Welltower Inc.

Welltower Inc.

WELLยทNYSE

$199.78

+2.3%
Real EstateREIT - Healthcare Facilities

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, a real estate investment trust (REIT), owns interests in properties concentrated in major, high-growth markets in the United States, Canada and the United Kingdom, consisting of seniors housing and post-acute communities and outpatient medical properties.

At a Glance

Live Snapshot
Market Cap$141.03B
EPS1.4100
P/E Ratio141.69
Earnings Date07/27/2026

Intrinsic Alpha Methodology

Thesis Lenses

Signal ยท Driver ยท Risk

Signal

High confidence

Valuation multiple is elevated (P/E 141.7).

Valuation inputs: P/E 141.7, earnings yield +0.7%, momentum +2.3%.

If multiples stay elevated while momentum fades, downside repricing risk rises.

Driver

High confidence

Return profile is soft (ROE +2.2%, ROIC +0.5%).

Profitability stack: net margin +8.8%, ROE +2.2%, ROIC +0.5%.

Quality deterioration often appears in margins before it shows up in headline EPS.

Risk

High confidence

Downside profile looks controlled across current risk inputs.

Risk factors: liabilities/assets +35.8%, momentum +2.3%, net margin +8.8%.

Higher leverage with weak momentum and thin margins can amplify drawdown severity.

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Welltower Inc. Market vs Earnings Trajectory

WELL ยท NYSE

Loading price and EPS data...

Welltower Inc.

Welltower Inc. Fair Value Envelope

WELL ยท NYSE

Our analysis suggests that WELL has a fair value of HIDDEN per share in the Base Case projection. With shares currently trading at $199.78, this represents a potential HIDDEN relative to our calculated worth for Welltower Inc..

Intrinsic Value
Current Price: $199.78
3Y+355.0%
5Y-40.0%
10Y-50.0%
3Y+85.0%
5Y+133.0%
10Y+151.0%
3Y+563.0%
5Y-4.0%
10Y-13.0%
3Y+117.0%
5Y+111.0%
10Y+77.0%
3Y+119.0%
5Y+111.0%
10Y+77.0%
3Y+78.0%
5Y+107.0%
10Y+133.0%
Welltower Inc.

Welltower Inc. Profit Bridge

WELL ยท NYSE
Revenue10.67B
Cost of Goods Sold (6.49B)
Gross Profit4.18B
Operating Expenses (3.82B)
Operating Income355.17M
Interest Expense (651.96M)
Other Income/Expense599.55M
Pretax Income954.72M
Income Tax (-7.12M)
Net Income936.85M
Net Income
936.85M

Profitability Analysis

Gross Margin

39.2%

Strong gross margins indicate healthy pricing and efficient production or service delivery.

Operating Margin

3.3%

Minimal operating profit suggests high operating costs or pricing challenges. Scalability is concerning.

Net Profit Margin

8.8%

Moderate profitability with room for improvement. Monitor interest expenses and tax efficiency.

Effective Tax Rate

-0.7%

Below-average tax rate suggests effective tax planning, favorable jurisdictions, or tax credits.

Profitability Insight

Margin squeeze alert: Healthy gross margins but weak operating margins suggest excessive operating expenses. Cost optimization could unlock significant value.

39.18%
Gross Profit Margin
2%
3Y+2.0%
5Y-10.0%
10Y-30.0%
3.33%
Operating Profit Margin
-77%
3Y-74.0%
5Y-79.0%
10Y-89.0%
8.78%
Net Profit Margin
-28%
3Y+259.0%
5Y-59.0%
10Y-65.0%
2.22%
Return on Equity
-25%
3Y+220.0%
5Y-64.0%
10Y-69.0%
1.39%
Return on Assets
-25%
3Y+273.0%
5Y-54.0%
10Y-63.0%
0.54%
Return on Invested Capital
-76%
3Y-72.0%
5Y-76.0%
10Y-89.0%
WELL

Welltower Inc. Cash Conversion Engine

WELL ยท NYSE
Net Income961.84M
Depreciation & Amortization2.14B
Stock-Based Compensation1.56B
Change in Working Capital-280.78M
Others-1.49B
Capital Expenditures-33.80M
Free Cash Flow2.85B

Cash Flow Quality Analysis

FCF Conversion Rate

296.1%

Excellent cash generation. The company converts earnings to cash at or above 100%, indicating high-quality earnings.

CapEx Intensity

1.2%

Asset-light business model. Low capital requirements leave more cash available for shareholders and growth investments.

FCF Growth Trend

+29.5%

Strong FCF growth demonstrates improving cash generation and business momentum. Positive signal for sustainability.

