SNS Financial Group, Assenagon Asset Management, Fifth Third Bancorp and various other financial firms have made significant investments in Welltower Inc., notably raising Welltower’s stock by 29.3% YTD. The company has also undergone multiple private placements which amounted to $750 million of exchangeable senior notes and their PT was raised to $137 at Deutsche Bank. Other achievements include a 10% increase in quarterly dividend to 67c per share and Q1 FFO and Revenues beating estimates. Welltower further announced their plan to acquire $1.0 billion Affinity Active Adult Portfolio and form a long-term strategic partnership. Following their Q2 earnings report and 2024 business update, its stock went up by 5.8%. Recent financial feats include raising 2024 FFO guidance and hiking the dividend, revealing an 11.9% YTD stock rise. Wall Street revealed insights on key metrics for Welltower’s Q2 earnings. Finally, board member, Andrew Gundlach was added to the board of directors as Welltower forecasts an increase in senior housing demand.
Welltower WELL News Analytics from Sun, 22 Oct 2023 07:00:00 GMT to Sun, 25 Aug 2024 17:22:34 GMT -
Rating 8
- Innovation -2
- Information 7
- Rumor -4
