Welltower Inc. received multiple upgrades from
Jefferies, prompting a
surge in its share price. The moves were reinforced by an announcement that the firm had made significant updates in its business models and executive leadership team.
Welltower also reported strong performances for Q3 in 2024 which included record revenue and strong FFO growth. However, despite its robust growth,
Welltower faced some financial challenges, including a lowering of its price target from $143 to $140 by
Wells Fargo. Although, the robust growth in the senior housing market indicates Welltower is well-positioned for future advantages. Alongside, its stock rallies and investment outputs highlight promising growth aspects. Despite this, insiders including
Kenneth Bacon and
JPMorgan Chase sold a volume of their shares.
Welltower has announced upsized pricing of $900M of exchangeable senior notes and closed at $1.035B of the same. The firm also intends to participate in the
BofA Securities 2024 Global Real Estate Conference, boosting investor confidence.
Welltower WELL News Analytics from Tue, 13 Feb 2024 08:00:00 GMT to Sat, 04 Jan 2025 03:32:00 GMT -
Rating 7
- Innovation -3
- Information 9
- Rumor 5
