Welltower Inc WELL

Morningstar Rating
$227.71 +0.77 (0.34%)
View Full Chart

Company Report

Welltower's Senior Housing Portfolio Continues to Produce Double-Digit NOI Growth

The top healthcare real estate stands to disproportionately benefit from the Affordable Care Act. There is an increased focus on higher-quality care in lower-cost settings. The best owners and operators in the industry, which can provide better outcomes while driving greater efficiencies, should see demand funneled to them from the best healthcare systems. The baby boomer generation is entering its senior years, and the 80-and-older population, which spends more than 4 times on healthcare per person than the national average, should almost double over the next 10 years. Over the long term, the best healthcare companies are well positioned to benefit from these industry tailwinds.

Price vs Fair Value

WELL is trading at a LOCK|@Gc^cc premium.
Price
$226.94
Fair Value
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Uncertainty
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1-Star Price
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5-Star Price
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Economic Moat
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Capital Allocation
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Bulls Say, Bears Say

Bulls

The firm’s intense focus on tenant and operator partnerships produces new off-market investment opportunities, benefiting shareholders. It should see same-store NOI growth above its peers in the senior housing sector due to its operational expertise and the strength of these relationships.

Bears

Healthcare reform affects the operations of Welltower and its tenants, especially exposure to the postacute business. If the company does not anticipate and adapt to changes, it could face significant rent cuts or asset dispositions.

News

Trading Information

Previous Close Price
$226.94
Day Range
$225.36–229.93
52-Week Range
$163.75–255.20
Bid/Ask
$225.50 / $230.27
Shares Outstanding
720.57M
Market Cap
$164.08B
Volume/Avg
3M / 3M

Key Statistics

Price/Earnings (Normalized)
107.62
Price/Sales
12.89
Dividend Yield (Trailing)
1.35%
Dividend Yield (Forward)
1.50%
Dividend Payment Schedule
Mar, May, Aug, Nov
Total Yield
1.35%

Company Profile

Welltower owns a diversified healthcare portfolio of 2,950 in-place properties spread across the senior housing, medical office, and skilled nursing/postacute care sectors. The portfolio includes over 900 properties in 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.
Sector
Real Estate
Industry
REIT - Healthcare Facilities
Stock Style Box
Large Growth
Total Number of Employees
712

Competitors

Valuation

Metric
WELL
VTR
DOC
Price/Earnings (Normalized)
107.62188.5279.59
Price/Book Value
3.522.931.71
Price/Sales
12.896.274.57
Price/Cash Flow
44.5323.0812.11
Price/Earnings
WELL
VTR
DOC

Financial Strength

Metric
WELL
VTR
DOC
Quick Ratio
3.100.520.90
Current Ratio
3.160.590.96
Interest Coverage
0.581.362.32
Quick Ratio
WELL
VTR
DOC

Profitability

Metric
WELL
VTR
DOC
Return on Assets (Normalized)
4.69%1.17%0.96%
Return on Equity (Normalized)
7.25%2.51%2.56%
Return on Invested Capital (Normalized)
5.87%3.16%2.84%
Return on Assets
WELL
VTR
DOC

REIT - Healthcare Facilities Industry Comparables

1-Day Chart
Name
Price
Morningstar Rating for Stocks
Capital Allocation
Economic Moat
Market Cap
Ventas Inc
VTR
LOCK|dv<pCYrBLOCK|@&d$43B
Omega Healthcare Investors Inc
OHI
—LOCK|Fcd$14B
Healthpeak Properties Inc
DOC
LOCK|bkg^$QLOCK|b>$13B
American Healthcare REIT Inc Ordinary Shares
AHR
—LOCK|?@V@$11B
CareTrust REIT Inc
CTRE
—LOCK|CyJs$8B
Healthcare Realty Trust Inc
HR
—LOCK|^x$6B
Aedifica SA
AEDFF
—LOCK|jr$6B
Sabra Health Care REIT Inc
SBRA
—LOCK|>M$5B
Chartwell Retirement Residences
CWSRF
—LOCK|!%$5B

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