Welltower Inc. (WELL), a real estate investment trust, has been the subject of a flurry of news items. There's noticeable investor activity, with firms such as Los Angeles Capital Management LLC and Arizona State Retirement System purchasing substantial numbers of shares and Consolidated Planning Corp making a new investment. The real estate investment trust's strong cash flow growth proved lucrative in Q2 and raised it to a new 1-year high at $125.43. Furthermore,
Welltower's board of directors approves a 10% quarterly dividend increase. Announcements include a private placement of $750 million of exchangeable senior notes, a planned acquisition of a $1.0 billion Affinity Active Adult Portfolio, and a long-term strategic partnership formation. Meanwhile, there are predictions of continuous growth with the
senior housing market expanding. It is also noted that Welltower's stock has been rising for a good part of the year. The company has subsequently increased its 2024 FFO guidance and raised its dividend by 10%. In addition to all these, Welltower is refocusing efforts on lower-acuity assisted living and predicts robust growth thanks to senior housing.
Welltower WELL News Analytics from Sun, 22 Oct 2023 07:00:00 GMT to Sun, 08 Sep 2024 11:24:30 GMT -
Rating 8
- Innovation 2
- Information 6
- Rumor 1
