Welltower Earnings: Senior Housing Same-Store Occupancy Above 90% for First Time in Nearly a Decade
Welltower reported normalized funds from operations of $1.67 per share and same-store net operating income growth of 15.8% for the third quarter.
Welltower Inc WELL
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
- $240.61
- Day Range
- $224.73–237.93
- 52-Week Range
- $174.91–255.20
- Bid/Ask
- $224.75 / $228.00
- Shares Outstanding
- 733.61M
- Market Cap
- $163.37B
- Volume/Avg
- 6M / 3M
Key Statistics
- Price/Earnings (Normalized)
- 108.02
- Price/Sales
- 12.16
- Dividend Yield (Trailing)
- 1.35%
- Dividend Yield (Forward)
- 1.50%
- Dividend Payment Schedule
- Mar, May, Aug, Nov
- Total Yield
- 1.35%
Company Profile
Welltower owns a diversified healthcare portfolio of 2,950 in-place properties spread across the senior housing, medical office, and skilled nursing/postacute care sectors. The portfolio includes over 900 properties in Canada and the United Kingdom as the company looks for additional investment opportunities in countries with mature healthcare systems that operate similarly to that of the United States.
- Sector
- Real Estate
- Industry
- REIT - Healthcare Facilities
- Stock Style Box
- Large Growth
- Total Number of Employees
- 712
- Website
- https://www.welltower.com
Competitors
Valuation
|
Metric
|
WELL
|
VTR
|
DOC
|
|---|---|---|---|
Price/Earnings (Normalized) | 108.02 | 187.64 | 77.87 |
Price/Book Value | 3.42 | 2.70 | 1.67 |
Price/Sales | 12.16 | 6.10 | 4.47 |
Price/Cash Flow | 43.10 | 22.98 | 11.84 |
Price/Earnings
WELL
VTR
DOC
Financial Strength
|
Metric
|
WELL
|
VTR
|
DOC
|
|---|---|---|---|
Quick Ratio | 2.24 | 0.52 | 0.90 |
Current Ratio | 2.28 | 0.59 | 0.96 |
Interest Coverage | 0.65 | 1.36 | 2.32 |
Quick Ratio
WELL
VTR
DOC
Profitability
|
Metric
|
WELL
|
VTR
|
DOC
|
|---|---|---|---|
Return on Assets (Normalized) | 4.63% | 1.16% | 0.96% |
Return on Equity (Normalized) | 7.12% | 2.49% | 2.56% |
Return on Invested Capital (Normalized) | 5.77% | 3.04% | 2.84% |
Return on Assets
WELL
VTR
DOC
REIT - Healthcare Facilities Industry Comparables
|
1-Day Chart
|
Name
|
Price
|
Morningstar Rating for Stocks
|
Capital Allocation
|
Economic Moat
|
Market Cap
|
|---|---|---|---|---|---|---|
| Ventas Inc
VTR
| LOCK|!$P<x!v | LOCK|C# | $44B | |||
| Omega Healthcare Investors Inc
OHI
| — | LOCK|^% | $14B | |||
| Healthpeak Properties Inc
DOC
| LOCK|^M@@Lp! | LOCK|%! | $13B | |||
| American Healthcare REIT Inc Ordinary Shares
AHR
| — | LOCK|P^#>R | $11B | |||
| CareTrust REIT Inc
CTRE
| — | LOCK|g@J$ | $9B | |||
| Healthcare Realty Trust Inc
HR
| — | LOCK|v! | $6B | |||
| Aedifica SA
AEDFF
| — | LOCK|^f | $6B | |||
| Sabra Health Care REIT Inc
SBRA
| — | LOCK|kQt | $5B | |||
| Chartwell Retirement Residences
CWSRF
| — | LOCK|@bv | $5B |
United States