WELL Welltower Inc. Common Stock
NYSE · Real Estate · View on SEC EDGAR ↗ close Oct 2, 2026 10-K/10-Q Jul 28, 2026
$227.71
· of 52w range
· above low
· to high
$163.7552w low
$255.2052w high
Market Cap (MRQ)
$163.70B
P/E (TTM)
104.9
EPS (TTM)
$2.17
Revenue (TTM)
$12.76B
your badges
52W Range
$164–$255
Analyst Rating
BUY
Price Target
$262
P/E
104.9
ROE
3.9%
Net Profit Margin
12.7%
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WELL Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range
Price
$227.71
Market Cap (MRQ)
$163.70B
P/E (TTM)
104.9
EPS (TTM)
$2.17
Revenue (TTM)
$12.76B
Div Yield
1.2%
ROE (TTM)
3.9%
52W Range
$164–$255
WELL Stock Price Chart Daily OHLCV with technical indicators — pan, zoom, and customize your view
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Stock splits
| Ex-date | Split | Type |
|---|---|---|
| Sept. 4, 1985 | 3-for-2 | Forward |
About Welltower Inc. Common Stock Company overview from Wikipedia
Welltower Inc. is a real estate investment trust that invests in healthcare infrastructure. As of December 31, 2022, the company had investments in approximately 3,000 properties, all of which were in the United States, Canada, and the United Kingdom.
History
Frederic D. "Fritz" Wolfe helped grow Wolfe Industries, a diversified, family-owned construction company from one Lima, Ohio lumberyard, investing in health-care real estate. The company began building nursing homes in 1963.
In 1970, Health Care Fund was founded in Lima by Wolfe and Bruce Thompson, as the first healthcare-focused real estate investment trust (REIT). In 1981, Wolfe also founded Health Care & Retirement Corp., later Manor Care Inc., now ProMedica Senior Care.
Health Care Fund changed its name to Health Care REIT in 1985, moving its headquarters to Toledo the following year. The company next became Welltower, in September 2015.
Health Care REIT was led by George Chapman from 1996 to 2014, when he retired and was succeeded by Thomas DeRosa.
Welltower is ranked 534th on the Fortune 500 in 2025.
Acquisitions
In 2011, the company acquired most real estate assets of Genesis HealthCare for $2.4 billion, adding 147 properties, including post-acute, skilled nursing, and assisted living facilities, in 11 states. Genesis continues to operate the properties.
In 2011, it formed a partnership valued at $890 million with Benchmark Senior Living, which included 34 private-pay senior housing complexes. In January 2015, the company acquired nine Benchmark Senior Living complexes in New England for $360 million.
In 2012, the company invested about $5 billion, primarily in private-pay senior housing and medical office buildings; $530 million purchased assets from Belmont Village Senior Living, and $240 million acquired a property portfolio from Brookdale Senior Living.
On January 8, 2013, the company acquired nearly all the real estate assets of Sunrise Senior Living in a $4.3 billion transaction, including 125 properties in large urban areas in the U.S., Canada, and the UK, with 120 owned properties and five joint-venture properties among them. In a related deal, Sunrise's property management business was recapitalized and spun-off to a partnership including Kohlberg Kravis Roberts and Coastwood Senior Housing Partners LLC, for $130 million. The company bought out their interests in late 2014 through a joint venture with Canadian senior living operator Revera, with Revera owning a 76% equity interest in the Sunrise Senior Living real estate management, and the remainder retained by Health Care REIT.
The company first partnered with Revera in May 2013 when it formed a joint venture to share ownership of 47 Revera retirement residences in Canada. The company bought a 75 percent interest in the approximately CAD$1.35 billion portfolio, with Revera owning the remaining 25 percent. In 2015, the joint venture then acquired Regal Lifestyle Communities for CAD$764 million, including 23 private-pay senior housing properties, thirteen properties in Ontario and seven in Quebec, totalling 3,600 units. One property each is located in British Columbia, Saskatchewan, and Newfoundland.
In early 2015, the company purchased all of Aspen Healthcare's four London hospitals for £226 million, including Holly House Hospital, Highgate Hospital, and Parkside Hospital and Cancer Centre, which were then leased back to Aspen for a 25-year terms.
In August 2015, Welltower formed a joint venture with the Canada Pension Plan Investment Board (CPPIB) to acquire a combined interest of 50.5 percent in a portfolio of medical office buildings in Southern California from healthcare REIT G&L Realty. In February 2016, Welltower formed another joint venture with the CPPIB to buy a 97.5 percent interest in senior housing run by Discovery Senior Living in Florida for $555 million. The remaining 2.5 percent equity was retained by Discovery, which operates all six properties, known as "Aston Gardens".
Welltower acquired 19 properties from Vintage Senior Living for $1.15 billion in the Los Angeles and San Francisco areas, in September 2016, making Welltower the largest owner of senior housing in the state.
In April 2018, Welltower and ProMedica acquired Healthpeak Properties spin-off Quality Care Properties, along with HCR ManorCare, for $4.4 billion.
In 2025, Welltower acquired Amica Senior Lifestyles from the Ontario Teachers' Pension Plan, for US$4.6 billion and, that June, it acquired NorthStar Healthcare Income REIT for $US900 million in cash.
According to researchers at Corporate Watch, Welltower’s acquisition of the UK’s largest care home providers HC-One and Barchester Healthcare in late 2025 made Welltower the largest single investor in the UK care home industry.[1] Barchester Healthcare was acquired for $6.875 billion, the largest ever care home deal.
Source: Wikipedia, CC BY-SA 4.0 · View on Wikipedia ↗
sectorReal Estate
industryReal Estate
employees712
countryUS
10-Year Performance Revenue, net income, margins and EPS trends
Revenue$10.84B2016-12-31 → 2025-12-31
EPS$1.392016-12-31 → 2025-12-31
Net margin12.7%2016-12-31 → 2025-12-31
Valuation & Ratios
Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?
| Metric | 5Y trend | WELL | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| P/E (TTM) | 104.95Y avg ≈135.8 | ≈135.8 | · | · | |
| P/S (TTM) | 12.85Y avg ≈8.6 | ≈8.6 | · | · | |
| P/B (MRQ) | 3.55Y avg ≈2.3 | ≈2.3 | · | · | |
| Price / Cash Flow | 55.05Y avg ≈33.3 | ≈33.3 | · | · | |
| Price / Tangible Book (MRQ) | 3.65Y avg ≈2.3 | ≈2.3 | · | · |
Peer median is calculated on a standardized basis per metric and may not always match the TTM/MRQ basis shown for this stock.
Profitability Gross, operating and net margins; ROE, ROA, ROIC
| Metric | 5Y trend | WELL | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| Net Profit Margin (TTM) | 12.7%5Y avg ≈7.4% | ≈7.4% | · | · | |
| ROA (TTM) | 2.6%5Y avg ≈1.2% | ≈1.2% | · | · | |
| ROE (TTM) | 3.9%5Y avg ≈2.1% | ≈2.1% | · | · |
Financial Health Debt, liquidity, solvency — balance sheet strength
No data for this ratio group yet
Not enough fundamentals data to compute this ratio group yet.
Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR
| Metric | 5Y trend | WELL | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| Revenue YoY | 35.6%5Y avg ≈19.2% | ≈19.2% | · | · | |
| Revenue CAGR 3Y | 22.7%5Y avg ≈18.2% | ≈18.2% | · | · | |
| Revenue CAGR 5Y | 18.7% | · | · | · | |
| EPS YoY | -11.5%5Y avg ≈23.7% | ≈23.7% | · | · | |
| Net Income YoY | -1.1%5Y avg ≈34.5% | ≈34.5% | · | · | |
| EPS CAGR 3Y | 66.7%5Y avg ≈19.5% | ≈19.5% | · | · | |
| EPS CAGR 5Y | -9.8% | · | · | · | |
| Net Income CAGR 3Y | 81.6%5Y avg ≈29.7% | ≈29.7% | · | · | |
| Net Income CAGR 5Y | -1.5% | · | · | · |
Capital Efficiency Asset turnover, inventory turnover, receivables turnover
| Metric | 5Y trend | WELL | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| Asset Turnover | 0.25Y avg ≈0.2 | ≈0.2 | · | · | |
| Revenue / Employee | ≈$15.2M | · | · | · |
value · ≈ 5Y avg · industry median · verdict relative to median
Dividends Yield, payout ratio, dividend history, 5Y CAGR
Dividend Yield1.2%
Payout Ratio195.2%
Annualized Payout≈$3.40
5Y Div CAGR≈2.9%
Growth Streak≈2
| Ex-date | Amount | Currency | Yield |
|---|---|---|---|
| Aug 12, 2026 | $0.85 | USD | ≈1.3% |
| May 13, 2026 | $0.74 | USD | ≈1.3% |
| Feb 25, 2026 | $0.74 | USD | ≈1.4% |
| Nov 10, 2025 | $0.74 | USD | ≈1.5% |
| Aug 12, 2025 | $0.74 | USD | ≈1.7% |
| May 14, 2025 | $0.67 | USD | ≈1.9% |
| Feb 25, 2025 | $0.67 | USD | ≈1.7% |
| Nov 13, 2024 | $0.67 | USD | ≈1.9% |
| Aug 12, 2024 | $0.67 | USD | ≈2.1% |
| May 10, 2024 | $0.61 | USD | ≈2.5% |
| Feb 22, 2024 | $0.61 | USD | ≈2.6% |
| Nov 13, 2023 | $0.61 | USD | ≈2.9% |
| Aug 14, 2023 | $0.61 | USD | ≈2.9% |
| May 15, 2023 | $0.61 | USD | ≈3.0% |
| Feb 27, 2023 | $0.61 | USD | ≈3.3% |
| Nov 17, 2022 | $0.61 | USD | ≈3.7% |
| Aug 22, 2022 | $0.61 | USD | ≈3.1% |
| May 23, 2022 | $0.61 | USD | ≈2.8% |
| Feb 28, 2022 | $0.61 | USD | ≈2.9% |
| Nov 15, 2021 | $0.61 | USD | ≈2.9% |
Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date
Avg Surprise
-12.8%
Next Report
Oct 26, 2026
| Period | Report | EPS Actual | EPS Est | Surprise |
|---|---|---|---|---|
| June 30, 2026 | Jul 27, 2026 | $0.61 | $0.64 | -4.5% |
| March 31, 2026 | $1.02 | $0.77 | 31.8% | |
| Dec. 31, 2025 | $0.14 | $0.59 | -76.3% | |
| Sept. 30, 2025 | $0.41 | $0.53 | -23.1% | |
| June 30, 2025 | $0.45 | $0.46 | -3.2% | |
| March 31, 2025 | $0.40 | $0.41 | -1.3% |
Full Fundamentals All metrics by year — income statement, balance sheet, cash flow
Income Statement
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $10.84B | $7.99B | $6.64B | $5.86B | $4.74B | $4.61B | $5.12B | $4.70B | $4.32B | $4.28B | $3.86B | $3.34B | |
| Cost of Revenue | $6.49B | $4.83B | $3.95B | $3.56B | $2.77B | $2.60B | $2.69B | $2.43B | $2.08B | · | · | · | |
| SG&A Expense | $1.75B | $235M | $179M | $150M | $127M | $128M | $127M | $126M | $122M | $155M | $147M | $143M | |
| Operating Expenses | $11.32B | $7.47B | $6.29B | $5.69B | $4.57B | $4.64B | $4.58B | $4.28B | $4.02B | $3.57B | $3.22B | $2.96B | |
| Interest Income | $246M | $256M | $168M | $151M | $138M | · | · | $56M | $74M | $98M | $84M | $38M | |
| Other Non-op | · | · | $-108M | $-102M | $-42M | $-70M | $-53M | $-113M | · | · | · | · | |
| Pretax Income | · | $524M | $350M | $173M | $171M | $-32M | $543M | $423M | $300M | $709M | $636M | $384M | |
| Income Tax | $-7M | $3M | $6M | $7M | $9M | $10M | $3M | $9M | $20M | $-19M | $6M | $-1M | |
| Net Income | $962M | $973M | $358M | $161M | $374M | $1.04B | $1.33B | $830M | $541M | $1.08B | $889M | $512M | |
| EPS (Basic) | $1.41 | $1.58 | $0.66 | $0.31 | $0.79 | $2.36 | $3.07 | $2.03 | $1.26 | $2.83 | $2.35 | $1.46 | |
| EPS (Diluted) | $1.39 | $1.57 | $0.66 | $0.30 | $0.78 | $2.33 | $3.05 | $2.02 | $1.26 | $2.81 | $2.34 | $1.45 | |
| Shares (Basic) | 665,639,000 | 602,975,000 | 515,629,000 | 462,185,000 | 424,976,000 | 415,451,000 | 401,845,000 | 373,620,000 | 367,237,000 | 358,275,000 | 348,240,000 | 306,272,000 | |
| Shares (Diluted) | 679,521,000 | 608,750,000 | 518,701,000 | 465,158,000 | 426,841,000 | 417,387,000 | 403,808,000 | 375,250,000 | 369,001,000 | 360,227,000 | 349,424,000 | 307,747,000 | |
| EBITDA | · | · | · | · | · | · | $1.03B | $950M | $922M | $901M | $826M | $844M |
Balance Sheet
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $5.03B | $3.51B | $1.99B | $632M | $269M | $1.55B | $285M | $215M | $244M | $607M | $423M | $553M | |
| Goodwill | $346M | $149M | $68M | $68M | $68M | $68M | $68M | $68M | $68M | $68M | $68M | $68M | |
| Intangibles | $909M | $666M | $515M | $461M | $503M | $323M | $436M | $384M | $377M | $436M | $469M | $359M | |
| Total Assets | $67.30B | $51.04B | $44.01B | $37.89B | $34.91B | $32.48B | $33.38B | $30.34B | $27.94B | $28.87B | $29.02B | $24.96B | |
| Total Liabilities | $24.10B | $18.47B | $17.64B | $16.50B | $15.91B | $15.26B | $16.40B | $14.33B | $12.64B | $13.19B | $13.66B | $11.40B | |
| Long-term Debt | $19.20B | $15.50B | $15.74B | $14.71B | $13.91B | $2.38B | $13.42B | $12.19B | $11.04B | $11.73B | $12.12B | · | |
| Common Stock | $697M | $637M | $566M | $492M | $449M | $419M | $411M | $384M | $372M | $363M | $355M | $329M | |
| Paid-in Capital | $50.90B | $40.02B | $32.74B | $26.74B | $23.13B | $20.82B | $20.19B | $18.42B | $17.66B | $17.00B | $16.48B | · | |
| Retained Earnings | $11.03B | $10.10B | $9.15B | $8.80B | $8.66B | $8.33B | $7.35B | $6.12B | $5.32B | $4.80B | $3.73B | · | |
| Treasury Stock | $14M | $114M | $112M | $111M | $108M | $104M | $79M | $68M | $65M | $55M | $44M | $35M | |
| AOCI | $-288M | $-360M | $-163M | $-120M | $-121M | $-149M | $-112M | $-130M | $-111M | $-170M | $-88M | $-77M | |
| Stockholders' Equity | $42.13B | $31.96B | $25.40B | $20.29B | $17.64B | $15.97B | $15.54B | $14.63B | $14.42B | $14.81B | $14.59B | $13.18B | |
| Liabilities + Equity | $67.30B | $51.04B | $44.01B | $37.89B | $34.91B | $32.48B | $33.38B | $30.34B | $27.94B | $28.87B | $29.02B | $24.96B | |
