Welltower (WELL) AI Stock Analysis

• Market Cap: $133.02B
• Dividend Yield: 1.45%
• Average Volume (3M): 2.96M
• Price to Earnings (P/E): 146.1
• Beta (1Y): 0.29
• Revenue Growth: 32.27%
• EPS Growth: 67.00%
• Country: US
• Employees: 685
• Sector: Real Estate
• Sector Strength: 53
• Industry: REIT - Healthcare Facilities
• EPS (TTM): 0.41
• Shares Outstanding: 686,328,060
• 10 Day Avg. Volume: 3,120,569
• 30 Day Avg. Volume: 2,959,362
• PEG Ratio: 0.57
• Price to Book (P/B): 2.38
• Price to Sales (P/S): 9.68
• P/FCF Ratio: 34.57
• Enterprise Value/Market Cap: 1.01
• Enterprise Value/Revenue: 13.65
• Enterprise Value/Gross Profit: 34.81
• Enterprise Value/Ebitda: 38.20
• 1Y Price Target: $198.69
• Price Target Upside: 2.51% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 14
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 77 Outperform
• Price Target: $204.00 ▲(5.25% Upside)

Welltower's strong financial performance and positive earnings call sentiment are the most significant factors driving the score. The company's strategic initiatives and robust cash flow generation position it well in the healthcare REIT sector. However, the high P/E ratio and modest dividend yield suggest valuation concerns, while technical indicators show strong momentum with caution for potential overbought conditions.

Positive Factors

Revenue Growth

Consistent revenue growth indicates robust demand for Welltower's healthcare properties, enhancing its market position in the healthcare REIT sector.

Strategic Expansion

The acquisition of high-quality assets in the UK strengthens Welltower's international presence and diversifies its revenue streams.

Cash Flow Generation

Strong cash flow generation supports Welltower's ability to reinvest in growth opportunities and maintain financial stability.

Negative Factors

Operational Cost Pressures

Decreasing margins suggest rising operational costs, which could pressure profitability if not managed effectively.

Earnings Dilution

Earnings dilution from new acquisitions may impact near-term profitability, requiring careful management to realize long-term benefits.

High Upfront Costs

Significant upfront costs for new incentive plans could strain short-term financials, affecting net income and cash reserves.

Welltower Business Overview & Revenue Model

Company Description

Welltower Inc. (WELL) is a real estate investment trust (REIT) that focuses on the healthcare infrastructure sector. The company primarily invests in senior housing, post-acute care, and outpatient medical properties across the United States, Canada, and the United Kingdom. Welltower partners with leading operators to provide high-quality living environments and healthcare services for seniors, making it a key player in the aging population market.

How the Company Makes Money

Welltower generates revenue primarily through rental income from its diversified portfolio of healthcare properties, which includes senior housing communities, nursing facilities, and outpatient medical centers. The company leases its properties to experienced operators under long-term agreements, typically structured as triple-net leases, where the operator is responsible for property expenses. Additionally, Welltower benefits from property appreciation and value creation through strategic property acquisitions and redevelopment projects. The company also engages in joint ventures with healthcare operators and invests in development projects, which can provide additional revenue streams. Key partnerships with leading healthcare operators enhance its portfolio's value and occupancy rates, contributing significantly to Welltower's income.

Welltower Financial Statement Overview

Summary

Welltower exhibits strong financial health with significant revenue growth and improved profitability. The balance sheet shows prudent leverage management, though return on equity could be enhanced. Cash flow metrics are solid, reflecting efficient cash generation and utilization. Overall, the company is well-positioned in the REIT healthcare facilities sector.

Income Statement

Welltower has demonstrated strong revenue growth with a TTM increase of 7.39% and consistent gross profit margins around 39%. The net profit margin has improved to 9.77% in the TTM, indicating enhanced profitability. However, the EBIT and EBITDA margins have slightly decreased, suggesting some operational cost pressures.

Balance Sheet

The company's debt-to-equity ratio has improved to 0.47 in the TTM, reflecting better leverage management. Return on equity remains modest at 2.73%, indicating room for improvement in generating returns for shareholders. The equity ratio is stable, suggesting a solid asset base.

Cash Flow

Welltower's free cash flow growth is robust at 7.32% in the TTM, and the operating cash flow to net income ratio is strong at 1.37, indicating efficient cash generation. The free cash flow to net income ratio is nearly 1, showing effective conversion of profits into cash.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	9.81B	7.85B	6.48B	5.78B	4.71B	4.59B
Gross Profit	3.85B	3.02B	2.53B	2.22B	1.93B	1.99B
EBITDA	3.50B	2.78B	2.40B	2.04B	1.71B	1.53B
Net Income	957.98M	951.68M	340.09M	141.21M	336.14M	978.84M
Balance Sheet
Total Assets	59.50B	51.04B	44.01B	37.89B	34.91B	32.48B
Cash, Cash Equivalents and Short-Term Investments	6.81B	3.51B	1.99B	631.68M	269.26M	1.55B
Total Debt	18.16B	16.76B	16.12B	14.96B	14.68B	14.22B
Total Liabilities	20.48B	18.47B	17.64B	16.50B	15.91B	15.26B
Stockholders Equity	38.76B	31.96B	25.40B	20.29B	17.64B	15.97B
Cash Flow
Free Cash Flow	2.77B	2.20B	1.55B	1.30B	1.26B	1.35B
Operating Cash Flow	2.79B	2.26B	1.60B	1.33B	1.28B	1.36B
Investing Cash Flow	-7.26B	-5.51B	-5.71B	-3.70B	-4.52B	2.35B
Financing Cash Flow	7.56B	4.91B	5.45B	2.76B	1.57B	-2.08B

Welltower Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 193.82
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Negative
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For WELL, the sentiment is Positive. The current price of 193.82 is above the 20-day moving average (MA) of 183.22, above the 50-day MA of 175.34, and above the 200-day MA of 157.55, indicating a bullish trend. The MACD of 5.32 indicates Negative momentum. The RSI at 74.98 is Negative, neither overbought nor oversold. The STOCH value of 90.63 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for WELL.

