Welltower Inc. (NYSE:WELL), a significant player in the senior housing industry, consistently outperforms competitors and hit a new 1-year high. The company recently boasted strong Q3 results, showcasing record revenue and a marked growth in FFO. This robust financial performance has resulted in considerable stake acquisitions by BNP Paribas Asset Management, Intech Investment Management LLC, and Swiss National Bank, among others, while Mizuho Securities USA LLC and Garland Capital Management Inc. reduced their positions. Welltower raised annual FFO forecasts and plans further growth, following a record investment year of $6.1B. Despite the strong performance, some pundits deem Welltower’s stock expensive, while others are bullish on the real estate stock due to the resilient demand for senior housing, as reflected by the stake purchases and the upsizing of a $5.0 billion senior unsecured line of credit. It is worth noting that the stock earned a relative strength rating upgrade and provided shareholders with a 10% increase in quarterly dividends.
Welltower WELL News Analytics from Tue, 13 Feb 2024 08:00:00 GMT to Sat, 23 Nov 2024 10:01:55 GMT -
Rating 8
- Innovation 5
- Information 9
- Rumor -1
