- The document provides a detailed stock report on Welltower Inc., a REIT focused on healthcare facilities. - The report summarizes the company's financial performance, metrics, ratios and analyst ratings compared to its industry peers. - The analysis gives the stock an overall bearish fundamental score of 2/10, citing concerns around below-peer returns, high valuation multiples, and leveraged balance sheet. - However, the stock has a large market cap and positive cash flows, with an average analyst rating of "Strong Buy" and target price implying 54% upside.

2. Page 1 of 10 Any information in this report is not , and should not be regarded as investment advice or as a recommendation regarding any particular security or course of
action. We recommend seeking a licensed professional for investment advice.
WELL:NYE (Welltower Inc)
REIT-Healthcare Facilities | NYE | Common Stock
Values as of 16th Oct, 2022
Stock Target Advisor
Detailed Stock Report
Report Date: 17th October, 2022
Last Close
USD 57.84
Change
+0.00(+0.00%)
Market Cap
USD 26.80B
1 Yr Capital Gain
-31.23%
1 Yr Dividend Return
2.90%
1 Yr Total
Return
-28.33%
Earning Growth (5 yr)
-68.81%
Average Target Price
89.19(+54.21% )
Average Analyst
Rating
Strong Buy
Fundamental
Analysis
Bearish
Our view of the stock is Bearish with a score of 2 out of 10, where 0 is very bearish and 10 very bullish
What to like
High market capitalization
This is one of the largest entities in its sector and is among the top quartile. Such companies tend to be more stable.
Positive cash flow
The company had positive total cash flow in the most recent four quarters.
Positive free cash flow
The company had positive total free cash flow in the most recent four quarters.
What to not like
High volatility
The total returns for this company are volatile and above median for its sector over the past 5 years. Make sure you have the risk tolerance for investing in such stock.
Below median total returns
The company has under performed its peers on annual average total returns in the past 5 years.
Overpriced compared to earnings
The stock is trading high compared to its peers on a price to earning basis and is above the sector median.
Overpriced on cashflow basis
The stock is trading high compared to its peers on a price to cash flow basis. It is priced above the median for its sectors. Proceed with caution if you are considering
to buy.
Poor return on equity
The company management has delivered below median return on equity in the most recent 4 quarters compared to its peers.
Poor capital utilization
The company management has delivered below median return on invested capital in the most recent 4 quarters compared to its peers.
Poor return on assets
The company management has delivered below median return on assets in the most recent 4 quarters compared to its peers.
Highly leveraged
The company is in the bottom half compared to its sector peers on debt to equity and is highly leveraged. However, do check the news and look at its sector and
management statements. Sometimes this is high because the company is trying to grow aggressively.
Overpriced on free cash flow basis
The stock is trading high compared to its peers on a price to free cash flow basis. It is priced above the median for its sectors. Proceed with caution if you are
considering to buy.
Low Earnings Growth
This stock has shown below median earnings growth in the previous 5 years compared to its sector
Low Revenue Growth
This stock has shown below median revenue growth in the previous 5 years compared to its sector
Low Dividend Growth
This stock has shown below median dividend growth in the previous 5 years compared to its sector.

3. Page 3 of 10 Any information in this report is not , and should not be regarded as investment advice or as a recommendation regarding any particular security or course of
action. We recommend seeking a licensed professional for investment advice.
WELL:NYE (Welltower Inc)
REIT-Healthcare Facilities | | Common Stock
Stock Target Advisor
Detailed Stock Report
Report Date: 17th October, 2022
Adjusted Closing Share Volume
Relative Returns Relative Performance (Total Returns)
Security Capital Gain Dividend Return Total Return
WELL
Welltower Inc
-31.2% +2.9% -28.3%
VTI
Vanguard Total Stock Market
Index Fund ETF Shares
-22.2% +1.3% -20.9%
Company Overview
Welltower Inc. (NYSE:WELL), an S&P 500 company headquartered in Toledo, Ohio, is driving the transformation of health care infrastructure.
The Company invests with leading seniors housing operators, post-acute providers and health systems to fund the real estate infrastructure
needed to scale innovative care delivery models and improve people's wellness and overall health care experience. Welltower", a real estate
investment trust (REIT), owns interests in properties concentrated in major, high-growth markets in the United States, Canada and the
United Kingdom, consisting of seniors housing and post-acute communities and outpatient medical properties.

