Welltower Inc. (NYSE:WELL) has seen significant market activity, characterized by various investment firms, raising and reducing their stakes in the company. Santander, Blair William & Co. IL, Avantax Advisory Services, and Illinois Municipal Retirement Fund have sold off shares. Conversely, Intech Investment Management, Centersquare Investment Management, Empowered Funds, Atomi Financial Group, Tectonic Advisors, Mitsubishi UFJ Asset Management, Forsta AP Fonden, and more have purchased additional Welltower shares. Analysts expect
good performance backed by Q1 earnings beating estimates and increased price targets by Evercore ISI and Morgan Stanley.
Debt offerings have been up-sized, with a successful closure of a $1.035 billion identification of exchangeable senior notes and proposed private placement. Anticipation surrounds Welltower's Q2 2024 earning release and a 10% dividend increase approved by the Board. There is optimism about robust growth, with acquisitions such as a $1.0 billion Affinity Active Adult Portfolio looming, indicating strategic expansion. Despite trading at a premium and some share sales from directors and shareholders, strong long-term buy prospects remain for Welltower.
Welltower WELL News Analytics from Sun, 22 Oct 2023 07:00:00 GMT to Sun, 21 Jul 2024 19:17:07 GMT -
Rating 8
- Innovation 4
- Information 6
- Rumor -1
