Funds ownership: 99.11% [Q2] → 93.9% (-5.21%) [Q3]

39% less call options, than puts

Call options by funds: $176M | Put options by funds: $291M

See Fund Rankings

Research analyst outlook

5 Wall Street Analysts provided 1 year price targets over the past 3 months

Low target

$106

22%

downside

Avg. target

$125

8%

downside

High target

$137

1%

upside

5 analyst ratings

2 positive

40%

3 neutral

60%

0 negative

0%

Wells Fargo James Feldman 72% 1-year accuracy 13 / 18 met price target	1%downside $135	Equal-Weight Downgraded	1 Oct 2024
Scotiabank Nicholas Yulico 56% 1-year accuracy 18 / 32 met price target	2%downside $133	Sector Outperform Maintained	23 Sept 2024
Evercore ISI Group Steve Sakwa 53% 1-year accuracy 31 / 59 met price target	16%downside $114	In-Line Maintained	16 Sept 2024
Evercore ISI Group Steve Sakwa 53% 1-year accuracy 31 / 59 met price target	22%downside $106	In-Line Maintained	28 Aug 2024
Deutsche Bank Omotayo Okusanya 72% 1-year accuracy 13 / 18 met price target	1%upside $137	Buy Maintained	21 Aug 2024

See Analyst Rankings

Financial journalist opinion

Based on 12 articles about WELL published over the past 30 days

Welltower: Senior Housing Isn't A Growth Stock

Welltower, Inc. is a REIT focused on senior housing and medical properties, benefiting from an aging population but currently offering a modest 2% dividend yield. The company's dividend has declined from $3.48 per share (2017-2019) to $2.44 in 2023, despite revenue recovery post-COVID. Concerns include low property yields, leverage risks, and reliance on private-pay residents, which may not support long-term dividend growth.

Welltower: Senior Housing Isn't A Growth Stock

MOBs, Office But No Need For Life Support

Unlike in traditional office, healthcare requires in-office interactions, which reduces the risk of ‘work from home'. Outpatient services are taking market share from inpatient (hospital) settings due to better costs and, in some cases, outcomes. America's rapidly aging population is a tailwind for all healthcare real estate.

MOBs, Office But No Need For Life Support

Welltower Inc. (WELL) Q3 2024 Earnings Call Transcript

Welltower Inc. (NYSE:WELL ) Q3 2024 Earnings Conference Call October 29, 2024 9:00 AM ET Company Participants Matthew McQueen - General Counsel Shankh Mitra - Chief Executive Officer John Burkart - Chief Operating Officer Nikhil Chaudhri - Chief Investment Officer Timothy McHugh - Chief Financial Officer Conference Call Participants Jonathan Hughes - Raymond James Nick Joseph - Citi Ronald Kamdem - Morgan Stanley Nicholas Yulico - Scotiabank Austin Wurschmidt - KeyBanc Capital Markets John Pawlowski - Green Street Michael Carroll - RBC Capital Markets Juan Sanabria - BMO Capital Markets Joshua Dennerlein - Bank of America John Kilichowski - Wells Fargo Richard Anderson - Wedbush Wesley Golladay - Baird James Kammert - Evercore Michael Mueller - JPMorgan Omotayo Okusanya - Deutsche Bank Operator Thank you for standing by. My name is Brianna, and I will be your conference operator today.

Welltower Inc. (WELL) Q3 2024 Earnings Call Transcript

Zacks Investment Research

Welltower's Q3 FFO Beats Estimates, Same-Store NOI Rises Y/Y

WELL's Q3 results reflect higher same-store net operating income for the senior housing operating portfolio, driven by strong revenue per occupied room.

Welltower's Q3 FFO Beats Estimates, Same-Store NOI Rises Y/Y

Zacks Investment Research

Welltower (WELL) Reports Q3 Earnings: What Key Metrics Have to Say

While the top- and bottom-line numbers for Welltower (WELL) give a sense of how the business performed in the quarter ended September 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Welltower (WELL) Reports Q3 Earnings: What Key Metrics Have to Say

Zacks Investment Research

Welltower (WELL) Q3 FFO and Revenues Top Estimates

Welltower (WELL) came out with quarterly funds from operations (FFO) of $1.11 per share, beating the Zacks Consensus Estimate of $1.04 per share. This compares to FFO of $0.92 per share a year ago.

Welltower (WELL) Q3 FFO and Revenues Top Estimates

Welltower raises annual FFO forecast on resilient demand for senior housing

Welltower raised its annual funds from operations forecast on Monday, betting on resilient demand for the healthcare real estate investment trust's assisted living and senior housing properties.

Welltower raises annual FFO forecast on resilient demand for senior housing

Welltower Issues Business Update

TOLEDO, Ohio , Oct. 28, 2024 /PRNewswire/ -- Welltower® Inc. (NYSE: WELL) has issued the following business update which can be found at: https://welltower.com/business-update-October2024 About Welltower 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 Issues Business Update

Welltower Reports Third Quarter 2024 Results

TOLEDO, Ohio , Oct. 28, 2024 /PRNewswire/ -- Welltower Inc. (NYSE:WELL) today announced results for the quarter ended September 30, 2024. Recent Highlights Reported net income attributable to common stockholders of $0.73 per diluted share Reported quarterly normalized funds from operations attributable to common stockholders of $1.11 per diluted share, an increase of 20.7% over the prior year Reported total portfolio year-over-year same store NOI ("SSNOI") growth of 12.6%, driven by SSNOI growth in our Seniors Housing Operating ("SHO") portfolio of 23.0% SHO portfolio year-over-year same store revenue increased 8.9% in the third quarter, driven by 310 basis points ("bps") of year-over-year average occupancy growth and Revenue Per Occupied Room ("RevPOR") growth of 4.9% SHO portfolio year-over-year SSNOI margin expanded by 300 bps in the third quarter driven primarily by strong RevPOR growth, which continued to meaningfully outpace Expense per Occupied Room ("ExpPOR") growth During the third quarter, we completed $2.4 billion of pro rata gross investments, including $2.2 billion in acquisitions and loan funding and $203 million in development funding Since the beginning of the year, we have closed or have definitive agreements to close $6.1 billion in pro rata acquisitions and loan funding Improved net debt to Adjusted EBITDA to 3.73x at September 30, 2024 from 5.14x at September 30, 2023 As of September 30, 2024, we had approximately $8.8 billion of available liquidity inclusive of $3.8 billion of available cash and restricted cash and full capacity under our $5.0 billion line of credit As previously announced, the Board of Directors approved a 10% increase in the quarterly dividend per share, reflecting our solid financial performance, low payout ratio owing to outsized levels of cash flow growth and the Board's confidence in the Company's strong growth prospects going forward Capital Activity and Liquidity Liquidity Update During the third quarter, net debt to consolidated enterprise value improved to 13.1% as of September 30, 2024 from 20.9% as of December 31, 2023.

Welltower Reports Third Quarter 2024 Results

These REITs Trade At Discounts, But Should They?

There are substantial valuation gaps among REIT sectors, with some justified by fundamentals and others representing mispricing, providing investment opportunities in undervalued sectors. Hotels and office REITs face significant challenges, including erratic earnings, high costs, and post-COVID demand shifts, making them risky investments despite low multiples. Diversified and retail REITs are undervalued; diversified REITs are misunderstood, and retail REITs have growth potential due to long-term lease roll-ups.

These REITs Trade At Discounts, But Should They?

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