Welltower (WELL) seems to be gaining strong momentum, verified by its all-time high record of $140.22. Looking at its ownership shifts, several big entities such as Northwest & Ethical Investments, Zurcher Kantonalbank Zurich Cantonalbank, Connor Clark & Lunn Investment Management and UBS ASSET MANAGEMENT AMERICAS LLC are making significant purchases, indicating a possibly bullish trend on WELL. On the other side, HBK Investments, MetLife Investment Management, and Principal Financial Group have made substantial sales of Welltower stock. The company with a three-year revenue growth rate of 4.40% reported Q3 2024 earnings, achieving record revenue and robust FFO growth. A growing interest in the senior housing industry aids the company's performance.Welltower's Q3 FFO outperformed estimates, and its same-store NOI has grown Y/Y. It has also closed a $1.035B Senior Notes deal and is planning a $1.0B portfolio acquisition. However, some investors argue that the stock's value might be too expensive.
Welltower WELL News Analytics from Tue, 13 Feb 2024 08:00:00 GMT to Sat, 30 Nov 2024 11:09:58 GMT - Rating 6 - Innovation 2 - Information 7 - Rumor -3
