Welltower (WELL) AI Stock Analysis

• Market Cap: $110.77B
• Dividend Yield: 1.66%
• Average Volume (3M): 2.30M
• Price to Earnings (P/E): 136.2
• Beta (1Y): 0.39
• Revenue Growth: 30.73%
• EPS Growth: 96.48%
• Country: US
• Employees: 685
• Sector: Real Estate
• Sector Strength: 50
• Industry: REIT - Healthcare Facilities
• EPS (TTM): 0.45
• Shares Outstanding: 667,943,900
• 10 Day Avg. Volume: 2,163,659
• 30 Day Avg. Volume: 2,296,348
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• Enterprise Value/Market Cap: 1.05
• Enterprise Value/Revenue: 12.71
• Enterprise Value/Gross Profit: 32.85
• Enterprise Value/Ebitda: 35.40
• 1Y Price Target: $180.78
• Price Target Upside: 9.01% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 9

• Rating: 77 Outperform
• Price Target: $189.00 ▲(13.97% Upside)

Welltower's strong financial performance and positive earnings call results are the most significant strengths, supporting a high score. However, expensive valuation and overbought technical indicators present risks, slightly tempering the overall score.

Positive Factors

Earnings

Welltower reported a Normalized FFO that was above consensus, driven by NOI, other income, and income tax benefits.

Investment Activity

Management suggests a strong acquisition pipeline and potential for investment activity to reach $10B, leveraging current capital markets volatility.

Occupancy Growth

Welltower, Inc. achieved its highest occupancy gain in history, with a 400 basis points increase in SHOP occupancy year over year.

Negative Factors

Balance Sheet

Investment activity has the potential to reach $10B given an opportunistic balance sheet and cost of capital.

Market Volatility

The acquisition pipeline remains strong with management leaning into opportunities created by current capital markets volatility.

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 shows strong financial health with solid revenue and net income growth. The balance sheet is stable with reduced debt levels and a high equity ratio, while cash flow metrics demonstrate efficient cash generation.

Income Statement

Welltower exhibits strong revenue growth with a TTM revenue of $9.17 billion, up from $7.85 billion annually. Gross profit margin remains solid at 33.5% TTM. Net income has notably increased, resulting in a strong net profit margin of 12.3% TTM. The EBIT and EBITDA margins are robust, indicating efficient operations and strong earnings before interest, taxes, depreciation, and amortization.

Balance Sheet

The balance sheet reflects a healthy equity position with stockholders' equity at $35.90 billion, contributing to an equity ratio of 64.3% TTM. Welltower has managed to reduce its total debt to $2.52 billion, significantly improving the debt-to-equity ratio. Return on equity is strong at 3.1% TTM, showcasing effective use of equity.

Cash Flow

Operating cash flow is robust at $2.61 billion TTM, with a free cash flow of $2.58 billion. The free cash flow growth is positive, and the operating cash flow to net income ratio is 2.3, indicating strong cash generation relative to net income. Free cash flow to net income ratio stands at 2.3, demonstrating excellent cash earnings.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	9.14B	7.85B	6.48B	5.78B	4.71B	4.59B
Gross Profit	3.54B	3.02B	2.53B	2.22B	1.93B	1.99B
EBITDA	3.28B	2.78B	2.40B	2.04B	1.71B	1.53B
Net Income	1.13B	951.68M	340.09M	141.21M	336.14M	978.84M
Balance Sheet
Total Assets	55.83B	51.04B	44.01B	37.89B	34.91B	32.48B
Cash, Cash Equivalents and Short-Term Investments	4.41B	3.51B	1.99B	631.68M	269.26M	1.55B
Total Debt	17.31B	16.76B	16.12B	14.96B	14.68B	14.22B
Total Liabilities	19.29B	18.47B	17.64B	16.50B	15.91B	15.26B
Stockholders Equity	35.90B	31.96B	25.40B	20.29B	17.64B	15.97B
Cash Flow
Free Cash Flow	2.58B	2.20B	1.55B	1.30B	1.26B	1.35B
Operating Cash Flow	2.61B	2.26B	1.60B	1.33B	1.28B	1.36B
Investing Cash Flow	-7.08B	-5.51B	-5.71B	-3.70B	-4.52B	2.35B
Financing Cash Flow	5.99B	4.91B	5.45B	2.76B	1.57B	-2.08B

Welltower Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 165.84
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

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 165.84 is above the 20-day moving average (MA) of 165.54, above the 50-day MA of 159.18, and above the 200-day MA of 145.23, indicating a bullish trend. The MACD of 1.50 indicates Positive momentum. The RSI at 57.32 is Neutral, neither overbought nor oversold. The STOCH value of 52.66 is Neutral, 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	80 Outperform	$7.67B	28.50	8.36%	3.64%	50.84%	104.44%
WELL	77 Outperform	$110.77B	136.21	3.48%	1.66%	30.73%	96.48%
OHI	76 Outperform	$12.40B	26.36	10.47%	6.38%	12.73%	23.51%
VTR	76 Outperform	$31.50B	156.58	1.81%	2.75%	12.45%	―
SBRA	74 Outperform	$4.60B	25.32	6.66%	6.25%	6.89%	240.70%
DOC	65 Neutral	$12.44B	75.20	1.97%	6.35%	15.91%	-49.49%
Sector *	63 Neutral	$7.00B	13.54	-0.52%	7.07%	3.61%	-22.78%

Welltower Corporate Events

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 Registers Shares for Recent Acquisition

On July 29, 2025, Welltower Inc. filed a prospectus supplement with the SEC to register the offer and resale of up to 949,412 shares of its common stock. This filing is related to its recent acquisition of certain properties, reflecting the company’s ongoing strategic expansion in the healthcare real estate sector.

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 Issues $1.25 Billion in New Notes

On June 27, 2025, Welltower OP LLC issued $1.25 billion in notes, comprising $600 million of 4.500% Notes due 2030 and $650 million of 5.125% Notes due 2035. The proceeds from these notes are intended for general corporate purposes, including debt repayment and investment in healthcare and seniors housing properties, reflecting the company’s strategic focus on expanding its real estate portfolio in these sectors.

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 Shareholders Elect Directors and Approve Plans

At the 2025 Annual Meeting of Shareholders on May 22, 2025, Welltower Inc. shareholders elected nine directors, ratified Ernst & Young LLP as the independent auditor for 2025, approved executive compensation, and amended the 2022 Long-Term Incentive Plan. These decisions reflect shareholder support for the company’s leadership and strategic direction, potentially strengthening its governance and financial oversight.

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.