4. Page 4 of 10 Any information in this report is not , and should not be regarded as investment advice or as a recommendation regarding any particular security or course of
action. We recommend seeking a licensed professional for investment advice.
Company Website
https://www.welltower.com
Address
4500 Dorr Street, Toledo, OH, United States, 43615
Fiscal Year End
December
Employees
464
Technical Indicators
Value Value
Beta 1.03 52 Week High 97.98
Short Ratio 5.35 52 Week Low 56.50
Shorted Shares 14,489,604 200 Day Moving Average 83.39
Shorted Shares Previous Month 14,530,155 50 Day Moving Average 72.35
Shares Held By Insiders 8.00% Short Percentage 3.00%
Shares Held by Institutions 101.40 Dividend Yield 4.12%

5. Page 5 of 10 Any information in this report is not , and should not be regarded as investment advice or as a recommendation regarding any particular security or course of
action. We recommend seeking a licensed professional for investment advice.
WELL:NYE (Welltower Inc)
REIT-Healthcare Facilities | | Common Stock
Stock Target Advisor
Detailed Stock Report
Report Date: 17th October, 2022
Market Performance
Market Performance vs. Industry / Classification (REIT-Healthcare Facilities) Market Performance vs. Exchange (Nasdaq Global Select)
Value Sector Median
Percentile
Rank
Grade Market Median Percentile Rank Grade
YTD
Capital Gain -32.56% -27.3% 40% -23.2% 29%
Dividend Return 2.13% 3.6% 7% 2.3% 48%
Total Return -30.43% -23.5% 27% -21.2% 29%
Trailing 12 Months
Capital Gain -31.23% -24.8% 47% -22.6% 32%
Dividend Return 2.90% 5.1% 7% 2.8% 51%
Total Return -28.33% -19.9% 40% -19.8% 32%
Trailing 5 Years
Capital Gain N/A -22.8% N/A -8.6% N/A
Dividend Return N/A 25.5% N/A 12.3% N/A
Total Return N/A 1.8% N/A 5.5% N/A
Average Annual (5 Year Horizon)
Capital Gain 12.29% 2.5% 87% 2.0% 75%
Dividend Return 3.85% 4.9% 20% 2.1% 75%
Total Return 16.14% 7.8% 87% 5.4% 79%
Risk Return Profile
Volatility (Standard
Deviation)
34.00% 22.3% 20% 22.4% 31%
Risk Adjusted Return 47.48% N/A 67% 28.4% 74%
Market Capitalization 26.80B 2.33B 100% 0.60B 93%

6. Page 6 of 10 Any information in this report is not , and should not be regarded as investment advice or as a recommendation regarding any particular security or course of
action. We recommend seeking a licensed professional for investment advice.
Key Financial Ratios
Ratios vs. Industry / Classification (Computer Hardware) Ratios vs. Exchange (Nasdaq Global Select)
Value Sector Median
Percentile
Rank
Grade Market Median Percentile Rank Grade
Market Value
peratio 60.3 41.1 27% 15.7 8%
pbratio 1.5 1.7 64% 1.4 48%
pcfratio 21.0 12.9 7% 5.4 14%
pfcfratio 21.0 16.0 21% 7.0 10%
Management Effectiveness
retequity 2.25% 4.9% 20% 10.9% 33%
retinvcap 2.45% 3.5% 13% 5.3% 37%
retass 1.69% 2.7% 33% 2.4% 41%
debtequityratio 78.28% 78.3% 47% 66.1% 44%
Technical Ratios
yield 4.12% 6.6% 7% 3.6% 56%
sratio 5.35 4.41 36% 2.42 20%
spercent 4.18% 4.2% 50% 3.7% 47%
beta 1.03 0.92 33% 1.04 52%

7. Page 7 of 10 Any information in this report is not , and should not be regarded as investment advice or as a recommendation regarding any particular security or course of
action. We recommend seeking a licensed professional for investment advice.
WELL:NYE (Welltower Inc)
REIT-Healthcare Facilities | | Common Stock
Stock Target Advisor
Detailed Stock Report
Report Date: 17th October, 2022
Recent Analyst Ratings
Price Action Rating Action Analyst Rating Price date
Target Lowered by Evercore ISI USD 77 2022-10-13
Downgraded by Robert W Baird Outperform » Neutral USD 66 2022-10-10
Maintains KeyBanc Overweight USD 95 » USD 80 2022-10-10
Maintains RBC Royalbank Outperform USD 96 » USD 79 2022-10-06
Target Lowered by Stifel Nicolaus Research USD 83 » USD 70 2022-10-04
Target Lowered by Evercore ISI USD 89 » USD 81 2022-09-27
Maintains Raymond James Capital Strong Buy USD 95 » USD 81 2022-09-22
Maintains Deutsche Bank Capital Buy USD 100 » USD 93 2022-09-16
Resumed Morgan Stanley Overweight USD 90 2022-08-31
Target Down Scotiabank Capital USD 88 2022-08-23
Target Up BMO Financial USD 92 2022-08-22
Downgraded by
Sumitomo Mitsui Financial
Group
Outperform » Neutral USD 84 2022-08-11
Maintains Raymond James Capital Strong Buy USD 105 » USD 95 2022-07-26
Target Lowered by Barclays USD 95 » USD 92 2022-07-25
Maintains Deutsche Bank Capital Buy USD 108 » USD 100 2022-07-13
Maintains KeyBanc Overweight USD 98 » USD 95 2022-07-07
Target Up JP Morgan & Company USD 90 2022-07-04
Maintains Mizuho Securities Buy USD 96 » USD 93 2022-07-01
Maintains Jefferies Financial LLC Hold USD 89 » USD 79 2022-06-30
Upgrades JP Morgan & Company Overweight USD 94 » USD 89 2022-06-22
Lowered Evercore ISI USD 99 2022-06-20
Initiated by Capital One Overweight USD 95 2022-06-03
Target Down Scotiabank Capital USD 103 2022-06-03
Target Up RBC Royalbank Outperform USD 100 2022-05-20
Upgrade Credit Suisse Neutral » Outperform USD 92 » USD 100 2022-05-18

