WELL
Welltower
$237.35
▲ 0.6%Updated Aug 7, 11:30 AM ET
WELL at a glance — five pillars scored 0–100 from real filed financials.
Overall: Neutral · 48/100. A wider, greener shape means more pillars look healthy. Dividends scores 0 when a company pays none — that is a choice, not a flaw.
▲ Up 34.9% over the last 12 months
Market Cap
$150.71B
P/E
119.03x
Forward P/E (est.)
102.9x
ROE
3.5%
Revenue Growth
37.5%
EPS Growth
15.7%
Profit Margin
12.0%
FCF Yield
1.6%
Debt / Equity
0.47x
ROIC
—
Interest Coverage
—
Current Ratio
—
Dividend Yield
1.4%
Implied Growth (rev. DCF)
7.7%
Rating Score
48/100
Welltower (WELL) is a large-cap company in the Health Care REITs industry, part of the Real Estate sector of the S&P 500, with a market value around $150.71B.
In its latest reported year it generated about $10.84B in revenue.
Our model rates WELL Neutral (48/100) on growth, profitability, financial health, and valuation. The summary below is built from its filed financials and current ratios and refreshes automatically.
Technical analysis reads price and volume to judge momentum and timing. It complements the fundamentals above — it does not replace them. Here is what WELL's chart says today, with each tool explained.
Trend — moving averages. A moving average is the average closing price over a window, which smooths out daily noise. WELL trades near $237.35, above its 50-day average ($213.62) and 200-day average ($197.28). Price above both averages, with the shorter one above the longer, is the textbook definition of an uptrend — momentum favours buyers.
Momentum — RSI. The Relative Strength Index runs 0–100 and measures how strong recent gains are versus losses. Above 70 is "overbought", below 30 "oversold". At 79 it is overbought — the recent rally is stretched and can cool off.
MACD. MACD compares two moving averages to flag shifts in momentum. Its histogram is currently positive — short-term momentum is improving.
Volatility — ATR. Average True Range is the typical daily move. WELL's is $5.53 (~2.3% of price), so swings of about that size each day are normal — handy for setting a stop that isn't too tight.
Support & resistance. Over the last month WELL found buyers near $198.25 (support) and sellers near $236.06 (resistance); its 52-week range is $148.97–$236.06. A decisive break beyond either edge often marks the next move.
Volume. The latest session traded 1.1× the 20-day average — about normal. Rising volume on up-days suggests real buying; on down-days, real selling.
Educational information to help you read a chart — not a recommendation or a forecast. It updates daily as the price and indicators change.
4Y CAGR
23.0%
Revenue moved from $4.28B in 2016 to $10.84B in 2025, a 10.9% compound annual growth rate. The most recent year grew a strong 37.5% year over year. Consistent top-line growth is one sign of healthy demand.
Gross Margin
40.6%
Operating Margin
3.3%
Net Margin
12.0%
ROE
3.5%
Welltower keeps about 12.0% of each sales dollar as net profit, with a 40.6% gross margin and 3.3% operating margin. Return on equity is 3.5%. Margins are moderate — typical of a competitive but profitable business.
Total Debt
$17.93B
Net Debt
$13.23B
Net Debt / EBITDA
—
Debt / Equity
0.47x
Leverage: debt-to-equity is 0.5x. That is a conservative balance sheet — a cushion in downturns. It carries roughly $17.93B of total debt against $4.70B of cash.
Operating CF
$2.88B
Free Cash Flow
$1.83B
FCF Margin
16.9%
In the latest year Welltower produced about $2.88B of operating cash flow and $1.83B of free cash flow after capital spending. That is a free-cash-flow yield of about 1.6% on today's price. Cash flow is what ultimately pays shareholders, so it is worth tracking over time.
Can the payout survive a bad year? Scored from filed cash flow, earnings coverage, and the raise/cut record.
Coverage is weak, the payout was cut recently, or it's being financed rather than earned — treat the current yield as fragile.
Dividend yield
1.4%
Per share (latest FY)
$2.82
Total paid (latest FY)
$1.88B
History on record
10 years
dividend uses 103% of free cash flow
total dividends increased 4 years in a row
payout was cut at least once in the last 10 years
Coverage uses the latest fiscal year as filed with the SEC; the streak counts total dollars paid (per-share figures can carry split artifacts). Educational information, not income advice.
P/E
119.03x
P/S
13.91x
P/B
3.4x
EV / EBITDA
—
WELL trades at 119.0x trailing earnings (about 102.9x on estimated forward earnings), 13.9x sales, and 3.4x book value. Reverse-engineering today's price implies the market expects roughly 7.7% long-term free-cash-flow growth. That is a rich multiple that prices in a lot of future growth.
A two-stage discounted cash flow on real SEC-filed free cash flow — the intrinsic-value anchor professional analysts triangulate from.
