Welltower
Market Cap
US$25.8b
Last Updated
2021/01/27 23:44 UTC
Data Sources
Company Financials +
Executive Summary
Welltower Inc. (NYSE:WELL), an S&P 500 company headquartered in Toledo, Ohio, is driving the transformation of health care infrastructure. More Details
Rewards
Risk Analysis
Earnings are forecast to decline by an average of 32.6% per year for the next 3 years
+ 1 more risk
Snowflake Analysis
Average dividend payer and fair value.
Similar Companies
Share Price & News
How has Welltower's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: WELL is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 8% a week.
Volatility Over Time: WELL's weekly volatility (8%) has been stable over the past year.
Market Performance
7 Day Return
-3.8%
WELL
-0.9%
US REITs
-2.7%
US Market
1 Year Return
-30.9%
WELL
-10.7%
US REITs
21.2%
US Market
Return vs Industry: WELL underperformed the US REITs industry which returned -9.3% over the past year.
Return vs Market: WELL underperformed the US Market which returned 24.3% over the past year.
Shareholder returns
| WELL | Industry | Market | |
|---|---|---|---|
| 7 Day | -3.8% | -0.9% | -2.7% |
| 30 Day | -5.1% | 0.4% | 1.8% |
| 90 Day | 9.4% | 9.8% | 16.4% |
| 1 Year | -27.6%-30.9% | -6.5%-10.7% | 23.9%21.2% |
| 3 Year | 15.6%-0.3% | 24.7%9.7% | 43.7%34.2% |
| 5 Year | 20.4%-6.1% | 53.4%22.0% | 124.3%99.2% |
Long-Term Price Volatility Vs. Market
How volatile is Welltower's share price compared to the market and industry in the last 5 years?
Simply Wall St News
2 weeks ago | Simply Wall St
Welltower Inc. (NYSE:WELL) Stock Is Going Strong But Fundamentals Look Uncertain: What Lies Ahead ?1 month ago | Simply Wall St
Welltower's (NYSE:WELL) Shareholders Are Down 20% On Their Shares2 months ago | Simply Wall St
Did Welltower Inc. (NYSE:WELL) Insiders Buy Up More Shares?Valuation
Is Welltower undervalued compared to its fair value and its price relative to the market?
41.3%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: WELL ($59.79) is trading below our estimate of fair value ($101.93)
Significantly Below Fair Value: WELL is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: WELL is good value based on its PE Ratio (23.7x) compared to the US REITs industry average (38.3x).
PE vs Market: WELL is poor value based on its PE Ratio (23.7x) compared to the US market (21.2x).
Price to Earnings Growth Ratio
PEG Ratio: WELL's earnings are forecast to decline next year, so we can't calculate its PEG ratio.
Price to Book Ratio
PB vs Industry: WELL's PB Ratio (1.5x) is in line with the US REITs industry average.
Next Steps
Future Growth
How is Welltower forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?
-32.6%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: WELL's earnings are forecast to decline over the next 3 years (-32.6% per year).
Earnings vs Market: WELL's earnings are forecast to decline over the next 3 years (-32.6% per year).
High Growth Earnings: WELL's earnings are forecast to decline over the next 3 years.
Revenue vs Market: WELL's revenue (6.4% per year) is forecast to grow slower than the US market (10.6% per year).
High Growth Revenue: WELL's revenue (6.4% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: WELL's Return on Equity is forecast to be low in 3 years time (2.1%).
Next Steps
Past Performance
How has Welltower performed over the past 5 years?
5.6%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: WELL has a large one-off gain of $684.2M impacting its September 30 2020 financial results.
Growing Profit Margin: WELL's current net profit margins (21.9%) are higher than last year (21.8%).
Past Earnings Growth Analysis
Earnings Trend: WELL's earnings have grown by 5.6% per year over the past 5 years.
Accelerating Growth: WELL's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: WELL had negative earnings growth (-6.5%) over the past year, making it difficult to compare to the REITs industry average (2.9%).
Return on Equity
High ROE: WELL's Return on Equity (6.5%) is considered low.
Next Steps
Financial Health
How is Welltower's financial position?
Financial Position Analysis
Short Term Liabilities: WELL's short term assets ($3.8B) exceed its short term liabilities ($986.8M).
Long Term Liabilities: WELL's short term assets ($3.8B) do not cover its long term liabilities ($14.3B).
Debt to Equity History and Analysis
Debt Level: WELL's debt to equity ratio (79.7%) is considered high.
Reducing Debt: WELL's debt to equity ratio has increased from 74.7% to 79.7% over the past 5 years.
Debt Coverage: WELL's debt is not well covered by operating cash flow (10.4%).
Interest Coverage: WELL's interest payments on its debt are not well covered by EBIT (1.9x coverage).
Balance Sheet
Next Steps
Dividend
What is Welltower current dividend yield, its reliability and sustainability?
