Notable activity has been recorded within Welltower Inc. The Swiss National Bank has acquired 35,500 shares of the company, and similarly, the Norden Group LLC has made a new $383,000 investment. Other institutional investors such as Manchester Capital Management LLC, Janney Montgomery Scott LLC, and SG Americas Securities LLC have also increased their stakes in the company. Further on, Welltower has announced the closing of $1.035 billion of exchangeable senior notes and upsize of a debt offering to $900 million. Morgan Stanley has raised the price target for the company to $107.50, and Welltower's stock has outperformed competitors multiple times. Even amid losses on certain days, the company's stock rises, driving an overall positive trend. The company also proposed a private placement worth $750 million of exchangeable senior notes. FFO and Q1 revenues have beaten estimates, and the company has raised its 2024 FFO guidance, hiking the dividend by 10%. The company has also announced the planned acquisition of a $1.0 billion Affinity Active Adult Portfolio and is looking at potential strategies for SWOT Insight.
Welltower WELL News Analytics from Sun, 22 Oct 2023 07:00:00 GMT to Sun, 14 Jul 2024 18:21:20 GMT - Rating 8 - Innovation 3 - Information 7 - Rumor -3