| Shares Outstanding | 696,507,255 | 635,289,329 | 564,241,181 | 490,508,937 | 447,239,477 | 417,400,602 | 410,256,615 | 383,674,603 | 371,731,551 | 362,602,173 | 354,777,670 | 328,790,066 |
Cash Flow
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| D&A | $2.08B | $1.63B | $1.40B | $1.31B | $1.04B | $1.04B | $1.03B | $950M | $922M | $901M | $826M | $844M | |
| Stock-based Comp | $1.56B | $76M | $37M | $26M | $18M | $28M | $25M | $28M | $19M | $29M | $31M | $32M | |
| Deferred Tax | $-50M | $-7M | $-2M | $-11M | $-1M | $-1M | $-10M | $-7M | $12M | $-34M | $-4M | $-4M | |
| Other Non-cash | · | · | · | · | · | · | $-837M | $-217M | $-60M | $-349M | $-368M | $-246M | |
| Operating Cash Flow | $2.88B | $2.26B | $1.60B | $1.33B | $1.28B | $1.36B | $1.54B | $1.58B | $1.43B | $1.64B | $1.38B | $1.14B | |
| Investing Cash Flow | $-10.51B | $-5.51B | $-5.71B | $-3.70B | $-4.52B | $2.35B | $-2.05B | $-2.39B | $155M | $-183M | $-3.50B | $-2.13B | |
| Stock Issued | · | · | · | · | $2.35B | $595M | $1.06B | $790M | $622M | $534M | $1.76B | $2.34B | |
| Stock Repurchased | · | · | · | $0 | $0 | $8M | $0 | $0 | · | · | · | · | |
| Net Stock Activity | · | · | · | $0 | $2.35B | $588M | $1.06B | $790M | $622M | $534M | $1.76B | $2.34B | |
| Dividends Paid | $1.88B | $1.55B | $1.26B | $1.13B | $1.04B | $1.12B | $1.40B | $1.30B | $1.28B | $1.23B | $1.14B | $970M | |
| Financing Cash Flow | $9.00B | $4.91B | $5.45B | $2.76B | $1.57B | $-2.08B | $577M | $818M | $-1.91B | $-1.25B | $2.00B | $1.30B | |
| Net Change in Cash | $1.50B | $1.64B | $1.35B | $376M | $-1.67B | $1.64B | $70M | $7M | $-298M | $185M | $-131M | $315M | |
| Taxes Paid | $23M | $8M | $8M | $3M | $-5M | $14M | $14M | $2M | $10M | · | · | · |
Profitability
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Margin | 8.9% | 12.2% | 5.4% | 2.7% | 7.9% | 22.6% | 26.0% | 17.6% | 12.5% | 25.3% | 23.0% | 15.3% | |
| Pretax Margin | · | 6.6% | 5.3% | 2.9% | 3.6% | -0.69% | 10.6% | 9.0% | 6.9% | 16.6% | 16.5% | 11.5% | |
| EBITDA Margin | · | · | · | · | · | · | 20.1% | 20.2% | 21.3% | 21.1% | 21.4% | 25.2% | |
| ROA | 1.6% | 2.1% | 0.87% | 0.44% | 1.1% | 3.1% | 4.2% | 2.9% | 1.9% | 3.7% | 3.3% | · | |
| ROE | 2.6% | 3.4% | 1.6% | 0.85% | 2.2% | 6.6% | 8.8% | 5.7% | 3.7% | 7.4% | 6.4% | · |
Efficiency
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 0.2 | 0.2 | 0.2 | 0.2 | 0.1 | 0.1 | 0.2 | 0.2 | 0.2 | 0.1 | 0.1 | · |
Per Share
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Book Value / Share | $60.49 | $50.30 | $45.02 | $41.38 | $39.43 | $38.27 | $37.88 | $38.14 | $38.80 | $40.83 | $41.13 | · | |
| Revenue / Share | $15.95 | $13.13 | $12.80 | $12.60 | $11.11 | $11.04 | $12.68 | $12.53 | $11.70 | $11.88 | $11.05 | $10.86 | |
| Cash Flow / Share | $4.24 | $3.71 | $3.09 | $2.86 | $2.99 | $3.27 | $3.80 | $4.22 | $3.89 | $4.52 | $3.93 | $3.70 | |
| Cash / Share | $7.23 | $5.52 | $3.53 | $1.29 | $0.60 | $3.70 | $0.69 | $0.56 | $0.66 | $1.16 | $1.02 | · | |
| Dividend Paid / Share | $2.82 | $2.56 | $2.44 | $2.44 | $2.44 | $2.70 | $3.48 | $3.48 | $3.48 | $3.44 | $3.30 | $3.18 | |
| EPS (TTM) | $1.39 | $1.57 | $0.66 | $0.30 | $0.78 | $2.33 | $3.05 | $2.02 | $1.26 | $2.81 | $2.34 | $1.45 |
Growth Rates
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue YoY | 35.6% | 20.4% | 13.3% | 23.6% | 3.0% | · | · | · | · | · | · | · | |
| Revenue CAGR 3Y | 22.7% | 19.0% | 13.0% | · | · | · | · | · | · | · | · | · | |
| Revenue CAGR 5Y | 18.7% | · | · | · | · | · | · | · | · | · | · | · | |
| EPS YoY | -11.5% | 137.9% | 120.0% | -61.5% | -66.5% | · | · | · | · | · | · | · | |
| EPS CAGR 3Y | 66.7% | 26.3% | -34.3% | · | · | · | · | · | · | · | · | · | |
| EPS CAGR 5Y | -9.8% | · | · | · | · | · | · | · | · | · | · | · | |
| Net Income YoY | -1.1% | 171.6% | 123.0% | -57.1% | -63.9% | · | · | · | · | · | · | · | |
| Net Income CAGR 3Y | 81.6% | 37.5% | -29.9% | · | · | · | · | · | · | · | · | · | |
| Net Income CAGR 5Y | -1.5% | · | · | · | · | · | · | · | · | · | · | · | |
| Dividends Paid CAGR 5Y | 10.9% | · | · | · | · | · | · | · | · | · | · | · |
Valuation (TTM)
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $10.84B | $7.99B | $6.64B | $5.86B | $4.74B | $4.61B | $5.12B | $4.70B | $4.32B | $4.28B | $3.86B | $3.34B | |
| Net Income TTM | $962M | $973M | $358M | $161M | $374M | $1.04B | $1.33B | $830M | $541M | $1.08B | $889M | $512M | |
| Market Cap | $129.28B | $80.07B | $50.88B | $32.15B | $38.36B | $26.97B | $33.55B | $26.63B | $23.71B | $24.27B | $24.14B | · | |
| P/E | 133.5 | 80.3 | 136.6 | 218.5 | 110.0 | 27.7 | 26.8 | 34.4 | 50.6 | 23.8 | 29.1 | 52.2 | |
| P/S | 11.9 | 10.0 | 7.7 | 5.5 | 8.1 | 5.9 | 6.6 | 5.7 | 5.5 | 5.7 | 6.3 | · | |
| P/B | 3.1 | 2.5 | 2.0 | 1.6 | 2.2 | 1.7 | 2.2 | 1.8 | 1.6 | 1.6 | 1.7 | · | |
| P / Tangible Book | 3.2 | 2.6 | 2.0 | 1.6 | 2.2 | 1.7 | · | · | · | · | · | · | |
| P / Cash Flow | 44.9 | 35.5 | 31.8 | 24.2 | 30.1 | 19.8 | 21.8 | 16.8 | 16.5 | 14.9 | 17.6 | · | |
| Dividend Yield | 1.5% | 1.9% | 2.5% | 3.5% | 2.7% | 4.2% | 4.2% | 4.9% | 5.4% | 5.1% | 4.7% | · | |
| Earnings Yield | 0.75% | 1.2% | 0.73% | 0.46% | 0.91% | 3.6% | 3.7% | 2.9% | 2.0% | 4.2% | 3.4% | 1.9% | |
| Payout Ratio | 195.2% | 158.8% | 352.0% | 704.7% | 277.0% | 107.8% | 105.6% | 156.7% | 236.3% | 114.0% | 128.8% | 189.3% | |
| Annual Payout | $1.88B | $1.55B | $1.26B | $1.13B | $1.04B | $1.12B | $1.40B | $1.30B | $1.28B | $1.23B | $1.14B | $970M |
Income Statement
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $3.54B | $3.35B | $3.18B | $2.69B | $2.55B | $2.42B | $2.25B | $2.06B | $1.82B | $1.86B | $1.75B | $1.66B | $1.67B | $1.56B | $1.52B | $1.47B | |
| Cost of Revenue | $2.15B | $2.06B | $1.93B | $1.58B | $1.51B | $1.46B | $1.41B | $1.21B | $1.11B | $1.10B | $1.04B | $995M | $959M | $958M | $939M | $912M | |
| SG&A Expense | $67M | $67M | $1.56B | $63M | $64M | $64M | $49M | $78M | $56M | $53M | $44M | $46M | $44M | $44M | $41M | $35M | |
