Welltower (WELL)
(Delayed Data from NYSE)
$93.44 USD
+0.64 (0.69%)
Updated Mar 28, 2024 04:00 PM ET
After-Market: $93.38 -0.06 (-0.06%) 7:58 PM ET
2-Buy of 5 2
F Value D Growth C Momentum F VGM
Company Summary
Toledo, OH-based, Welltower Inc., formerly known as Health Care REIT, Inc. is a real estate investment trust (REIT) that is engaged in investments with seniors housing operators, post-acute providers and health systems. Founded in 1970, this S&P 500 company was the first REIT to invest exclusively in healthcare facilities. Its portfolio is concentrated in major, high-growth markets in the United States, Canada and the U.K. In addition to this, the company also offers a vast range of property management and development services.
Welltower’s consolidated portfolio can be categorized ...
Company Summary
Toledo, OH-based, Welltower Inc., formerly known as Health Care REIT, Inc. is a real estate investment trust (REIT) that is engaged in investments with seniors housing operators, post-acute providers and health systems. Founded in 1970, this S&P 500 company was the first REIT to invest exclusively in healthcare facilities. Its portfolio is concentrated in major, high-growth markets in the United States, Canada and the U.K. In addition to this, the company also offers a vast range of property management and development services.
Welltower’s consolidated portfolio can be categorized into three operating segments — triple-net, seniors housing operating or SHO (operated through RIDEA structures) and OM facilities. In the fourth quarter of 2023, 50.9% of the company’s same-store NOI (SSNOI) came from SHO assets (647 properties), 25.4% from OM facilities (377 properties) and 19.4% from triple-net assets (316 properties).
The company’s SHO properties include seniors apartments, independent living/continuing care retirement communities, assisted living, independent supportive living communities and care homes, with and without nursing. Moreover, triple-net properties include the property types mentioned earlier along with long-term/post-acute care facilities. Under the triple-net segment, properties are primarily leased under triple-net leases and the company is not involved in the management of the property. Welltower’s OM properties are leased to multiple tenants.
Concurrent with the fourth-quarter earnings release, Welltower entered into a definitive agreement to acquire a portfolio of 25 age-restricted active adult communities from Affinity Living Communities for $969 million. The transaction is expected to be funded by cash and the assumption of $523 million of below-market-rate debt with an average interest rate of 3.8%. After the completion of the deal, subject to customary closing conditions, Welltower will significantly expand its market leadership with a total of around 25,000 units.
Note: All EPS numbers presented in this report represents funds from operations (FFO) per share. FFO, a widely used metric to gauge the performance of REITs, is obtained after adding depreciation and amortization and other non-cash expenses to net income.
General Information
Welltower Inc
4500 DORR STREET
TOLEDO, OH 43615
Phone: 419-247-2800
Fax: 419-247-2826
Email: sestes@welltower.com
Industry | REIT and Equity Trust - Other |
Sector | Finance |
Fiscal Year End | December |
Last Reported Quarter | 12/31/2023 |
Exp Earnings Date | 5/7/2024 |
EPS Information
Current Quarter EPS Consensus Estimate | 0.94 |
Current Year EPS Consensus Estimate | 4.02 |
Estimated Long-Term EPS Growth Rate | 9.80 |
Exp Earnings Date | 5/7/2024 |
Price and Volume Information
Zacks Rank | |
Yesterday's Close | 92.80 |
52 Week High | 94.63 |
52 Week Low | 69.68 |
Beta | 1.08 |
20 Day Moving Average | 2,881,089.50 |
Target Price Consensus | 101.88 |
4 Week | 1.02 |
12 Week | 4.38 |
YTD | 2.92 |
4 Week | -2.42 |
12 Week | -6.44 |
YTD | -6.47 |
Shares Outstanding (millions) | 568.88 |
Market Capitalization (millions) | 52,791.89 |
Short Ratio | NA |
Last Split Date | NA |
Dividend Yield | 2.63% |
Annual Dividend | $2.44 |
Payout Ratio | 0.67 |
Change in Payout Ratio | -0.07 |
Last Dividend Payout / Amount | 2/22/2024 / $0.61 |
Fundamental Ratios
P/E (F1) | 23.06 |
Trailing 12 Months | 25.57 |
PEG Ratio | 2.36 |
vs. Previous Year | 15.66% |
vs. Previous Quarter | 4.35% |
vs. Previous Year | 15.23% |
vs. Previous Quarter | 5.28% |
Price/Book | 1.97 |
Price/Cash Flow | 28.80 |
Price / Sales | 7.95 |
12/31/23 | 1.47 |
9/30/23 | 1.15 |
6/30/23 | 0.56 |
12/31/23 | 0.83 |
9/30/23 | 0.64 |
6/30/23 | 0.31 |
12/31/23 | 3.22 |
9/30/23 | 3.37 |
6/30/23 | 3.12 |
12/31/23 | 3.22 |
9/30/23 | 3.37 |
6/30/23 | 3.12 |
12/31/23 | 5.12 |
9/30/23 | 3.94 |
6/30/23 | 1.90 |
12/31/23 | 5.12 |
9/30/23 | 3.94 |
6/30/23 | 1.90 |
12/31/23 | 5.27 |
9/30/23 | 4.20 |
6/30/23 | 3.27 |
12/31/23 | 47.12 |
9/30/23 | 43.98 |
6/30/23 | 42.07 |
12/31/23 | NA |
9/30/23 | NA |
6/30/23 | NA |
12/31/23 | 0.60 |
9/30/23 | 0.67 |
6/30/23 | 0.73 |
12/31/23 | 38.06 |
9/30/23 | 40.55 |
6/30/23 | 42.85 |