Welltower (WELL)
Owns senior living communities operated by partners and healthcare properties leased under triple-net contracts.
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Owns seniors and wellness housing across the United States, United Kingdom and Canada, generating resident fees through partner-operated communities and rent from triple-net properties. The dominant operating segment ties results to occupancy, pricing, labor costs and third-party execution.
Owns seniors and wellness housing across the United States, United Kingdom and Canada, spanning independent living, assisted living, memory care and British care homes. Its largest segment combines resident-fee revenue with third-party management: local partners run communities under incentive-based contracts, while qualified healthcare properties use RIDEA structures that expose results to property-level operations.
Also collects rent from triple-net seniors-housing and long-term/post-acute care properties, while a much smaller outpatient medical portfolio remains after a major disposition. Loans, joint ventures and private funds supplement direct property ownership. The Welltower Business System standardizes data, shared services and operating practices across the partner network; its data-science platform supports underwriting and capital allocation.
Results depend on occupancy, resident pricing, labor costs and execution by operators and tenants; healthcare regulation and REIT qualification rules constrain operating structures and distributions.
Company facts
Target rangeAs of Sep 21, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Sep 21, 2026 | Evercore ISI | Reiterate | Rating: —Target: $260 | Target: $256 |
| Sep 15, 2026 | Jefferies | Target | Target: $248 | Target: $275 |
| Sep 2, 2026 | Scotiabank | Reiterate | Rating: —Target: $248 | Target: $251 |
| Sep 1, 2026 | Morgan Stanley | Reiterate | Rating: —Target: $215 | Target: $251 |
| Sep 1, 2026 | Wells Fargo | Reiterate | Rating: —Target: $218 | Target: $266 |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $1.97B · Total debt $19.72B · Total assets $69.88B · Shareholders' equity $46.41B
- Revenue
- $3.54B
- Operating income
- $589.2M
- Net income
- $240.3M
HistoryDividendAnnual yield
| Institutions | ≈ 101.86% | 710.73M shares | |
|---|---|---|---|
| 1,639 holders · as of Jun 30, 2026 · largest filers plus last quarter's tail | |||
| Insiders | 0.05% | 323.3K shares | |
| 12 holders · as of Aug 27, 2026 | |||
| Strategic holders | 4.51% | 31.50M shares | |
| 1 holder · as of Nov 7, 2024 | |||
| Adds to | 106.42% | ||
697.75M company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
This quarter's institutional total failed a plausibility check; shown: the largest filers plus last quarter's remainder.
These groups come from separate filings that can overlap, so they add to 106.42%; nothing is left for Other.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
BlackRock, Inc.Institution | 11.19% | 78.05M | as of Jun 30, 2026 |
Vanguard Capital Management LLCInstitution | 6.61% | 46.12M | as of Jun 30, 2026 |
Vanguard Portfolio Management LLCInstitution | 6.23% | 43.45M | as of Jun 30, 2026 |
State Street CorpInstitution | 6.04% | 42.14M | as of Jun 30, 2026 |
Capital International InvestorsInstitution | 5.66% | 39.50M | as of Jun 30, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 26, 2026 | Andrew Gundlach | director | +2,500 | $242.06 |
| Aug 25, 2026 | Andrew Gundlach | director | +2,500 | $239.47 |
- Ventas
Closest large-cap peer; SHOP-led seniors housing REIT with outpatient medical and research.
- Omega Healthcare Investors
Dominant SNF triple-net REIT expanding into senior housing RIDEA and UK care homes.
- Healthpeak Properties
Diversified healthcare REIT re-entering senior housing via Janus Living REIT spin-off.
- Sabra Health Care REIT
Mid-cap REIT pivoting from SNF triple-net toward senior housing SHOP across US and Canada.
- CareTrust REIT
Fast-growing net-lease REIT adding SHOP and UK care homes alongside an SNF core.
- National Health Investors
Small-cap seniors housing REIT pivoting from triple-net leases toward a SHOP platform.
- American Healthcare REIT
Newly listed diversified healthcare REIT with fast-growing SHOP and integrated campus model.
Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Welltower | $230.62 | −0.92% | $167.72B | 123.2 | 83.2 | 13.3 | +39.1% |
| Ventas | $86.96 | −0.08% | $42.31B | 161.2 | 120.4 | 6.6 | +21.7% |
| Omega Healthcare Investors | $46.43 | −0.85% | $14.01B | 16.7 | 23.9 | 10.8 | +11.5% |
| Healthpeak Properties | $20.80 | +0.36% | $14.28B | 59.2 | 105.1 | 4.8 | +10.5% |
| Sabra Health Care REIT | $19.83 | −0.20% | $5.01B | 75.7 | 27.3 | 5.8 | +24.7% |
| CareTrust REIT | $37.38 | −0.81% | $8.90B | 23.4 | 23.1 | 16.4 | +37.4% |
| National Health Investors | $67.35 | −0.77% | $3.29B | 19.6 | 19.8 | 7.6 | +1.6% |
| American Healthcare REIT | $51.88 | −0.80% | $10.81B | 76.9 | 74.5 | 4.3 | +23.7% |
| Median | 59.2 | 27.3 | 6.6 | +21.7% |