| Operating Expenses | $3.22B | $3.01B | $4.45B | $2.39B | $2.25B | $2.22B | $2.14B | $1.87B | $1.73B | $1.72B | $1.66B | $1.59B | $1.51B | $1.52B | $1.51B | $1.47B | |
| Interest Income | $77M | $71M | $54M | $67M | $62M | $62M | $71M | $69M | $63M | $53M | $51M | $42M | $39M | $36M | · | · | |
| Other Non-op | · | · | · | · | · | · | · | $-20M | $-49M | $-14M | · | $-38M | $-11M | $-23M | · | $-15M | |
| Pretax Income | $320M | $345M | · | $293M | $298M | $199M | · | $184M | $90M | $141M | · | $72M | $152M | $38M | $7M | $6M | |
| Income Tax | $-62M | $12M | $-5M | $2M | $1M | $-6M | $114.0K | $-5M | $1M | $6M | $-5M | $5M | $4M | $3M | $-4M | $3M | |
| Net Income | $463M | $752M | $118M | $282M | $305M | $257M | $124M | $457M | $261M | $132M | $88M | $135M | $106M | $29M | $2M | $-3M | |
| EPS (Basic) | $0.63 | $1.04 | $0.13 | $0.42 | $0.46 | $0.40 | $0.20 | $0.74 | $0.42 | $0.22 | $0.16 | $0.24 | $0.21 | $0.05 | $-0.02 | $-0.01 | |
| EPS (Diluted) | $0.61 | $1.02 | $0.13 | $0.41 | $0.45 | $0.40 | $0.20 | $0.73 | $0.42 | $0.22 | $0.17 | $0.24 | $0.20 | $0.05 | $-0.03 | $-0.01 | |
| Shares (Basic) | 709,732,000 | 699,837,000 | · | 672,407,000 | 656,593,000 | 643,393,000 | · | 611,290,000 | 600,545,000 | 574,049,000 | · | 521,848,000 | 499,023,000 | 492,061,000 | · | 463,366,000 | |
| Shares (Diluted) | 737,956,000 | 726,255,000 | · | 685,399,000 | 668,140,000 | 653,795,000 | · | 618,306,000 | 604,563,000 | 577,530,000 | · | 525,138,000 | 501,970,000 | 494,494,000 | · | 463,366,000 | |
| EBITDA | $738M | · | · | · | · | · | · | · | · | · | · | · | · | · | · | · |
Balance Sheet
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $1.97B | $4.70B | $5.03B | $6.81B | $4.41B | $3.50B | $3.51B | $3.56B | $2.78B | $2.39B | · | $2.58B | $2.20B | $572M | · | $343M | |
| Goodwill | $349M | $343M | $346M | $206M | $208M | $200M | $149M | $68M | $68M | $68M | $68M | $68M | $68M | $68M | $68M | $68M | |
| Intangibles | $878M | $784M | $909M | $384M | $655M | $693M | $666M | $484M | $449M | $477M | · | $386M | $397M | $447M | · | $504M | |
| Total Assets | $69.88B | $67.22B | $67.30B | $59.50B | $55.83B | $53.29B | $51.04B | $48.95B | $45.53B | $44.55B | · | $41.65B | $40.06B | $38.49B | · | $37.41B | |
| Total Liabilities | $22.21B | $22.29B | $24.10B | $20.19B | $19.29B | $18.71B | $18.47B | $17.89B | $15.85B | $16.01B | · | $17.84B | $17.87B | $16.90B | · | $16.96B | |
| Long-term Debt | $17.73B | $17.93B | $19.20B | $16.85B | $15.97B | $15.72B | · | $15.76B | $13.94B | $14.21B | · | $15.83B | $15.99B | $15.12B | · | $14.60B | |
| Common Stock | $719M | $705M | $697M | $684M | $665M | $652M | $637M | $620M | $610M | $593M | · | $534M | $510M | $498M | · | $474M | |
| Paid-in Capital | $55.18B | $52.41B | $50.90B | $47.05B | $43.95B | $42.03B | $40.02B | $37.95B | $36.69B | $35.11B | · | $30.06B | $28.09B | $27.16B | · | $25.29B | |
| Retained Earnings | $12.21B | $11.76B | $11.03B | $10.94B | $10.66B | $10.35B | $10.10B | $9.98B | $9.53B | $9.27B | · | $9.06B | $8.93B | $8.83B | · | $8.81B | |
| Treasury Stock | $26M | $23M | $14M | $14M | $14M | $20M | $114M | $115M | $115M | $115M | · | $112M | $112M | $113M | · | $112M | |
| AOCI | $-422M | $-342M | $-288M | $-217M | $-166M | $-310M | $-360M | $-195M | $-246M | $-181M | · | $-149M | $-96M | $-112M | · | $-75M | |
| Stockholders' Equity | $46.41B | $43.79B | $42.13B | $38.76B | $35.90B | $33.96B | $31.96B | $30.33B | $28.98B | $27.55B | · | $22.95B | $21.20B | $20.45B | · | $19.17B | |
| Liabilities + Equity | $69.88B | $67.22B | $67.30B | $59.50B | $55.83B | $53.29B | $51.04B | $48.95B | $45.53B | $44.55B | · | $41.65B | $40.06B | $38.49B | · | $37.41B | |
| Shares Outstanding | 718,902,041 | 704,686,814 | 696,507,255 | 684,108,350 | 665,119,829 | 651,889,055 | 635,289,329 | 618,395,510 | 608,150,705 | 590,934,192 | · | 532,268,482 | 508,159,453 | 496,294,516 | · | 472,516,526 |
Cash Flow
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| D&A | $738M | $623M | $594M | $510M | $495M | $486M | $480M | $404M | $382M | $366M | $381M | $339M | $342M | $339M | $342M | $354M | |
| Stock-based Comp | $17M | $19M | $1.51B | $16M | $15M | $18M | $14M | $40M | $10M | $12M | $8M | $9M | $11M | $9M | $7M | $6M | |
| Operating Cash Flow | $1.00B | $670M | $654M | $858M | $770M | $599M | $559M | $685M | $605M | $407M | $371M | $439M | $416M | $376M | $253M | $356M | |
| Investing Cash Flow | $-5.27B | $-807M | $-5.46B | $-1.63B | $-1.40B | $-2.03B | $-2.21B | $-1.45B | $-1.28B | $-581M | $-3.14B | $-1.24B | $-393M | $-933M | $-419M | $-1.20B | |
| Stock Issued | $2.91B | $1.54B | · | $2.87B | $1.98B | $1.99B | · | $1.24B | $1.60B | $2.42B | · | $1.93B | $923M | $411M | · | $827M | |
| Net Stock Activity | · | $1.54B | · | · | · | $1.99B | · | · | · | · | · | · | · | $411M | · | · | |
| Dividends Paid | $524M | $520M | $510M | $497M | $439M | $432M | $418M | $409M | $366M | $352M | $338M | $319M | $303M | $300M | $298M | $283M | |
| Financing Cash Flow | $1.53B | $-200M | $3.03B | $3.24B | $1.42B | $1.31B | $1.59B | $1.68B | $1.06B | $579M | $2.14B | $1.21B | $1.63B | $470M | $457M | $831M | |
| Net Change in Cash | $-2.72B | $-390M | $-1.73B | $2.42B | $913M | $-101M | $-73M | $921M | $385M | $402M | $-611M | $388M | $1.66B | $-83M | $297M | $-17M | |
| Taxes Paid | $16M | $20M | $429.0K | $3M | $8M | $11M | $32.0K | $-742.0K | $6M | $3M | $4M | $3M | $832.0K | $325.0K | $-3M | $1M |
Profitability
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Margin | 13.1% | 22.4% | · | 10.5% | 11.9% | 10.6% | · | 22.2% | 14.3% | 7.1% | · | 8.1% | 6.4% | 1.8% | · | -0.18% | |
| Pretax Margin | 9.0% | 10.3% | · | 10.9% | 11.7% | 8.2% | · | 8.9% | 5.0% | 7.6% | · | 4.3% | 9.2% | 2.4% | · | 0.42% | |
| EBITDA Margin | 20.8% | · | · | · | · | · | · | · | · | · | · | · | · | · | · | · | |
| ROA | 0.74% | 1.2% | · | 0.52% | 0.60% | 0.53% | · | 1.0% | 0.61% | 0.32% | · | 0.34% | 0.28% | 0.08% | · | -0.01% | |
