The long-term performance prospects of Welltower Inc. (NYSE:WELL) have improved owing to a series of favorable events. The Marshall Financial Group LLC and Swedbank AB, among others, have significantly increased their positions in the company, a direct reflection of their confidence in Welltower's potential. Welltower has been consistently outperforming competitors in the market, which is supported by the receipt of a \"Moderate Buy\" consensus recommendation from brokerages.
The company recently announced upsized pricing of $900 million of Exchangeable Senior Notes and an upsizing and maturity extension of a $5.0 billion senior unsecured line of credit. Alongside these financial advancements, Welltower has raised its 2024 FFO guidance and hiked its dividend by 10%. The organization's active investment capacity of $6B is set to ensure the continued growth of the business.
Welltower’s revenue dips are anticipated to be temporary as the senior housing developer predicts strong growth. With additions to the board of directors and refocusing efforts on lower-acuity assisted living, Welltower is well-positioned for sustained expansion.
Welltower WELL News Analytics from Mon, 06 Nov 2023 08:00:00 GMT to Sat, 19 Oct 2024 16:12:37 GMT - Rating 8 - Innovation -1 - Rumor 2
