---
title: Welltower (WELL) — intrinsic value and fair price
canonical: https://sweetvaluelab.com/stocks/well
ticker: WELL
as_of: 2026-10-17
sector: Real Estate
industry: REIT - Healthcare Facilities
---
# Welltower (WELL)

Welltower (WELL) closed at $234.85 on Oct 16, 2026, overvalued by 44% vs its model value of $162.89 (from its own five-year median price to Cash FFO).

## Key figures

| Figure | Value |
| --- | ---: |
| Last close | $234.85 (Oct 16, 2026) |
| Model value (from its own five-year median price to Cash FFO) | $162.89 |
| Price vs model | overvalued by 44% vs model |
| Range of that model | $142.09 – $198.33 |
| Market value | $169.2B |
| P/E (fiscal 2025) | 169.0 |
| Net margin (fiscal 2025) | 8.8% |
| Free cash flow (fiscal 2025) | $1.4B |
| Dividend yield (trailing twelve months) | 1.31% |
| Beta | 0.75 |
| Cost of capital (WACC) | 8.07% |
| Business classification | Mature & Stable (High revenue growth (~33% recent), Moderate margins (11% net margin), Pays dividends, Highly cyclical earnings) |

## On the stock lists

| List | Place | Figure | Page |
| --- | ---: | ---: | --- |
| Insider buying | #13 | $2.4M | https://sweetvaluelab.com/lists/insider-buying |

## Dividends

| Figure | Value |
| --- | ---: |
| Trailing dividend yield | 1.31% |
| Dividends per share, last 12 months | $3.07 |
| Dividends / FFO (fiscal 2025) | 61.6% |
| Raised | 2 years in a row |
| Growth over 5 years | 4.7% a year |
| Latest payment | $0.85, ex-date Aug 12, 2026, paid Aug 20, 2026 |

| Year of payments | Dividends per share |
| --- | ---: |
| To Aug 11, 2021 | $2.44 |
| To Aug 22, 2022 | $2.44 |
| To Aug 14, 2023 | $2.44 |
| To Aug 12, 2024 | $2.50 |
| To Aug 12, 2025 | $2.75 |
| Trailing twelve months (to Aug 12, 2026) | $3.07 |

## Valuation models

Each model's value per share and the role the engine gave it for this business. The headline above is one model's value; every other model is listed with its own, and each has a page of its own under the valuation. Computed Oct 17, 2026.

| Model | Role | Value per share | Low | High |
| --- | --- | ---: | ---: | ---: |
| P/Cash FFO · own history | primary | $162.89 | $142.09 | $198.33 |
| P/E · peers | cross check | $76.61 | $75.07 | $138.07 |
| P/E · own history | cross check | $295.67 | $221.23 | $407.04 |
| PEG | sanity check | $71.47 | $71.47 | $71.47 |
| EV/EBITDA · peers | cross check | $37.00 | $27.97 | $51.43 |
| EV/Revenue · peers | cross check | $105.87 | $79.16 | $153.76 |
| Dividend discount | cross check | $68.76 | $46.13 | $118.47 |

## Insider activity (SEC Form 4)

Past 90 days: 4 open-market buys ($2.4M) and 0 open-market sales ($0); 10b5-1 plan sales included.

| Date | Insider | Relationship | Transaction | Shares | Value |
| --- | --- | --- | --- | ---: | ---: |
| May 29, 2026 | McHugh Timothy | Co-President and CFO | Grant / award | 11 | $1,906.5 |
| Sep 29, 2026 | McHugh Timothy | Co-President and CFO | Bona fide gift | 2,150 | $0 |
| Aug 25, 2026 | Gundlach Andrew | Director | Open-market buy | 2,500 | $598,675 |
| Aug 25, 2026 | Gundlach Andrew | Director | Open-market buy | 2,500 | $598,675 |
| Aug 26, 2026 | Gundlach Andrew | Director | Open-market buy | 2,500 | $605,150 |

## Recent SEC filings

| Filed | Form | What | Filing |
| --- | --- | --- | --- |
| Jul 28, 2026 | 8-K | 8.01 Other Events; 9.01 Financial Statements and Exhibits | https://www.sec.gov/Archives/edgar/data/766704/000162828026050186/well-20260728.htm |
| Jul 28, 2026 | 424B5 | Prospectus supplement | https://www.sec.gov/Archives/edgar/data/766704/000162828026050175/welltowerinc-prospectussup.htm |
| Jul 28, 2026 | 10-Q | Quarterly report | https://www.sec.gov/Archives/edgar/data/766704/000076670426000030/well-20260630.htm |
| Jul 27, 2026 | 8-K | 2.02 Results of Operations (Earnings); 9.01 Financial Statements and Exhibits | https://www.sec.gov/Archives/edgar/data/766704/000076670426000026/well-20260727.htm |
| Jul 13, 2026 | 8-K | 8.01 Other Events; 9.01 Financial Statements and Exhibits | https://www.sec.gov/Archives/edgar/data/766704/000119312526302020/d123939d8k.htm |

## About

Welltower Inc. (NYSE:WELL), an S&P 500 company based in Toledo, Ohio, is a leader in reshaping healthcare infrastructure. This Real Estate Investment Trust (REIT) strategically collaborates with premier operators in seniors housing, post-acute care, and health systems. Their core mission is to finance the vital property assets required to expand innovative care delivery models, thereby enhancing overall public wellness and healthcare experiences. Welltower's portfolio encompasses a variety of properties, including seniors housing, post-acute communities, and outpatient medical facilities, all situated primarily within key, rapidly growing markets across the United States, Canada, and the United Kingdom.

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Source: https://sweetvaluelab.com/stocks/well (SweetValueLab, free, no account). Prices and statements from Financial Modeling Prep; filings from SEC EDGAR. Research and educational data, not investment advice; nothing here is a recommendation to buy, sell or hold any security.