Welltower Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
CTRE	79 Outperform	$8.01B	26.73	8.13%	3.61%	59.25%	88.37%
WELL	77 Outperform	$133.02B	146.08	2.78%	1.45%	32.27%	67.00%
OHI	76 Outperform	$12.99B	24.70	11.28%	6.10%	13.50%	31.56%
SBRA	74 Outperform	$4.65B	25.65	6.29%	6.43%	8.12%	75.95%
VTR	68 Neutral	$37.54B	147.42	2.15%	2.42%	15.69%	―
Sector *	65 Neutral	$2.17B	12.19	3.79%	4.94%	3.15%	1.96%
DOC	63 Neutral	$12.32B	―	-0.48%	6.45%	9.58%	-111.99%

Welltower Corporate Events

Welltower’s Earnings Call: Strategic Shifts and Strong Growth

Welltower, Inc. recently held its earnings call, revealing a mix of achievements and challenges. The company celebrated significant milestones in capital allocation and strong performance in the senior housing sector. However, the exit from the outpatient property management business and potential near-term earnings dilution pose challenges. The strategic shift towards technology and operations in Welltower 3.0 reflects a forward-looking approach.

Welltower Inc. Reports Strong Q3 2025 Performance

Welltower Inc., a prominent player in the real estate investment trust (REIT) sector, specializes in rental housing for seniors across the United States, United Kingdom, and Canada. The company is known for its extensive portfolio of senior and wellness housing communities, strategically located in attractive markets.

Welltower Announces New $7.5 Billion Equity Agreement

On October 28, 2025, Welltower Inc. announced a new equity distribution agreement allowing for the sale of up to $7.5 billion in common stock through various sales agents. This move, which replaces a previous agreement from March 2025, is part of Welltower’s strategy to manage its capital structure and potentially fund future acquisitions. Additionally, Welltower filed prospectus supplements with the SEC to register the resale of shares issued for recent acquisitions and the possible issuance of shares related to redemption of OP Units, indicating ongoing strategic financial maneuvers to support its growth and operational flexibility.

The most recent analyst rating on (WELL) stock is a Buy with a $200.00 price target. To see the full list of analyst forecasts on Welltower stock, see the WELL Stock Forecast page.

Welltower Launches Ten-Year Executive Continuity Program

On October 27, 2025, Welltower Inc. announced the adoption of a Ten-Year Executive Continuity and Alignment Program, aimed at securing its senior leadership team and aligning their interests with shareholders. This program includes a long-term equity-based incentive structure for its executives, with a focus on achieving market capitalization and total shareholder return milestones. The initiative is expected to drive long-term shareholder returns and reinforce Welltower’s position as a leader in the healthcare REIT sector, particularly as it intensifies its focus on seniors housing and technology-driven operational excellence.

The most recent analyst rating on (WELL) stock is a Buy with a $200.00 price target. To see the full list of analyst forecasts on Welltower stock, see the WELL Stock Forecast page.

Welltower Reports Strong Q3 Results and Major Investments

On October 27, 2025, Welltower Inc. announced its third-quarter results, highlighting a 20.7% increase in normalized funds from operations and a 14.5% growth in same-store NOI, driven by strong performance in its Seniors Housing Operating portfolio. The company completed $1.9 billion in investments and announced $23 billion in transaction activities, including significant acquisitions in the U.S. and U.K., which are expected to enhance its market position and growth potential. Additionally, Welltower introduced a Ten Year Executive Continuity and Alignment Program to secure its leadership team, aiming for long-term stability and alignment with shareholder interests.

The most recent analyst rating on (WELL) stock is a Buy with a $200.00 price target. To see the full list of analyst forecasts on Welltower stock, see the WELL Stock Forecast page.

Welltower Issues $1 Billion in New Notes

On August 4, 2025, Welltower OP LLC, a prominent player in the healthcare and seniors housing property sector, issued $1 billion in notes, consisting of $400 million in 4.500% Notes due 2030 and $600 million in 5.125% Notes due 2035. These notes are guaranteed by Welltower Inc. and are part of a strategic financial maneuver to bolster the company’s capital for general corporate purposes, including debt repayment and investment opportunities in its core markets.

The most recent analyst rating on (WELL) stock is a Buy with a $155.00 price target. To see the full list of analyst forecasts on Welltower stock, see the WELL Stock Forecast page.

Welltower Inc. Reports Strong Q2 2025 Results

Welltower Inc., a leading S&P 500 company, specializes in residential wellness and healthcare infrastructure, operating over 1,500 senior and wellness housing communities across the United States, United Kingdom, and Canada. The company aims to integrate housing, healthcare, and hospitality to create vibrant communities for mature renters and older adults.

Welltower Inc. Reports Robust Growth in Earnings Call

The recent earnings call of Welltower Inc. showcased a positive sentiment, highlighting significant growth in key financial metrics such as Funds From Operations (FFO), Net Operating Income (NOI), and occupancy gains. Despite facing challenges, particularly with the Holiday by Atria portfolio, the company’s overall growth trajectory and robust capital deployment were emphasized, painting an optimistic picture for stakeholders.