8. Page 8 of 10 Any information in this report is not , and should not be regarded as investment advice or as a recommendation regarding any particular security or course of
action. We recommend seeking a licensed professional for investment advice.
WELL:NYE (Welltower Inc)
REIT-Healthcare Facilities | | Common Stock
Stock Target Advisor
Detailed Stock Report
Report Date: 17th October, 2022
Annual Financial (USD)

9. Page 9 of 10 Any information in this report is not , and should not be regarded as investment advice or as a recommendation regarding any particular security or course of
action. We recommend seeking a licensed professional for investment advice.
WELL:NYE (Welltower Inc)
REIT-Healthcare Facilities | | Common Stock
Stock Target Advisor
Detailed Stock Report
Report Date: 17th October, 2022
Quarterly Financial (USD)

10. Page 10 of 10 Any information in this report is not , and should not be regarded as investment advice or as a recommendation regarding any particular security or course of
action. We recommend seeking a licensed professional for investment advice.
WELL:NYE (Welltower Inc)
REIT-Healthcare Facilities | | Common Stock
Stock Target Advisor
Detailed Stock Report
Report Date: 17th October, 2022
Largest Industry Peers for REIT-Healthcare Facilities
Symbol Company Name Price(Change) Market Cap
VTR Ventas Inc N/A USD 14.41B
PEAK Healthpeak Properties Inc N/A USD 11.66B
HR Healthcare Realty Trust Incorp.. N/A USD 7.25B
OHI Omega Healthcare Investors Inc N/A USD 7.09B
HTA Healthcare Trust of America In.. N/A USD 6.69B
MPW Medical Properties Trust Inc N/A USD 6.51B
DOC Physicians Realty Trust N/A USD 3.19B
NHI National Health Investors Inc N/A USD 2.33B
CTRE Caretrust Inc N/A USD 1.61B
LTC LTC Properties Inc N/A USD 1.49B
ETFs Containing WELL
Symbol Company Name Weight Mer Price(Change) Market Cap
CGR:CA iShares Global Real Estate Com.. 0.00 % 0.71 % N/A USD 0.19B
10AJ:XETRA Amundi Index Solutions - Amund.. 0.00 % 0.00 % N/A USD 0.07B
IUSP:LSE iShares US Property Yield UCIT.. 0.00 % 0.00 % N/A USD 0.45B
IWDP:LSE iShares Developed Markets Prop.. 0.00 % 0.00 % N/A USD 1.18B
DPYG:LSE iShares Developed Markets Prop.. 0.00 % 0.00 % N/A USD 0.03B
EPRA:LSE Amundi Index Solutions - Amund.. 0.00 % 0.00 % N/A USD 0.15B
GBRE:LSE SPDR® Dow Jones Global Real E.. 0.00 % 0.00 % N/A USD 0.19B
ENG:PA BNP Paribas Easy SICAV - NMX 3.. 0.00 % 0.00 % N/A USD 0.27B
EPRA:PA Amundi Index Solutions - Amund.. 0.00 % 0.00 % N/A USD 0.15B
10AJ:F Amundi Index Solutions - Amund.. 0.00 % 0.00 % N/A N/A
The Stock Target Advisor platform run millions of calculations every day on over 30,000 Canadian and American stocks, comparing and
ranking their financial and market performance against their sectors and exchange.
We represent the percentile ranking using the following grading system.
Letter Grade Percentage Letter Grade Percentage Letter Grade Percentage
A+ 97%-100% A 93%-96% A- 90%-92%
B+ 97%-89% B 83%-86% B- 80%-82%
C+ 77%-79% C 73%-76% C- 70%-72%
D+ 67%-69% D 63%-66% D- 60%-62%
F 0%-59%