| ROE | 1.1% | 1.9% | · | 0.82% | 0.94% | 0.84% | · | 1.7% | 1.0% | 0.55% | · | 0.64% | 0.53% | 0.15% | · | -0.01% |
Efficiency
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 0.1 | 0.1 | · | 0.0 | 0.1 | 0.0 | · | 0.0 | 0.0 | 0.0 | · | 0.0 | 0.0 | 0.0 | · | 0.0 |
Per Share
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Book Value / Share | $64.56 | $62.15 | · | $56.65 | $53.98 | $52.09 | · | $49.05 | $47.65 | $46.62 | · | $43.12 | $41.73 | $41.20 | · | $40.57 | |
| Revenue / Share | $4.80 | $4.62 | · | $3.92 | $3.81 | $3.71 | · | $3.32 | $3.02 | $3.22 | · | $3.16 | $3.32 | $3.16 | · | $3.18 | |
| Cash Flow / Share | · | $0.92 | · | · | · | $0.92 | · | · | · | $0.70 | · | · | · | $0.76 | · | · | |
| Cash / Share | $2.73 | $6.67 | · | $9.95 | $6.63 | $5.37 | · | $5.76 | $4.57 | $4.04 | · | $4.85 | $4.34 | $1.15 | · | $0.73 | |
| Dividend / Share | $0.74 | $0.74 | · | $0.74 | $0.67 | $0.67 | · | $0.67 | $0.61 | $0.61 | · | · | · | · | · | · | |
| Dividend Paid / Share | · | · | · | · | · | · | $0.67 | $0.67 | $0.61 | $0.61 | $0.61 | $0.61 | $0.61 | $0.61 | $0.61 | $0.61 | |
| EPS (TTM) | $2.17 | $2.01 | · | $1.46 | $1.78 | $1.75 | · | $1.54 | $1.05 | $0.83 | · | $0.46 | $0.21 | $0.21 | · | $0.46 |
Valuation (TTM)
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $12.76B | $11.77B | · | $9.91B | $9.28B | $8.55B | · | $7.49B | $7.10B | $6.94B | · | $6.41B | $6.22B | $6.03B | · | $5.65B | |
| Net Income TTM | $1.62B | $1.46B | · | $968M | $1.14B | $1.10B | · | $938M | $615M | $461M | · | $271M | $134M | $123M | · | $225M | |
| Market Cap | $163.17B | $139.32B | · | $121.87B | $102.25B | $99.88B | · | $79.17B | $63.40B | $55.22B | · | $43.60B | $41.11B | $35.58B | · | $30.39B | |
| P/E | 104.6 | 98.4 | · | 122.0 | 86.4 | 87.5 | · | 83.1 | 99.3 | 112.6 | · | 178.1 | 385.2 | 341.4 | · | 139.8 | |
| P/S | 12.8 | 11.8 | · | 12.3 | 11.0 | 11.7 | · | 10.6 | 8.9 | 8.0 | · | 6.8 | 6.6 | 5.9 | · | 5.4 | |
| P/B | 3.5 | 3.2 | · | 3.1 | 2.8 | 2.9 | · | 2.6 | 2.2 | 2.0 | · | 1.9 | 1.9 | 1.7 | · | 1.6 | |
| P / Tangible Book | 3.6 | 3.3 | · | 3.2 | 2.9 | 3.0 | · | 2.7 | 2.2 | 2.0 | · | 1.9 | 2.0 | 1.8 | · | 1.6 | |
| P / Cash Flow | · | 207.9 | · | · | · | 166.7 | · | · | · | 135.7 | · | · | · | 94.6 | · | · | |
| Dividend Yield | 1.3% | 1.4% | · | 1.5% | 1.7% | 1.6% | · | 1.8% | 2.2% | 2.4% | · | 2.8% | 2.9% | 3.3% | · | 3.6% | |
| Earnings Yield | 0.96% | 1.0% | · | 0.82% | 1.2% | 1.1% | · | 1.2% | 1.0% | 0.89% | · | 0.56% | 0.26% | 0.29% | · | 0.72% | |
| Payout Ratio | · | 69.2% | · | · | · | 168.1% | · | · | · | 267.6% | · | · | · | 1048.3% | · | · | |
| Annual Payout | $2.05B | $1.97B | · | $1.79B | $1.70B | $1.63B | · | $1.47B | $1.38B | $1.31B | · | $1.22B | $1.19B | $1.16B | · | $1.10B |
Most recent period on the left · null values shown as ·
Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Revenue | $10.84B | $7.99B | $6.64B | $5.86B | $4.74B |
| Net Income | $962M | $973M | $358M | $161M | $374M |
| Diluted EPS | $1.39 | $1.57 | $0.66 | $0.30 | $0.78 |
No data for this statement
Not enough fundamentals data to build this statement yet.
No data for this statement
Not enough fundamentals data to build this statement yet.
Institutional owners (13F) 1,693 filers · $166.1B total · As of Sept. 30, 2026
Institutions that report holding this stock in their quarterly SEC Form 13F. Long positions only; a single filer may appear twice for separate option legs. Large offsetting put/call legs typically reflect market-making or hedged inventory, not directional conviction.
Holders
1,693
Value held
$166.1B
New positions
196
Exited positions
81
Institutional activity — Q2 2026 vs prior quarter
| New positions | Exited positions | Increased | Decreased | Net shares change |
|---|---|---|---|---|
| 196 (-17 vs prior Q) | 81 (-19 vs prior Q) | 675 (+30 vs prior Q) | 479 (+34 vs prior Q) | +39.1M |
Compared to Q1 2026. SEC Form 13F filings are due within 45 days of quarter-end plus a short buffer for late filers — quarters still inside that window are skipped in favor of the most recent fully-reported pair.
| Institution | Value | Shares | % of tracked 13F | Type |
|---|---|---|---|---|
| BlackRock, Inc. | $17,714,830,277 | 78,049,214 | 10.67% | Shares |
| VANGUARD GROUP INC | $17,154,349,233 | 92,421,471 | 10.33% | Shares |
| VANGUARD CAPITAL MANAGEMENT LLC | $10,467,623,529 | 46,118,974 | 6.30% | Shares |
| VANGUARD PORTFOLIO MANAGEMENT LLC | $9,861,748,449 | 43,449,568 | 5.94% | Shares |
| STATE STREET CORP | $9,564,245,706 | 42,138,810 | 5.76% | Shares |
| Capital International Investors | $8,965,880,965 | 39,500,055 | 5.40% | Shares |
| Capital World Investors | $4,545,947,796 | 20,028,842 | 2.74% | Shares |
| BANK OF AMERICA CORP /DE/ | $4,425,089,044 | 19,496,361 | 2.66% | Shares |
| FMR LLC | $4,414,899,190 | 19,451,466 | 2.66% | Shares |
| NORGES BANK | $4,118,820,958 | 18,146,984 | 2.48% | Shares |
| GEODE CAPITAL MANAGEMENT, LLC | $3,997,030,914 | 17,685,516 | 2.41% | Shares |
| WELLINGTON MANAGEMENT GROUP LLP | $3,445,251,168 | 15,179,324 | 2.07% | Shares |
| DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main | $2,411,384,433 | 10,624,243 | 1.45% | Shares |
| PRINCIPAL FINANCIAL GROUP INC | $2,227,641,548 | 9,814,621 | 1.34% | Shares |
| MORGAN STANLEY | $2,215,699,581 | 9,762,078 | 1.33% | Shares |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | $2,132,219,959 | 9,394,281 | 1.28% | Shares |
| NORTHERN TRUST CORP | $2,109,128,484 | 9,292,543 | 1.27% | Shares |
| JPMORGAN CHASE & CO | $1,955,962,355 | 8,588,951 | 1.18% | Shares |
| DIMENSIONAL FUND ADVISORS LP | $1,924,574,732 | 8,479,319 | 1.16% | Shares |
| GOLDMAN SACHS GROUP INC | $1,846,515,055 | 8,135,502 | 1.11% | Shares |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC | $1,615,463,500 | 8,170,874 | 0.97% | Shares |
| Legal & General Group Plc | $1,599,351,142 | 7,046,531 | 0.96% | Shares |
| Capital Research Global Investors | $1,563,681,433 | 6,889,084 | 0.94% | Shares |
