Welltower: When the Market Prices the Future Before It Arrives

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For many investors, Welltower (NYSE: WELL) is difficult to understand. Over the last five years, the company’s share price has climbed from roughly $60 to more than $200, generating returns that appear disconnected from its reported earnings. Revenue has more than doubled, but earnings per share have remained volatile. The share count has expanded materially. […]

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