The portfolio positions of Franklin Resources Inc and Tidal Investments LLC in Welltower Inc have seen b growth, despite the stock of the latter underperforming when compared to its competitors. Analysts from Raymond James have raised the price target of Welltower's stock to $155, predicting a positive market performance. Although the company is facing financial challenges, it has managed to secure a robust $1.2 billion investment pipeline. Nevertheless, Welltower stock is considered too pricey for some, leading the company's board member, Kenneth Bacon, to sell 2,200 shares of stock. There were price target adjustments from Wells Fargo too. Reviews on the company's Q3 2024 financial results have been mixed, with the company's stock rallying as much as 39.1% YTD.
The company has a strong momentum, with financial institutes such as the Retirement Systems of Alabama buying more shares, making Welltower a likely beneficiary of the robust growth in the senior housing industry. Looking ahead, the analysts' projections for Welltower's Q3 earnings have been revealed, forecasting a record revenue and strong FFO growth. The company is also set for more investment growth, after a record-setting $6.1B investment year.
Welltower WELL News Analytics from Tue, 13 Feb 2024 08:00:00 GMT to Fri, 20 Dec 2024 21:46:00 GMT - Rating 5 - Innovation 0 - Information 7 - Rumor -5