| Invesco Ltd. | $1,491,070,747 | 6,569,461 | 0.90% | Shares |
| PeakShares LLC | $1,363,409,000 | 6,007 | 0.82% | Shares |
| CENTERSQUARE INVESTMENT MANAGEMENT LLC | $1,280,252,656 | 5,640,625 | 0.77% | Shares |
| Amundi | $1,211,943,538 | 5,339,664 | 0.73% | Shares |
| DEUTSCHE BANK AG\ | $1,129,361,412 | 4,975,818 | 0.68% | Shares |
| Nuveen, LLC | $1,026,202,749 | 4,521,315 | 0.62% | Shares |
| Daiwa Securities Group Inc. | $925,291,549 | 4,076,713 | 0.56% | Shares |
| Bank of New York Mellon Corp | $919,383,077 | 4,050,681 | 0.55% | Shares |
| VANGUARD FIDUCIARY TRUST CO | $899,718,386 | 3,964,041 | 0.54% | Shares |
| AMERIPRISE FINANCIAL INC | $798,160,930 | 3,558,695 | 0.48% | Shares |
| Resolution Capital Ltd | $766,627,263 | 3,377,659 | 0.46% | Shares |
| WCM INVESTMENT MANAGEMENT, LLC | $762,167,447 | 3,346,803 | 0.46% | Shares |
| HSBC HOLDINGS PLC | $754,820,669 | 3,321,976 | 0.45% | Shares |
| Sumitomo Mitsui Trust Group, Inc. | $715,128,678 | 3,150,763 | 0.43% | Shares |
| PRUDENTIAL FINANCIAL INC | $688,104,495 | 3,031,698 | 0.41% | Shares |
| DUFF & PHELPS INVESTMENT MANAGEMENT CO | $686,520,245 | 3,024,718 | 0.41% | Shares |
| JANE STREET GROUP, LLC | $652,969,993 | 2,876,900 | 0.39% | Call option |
| Russell Investments Group, Ltd. | $647,744,330 | 2,853,498 | 0.39% | Shares |
| CBRE INVESTMENT MANAGEMENT LISTED REAL ASSETS LLC | $645,419,155 | 2,843,632 | 0.39% | Shares |
| SEI INVESTMENTS CO | $583,700,011 | 2,571,718 | 0.35% | Shares |
| Mitsubishi UFJ Asset Management Co., Ltd. | $529,838,768 | 2,334,400 | 0.32% | Shares |
| CANADA PENSION PLAN INVESTMENT BOARD | $528,399,551 | 2,328,059 | 0.32% | Shares |
| NORDEA INVESTMENT MANAGEMENT AB | $479,727,575 | 2,099,648 | 0.29% | Shares |
| National Pension Service | $457,359,757 | 2,015,067 | 0.28% | Shares |
| Swiss National Bank | $450,989,390 | 1,987,000 | 0.27% | Shares |
| Aberdeen Group plc | $399,672,380 | 1,760,904 | 0.24% | Shares |
| APG Asset Management US Inc. | $389,571,945 | 1,692,393 | 0.23% | Shares |
Company insiders 46 insiders · 21 officers · 27 directors
| Insider | Role | Last activity | Shares owned | Buys 12m | Sells 12m | Net 12m |
|---|---|---|---|---|---|---|
| Shankh Mitra | CEO | June 26, 2026 G | 72,642 | 0 | 0 | $0 |
| Thomas J Derosa | Chairman & CEO | Feb. 14, 2020 M | 343,558 | 0 | 0 | $0 |
| George L Chapman | Chairman, CEO and President | Feb. 6, 2014 F | 275,980 | 0 | 0 | $0 |
| Timothy Mchugh | Co-President and CFO | Sept. 29, 2026 G | 23,409 | 0 | 0 | $0 |
| John Goodey | Chief Financial Officer | March 13, 2019 S | 48,094 | 0 | 0 | $0 |
| Scott A Estes | EVP and CFO | April 13, 2017 A | 117,607 | 0 | 0 | $0 |
| Nikhil Chaudhri | Co-President and CIO | Feb. 13, 2026 A | 449 | 0 | 0 | $0 |
| Raymond W Braun | President | Jan. 15, 2009 F | 106,907 | 0 | 0 | $0 |
| John F. Burkart | Vice Chairman and COO | Feb. 13, 2026 A | 1,644 | 0 | 0 | $0 |
| Jeffrey H Miller | EVP-COO | Jan. 31, 2017 M | 120,302 | 0 | 0 | $0 |
| Joshua Fieweger | SVP, Chief Accounting Officer | Feb. 13, 2026 A | 21,269 | 0 | 0 | $0 |
| Matthew Grant Mcqueen | Chief Legal Officer | Feb. 13, 2026 A | 26,881 | 0 | 0 | $0 |
| Ayesha Menon | EVP - Wellness Housing & Deve | Feb. 23, 2023 A | 8,763 | 0 | 0 | $0 |
| Mercedes Kerr | EVP-Business Development | Feb. 28, 2019 S | 44,478 | 0 | 0 | $0 |
| Scott M Brinker | EVP - Chief Investment Officer | Dec. 31, 2016 F | 102,550 | 0 | 0 | $0 |
| Erin C Ibele | EVP-Head Human Cap.&Corp.Secy. | June 17, 2016 S | 63,256 | 0 | 0 | $0 |
| Charles J Herman JR | EVP/Pres, Srs. Hous/Post Acute | June 10, 2015 S | 41,883 | 0 | 0 | $0 |
| Michael A Crabtree | Sr. Vice President & Treasurer | March 5, 2015 S | 45,039 | 0 | 0 | $0 |
| Daniel R Loftus | Senior Vice President | Nov. 1, 2012 M | 35,341 | 0 | 0 | $0 |
| John T Thomas | EVP- Medical Facilities | July 25, 2012 D | 15,136 | 0 | 0 | $0 |
| Frederick L Farrar | Executive Vice President | Oct. 15, 2009 S | 51,754 | 0 | 0 | $0 |
| Andrew Gundlach | Director | Aug. 26, 2026 P | 30,000 | 4 | 0 | $2,407,650 |
| Dennis G Lopez | Director | Aug. 20, 2026 A | 18,598 | 0 | 0 | $0 |
| Kenneth J Bacon | Director | May 1, 2026 C | 14,306 | 0 | 0 | $0 |
| Ade J. Patton | Director | Feb. 26, 2026 A | 8,241 | 0 | 0 | $0 |
| Johnese Spisso | Director | Feb. 26, 2026 A | 16,057 | 0 | 0 | $0 |
| Karen B Desalvo | Director | Feb. 26, 2026 A | 12,370 | 0 | 0 | $0 |
| Sergio Rivera | Director | Feb. 26, 2026 A | 26,611 | 0 | 0 | $0 |
| Kathryn M Sullivan | Director | Feb. 26, 2026 A | 6,599 | 0 | 0 | $0 |
| Diana Reid | Director | March 1, 2024 A | 10,773 | 0 | 0 | $0 |
| Philip L Hawkins | Director | March 1, 2024 A | 4,462 | 0 | 0 | $0 |
| Jeffrey H Donahue | Director | March 3, 2022 A | 49,123 | 0 | 0 | $0 |
| Sharon M Oster | Director | Feb. 12, 2021 A | 43,469 | 0 | 0 | $0 |
| Scott R Trumbull | Director | Feb. 18, 2020 J | 39,486 | 0 | 0 | $0 |
| Gary Whitelaw | Director | Feb. 7, 2019 A | 10,040 | 0 | 0 | $0 |
| Timothy J Naughton | Director | Feb. 7, 2019 A | 19,161 | 0 | 0 | $0 |
| Geoffrey G Meyers | Director | Feb. 7, 2019 A | 10,109 | 0 | 0 | $0 |
| Judith C Pelham | Director | Feb. 7, 2019 A | 13,588 | 0 | 0 | $0 |
| Fred S Klipsch | Director | Feb. 9, 2018 M | 4,703 | 0 | 0 | $0 |
| Peter J Grua | Director | March 10, 2015 G | 21,879 | 0 | 0 | $0 |
| BALLARD WILLIAM C JR | Director | Feb. 5, 2015 A | 23,290 | 0 | 0 | $0 |
| Jeffrey Otten | Director | Feb. 6, 2014 A | 7,212 | 0 | 0 | $0 |
| Pier C Borra | Director | Jan. 26, 2012 A | 69,369 | 0 | 0 | $0 |
| Daniel A Decker | Director | Jan. 26, 2012 A | · | 0 | 0 | $0 |
| Paul D Nungester Jr | · | Feb. 15, 2018 A | 29,989 | 0 | 0 | $0 |
| Bruce G Thompson | · | Aug. 24, 2005 M | 5,507 | 0 | 0 | $0 |
Insiders from SEC Form 3/4/5 filings; net = open-market P/S only
ETF ownership Held by 149 ETFs
Weight reflects direct equity holdings (N-PORT) only; leveraged or derivative-based funds may hold additional swap exposure not shown.
