WELL Stock Summary and Trading Ideas (Welltower | NYSE:WELL)

Welltower owns a diversified healthcare portfolio of 2,100 in-place properties spread across the senior housing, medical office, and skilled nursing/post-acute care sectors. The portfolio includes over 100 properties in both 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.

Welltower trades on the NYSE stock market under the symbol WELL.

As of April 30, 2024, WELL stock price climbed to $96.28 with 1,365,283 million shares trading.

WELL has a beta of 0.76, meaning it tends to be less sensitive to market movements. WELL has a correlation of 0.21 to the broad based SPY ETF.

WELL has a market cap of $54.77 billion. This is considered a Large Cap stock.

Last quarter Welltower reported $2 billion in Revenue and $1.01 earnings per share. This fell short of revenue expectation by $-249 million and exceeded earnings estimates by $.07.

In the last 3 years, WELL stock traded as high as $99.43 and as low as $56.50.

The top ETF exchange traded funds that WELL belongs to (by Net Assets): VNQ, VTI, VOO, VO, SPY.

WELL has outperformed the market in the last year with a price return of +24.6% while the SPY ETF gained +23.0%. WELL has also outperformed the stock market ETF in the last 3 month and 2 week periods returning +11.2% and +8.1%, respectively, while the SPY returned +3.1% and +0.1%, respectively.

WELL support price is $94.57 and resistance is $96.99 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that WELL stock will trade within this expected range on the day.