The recent performance of Welltower (NYSE:WELL) has put it under the radar of investment gurus and financial analysts. The company has seen upgrades by outlets like StockNews.com, emphasizing on the company's competency in standing up amidst market fluctuations. Despite occasional underperformances in the market, Welltower continues to witness strong trading days, outperforming several competitors. Several financial institutions have increased their holdings in this stock, indicating confidence in its future performance.
Despite missing Q1 EPS by 3c, the company has raised guidance and also has seen occupancy gains in senior house segment. On the downside, Welltower has experienced a slight slump post-earnings reports but is expected to rebound. The Q4 forecast promises an active investment year, with plans to deploy $6B. This confidence stems from recent stock performance, with shares up by 2.5% since the last report. The company also plans to make a public offering of 17,500,000 shares of common stock.
Welltower reported robust growth in its Q4 2023 earnings and also experienced a rise in normalized FFO for 2023. The company’s stock has soared by 36.7% Year To Date and is projected to continue this trend. Multiple reports suggest that Welltower is a smart long-term buy with significant potential for future growth.
Welltower WELL News Analytics from Tue, 01 Aug 2023 07:00:00 GMT to Wed, 08 May 2024 06:34:30 GMT - Rating 7 - Innovation 6 - Information 9 - Rumor -3
