UBS Group AG and
Janney Montgomery Scott LLC both increased their positions in
Welltower Inc. (NYSE:WELL), while
Avantax Advisory Services Inc. and
PNC Financial Services Group Inc. decrease theirs. Despite a downgrade by
Raymond James, Welltower stock outperformed competitors on certain trading days. Boosted by the coronavirus scare, the company also enhanced liquidity.
Welltower reports an average rating of “Moderate Buy” from analysts and hit a new 52-week high at $102.32. Various companies, including
Jump Financial LLC and
Beacon Pointe Advisors LLC have invested millions, but on the contrary, others have sold significant shares.
Scotiabank raised Welltower's price target to $108. Q1 and Q4 earnings exceeded estimates. The company issued business updates and planned further acquisitions while maintaining a robust Q4 2023 performance. However, some raised caution amid concerns about delayed HHS Funds. There were mixed opinions on stock performance, with downgrades and upgrades observed. The stock witnessed a sharp fall following 'shell game' allegations, yet the CEO remains optimistic about growth. The company also faced scrutiny over the public offering price of its common shares.
Welltower WELL News Analytics from Tue, 01 Aug 2023 07:00:00 GMT to Thu, 23 May 2024 19:13:30 GMT -
Rating 5
- Innovation -3
- Information 7
- Rumor -2