| Fund | Weight | Units | As of | Source |
|---|---|---|---|---|
| REZ · iShares Trust | 25.34% | 884,965 SH | Sept. 11, 2026 | Daily |
| RITA · ETF Series Solutions | 14.28% | 5,312 NS | July 31, 2026 | N-PORT |
| JRE · Janus Detroit Street Trust | 13.91% | 2,495 NS | July 31, 2026 | N-PORT |
| IYR · iShares Trust | 11.49% | 1,990,564 SH | Sept. 11, 2026 | Daily |
| PSR · Invesco Actively Managed Exchange-T… | 10.69% | 25,697 | Oct. 2, 2026 | Daily |
| REET · iShares Trust | 9.37% | 1,927,202 SH | Sept. 11, 2026 | Daily |
| USRT · iShares Trust | 9.22% | 1,728,869 SH | Sept. 11, 2026 | Daily |
| FREL · FIDELITY COVINGTON TRUST | 9.08% | 578,587 NS | July 31, 2026 | N-PORT |
| VNQ · VANGUARD SPECIALIZED FUNDS | 8.41% | 26,553,698 SH | Aug. 19, 2026 | Daily |
| ICF · iShares Trust | 8.32% | 696,021 SH | Sept. 11, 2026 | Daily |
| DFGR · Dimensional ETF Trust | 8.10% | 1,335,044 NS | July 31, 2026 | N-PORT |
| DFAR · Dimensional ETF Trust | 8.01% | 608,239 NS | July 31, 2026 | N-PORT |
| DRN · Direxion Shares ETF Trust | 7.82% | 15,026 NS | July 31, 2026 | N-PORT |
| FPRO · FIDELITY COVINGTON TRUST | 7.61% | 5,364 NS | July 31, 2026 | N-PORT |
| ERET · iShares Trust | 7.32% | 4,185 SH | Sept. 11, 2026 | Daily |
| RNTY · Tidal Trust II | 7.23% | 2,696 NS | July 31, 2026 | N-PORT |
| IQRA · New York Life Investments Active ET… | 6.70% | 1,966 NS | July 31, 2026 | N-PORT |
| HAUS · Tidal Trust I | 5.69% | 1,949 NS | July 31, 2026 | N-PORT |
| GQRE · FlexShares Trust | 4.48% | 81,250 NS | July 31, 2026 | N-PORT |
| RSPR · Invesco Exchange-Traded Fund Trust | 3.41% | 12,327 | Oct. 2, 2026 | Daily |
| PFI · Invesco Exchange-Traded Fund Trust | 3.39% | 8,315 | Oct. 2, 2026 | Daily |
| CAML · Professionally Managed Portfolios | 2.76% | 43,523 NS | July 31, 2026 | N-PORT |
| PWS · Pacer Funds Trust | 2.76% | 2,829 NS | July 31, 2026 | N-PORT |
| BDIV · ETF Series Solutions | 2.16% | 615 NS | July 31, 2026 | N-PORT |
| NULG · Nushares ETF Trust | 1.78% | 202,721 NS | July 31, 2026 | N-PORT |
| ESMV · iShares Trust | 1.54% | 506 SH | Sept. 11, 2026 | Daily |
| USMV · iShares Trust | 1.53% | 1,543,171 SH | Sept. 11, 2026 | Daily |
| UPSD · ETF Series Solutions | 1.48% | 7,370 NS | July 31, 2026 | N-PORT |
| BLDG · Cambria ETF Trust | 1.41% | 4,031 NS | July 31, 2026 | N-PORT |
| VEGN · ETF Series Solutions | 1.35% | 10,209 NS | July 31, 2026 | N-PORT |
| YOKE · EA Series Trust | 1.24% | 12,359 NS | July 31, 2026 | N-PORT |
| RPG · Invesco Exchange-Traded Fund Trust | 1.01% | 86,696 | Oct. 2, 2026 | Daily |
| MTUM · iShares Trust | 0.98% | 1,015,489 SH | Sept. 11, 2026 | Daily |
| SPLV · Invesco Exchange-Traded Fund Trust … | 0.95% | 289,794 | Oct. 2, 2026 | Daily |
| XOEF · iShares Trust | 0.94% | 886 SH | Sept. 11, 2026 | Daily |
| FFLV · FIDELITY COVINGTON TRUST | 0.90% | 632 NS | July 31, 2026 | N-PORT |
| DYNF · BlackRock ETF Trust | 0.90% | 1,580,416 SH | Sept. 11, 2026 | Daily |
| FFLG · FIDELITY COVINGTON TRUST | 0.84% | 21,135 NS | July 31, 2026 | N-PORT |
| FTC · First Trust Exchange-Traded AlphaDE… | 0.81% | 45,297 NS | July 31, 2026 | N-PORT |
| FTLS · First Trust Exchange-Traded Fund III | 0.80% | 85,464 NS | July 31, 2026 | N-PORT |
| SPMO · Invesco Exchange-Traded Fund Trust … | 0.80% | 823,993 | Oct. 2, 2026 | Daily |
| AAAA · EA Series Trust | 0.80% | 9,468 NS | July 31, 2026 | N-PORT |
| PDP · Invesco Exchange-Traded Fund Trust | 0.79% | 51,965 | Oct. 2, 2026 | Daily |
| JOET · Virtus ETF Trust II | 0.76% | 7,884 NS | July 31, 2026 | N-PORT |
| MGK · VANGUARD WORLD FUND | 0.71% | 1,040,250 SH | Aug. 19, 2026 | Daily |
| USXF · iShares Trust | 0.67% | 41,937 SH | Sept. 11, 2026 | Daily |
| IWX · iShares Trust | 0.62% | 102,106 SH | Sept. 11, 2026 | Daily |
| FBCG · FIDELITY COVINGTON TRUST | 0.62% | 181,919 NS | July 31, 2026 | N-PORT |
| ACWV · iShares, Inc. | 0.58% | 82,387 SH | Sept. 11, 2026 | Daily |
| JMOM · J.P. Morgan Exchange-Traded Fund Tr… | 0.56% | 60,263 NS | July 31, 2026 | N-PORT |
| ILCG · iShares Trust | 0.52% | 68,795 SH | Sept. 11, 2026 | Daily |
| IQSU · New York Life Investments ETF Trust | 0.50% | 7,018 NS | July 31, 2026 | N-PORT |
| SUSL · iShares Trust | 0.49% | 24,913 SH | Sept. 11, 2026 | Daily |
| DSI · iShares Trust | 0.47% | 107,892 SH | Sept. 11, 2026 | Daily |
| IVW · iShares Trust | 0.47% | 1,505,586 SH | Sept. 11, 2026 | Daily |
| ESG · FlexShares Trust | 0.46% | 2,610 NS | July 31, 2026 | N-PORT |
| VUG · VANGUARD INDEX FUNDS | 0.46% | 7,655,726 SH | Aug. 19, 2026 | Daily |
| LGDX · Tidal Trust III | 0.46% | 2,760 NS | July 31, 2026 | N-PORT |
| VOOG · VANGUARD ADMIRAL FUNDS | 0.45% | 524,549 SH | Aug. 19, 2026 | Daily |
| VONV · VANGUARD SCOTTSDALE FUNDS | 0.45% | 426,834 SH | Aug. 19, 2026 | Daily |
| IWD · iShares Trust | 0.45% | 1,571,162 SH | Sept. 11, 2026 | Daily |
| IUSG · iShares Trust | 0.44% | 621,535 SH | Sept. 11, 2026 | Daily |
| GLBL · Pacer Funds Trust | 0.40% | 19 NS | July 31, 2026 | N-PORT |
| SUSA · iShares Trust | 0.40% | 68,508 SH | Sept. 11, 2026 | Daily |
| ACIO · ETF Series Solutions | 0.40% | 40,183 NS | July 31, 2026 | N-PORT |
| FAD · First Trust Exchange-Traded AlphaDE… | 0.40% | 9,844 NS | July 31, 2026 | N-PORT |
| JPUS · J.P. Morgan Exchange-Traded Fund Tr… | 0.40% | 7,732 NS | July 31, 2026 | N-PORT |
| FDLO · FIDELITY COVINGTON TRUST | 0.39% | 23,726 NS | July 31, 2026 | N-PORT |
| EGLE · Global X Funds | 0.39% | 36 NS | July 31, 2026 | N-PORT |
| ADME · ETF Series Solutions | 0.38% | 4,790 NS | July 31, 2026 | N-PORT |
| HELO · J.P. Morgan Exchange-Traded Fund Tr… | 0.38% | 73,963 NS | July 31, 2026 | N-PORT |
| FEX · First Trust Exchange-Traded AlphaDE… | 0.37% | 24,832 NS | July 31, 2026 | N-PORT |
| FQAL · FIDELITY COVINGTON TRUST | 0.35% | 21,205 NS | July 31, 2026 | N-PORT |
| FDMO · FIDELITY COVINGTON TRUST | 0.34% | 12,990 NS | July 31, 2026 | N-PORT |
| USCL · iShares Trust | 0.31% | 37,363 SH | Sept. 11, 2026 | Daily |
