In recent developments, Welltower Inc. has experienced a significant rise in stock investments with International Assets Investment Management LLC, Natixis Advisors L.P., Amalgamated Bank, and Savant Capital LLC, among others, bolstering their holdings in the company. The company's performance has underperformed the overall market but surpasses competitor performance on specific trading days, nonetheless.
Welltower reports investment opportunities with $6B ready to field. Revenue and FFO for Q1 and Q4 beat estimates, while Q2 FFO tops and seniors housing occupancy (SHO) increases. Welltower also reported robust growth in Q4 2023 Earnings. However, the company experienced a dip in the third quarter of 2022 with EPS missing expectations, and Q1 EPS fell short by 3cents. Interestingly, there was also a stock rebound noted after the last earnings report.
Welltower has also been actively expanding its real estate portfolio, marking its position among the top five real estate companies in the US. It announced the planned acquisition of a $1.0 billion Affinity Active Adult portfolio, forming a long-term strategy. Also, it purchased a Pacific Northwest Senior Living Portfolio for almost $1B. News of its stock position is positively received with the stock hitting a 12-month high at $94.81.
Companies like J.W. Cole Advisors Inc., Mackenzie Financial Corp and Duff & Phelps Investment Management Co. have boosted their investments in Welltower, indicating trust in its financial performance. However, there were instances of stocks sales by the likes of LGT Group Foundation, Los Angeles Capital Management LLC, and Tilt Investment Management Holdings PBC.
Welltower WELL News Analytics from Tue, 01 Aug 2023 07:00:00 GMT to Mon, 06 May 2024 23:24:26 GMT - Rating 5 - Innovation 3 - Information 9 - Rumor -2
