Welltower Inc. (NYSE:WELL) has been experiencing a significant growth, surpassing its Q4 FFO and revenue estimates, registering a year-on-year increase of 27%, and hitting a new 1-year high following an analyst upgrade. Investment bodies, such as BNP Paribas Financial Markets, Victory Capital Management Inc., Charles Schwab Investment Management Inc., Great Valley Advisor Group Inc., and others have been actively trading and adjusting their stakes in Welltower. The company also managed to outperform its competitors repeatedly on different trading days. Despite some delays in HHS funds affecting the Q3 projections, the company's resilience saw an upgrade in its performance rating to a 'Hold' at StockNews.com. Welltower’s first quarter 2024 results came out strong, compelling Mizuho to raise the price target to $105.00. In response to their vibrant performance, Welltower revised its Q2 guidance boosting financial flexibility. However, despite these solid outcomes, the company's shares saw a slight drop of 0.7% since the last earnings report. Welltower's active investment streak is expected to continue, with an estimated $6B ready for deployment. The company also announced a public offering price of 17,500,000 shares of common stock.
Welltower WELL News Analytics from Tue, 01 Aug 2023 07:00:00 GMT to Sun, 12 May 2024 20:44:22 GMT -
Rating 7
- Innovation 6
- Information 8
- Rumor 2