DCF fair value / share
$107.44
Current price
$237.35
Starting FCF (latest 10-K)
$1.83B
Growth, years 1–5
20.0%
Fade to terminal, years 6–10
2.5%
Discount rate
9.0%
Cash flows grow at the stage-1 rate (trailing revenue growth, capped at 20%) for five years, fade to 2.5% by year 10, and continue at that rate forever (Gordon terminal value), all discounted at 9.0%. Small changes in assumptions move the result a lot — treat this as one reference point, not a target price. Educational only, not investment advice.
Where WELL sits versus its Real Estate sector peers in the S&P 500.
Bands show the middle half (25th–75th percentile) of the 33 Real Estate companies in the S&P 500 — the peer-relative anchor professional comps analysis uses. Context only — not investment advice.
How WELL stacks up against its Real Estate peers — valuation, profitability, and growth versus the sector median.
In the Real Estate sector (41 S&P 500 companies), WELL ranks #22 of 41 by our overall rating. It trades at a premium versus the sector on earnings (119x P/E vs. 32.4x median) with a lower return on equity (3.5% vs. 8.0%) and faster revenue growth (37.5% vs. 5.3%).
P/E vs sector
119x
median 32.4x
ROE vs sector
3.5%
median 8.0%
Growth vs sector
37.5%
median 5.3%
Sector rank
#22
of 41 by rating
Valuation vs. quality map
The sweet spot is upper-left: more profitable (higher ROE) for a lower P/E. Dashed lines mark the sector median.
Peers are the closest Real Estate companies by sub-industry and size. Sector median is across all 41 S&P 500 names in the sector. Educational, not a recommendation.
Project revenue → earnings → price. Edit the assumptions to build your own case.
2030 price target (Base Case)
$0.00 – $0.00
vs. $237.35 today · expected CAGR 25% – 39%
| Metric | 2026 | 2027 | 2028 | 2029 | 2030 |
|---|---|---|---|---|---|
| Revenue | $14.96B | $20.64B | $28.48B | $39.31B | $54.24B |
| Net income | $1.79B | $2.48B | $3.42B | $4.72B | $6.51B |
| EPS | $2.83 | $3.90 | $5.38 | $7.43 | $10.25 |
| Share price (low) | $200.68 | $276.94 | $382.18 | $527.41 | $727.82 |
| Share price (high) | $336.35 | $464.17 | $640.55 | $883.96 | $1,219.87 |
| CAGR (low–high) | -15% / 42% | 8% / 40% | 17% / 39% | 22% / 39% | 25% / 39% |
Educational model on sample fundamentals — not a forecast or investment advice. Outputs are only as good as your assumptions.
The case for WELL:
- Revenue is growing 37.5% a year, a sign of real demand.
- A conservative balance sheet (debt/equity 0.5x) lowers risk.
The case against WELL:
- A rich 119.0x earnings multiple prices in a lot of growth.
- Like any single stock, it is exposed to competition, the economic cycle, and shifts in its end markets.
Valuation risk — at 119.0x earnings, disappointing results could compress the multiple.
Market risk — sector rotation, the economic cycle, and broad sentiment move the stock regardless of fundamentals.
On balance, the picture is mixed: Welltower is a large-cap real estate business still growing nicely, with modest profitability, and a sound balance sheet. It trades at 119.0x earnings, which our model scores Neutral (48/100). Weigh this against your own goals and time horizon — this is educational information, not a recommendation.
Analyst Ratings
What 28 Wall Street analysts covering WELL recommend (August 2026). Consensus is a useful sanity check — not a substitute for your own homework.
Latest SEC Filings
WELL's most recent filings, straight from SEC EDGAR. Annual and quarterly reports are the deep dives; 8-Ks flag material events the moment they happen.
WELL — frequently asked questions
Is WELL a good stock to buy?
We don't give buy or sell advice. Our model rates Welltower Neutral (48/100) based on its growth, profitability, financial health, and valuation — use that as a research starting point and make your own decision.
What is WELL's rating on The Stocks School?
Welltower currently scores 48/100 (Neutral) on our transparent model, which weighs real fundamentals: growth, margins, returns on capital, balance-sheet strength, and valuation.
How our ratings work →Where does WELL's data come from?
Live price data plus real fundamentals and 5-year financials pulled directly from Welltower's SEC filings — refreshed automatically, not hand-entered.
How is the 5-year projection for WELL calculated?
It's a scenario model: it grows revenue at an assumed rate, applies a profit margin and a valuation multiple, and shows the resulting share-price range. The assumptions are yours to change — it's a tool for thinking, not a prediction.
Is this WELL analysis financial advice?
No. Everything on this page is educational research, not financial advice or a recommendation to buy or sell WELL. Always do your own research and consider a licensed professional.
Data notice. Fundamentals and financial statements are sourced from company filings (SEC EDGAR) and market-data providers; prices and market caps refresh on trading days and may be delayed. Ratings, projections, technical signals, and written summaries are model- or rule-generated for education and may simplify or lag the latest filings.
Not advice. Nothing on this page is investment advice or a recommendation to buy, hold, or sell any security. Do your own research and consult a licensed financial professional before investing.