| TOPC · iShares Trust | 0.31% | 429 SH | Sept. 11, 2026 | Daily |
| MGC · VANGUARD WORLD FUND | 0.30% | 141,203 SH | Aug. 19, 2026 | Daily |
| IWL · iShares Trust | 0.30% | 27,488 SH | Sept. 11, 2026 | Daily |
| XVV · iShares Trust | 0.29% | 8,129 SH | Sept. 11, 2026 | Daily |
| GARP · iShares Trust | 0.28% | 36,698 SH | Sept. 11, 2026 | Daily |
| QVML · Invesco Exchange-Traded Fund Trust … | 0.28% | 20,745 | Oct. 2, 2026 | Daily |
| CATH · Global X Funds | 0.28% | 15,583 NS | July 31, 2026 | N-PORT |
| ESGV · VANGUARD WORLD FUND | 0.28% | 159,900 SH | Aug. 19, 2026 | Daily |
| VOXP · Advisors Series Trust | 0.28% | 69 NS | July 31, 2026 | N-PORT |
| CHRI · Global X Funds | 0.28% | 95 NS | July 31, 2026 | N-PORT |
| BSCU · Invesco Exchange-Traded Self-Indexe… | 0.27% | 7,456,000 | Oct. 2, 2026 | Daily |
| XYLD · Global X Funds | 0.26% | 35,910 NS | July 31, 2026 | N-PORT |
| BBUS · J.P. Morgan Exchange-Traded Fund Tr… | 0.26% | 97,398 NS | July 31, 2026 | N-PORT |
| XCLR · Global X Funds | 0.26% | 39 NS | July 31, 2026 | N-PORT |
| XRMI · Global X Funds | 0.26% | 545 NS | July 31, 2026 | N-PORT |
| VOTE · TCW ETF Trust | 0.26% | 11,944 NS | July 31, 2026 | N-PORT |
| PTLC · Pacer Funds Trust | 0.25% | 35,438 NS | July 31, 2026 | N-PORT |
| XYLG · Global X Funds | 0.25% | 696 NS | July 31, 2026 | N-PORT |
| IVV · iShares Trust | 0.25% | 8,897,847 SH | Sept. 11, 2026 | Daily |
| XTR · Global X Funds | 0.25% | 52 NS | July 31, 2026 | N-PORT |
| ILCB · iShares Trust | 0.25% | 13,737 SH | Sept. 11, 2026 | Daily |
| PBP · Invesco Exchange-Traded Fund Trust | 0.25% | 4,289 | Oct. 2, 2026 | Daily |
| BKLC · BNY Mellon ETF Trust | 0.25% | 58,560 NS | July 31, 2026 | N-PORT |
| VOO · VANGUARD INDEX FUNDS | 0.25% | 18,338,636 SH | Aug. 19, 2026 | Daily |
| VV · VANGUARD INDEX FUNDS | 0.25% | 824,431 SH | Aug. 19, 2026 | Daily |
| EGUS · iShares Trust | 0.25% | 292 SH | Sept. 11, 2026 | Daily |
| PBUS · Invesco Exchange-Traded Fund Trust … | 0.24% | 122,246 | Oct. 2, 2026 | Daily |
| TOV · EA Series Trust | 0.24% | 2,696 NS | July 31, 2026 | N-PORT |
| IYY · iShares Trust | 0.24% | 30,343 SH | Sept. 11, 2026 | Daily |
| IWB · iShares Trust | 0.24% | 489,104 SH | Sept. 11, 2026 | Daily |
| SPUU · Direxion Shares ETF Trust | 0.24% | 2,663 NS | July 31, 2026 | N-PORT |
| QDPL · Pacer Funds Trust | 0.23% | 16,993 NS | July 31, 2026 | N-PORT |
| BSCT · Invesco Exchange-Traded Self-Indexe… | 0.23% | 7,191,000 | Oct. 2, 2026 | Daily |
| ESGU · iShares Trust | 0.23% | 176,158 SH | Sept. 11, 2026 | Daily |
| VONE · VANGUARD SCOTTSDALE FUNDS | 0.23% | 116,921 SH | Aug. 19, 2026 | Daily |
| IWV · iShares Trust | 0.23% | 195,126 SH | Sept. 11, 2026 | Daily |
| ITOT · iShares Trust | 0.23% | 919,051 SH | Sept. 11, 2026 | Daily |
| VTI · VANGUARD INDEX FUNDS | 0.22% | 22,413,773 SH | Aug. 19, 2026 | Daily |
| VTHR · VANGUARD SCOTTSDALE FUNDS | 0.22% | 59,531 SH | Aug. 19, 2026 | Daily |
| PHDG · Invesco Actively Managed Exchange-T… | 0.21% | 568 | Oct. 2, 2026 | Daily |
| PEVC · Pacer Funds Trust | 0.20% | 21 NS | July 31, 2026 | N-PORT |
| HCMT · Direxion Shares ETF Trust | 0.20% | 4,912 NS | July 31, 2026 | N-PORT |
| EUSA · iShares, Inc. | 0.20% | 16,551 SH | Sept. 11, 2026 | Daily |
| ROUS · Lattice Strategies Trust | 0.20% | 6,034 NS | July 31, 2026 | N-PORT |
| RSP · Invesco Exchange-Traded Fund Trust | 0.20% | 827,399 | Oct. 2, 2026 | Daily |
| TOK · iShares Trust | 0.20% | 1,966 SH | Sept. 11, 2026 | Daily |
| SIZE · iShares Trust | 0.19% | 3,519 SH | Sept. 11, 2026 | Daily |
| SPXL · Direxion Shares ETF Trust | 0.19% | 55,188 NS | July 31, 2026 | N-PORT |
| URTH · iShares, Inc. | 0.18% | 63,508 SH | Sept. 11, 2026 | Daily |
| PFIG · Invesco Exchange-Traded Fund Trust … | 0.18% | 243,000 | Oct. 2, 2026 | Daily |
| ACVF · ETF Opportunities Trust | 0.17% | 1,134 NS | July 31, 2026 | N-PORT |
| BSCS · Invesco Exchange-Traded Self-Indexe… | 0.17% | 6,073,000 | Oct. 1, 2026 | Daily |
| TILT · FlexShares Trust | 0.17% | 15,710 NS | July 31, 2026 | N-PORT |
| ACWI · iShares Trust | 0.16% | 223,852 SH | Sept. 11, 2026 | Daily |
| CRBN · iShares Trust | 0.15% | 7,608 SH | Sept. 11, 2026 | Daily |
| EQAL · Invesco Exchange-Traded Fund Trust … | 0.15% | 5,205 | Oct. 2, 2026 | Daily |
| VT · VANGUARD INTERNATIONAL EQUITY INDEX… | 0.14% | 588,991 SH | Aug. 19, 2026 | Daily |
| BSCR · Invesco Exchange-Traded Self-Indexe… | 0.11% | 5,256,000 | Oct. 2, 2026 | Daily |
| PRF · Invesco Exchange-Traded Fund Trust | 0.11% | 49,238 | Oct. 2, 2026 | Daily |
| VFMV · VANGUARD WELLINGTON FUND | 0.07% | 1,370 SH | Aug. 19, 2026 | Daily |
| RWL · Invesco Exchange-Traded Fund Trust … | 0.06% | 26,913 | Oct. 2, 2026 | Daily |
| WSML · iShares Trust | 0.01% | 13,911 SH | Sept. 11, 2026 | Daily |
| BIV · VANGUARD BOND INDEX FUNDS | · | · | July 15, 2026 | Daily |
| BLV · VANGUARD BOND INDEX FUNDS | · | · | July 15, 2026 | Daily |
| BSV · VANGUARD BOND INDEX FUNDS | · | · | July 15, 2026 | Daily |
| BND · VANGUARD BOND INDEX FUNDS | · | · | July 15, 2026 | Daily |
| VUSB · VANGUARD BOND INDEX FUNDS | · | · | July 15, 2026 | Daily |
| VCSH · VANGUARD SCOTTSDALE FUNDS | · | · | July 15, 2026 | Daily |
| VCIT · VANGUARD SCOTTSDALE FUNDS | · | · | July 15, 2026 | Daily |
| VCLT · VANGUARD SCOTTSDALE FUNDS | · | · | July 15, 2026 | Daily |
| VTC · VANGUARD SCOTTSDALE FUNDS | · | · | July 30, 2026 | Daily |
| BNDW · VANGUARD SCOTTSDALE FUNDS | · | · | July 30, 2026 | Daily |
| BNDX · VANGUARD CHARLOTTE FUNDS | · | · | July 15, 2026 | Daily |
| VCEB · VANGUARD WORLD FUND | · | · | July 30, 2026 | Daily |
WELL Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside
rating · 28 analysts
BUY
Median target
$262.50
+15.3%
6 21.4%
Strong Buy
17 60.7%
Buy
5 17.9%
Hold
0 0.0%
Sell
0 0.0%
Strong Sell
12-Month Price Target
22 analysts · 2026-10-02Mean target $262.05 +15.1%
Now
Current price $227.71
Low$219.00
Mean$262.05
High$292.00
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Source: SEC 10-Q filed Jul 28, 2026