Welltower (WELL) Gets Fresh Buy Signal from UBS as Analyst Price Target Points to Modest Upside Potential

UBS has reaffirmed its constructive stance on Welltower with a Buy rating as of early December 2025. According to the latest analyst consensus, the stock carries an average one-year price target of $203.34 per share, suggesting approximately 0.70% upside from current trading levels around $201.92.

Price Projections Show Mixed Signals

The analyst price forecasts display a wide range, with targets spanning from $163.62 on the low end to $258.30 at the peak. This divergence reflects varying outlooks among market participants regarding the real estate investment trust’s future performance. Meanwhile, revenue projections for the current year stand at 7,398MM, representing a notable 25.33% decline compared to prior expectations. Non-GAAP earnings per share are projected at 2.34.

Institutional Ownership Dynamics Favor the Stock

The institutional landscape for Welltower shows active accumulation signals. A total of 2,274 funds and institutions maintain positions in WELL, marking a net increase of 59 participants over the most recent quarter—a 2.66% expansion in fund ownership. The average portfolio allocation to WELL across all institutional funds currently stands at 0.77%, which itself has grown 1.44% sequentially. However, aggregate institutional share count declined by 2.66% to approximately 750,442K shares.

Options market data reveals a put/call ratio of 1.05, suggesting some caution among traders despite the broader institutional support.

Major Shareholders Demonstrate Divergent Strategies

Capital International Investors strengthened its conviction in Welltower, expanding holdings to 46,516K shares (6.78% ownership), up from 44,673K previously—representing a 3.96% increase. The firm simultaneously boosted its portfolio weight allocation by 13.09% over the quarter.

Cohen & Steers, meanwhile, pared back slightly, holding 33,569K shares (4.89% stake) following a modest 4.78% reduction from prior filings, though it still increased relative portfolio commitment by 8.79%.

Real estate index funds remain substantial holders. Vanguard Real Estate Index Fund Investor Shares maintains 23,601K shares representing 3.44% ownership, having grown its position by 3.13% and raised its portfolio weighting by 10.64%. Similarly, Vanguard’s broader Total Stock Market Index Fund holds 21,040K shares (3.07%), reflecting a 3.74% share increase but a 7.00% reduction in relative portfolio weight.

Wellington Management Group holds 20,018K shares (2.92% ownership), though it registered a modest 0.75% share decrease and an outsized 84.30% cut to portfolio allocation during the period.

These mixed moves—with some institutional players increasing conviction while others trim exposure—suggest a nuanced market perspective on Welltower’s near-term trajectory.