WELL

Welltower Inc

Healthcare


Presented:03/03/2021
Price:$69.02
Cap:$28.81B
Current Price:$129.25
Cap:$79.94B

Presented

Date03/03/2021
Price$69.02
Market Cap$28.81B
Ent Value$40.51B
P/E RatioN/A
Book Value$38.27
Div Yield3.54%
Shares O/S417.38M
Ave Daily Vol2,534,932
Short Int1.77%

Current

Price$129.25
Market Cap$79.94B
Welltower, Inc. engages in the provision of health care infrastructure and investment of seniors housing operators, post-acute providers, and health systems. It operates through the following segments: Seniors Housing Operating, Triple-net, and Outpatient Medical. The Seniors Housing Operating segment includes the seniors housing communities. The Triple-net segment offers long-term/post-acute care facilities, assisted living facilities, independent living/continuing care retirement communities, care homes (United Kingdom), independent support living facilities (Canada), care homes with nursing (United Kingdom), and combinations thereof. The Outpatient Medical segment provides outpatient medical buildings. The company was founded by Bruce G. Thompson and Fritz Wolfe in 1970 and is headquartered in Toledo, OH.

Publicly traded companies mentioned herein: Omega Healthcare Investors Inc (OHI), Ventas Inc (VTR), Welltower Inc (WELL) 

Highlights

The presenter is long healthcare REITs and highlights some of the largest players in the space including Welltower Inc (WELL), Ventas Inc (VTR), and Omega Healthcare Investors (OHI). His pitch is straightforward and centers on the massive decline in the nursing home population due to COVID-19. Prior to the pandemic, there were long waiting lists to get into these nursing homes. Occupancy has since fallen from the 90s% down into the 70s%. Given the exposure these REITs have to nursing homes, they have cut their dividends and FFOs, which caused the stocks to crater.

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Idea Discussion

Commentor 1 - 2 weeks ago

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