Is Welltower (WELL) Fully Priced After A 217% Five Year Run?

Welltower has delivered a powerful long run for shareholders, and the latest price around US$232.76 puts a lot of expectation onto what its properties can generate in cash. The question now is whether those cash flows are strong and durable enough to support where the stock trades today. Over the past 5 years the share price has risen 216.9%, which puts a spotlight on whether the current valuation still lines up with the underlying cash generation of the real estate portfolio. For a...