4.08%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: WELL's dividend (4.08%) is higher than the bottom 25% of dividend payers in the US market (1.39%).
High Dividend: WELL's dividend (4.08%) is in the top 25% of dividend payers in the US market (3.87%)
Stability and Growth of Payments
Stable Dividend: WELL's dividend payments have been volatile in the past 10 years.
Growing Dividend: WELL's dividend payments have fallen over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: At its current payout ratio (89.9%), WELL's payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: WELL's dividends in 3 years are forecast to be covered by earnings (71.8% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
2.9yrs
Average management tenure
CEO
Shankh Mitra (39 yo)
0.25
Tenure
US$5,728,143
Compensation
Messrs. Shankh S. Mitra serves as the Chief Executive Officer at Welltower Inc. since October 05, 2020 and serves as its Director since April 13, 2020. He served as Vice Chair and Chief Operating Officer a...
CEO Compensation Analysis
Compensation vs Market: Shankh's total compensation ($USD5.73M) is below average for companies of similar size in the US market ($USD10.56M).
Compensation vs Earnings: Shankh's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO, Chief Investment Officer & Director | 0.25yr | US$5.73m | 0.011% $ 2.8m | |
| Executive VP & CFO | 1.33yrs | US$3.49m | 0.0027% $ 693.6k | |
| Executive VP | 4.5yrs | US$1.95m | 0.0039% $ 1.0m | |
| Chief Accounting Officer | 1yr | no data | 0.0015% $ 399.7k | |
| Senior Vice President of Legal & Administration | 4yrs | no data | no data | |
| Head of Development | 1.83yrs | no data | no data | |
| Senior VP & Head of Human Capital | 1.33yrs | no data | no data | |
| Senior Vice President of Relationship Management | 3yrs | no data | no data | |
| Senior VP & Global Head of Seniors Housing | 5.33yrs | no data | no data | |
| Vice President of Asset Management | 17.42yrs | no data | no data | |
| Senior Vice President of Business Strategy & Health Systems Initiatives | 3yrs | no data | no data | |
| Senior VP of Real Estate Services & Head of Outpatient Medical | 2.75yrs | no data | no data |
2.9yrs
Average Tenure
39yo
Average Age
Experienced Management: WELL's management team is considered experienced (2.9 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO, Chief Investment Officer & Director | 0.25yr | US$5.73m | 0.011% $ 2.8m | |
| Lead Independent Director | no data | US$362.20k | 0.011% $ 2.7m | |
| Independent Director | 0.25yr | no data | 0.00091% $ 234.6k | |
| Independent Chairman | 0.25yr | US$274.32k | 0.0024% $ 608.5k | |
| Independent Director | 27yrs | US$282.71k | 0.013% $ 3.5m | |
| Independent Director | 1.92yrs | US$255.05k | 0.00050% $ 128.9k | |
| Independent Director | 0.50yr | no data | no data | |
| Independent Director | 2.17yrs | US$256.03k | 0.00054% $ 139.2k | |
| Independent Director | 6.42yrs | US$277.64k | 0.0031% $ 791.6k | |
| Independent Director | 2.17yrs | US$255.03k | 0.00054% $ 139.2k |
1.9yrs
Average Tenure
63yo
Average Age
Experienced Board: WELL's board of directors are not considered experienced ( 1.9 years average tenure), which suggests a new board.
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: WELL insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 2.8%.
Top Shareholders
Company Information
Welltower Inc.'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: Welltower Inc.
- Ticker: WELL
- Exchange: NYSE
- Founded: 1970
- Industry: Health Care REITs
- Sector: Real Estate
- Market Cap: US$25.785b
- Shares outstanding: 417.30m
- Website: https://www.welltower.com
Number of Employees
Location
- Welltower Inc.
- 4500 Dorr Street
- Toledo
- Ohio
- 43615
- United States
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| WELL | NYSE (New York Stock Exchange) | Yes | Common Stock | US | USD | Jan 1980 |
| HCW | DB (Deutsche Boerse AG) | Yes | Common Stock | DE | EUR | Jan 1980 |
| 0LUS | LSE (London Stock Exchange) | Yes | Common Stock | GB | USD | Jan 1980 |
| HCW | ETLX (Eurotlx) | Yes | Common Stock | IT | EUR | Jan 1980 |
| W1EL34 | BOVESPA (Bolsa de Valores de Sao Paulo) | BDR EACH 2 REPR 1 SHS UNSPON | BR | BRL | Jan 2020 |
Biography
Welltower Inc. (NYSE:WELL), an S&P 500 company headquartered in Toledo, Ohio, is driving the transformation of health care infrastructure. The Company invests with leading seniors housing operators, post-a...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/01/27 23:44 |
| End of Day Share Price | 2021/01/27 00:00 |
| Earnings | 2020/09/30 |
| Annual Earnings | 2019/12/31 |
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.