Working Capital Impact

-$280.78M

Minimal working capital impact on FCF. Changes in operating assets and liabilities well-managed.

Cash Flow Quality Insight

Exceptional cash generation: High-quality earnings converting to growing free cash flow. The company demonstrates strong pricing power, efficient operations, and disciplined capital allocation.

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Welltower Inc. Funding & Solvency Profile

WELL ยท NYSE
Cash & Cash Equivalents4.70B
Net Receivables0.00
Inventory0.00
Other Current Assets2.67B
Total Current Assets7 B
Property, Plant & Equipment53.92B
Goodwill & Intangible Assets2.85B
Long-Term Investments4.67B
Other Non-Current Assets-1.59B
Total Non-Current Assets57 B
Total Assets
67.22B

Financial Health Analysis

Current Ratio

3.20x

Excellent liquidity position. The company can easily cover its short-term obligations with substantial cushion.

Debt-to-Equity Ratio

0.50x

Conservative capital structure. The company relies primarily on equity financing, indicating low financial risk.

Working Capital

5 B

Strong working capital position provides significant operational flexibility and financial cushion.

Asset Composition

11% Current

Capital-intensive business with significant long-term investments in property, equipment, or intangibles.

Financial Health Insight

Strong financial foundation: Excellent liquidity combined with conservative leverage suggests the company is well-positioned to weather economic uncertainties and fund growth opportunities.

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Welltower Inc. Street Expectations Map

WELL ยท NYSE

Wall Street analysts project that WELL stock may rise significantly over the coming 12 months. The consensus 1-year price target stands at 239.11, with estimates ranging from a low of 215.00 to a high of 249.00.

Lowest Target
215.00
7.62%
Consensus Target
239.11
19.69%
Highest Target
249.00
24.64%

The consensus 1-year price target stands at 239.11, with estimates ranging from a low of 215.00 to a high of 249.00.

Analyst Consensus Analysis

Upside Potential

+19.7%

Strong upside potential. Consensus indicates attractive return opportunity with favorable risk-reward profile.

Analyst Agreement

14.2% spread

High analyst agreement. Narrow target range indicates strong consensus on valuation, suggesting clear investment thesis and predictable outlook.

Analyst Conviction

Very High

Strong buy conviction: High upside with tight consensus suggests compelling investment opportunity backed by analyst confidence.

Market Sentiment Insight

Monitor and evaluate: Current analyst consensus suggests limited conviction or near-term catalysts. Stay informed on company developments and reassess positioning as new information emerges.

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Welltower Inc. Insider Positioning

WELL ยท NYSE

During the last 12 months, insiders have purchased $1.51M and sold $19.25M worth of WELL shares, resulting in $17.74M of net selling activity.

3 Months

Bought

0

0.00

Sold

0

0.00

Net Activity

+0

+$0

3-6 Months

Bought

0

0.00

Sold

0

0.00

Net Activity

+0

+$0

6-9 Months

Bought

0

0.00

Sold

0

0.00

Net Activity

+0

+$0

9-12 Months

Bought

10.0K

1.51M

Sold

126.3K

19.25M

Net Activity

-17.7M

-$17.74M

Top Buyers

1
GA

Gundlach Andrew

Director

10.0K sharesโ€ข1 transactions

$1.51M

Top Sellers

1
MS

Mitra Shankh

Director, Officer: Ceo

86.2K sharesโ€ข2 transactions

$13.15M

2
MT

Mchugh Timothy

Officer: Co-President And Cfo

13.1K sharesโ€ข1 transactions

$2.00M

3
CN

Chaudhri Nikhil

Officer: Co-President And Cio

9.2K sharesโ€ข1 transactions

$1.41M

4
MMG

Mcqueen Matthew Grant

Officer: Chief Legal Officer

8.9K sharesโ€ข1 transactions

$1.35M

5
BJF

Burkart John F.

Officer: Vice Chairman And Coo

8.9K sharesโ€ข1 transactions

$1.35M

Insider Activity Analysis

Net Insider Sentiment

Bearish

Strong bearish signal with $17.74M net selling. Heavy insider selling may indicate concerns about valuation or near-term prospects.

Buy/Sell Ratio

0.08:1

Very poor ratio. Heavy selling with minimal buying suggests insiders may be concerned about valuation or outlook.

Insider Participation

High Selling

5 insider sellers vs. 1 buyers. Widespread selling across multiple insiders may signal concerns.

0.38%
Dividend Yield
-6%
3Y-56.0%
5Y-56.0%
10Y-68.0%
ย 

well Dividend History

WELL
10Y CAGR 1%
Latest $0.74
Annual $3.63
Stable dividend payments
Last Period: +0%